More losses for JSE USD Market, down 22%


The Jamaica Stock Exchange US dollar market suffered more losses on Friday with the market closing down 22 percent year to date, resulting from an exchange of eight securities on both Thursday and Friday with one stock rising, two declining and five ending unchanged, following a 258 percent jump in trading volume with a 50 percent lower value than on Thursday.

The market closed with an exchange of 303,408 shares for US$16,030, jumping from 84,860 stocks at US$32,196 on Thursday.
Trading averaged 37,926 shares for US$2,004, rising from 10,608 stocks at US$4,025 on Thursday, with a month to date average of 707,680 stock units at US$20,425, just below the 756,389 shares at US$21,765 on the previous day compared to and May that ended with an average of 71,616 units for just US$3,425.
The US Denominated Equities Index shed 4.62 points to finish at 196.47. 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 10. 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, First Rock Real Estate USD share remained at 1.93 US cents with a transfer of just two shares, Proven Investments fell 0.86 of a cent to 10.2 US cents with investors dealing in 17,026 units, Sygnus Credit Investments shed 0.09 of a cent to end at 7.8 US cents with traders exchanging 32,086 shares over the market. Sygnus Real Estate Finance USD share gained 0.5 of one cent to finish at 7 US cents, with 1,750 stock units switched owners and Transjamaican Highway ended at 2.38 US cents with 248,903 stocks changing hands.
In the preference segment, JMMB Group 7.5% remained at US$1.97, with investors exchanging 1,226 shares. JMMB Group US8.5% ended at US$1.10 after swapping of 2,277 stock units and Sygnus Credit Investments E8.5% ended at US$9.48 after trading of 138 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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