Trading dived on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks traded declining 92 percent with a 57 percent lower value than on Friday, resulting in an exchange of nine securities, down from 10 on Friday with prices of four rising, two declining and three ending unchanged.
The market closed following an exchange of 172,833 shares valued at US$26,689, down considerably from 2,139,002 stocks at US$61,591 on Friday. Trading averaged 19,204 shares at US$2,965 down from 213,900 stocks at US$6,159 on Friday, with a month to date average of 87,831 stock units at US$3,566 compared with 122,145 stocks at US$3,866 on the previous trading day and December with an average of 229,957 units for US$7,451.
The US Denominated Equities Index rose 1.11 points to close trading at 235.70. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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 the market, First Rock Real Estate USD share rallied 0.2 of a cent to 2.4 US cents with investors trading 3,470 stock units, Margaritaville remained at 6.78 US cents after a transfer of 530 shares, Proven Investments slipped 0.5 of a cent to close at 11.5 US cents, with 26,549 stocks clearing the market. Sygnus Credit Investments ended at 7 US cents in trading 16,971 units, Sygnus Real Estate Finance USD share rose 0.03 of a cent to end at 5.9 US cents after an exchange of 232 stocks and Transjamaican Highway gained 0.07 of a cent in closing at 2.8 US cents with investors trading 123,117 shares.
In the preference segment, Productive Business Solutions 9.25% preferred share slipped 10 cents to US$10.80 with an exchange of 50 stock units, Sygnus Credit Investments US 8% remained at US$9.50 with 1,858 units changing hands and Sygnus Credit Investments E8.5% popped 50 cents in closing at US$10 with investors dealing in 56 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
