Trading dropped on JSE USD Market
October 28, 2024 by
Trading dropped on the Jamaica Stock Exchange US dollar market closed on Monday, with a 78 percent drop in the volume of stocks hanging hands traded with a 93 percent lower value than on Friday and similar the Friday there was activities in six securities resulting in prices of two rising, three declining and one ending unchanged.
The market closed with an exchange of 65,465 shares for US$1,775 compared to 302,404 stocks at US$26,091 on Friday. Trading averaged 10,911 shares at US$296 compared to 50,401 stocks at US$4,349 on Friday, with a month to date average of 487,419 units at US$12,733 down from 512,946 shares at US$13,399 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index lost 2.76 points to end the day at 223.69. The Investor’s Choice bid-offer indicator shows just one stock ending with a bid higher than the last selling price and one with a lower offer., an indication of the likelihood of a relatively stable market on Tuesday.
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 market activities, First Rock Real Estate USD share dropped 0.85 of one cent and ended at 3.14 US cents after an exchange of 4,000 units, MPC Caribbean Clean Energy popped 5.99 cents to 70.99 US cents with 10 stocks clearing the market, Proven Investments sank 2.2 cents to end at 9.8 US cents in trading 2,000 shares. Sygnus Credit Investments fell 0.5 of one cent in closing at 6.2 US cents with 4,000 stocks crossing the exchange and Transjamaican Highway increased 0.01 of one cent to finish at 2.15 US cents with investors trading 55,452 shares.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10.30 with just 3 stocks traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 148,501 shares for US$5,489, up from 65,465 stock units at US$1,775 on Monday.

The market closed with an exchange of 373,225 shares for US$39,451 compared to 299,517 units at US$37,566 on Wednesday. Trading averaged 93,306 shares at US$9,863 compared to 59,903 shares at US$7,513 on Wednesday, with a month to date average of 539,128 shares at US$13,912 compared with 556,611 units at US$14,071 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The market closed with an exchange of 299,517 shares for US$37,566 compared to 494,867 units at US$29,853 on Tuesday.
The market closed with an exchange of 494,867 shares for US$29,853 compared to 494,005 units at US$35,761 on Friday.
Sygnus Credit Investments remained at 7.3 US cents with 320,562 units changing hands and Transjamaican Highway skidded 0.1 of one cent in closing at 2.05 US cents with investors swapping 154,501 stocks.
The US Denominated Equities Index rallied 1.41 points to end at 225.68. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
Sygnus Credit Investments popped 0.01 of a cent to end at 7.3 US cents with investors swapping 6,782 stock units, Sygnus Real Estate Finance USD share remained at 5.5 US cents with 1,000 shares crossing the market and Transjamaican Highway rallied 0.04 of one cent to close at 2.15 US cents with traders dealing in 176,730 stocks.
The market closed with an exchange of 51,055,916 shares valued US$1,092,742 compared to 231,331 units at US$18,240 on Wednesday.
Sygnus Credit Investments gained 0.29 of one cent to close at 7.29 US cents in switching ownership of 300 stocks, Sygnus Real Estate Finance USD share ended at 5.5 US cents after an exchange of 1,700 shares and Transjamaican Highway rose 0.1 of a cent and ended at 2.11 US cents after 51,043,647 stock units passed through the market.
The market closed with an exchange of 459,083 shares for US$13,033 up sharply from 121,661 units at US$8,414 on Monday.
Sterling Investments lost 0.01 of one cent after closing at 1.49 US cents with traders dealing in 27,613 units, Sygnus Credit Investments declined 0.28 of a cent to end at 7 US cents in an exchange of 9,026 stocks and Transjamaican Highway ended at 2.05 US cents trading 399,754 units.