Stocks were in greater demand on the Jamaica Stock Exchange US dollar market on Monday, with a 376 percent surge in the volume of stocks exchanged after a 1,465 percent jump in value over the market activity on Friday, resulting in trading in five securities, compared to four on Friday with prices of four rising and one declining.
The market closed with an exchange of 250,977 shares for US$20,236 compared to 52,744 units at US$1,293 on Friday.
Trading averaged 50,195 stock units at US$4,047 versus 13,186 shares at US$323 on Friday, with a month to date average of 16,933 shares at US$1,381 compared with 5,846 units at US$493 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index increased 3.93 points to settle at 238.48.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.7. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Proven Investments increased 0.29 of a cent to end at 13 US cents after 700 stock units passed through the market, 
Sygnus Credit Investments dipped 0.65 of one cent to 6.05 US cents with traders dealing in 2,056 shares and Transjamaican Highway popped 0.17 of a cent to finish at 2.11 US cents in switching ownership of 236,428 stocks.
In the preference segment, JMMB Group US8.5% preference share rallied 18.75 cents to US$1.25 with investors dealing in 11,758 units and Sygnus Credit Investments E8.5% rose 34 cents to close at US$10.40, with 35 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on JSE USD Market
July 8, 2024 by
