The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded declining 23 percent with a 63 percent lower value than on Friday, resulting in an exchange of eight securities, down from 11 on Friday with prices of four rising, two declining and two ending unchanged.
The market closed with an exchange of 245,926 shares for US$7,499 down from 318,360 stocks at US$20,139 on Friday.
Trading averaged 30,741 shares at US$937 compared to 28,942 stocks at US$1,831 on the previous trading day and February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index declined 0.19 points to wrap up trading at 224.57. 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 best known measures to determine appropriate stock values, averages 9.6. 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 dropped 0.5 of a cent and ended at a 52 weeks’ low of 1.6 US cents after an exchange of 111,921 stocks, Proven Investments rose 0.15 of a cent to 11.5 US cents with investors trading 20,460 units, Sterling Investments rallied 0.08 of one cent to finish at 1.9 US cents in switching ownership of 26,282 shares. Sygnus Credit Investments ended at 7 US cents with investors swapping 7,757 stock units, Sygnus Real Estate Finance USD share remained at 7.94 US cents with a transfer of 878 shares and Transjamaican Highway popped 0.11 of one cent in closing at 2.4 US cents as investors exchanged 78,618 stocks.
In the preference segment, Sygnus Credit Investments US 8% sank US$1.275 to a 52 weeks’ low of US$7.2252 with 9 units crossing the market and Sygnus Credit Investments E8.5% climbed 1 cent and ended at US$9.74 after a transfer of just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
