The Jamaica Stock Exchange US dollar market suffered a sharp decline in trading on Monday, with the volume of stocks traded dropping sharply by 88 percent, with a 89 percent lower value than on Friday. Market activity resulted in the exchange of eight securities, compared with six on Friday, with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 95,221 shares for US$2,806, steeply falling from 818,516 stocks at US$25,705 on Friday.
Trading ended with an average of 11,903 shares at US$351, far below the 136,419 stocks at US$4,284 on Friday, with a month to date average of 41,812 stock units at US$1,602, close to the 44,113 stocks at US$1,698 on the previous day, but well below April, with an average of 261,717 units for US$10,686.
The US Denominated Equities Index rose 2.15 points to settle at 248.53. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.8. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, First Rock Real Estate USD share remained at 1.98 US cents with investors swapping 1,004 shares, Margaritaville ended at 8.2 US cents with 43 stocks crossing the market, Proven Investments lost 0.05 of one cent to finish at 10.9 US cents with a transfer of 3,609 shares. Sterling Investments declined by 0.23 of a cent and ended at 1.98 US cents after closing with an exchange of 1,086 units, Sygnus Credit Investments fell 0.22 of a cent in closing at 7.2 US cents with 300 stock units trading, Sygnus Real Estate Finance USD share ended at 8 US cents after a transfer of 395 shares and Transjamaican Highway popped 0.01 of a cent to 2.5 US cents as traders switched ownership of 88,775 stocks.
In the preference segment, Sygnus Credit Investments US 8% sank 89.9 cents in closing at US$8.821 with investors trading 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.