Trading on the Jamaica Stock Exchange US Dollar Market slowed on Monday, with volume and value of stocks traded slipping below Friday’s levels, following an exchange of seven securities, down from 11 on Friday, with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 709,279 shares for US$43,937, down from 743,959 stock units at US$54,674 on Friday.
Trading ended with an average of 101,326 shares at US$6,277, after an increase from 67,633 stock units at US$4,970 on Friday. Trading for the month to date averages 72,344 units at US$6,397, compared with 62,201 stock units at US$6,440 on the previous day and lower than an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index declined 9.51 points to end at 282.97. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the commonly used measures to calculate appropriate stock values, averages 17.1. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close of trading, AS Bryden ended at 16.9 US cents with a mere 2 units crossing the market, First Rock Real Estate USD share climbed 0.32 of a cent and ended at 2.42 US cents with an exchange of just 2 stock units, Proven Investments dropped 0.23 of a cent to 5.76 US cents with 97 shares changing hands. Quantas Advantage rose 0.06 of a cent to close at 14.88 US cents after trading of 4,244 stock units, Sterling Investments lost 0.18 of a cent to close at 2.1 US cents with a mere one share passing through the market and Transjamaican Highway dipped 0.05 of one cent to end at 6.44 US cents in switching ownership of 704,923 stock units.
In the preference segment, AS Bryden 6% remained at US$1 after an exchange of 10 units.
Prices of securities trading are those of the last transaction.
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