Bounce for JSE USD Market


The Jamaica Stock Exchange US Dollar Market climbed on a day of slow trading on Thursday, with a 96 percent fall in the number of shares traded and a 91 percent lower value than Wednesday, following an exchange of 40,971 shares for US$5,045 after plunging from 1,063,465 stock units at US$54,678 on Wednesday after only five stocks were exchanged, compared with 10 on Wednesday with prices of two rising and three declining.

The market closed with an average of 8,194 shares at US$1,009 dropping from 106,347 stock units at US$5,468 on Wednesday, with a month to date average of 50,402 units at US$3,034 after skidding from 58,844 stock units at US$3,439 on the previous day and May that ended with an average of 180,903 units for US$8,607.
The US Denominated Equities Index popped 5.98 points to end at 235.71. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.5. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, Margaritaville slipped 0.04 of one cent in closing at 6.96 US cents after a transfer of 7 shares, MPC Caribbean Clean Energy dipped 4.78 cents to 27.08 US cents with 633 stock units changing hands, Productive Business Solutions sank 4 cents to finish at a 52 weeks low of 34 US cents in trading 7,000 shares. Sygnus Credit Investments gained 0.4 of a cent and ended at 6 US cents with 9,924 stocks clearing the market and Transjamaican Highway rose 0.3 of a cent to end at 4.7 US cents in an exchange of 23,407 units.

Prices of stocks trading are those of the last transactions unless otherwise stated.

About IC Insider.com