JSE USD market trading plummeted


Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded dropping 71 percent, with a 75 percent lower value than on Tuesday, resulting in an exchange of nine securities, down from 13 on Tuesday, with prices of one rising, six declining and two ending unchanged.

The market closed with an exchange of 631,514 shares for US$47,545 compared to 2,201,110 stock units at US$192,691 on Tuesday.
Trading averaged 70,168 shares at US$5,283, down sharply from 169,316 units at US$14,822 on Tuesday, with a month to date average of 321,017 stock units at US$13,206 compared with 344,782 shares at US$13,956 on the previous day and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index slipped 2.88 points to close at 225.89. 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 frequently used measures to determine appropriate stock values, averages 11.3. 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 day, First Rock Real Estate USD share dropped 0.01 of one cent to close at 1.99 US cents with traders dealing in 746 shares, Productive Business Solutions fell by 4 cents to US$1.41 after an exchange of 18 units, Proven Investments ended at 11 US cents with 27,469 stocks crossing the market. Sterling Investments dipped 0.01 of a cent to end at 1.95 US cents in switching ownership of 9,728 shares, Sygnus Credit Investments slipped 0.9 of a cent and ended at 6.1 US cents after 37,253 stock units passed through the market and Transjamaican Highway remained at 2.51 US cents with 528,962 shares crossing the exchange.

In the preference segment, JMMB Group US8.5% preference share skidded 0.1 of a cent to close at US$1.034 with a transfer of 27,280 stock units, Sygnus Credit Investments US 8% lost 45.22 cents to finish at US$8.25 with an exchange of 20 units and Sygnus Credit Investments US 8% climbed 5.1 cents and ended at US$8.651 in trading 38 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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