Trading surged on the Jamaica Stock Exchange US Dollar Market on Monday, with an 84 percent jump in the volume of stocks traded, accompanied by a 154 percent surge in value, compared to Friday. The market closed with an exchange of 12 securities compared with 10 on Friday, with six rising, three declining and three ending unchanged.
Market activity ended with an exchange of 539,157 shares valued at US$50,427, following an increase from 293,051 stock units at US$19,870 on Friday. Trading ended with an average of 44,930 shares at US$4,202 up from 29,305 stock units at US$1,987 on Friday and an average for October valued at 599,023 units for US$38,839.
The US Denominated Equities Index rose by 1.37 points to 291.61.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most commonly used measures to determine appropriate stock values, averages 18.5. 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 financial years ending around August 2027.
At the close of an active trading session, AS Bryden ended at 15.99 US cents after a transfer of 24 units, First Rock Real Estate USD share rallied 0.2 of a cent in closing at 2 US cents with 6 stocks clearing the market, Margaritaville remained at 8.05 US cents in an exchange of 14 shares. Productive Business Solutions rose 5 cents to finish at 95 US cents with a transfer of 153 stocks, Quantas Advantage advanced 0.57 of one cent to settle at 14.77 US cents in switching ownership of 1,059 shares, Sygnus Credit Investments popped 0.02 of a cent and ended at 6.5 US cents after an exchange of 29,973 stock units. Sygnus Real Estate Finance USD share remained at 5.15 US cents with 2,708 units changing hands and Transjamaican Highway skidded by 0.07 of a cent to finish at 6.34 US cents with an exchange of 499,744 stocks.
In the preference segment, JMMB Group 7.5% dipped 2 cents to end at US$2 with 2,000 shares passing through the market. JMMB Group US8.5% increased 24.67 cents in closing at US$1.29with investors swapping 2,482 stock units, Productive Business Solutions 9.25% climbed US$1.92 in closing at US$12.10 after an exchange of 4 units and Sygnus Credit Investments 8% declined by US$1.59 to finish at US$9.01 with investors dealing in 990 stocks.
Prices of securities trading are those of the last transaction.