Trading climbed on the Jamaica Stock Exchange US dollar market on Monday, with a 412 percent jump in the volume of stocks traded with a 284 percent greater value than on Friday, resulting in an exchange of eight securities, compared with seven on Friday with prices of four rising and four declining.
The market closed with an exchange of 225,466 shares for US$8,422 up from just 44,023 stocks at US$2,193 on Friday.
Trading averaged 28,183 shares at US$1,053 compared to 6,289 stocks at US$313 on Friday, with a month to date average of 17,966 units at US$708 compared with October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index dipped 1.67 points to end at 234.57. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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, First Rock Real Estate USD share advanced 0.01 of a cent in closing at 3.99 US cents as investors exchanged 5,000 units, Proven Investments rose 0.01 of one cent to 12.71 US cents in trading 79 stocks, Sterling Investments sank 0.02 of a cent to end at 1.58 US cents in an exchange of 96,314 shares. Sygnus Credit Investments climbed 0.44 of one cent to close at 7 US cents with 19,600 stock units changing hands, Sygnus Real Estate Finance USD share dipped 0.1 of one cent to finish at a 52 weeks’ low of 4.9 US cents with an exchange of 1,060 shares and Transjamaican Highway lost 0.02 of one cent and ended at 2.08 US cents after 100,927 units passed through the market.
In the preference segment, JMMB Group US8.5% preference share increased 11 cents to US$1.20 in an exchange of 2,477 stocks and Sygnus Credit Investments E8.5% declined 90 cents to end at US$10 with investors trading 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.