JSE USD Market drifts lower


The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining 79 percent with a 42 percent lower value than on Tuesday, resulting in an exchange of six securities, down from 10 on Tuesday with prices of one rising, two declining and three ending unchanged.

The market closed with an exchange of 79,091 shares for US$14,862 down from 373,308 stocks at US$25,625 on Tuesday. Trading ended with an average of 13,182 shares at US$2,477 well below the 37,331 stocks at US$2,563 on Tuesday, with a month to date average of 162,621 units at US$7,120 in line with 172,262 stocks at US$7,419 on the previous day compared with January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index popped 2.26 points to finish at 217.41. The Investor’s Choice bid-offer indicator shows two 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 seven. 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, First Rock Real Estate USD share slipped 0.39 of a cent and ended at 2.9 US cents passed through the market 995 stocks, Proven Investments advanced 0.01 of a cent to 11.3 US cents as investors exchanged 21,699 units, Sygnus Credit Investments ended at 7 US cents with 49,236 shares crossing the market and Transjamaican Highway remained at 2.64 US cents with traders dealing in 6,326 stock units.
In the preference segment, Productive Business Solutions 9.25% preference share declined 10 cents in closing at US$10.50 after a transfer of 832 shares and Sygnus Credit Investments US 8% ended at US$9.75 with investors dealing in 3 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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