Trading drops on JSE USD Market

Market activity ended on the Jamaica Stock Exchange US dollar market on Monday, with a 36 percent drop in the volume of stocks traded with a 22 percent drop in value, down from trading on Friday, resulting in trading in nine securities, compared to six on Friday with prices of six declining and three ending unchanged.
The market closed with an exchange of 202,283 shares for US$21,876 compared to 315,594 units at US$28,050 on Friday.
Trading averaged 22,476 stock units at US$2,431 versus 52,599 shares at US$4,675 on Friday, with a month to date average of 34,525 shares at US$3,328 compared with July with an average of 30,304 units for US$2,118.
The US Denominated Equities Index dipped 3.13 points to end the day at 224.32.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.9. 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 three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, AS Bryden ended at 22.49 US cents with 30 units clearing the market, First Rock Real Estate USD share sank 0.89 of one cent in closing at 4 US cents with an exchange of 10,000 stocks, Margaritaville slipped 0.1 of a cent to end at 8.4 US cents as 219 shares passed through the market. Proven Investments remained at 11 US cents, with 48,182 stock units changing hands, Sterling Investments ended at 1.73 US cents with investors swapping 760 shares, Sygnus Credit Investments fell 0.1 of a cent to finish at 6.5 US cents, with 70,316 stocks crossing the market and Transjamaican Highway dipped 0.01 of a cent and ended at 2.01 US cents in switching ownership of 67,370 units.
In the preference segment, JMMB Group 5.75% lost 10 cents to close at US$1.85 after trading 5,383 stock units and Sygnus Credit Investments E8.5% skidded 6 cents to finish at US$10.34 with 23 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.