Big fall in the JSE USD market


Falling stocks pressured the US Denominated Equities on Friday resulting in a 7 percent drop in the market index as it ended with a notable 17.75 points fall to close at 241.11 as the volume of stocks traded declined 84 percent with a 71 percent lower value than on Thursday at the Jamaica Stock Exchange US dollar market, following an exchange of seven securities, down from nine on Thursday with prices of two rising, two declining and three ending unchanged.

The market closed with an exchange of 376,670 shares for US$19,813 well short of the 2,290,277 stocks valued US$68,443 on Thursday.
Trading ended with an averaged of 53,810 shares for US$2,830 down from 254,475 stocks at US$7,605 on Thursday, with a month to date average of 152,075 units at US$5,186 compared with 172,306 stocks at US$5,671 on the previous day and November that ended with an average of 186,934 units for US$9,182.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 trading, AS Bryden lost 2 cents to end at a 52 weeks’ low of 18 US cents with a transfer of just one stock unit, Proven Investments remained at 11 US cents with 17,839 shares crossing the exchange, Sterling Investments advanced 0.11 of one cent to finish at 1.37 US cents with investors trading 54,605 stock units. Sygnus Credit Investments ended at 6.58 US cents after an exchange of 87,572 stock units and Transjamaican Highway popped 0.04 of one cent to close at 2.79 US cents with 211,776 shares trading.

In the preference segment, JMMB Group US8.5% preference share fell 5 cents to close at US$1.11 with 4,871 stocks clearing the market and Sygnus Credit Investments E8.5% ended at US$9 with investors trading just 6 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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