Trading climbs on JSE USD Market

Trading jumped on Monday, with the volume of stocks traded climbing 217 percent after 58 percent more money changed hands on the Jamaica Stock Exchange US dollar market versus trading on Friday, resulting in trading in eight securities, compared to five previously, with prices of three declining and five ending unchanged.
The market closed with an exchange of 150,061 shares for US$5,848 up from 47,268 units at US$3,703 on Friday.
Trading averaged 18,758 stock units at US$731 versus 9,454 shares at US$741 on Friday, with a month to date average of 31,910 shares at US$2,288 compared with 32,875 units at US$2,402 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index lost 0.05 points to culminate at 224.12.
The PE Ratio, a most used measure to determine appropriate stock values, averages 7.9. The PE ratio is computed based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, AS Bryden remained at 22.49 US cents with investors swapping 10,228 units, First Rock Real Estate USD share sank 0.27 of a cent to 4.2 US cents after an exchange of 7,681 stocks, MPC Caribbean Clean Energy ended at 70 US cents with investors trading 200 shares. Proven Investments ended at 11 US cents after an exchange of 745 stock units, Sterling Investments shed 0.28 of a cent to end at 1.55 US cents, with 450 shares passing through the market, Sygnus Credit Investments ended at 7 US cents in switching ownership of 6,300 stocks and Transjamaican Highway closed at 2 US cents as investors exchanged 124,452 units.
In the preference segment, Sygnus Credit Investments E8.5% dropped 60 cents to US$10.40 with a transfer of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.