The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded declining by 96 percent, with a 77 percent lower value than on Thursday. Similar to Thursday, the market closed with an exchange of nine securities and ended with prices of four rising, three declining and two ending unchanged.
The market closed with an exchange of 206,542 shares for US$34,989, dropping sharply from 4,999,088 stocks at US$155,356 on Thursday.
Trading averaged 22,949 shares at US$3,888, a significant fall from 555,454 stocks at US$17,262 on Thursday, compared with an average of 71,904 units for US$3,475 in July.
The US Denominated Equities Index dropped 3.10 points to 207.14. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share ended at 1.95 US cents as traders moved 666 shares through the market, Proven Investments lost 0.1 of one cent to end at 10.28 US cents with investors trading 100,000 stock units, Sterling Investments increased 0.1 of one cent to close at 2.1 US cents after an exchange of 74,580 shares and Transjamaican Highway climbed 0.19 of one cent and ended at 2.59 US cents after the trading of 27,962 stocks.
In the preference segment, JMMB Group US8.5% remained at US$1.10, closing with an exchange of 960 units, AS Bryden rose 0.99 of a cent to finish at 99.99 US cents with investors swapping 59 stocks. Productive Business Solutions 9.25% fell US$1.65 to US$9.15 with traders exchanging 2,000 units, Sygnus Credit Investments 8% slipped 0.01 of a cent in closing at US$9.60 with investors dealing in 300 shares and Sygnus Credit Investments E8.5% gained 1.01 cents to end at US$9.71 after trading of 15 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.