Trading activities jumped sharply on the Jamaica Stock Exchange US dollar market on Monday, with a 477 percent surge in the volume of stocks traded, with a 44 percent climb in value compared with Friday, resulting in the exchange of seven securities, compared with eight on Friday, with prices of one rising, four declining and two ending unchanged.
The market closed with an exchange of 1,153,803 shares for US$29,575, falling sharply from 200,040 stocks at US$20,497 on Friday.
Trading averaged 164,829 shares at US$4,225, jumping from just 25,005 shares at US$2,562 on Friday, with a month to date average of 48,814 units at US$2,725 compared with 43,540 stocks at US$2,657 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index slipped 1.08 points to 202.49. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most popular measures to determine appropriate stock values, averages 10.1. The PE ratio is calculated based on the last traded price, divided by projected earnings, computed by ICInsider.com for companies with their financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share shed 0.16 of a cent to close at 1.8 US cents with 3,402 shares being traded, Proven Investments lost 0.1 of a cent to 10.28 US cents after investors exchanged 14,828 stock units, Sterling Investments slipped 0.31 of a cent to finish at 1.79 US cents with 1,000,000 shares clearing the market. Sygnus Credit Investments remained at 7.57 US cents after an exchange of 2,052 stocks, Sygnus Real Estate Finance USD share sank 0.1 of one cent to end at 4.9 US cents, with 4 stock units crossing the market and Transjamaican Highway rallied 0.41 of one cent in closing at 2.41 US cents, with dealings in 127,180 stocks.
In the preference segment, JMMB Group US8.5% ended at US$1.10 after investors transferred 6,337 units.
The prices of securities traded are the last transaction of each stock unless otherwise stated.