Trading volume climbed 26 percent with a 77 percent lower value at the close on Monday on the Jamaica Stock Exchange US dollar market, resulting in the exchange of 11 securities, compared with six on Thursday, with prices of three rising, two declining and six ending unchanged.
The market closed on Monday with an exchange of 248,681 shares for US$11,647, up from 197,380 stocks at US$50,568 on Thursday.
Trading averaged 22,607 shares at US$1,059, after falling from 32,897 stocks at US$8,428 on Thursday, with a month to date average of 54,551 units at US$2,650 compared with 57,275 stocks at US$2,786 on the previous day and April with an average of 261,717 units for US$10,686.
The US Denominated Equities Index popped 1.94 points to wrap up trading at 246.67. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, the frequently used measure to determine appropriate stock values, averages 11.6. 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 of the market, First Rock Real Estate USD share remained at 1.8 US cents with 10,000 shares crossing the market, Proven Investments ended at 11 US cents with investors trading 3,898 stocks, Sterling Investments remained at 1.98 US cents with traders clearing 1,195 shares from the market. Sygnus Credit Investments popped 0.3 of a cent to close at 7 US cents after an exchange of 9,986 stock units, Sygnus Real Estate Finance USD share ended at 8 US cents with 31 units changing hands and Transjamaican Highway slipped 0.09 of one cent to end at 2.4 US cents with investors dealing in 220,663 stocks.
In the preference segment, JMMB Group 7.5% rallied 10 cents in closing at US$2.10 with 2 shares crossing the exchange, JMMB Group US8.5% ended at US$1.10 with a transfer of 2,716 units, Productive Business Solutions 9.25% shed 22 cents and ended at US$10.20 as investors passed 18 stock units through the market. Sygnus Credit Investments US 8% rose 0.9 of one cent to end at US$8.83 in trading 10 shares and Sygnus Credit Investments E8.5% remained at US$10 with 162 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.