Rising stocks crush decliners on JSE USD Market


Investors pumped more money into trading stocks on the Jamaica Stock Exchange US dollar market on Thursday with a 183 percent greater value than Wednesday and purchased 66 percent fewer shares, resulting in the exchange of nine securities, up from seven on Wednesday with prices of seven rising and two declining.

The market closed with an exchange of 112,384 shares for US$52,111 compared to 331,937 stocks at US$18,427 on Wednesday. Trading averaged 12,487 shares at US$5,790 compared to 47,420 stocks at US$2,632 on Wednesday, with a month to date average of 106,969 units at US$4,683 compared with 112,030 stocks at US$4,623 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index bounced 11.11 points to settle at 247.30. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.4. 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 trading, AS Bryden rallied 3.56 cents and ended at 23 US cents with traders dealing in just one stock unit, Proven Investments sank 0.55 of one cent to 12 US cents as 35,714 shares passed through the market, Sygnus Credit Investments shed 0.4 of a cent to end at 6.6 US cents with investors swapping 20,293 units. Sygnus Real Estate Finance USD share rose 0.1 of one cent in closing at 6 US cents with 1,071 stocks clearing the market and Transjamaican Highway climbed 0.06 of a cent to close at 2.76 US cents in trading 19,977 shares.
In the preference segment, JMMB Group US8.5% preference share increased by 1 cent to finish at US$1.03 after an exchange of 26,404 stock units. JMMB Group 5.75% popped 1 cent and ended at US$1.71 with investors trading 8,500 units, Productive Business Solutions 9.25% preference share advanced 12 cents to US$10.70 with 90 stocks crossing the exchange and Sygnus Credit Investments US 8% gained 1.99 cents to end at US$9.42 with a transfer of 334 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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