JSE USD market slips on Tuesday


The Jamaica Stock Exchange US dollar market slipped marginally on Tuesday following trading volume jumping 117 percent with a 2,314 percent more value than on Monday, resulting from an exchange of seven securities, compared with eight on Monday, with prices of two rising, two declining and three ending unchanged.

The market closed with an exchange of 206,661 shares for US$67,749, up sharply from 95,221 stocks valued at just US$2,806 on Monday.
Trading averaged 29,523 shares at US$9,678, rising from 11,903 stocks at US$351 on Monday, with a month to date average of 41,089 units at US$2,077, in line with 41,812 shares at US$1,602 on the previous day and well below April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index sank 1.53 points to finish at 247.00. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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 the market, Productive Business Solutions skidded 5 cents to end at US$1.35 with 16 shares passing through the market, Proven Investments advanced 0.05 of one cent to 10.95 US cents with investors trading 4,708 stock units, Sygnus Credit Investments lost 0.5 of one cent to close at 6.7 US cents with an exchange of 47,493 shares. Sygnus Real Estate Finance USD share remained at 8 US cents with investors dealing in 1,361 units and Transjamaican Highway ended at 2.5 US cents after trading of 123,419 stocks.
In the preference segment, JMMB Group 7.5% preferred share popped 1 cent to US$1.98 with investors trading 29,400 shares and Productive Business Solutions 9.25% remained at US$10.11 with 264 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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