More than a quarter million dollars passed through the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks exchanged declining 51 percent after the value surged 1,550 percent more than on Friday, resulting in trading in seven securities, the same as on Friday with the price of three rising, two declining and two ending unchanged.
The market closed with trading in 317,598 shares for US$259,958 compared to 649,338 units at US$15,760 on Friday.
Trading averaged 45,371 units at US$37,137 versus 92,763 shares at US$2,251 on Friday, with a month to date average of 40,118 shares at US$4,417 compared with 39,670 units at US$1,624 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index increased 3.41 points to close at 240.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share skidded 0.09 of a cent to end at 4.01 US cents after 8,899 units passed through the market, Proven Investments ended at 13 US cents after an exchange of 2,523 shares. Sygnus Credit Investments advanced 0.27 of one cent to close at 8.99 US cents, with 63,572 stock units changing hands and Transjamaican Highway fell 0.02 cent to 1.85 US cents clearing the market with 35,945 stocks.
In the preference segment, JMMB US8.5% preference share rose 3 US cents to US$1.03 in trading 206,359 stocks, Productive Business Solutions 9.25% preference share ended at US$11.50 while exchanging 100 units and Sygnus Credit Investments E 8.5% popped 25 US cents and ended at US$10.25 with investors trading 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD Market
January 22, 2024 by
