JSE USD Market continues to tumble


Losers edged out the winners on the US Dollar Market of the Jamaica Stock Exchange on Wednesday, resulting from an exchange of 10 securities, up from six on Tuesday with prices of two rising, seven declining and one ending unchanged. Transjamaican Highway grabbed 93 percent of the stocks transferred amounting to 988,713 units, the main mover in the number of stocks traded surging 842 percent with 227 percent greater value than on Tuesday.

The market closed with an exchange of 1,063,465 shares for US$54,678 up sharply from 112,843 stock units at US$16,717 on Tuesday.
Trading ended with an average of 106,347 shares at US$5,468 after an increase from 18,807 stock units at US$2,786 on Tuesday, with a month to date average of 58,844 units at US$3,439 compared with 27,176 stock units at US$2,086 on the previous day and well below May that ended with an average of 180,903 units for US$8,607.
The US Denominated Equities Index dropped 8.77 points to end trading at 229.73, with a loss of 60 points of the gains earlier this year, resulting in the gains for the year to date, evaporating to only 8.3 percent, currently. 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 the trading, First Rock Real Estate USD share ended at 2.88 US cents with 25 shares crossing the market, Margaritaville increased 1.13 cents to 7 US cents with investors trading a mere one unit, Productive Business Solutions dipped 7 cents to finish at a 52 weeks low of 38 US cents with 2,305 shares changing hands. Proven Investments fell 0.89 of a cent to close at 6.1 US cents with 40,000 stock units passing through the market, Sterling Investments shed 0.3 of a cent in closing at 1.7 US cents in an exchange of 4,680 stocks, Sygnus Credit Investments lost 0.39 of one cent to end at 5.6 US cents with 26,000 units crossing the market and Transjamaican Highway sank 0.35 of one cent to 4.4 US cents with a transfer of 988,713 stocks.
In the preference share segment, JMMB Group 7.5% added 1 cent to end at US$2.06 after a transfer of 1,500 shares, Sygnus Credit Investments 8% skidded 20 cents in closing at US$11.30 in switching ownership of 5 stock units and Sygnus Credit Investments 8% sank US$1.50 and ended at a 52 weeks low US$8.51 with 236 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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