JSE USD trading plunges on Monday


The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded declining 74 percent, resulting in a 4 percent lower value than on Friday, following an exchange of nine securities, compared with 12 on Friday, with prices of one rising, two declining and six ending unchanged.

The market closed with an exchange of 62,154 shares for US$12,021, in tumbling from 243,669 stocks at US$12,522 on Friday.
Trading averaged 6,906 shares at US$1,336, declining from 20,306 stocks at US$1,043 on Friday, with a month to date average of 52,202 units at US$2,596, down from 65,791 stocks at US$2,974 on the previous day and September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index popped 0.01 points higher to 193.77. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.3. The PE ratio is calculated based on the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share remained at 2.48 US cents with 41,413 shares changing hands, Margaritaville slipped 0.1 of one cent to 8 US cents with investors trading 186 stock units, Productive Business Solutions ended at 74 US cents with 38 shares switching owners. Proven Investments rallied 0.14 of one cent in closing at 10 US cents with an exchange of 3,191 units, Sterling Investments ended at 2 US cents after an exchange of 1,248 stocks, Sygnus Credit Investments ended at 7.78 US cents after the trading of 354 units. Sygnus Real Estate Finance USD share ended at 5.81 US cents with investors swapping 108 shares and Transjamaican Highway dropped 0.09 of one cent to end at 2.52 US cents after an exchange of 10,616 stock units.
In the preference segment, JMMB Group 7.5% remained at US$2.06 with 5,000 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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