More declines for JSE USD Market


The Jamaica Stock Exchange US dollar market benefitted from an increase of investable funds passing through the market on Friday than the previous day as trading ended with 98 percent more value, resulting in a 38 percent drop in the volume of stocks traded, resulting in the exchange of eight securities, similar to Thursday with prices of four rising, one declining and three ending unchanged.

The market closed with an exchange of 206,473 shares for US$22,674 compared with 333,718 stocks at US$11,447 on Thursday.
Trading averaged 25,809 shares at US$2,834 compared to 41,715 stock units at US$1,431 on Thursday, with trading month to date averaging 144,693 shares for US$6,426 compared with 153,581 stocks at US$6,694 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index dropped 1.84 points to conclude trading at 211.82, down 16 percent for the year to date. 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 6.7. 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, First Rock Real Estate USD share gained 0.04 of one cent in closing at 2.75 US cents after 167,043 stock units passed through the market, Productive Business Solutions ended at US$1.37 in an exchange of 75 shares, Proven Investments rose 0.61 of a cent and ended at 11.9 US cents with traders dealing in 81 units. Sygnus Credit Investments advanced 0.08 of a cent to end at 6.98 US cents 140 stocks crossing the market, Sygnus Real Estate Finance USD share remained at 7.94 US cents after an exchange of 398 shares and Transjamaican Highway closed at 2.5 US cents with 36,678 stocks clearing the market.
In the preference shares segment, Productive Business Solutions 9.25% preference share popped 10 cents to US$10.60 after trading of 18 units and Sygnus Credit Investments E8.5% sank US$1.4925 to end at a 52 weeks’ low of US$8.4575 with investors dealing in 2,040 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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