Falling stocks pressure JSE USD Market


Trading ended with a sizable 62 percent drop in volume on the Jamaica Stock Exchange US dollar market on Tuesday even as the value surged 303 percent over Monday’s trade, resulting in an exchange of 10 securities, compared with seven on Monday with prices of two rising, four declining and four ending unchanged.

The market closed with an exchange of 266,132 shares for US$92,122 compared to 699,719 stocks at US$22,846 on Monday.
Trading averaged 26,613 shares at US$9,212 compared to 99,960 stocks at US$3,264 on Monday, with a month to date average of 68,085 units at US$4,761 in contrast with 79,294 stocks at US$3,558 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index lost 0.31 points to wrap up trading at 237.56. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.1. 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, First Rock Real Estate USD share slipped 0.02 of a cent to finish at 1.6 US cents with an exchange of 37,578 stock units, Productive Business Solutions fell 18.89 cents to US$1.6611 after 18 shares passed through the market, Proven Investments popped 1 cent in closing at 11 US cents with investors swapping 41,925 units. Sterling Investments remained at 1.87 US cents after a transfer of 6,399 stocks, Sygnus Credit Investments skidded 0.29 of one cent to end at 6.31 US cents with traders dealing in 63,094 shares, Sygnus Real Estate Finance USD share ended at 7.94 US cents after an exchange of 62 stock units and Transjamaican Highway slipped 0.05 of a cent to 2.45 US cents with investors trading 76,817 stocks.

In the preference segment, JMMB Group 7.5% preferred share closed at US$2.01 with 39,878 units clearing the market, JMMB Group US8.5% preference share rose 0.5 of one cent and ended at US$1.05 with investors trading 271 stocks and Productive Business Solutions 9.25% preference share ended at US$10.30 in switching ownership of 90 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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