Trading surged on the Jamaica Stock Exchange US dollar market ended on Monday, with a 680 percent rise in the volume of stocks exchanged with a 2,396 percent jump in value compared with Friday, resulting in trading in six securities compared to five on Friday with prices of one rising, three declining and two ending unchanged.
The market closed with an exchange of 193,327 shares for US$18,349 compared to 24,785 units at US$735 on Friday.
Trading averaged 32,221 units at US$3,058 versus 4,957 shares at US$147 on Friday, with a month to date average of 35,546 shares at US$3,341 compared with 35,922 units at US$3,373 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index slipped 2.73 points to close at 233.75.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share ended at 4.7 US cents in an exchange of 1,611 shares, Proven Investments remained at 13.09 US cents with investors dealing in 26,639 stocks, 
Sterling Investments climbed 0.09 of a cent to end at 1.6 US cents in switching ownership of 500 shares. Sygnus Credit Investments sank 0.5 of one cent in closing at 8 US cents after exchanging 96,400 stock units and Transjamaican Highway declined 0.13 of a cent and ended at 2.03 US cents with 63,384 shares crossing the market.
In the preference segment, JMMB Group US8.5% preference share fell 7 cents to finish at US$1.20 following trading of 4,793 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on JSE USD Market
May 13, 2024 by
