Slippage in JSE US Dollar market  


Trading dropped on the Jamaica Stock Exchange US dollar market on Thursday with 48 percent fewer shares changing hands having a 17 percent lower value than on Wednesday, following an exchange of eight securities on both days and ending with prices of three declining and five ending unchanged.

The market closed with an exchange of 80,626 shares for US$9,893 compared to 153,983 stocks at US$11,863 on Wednesday. Trading averaged 10,078 stock units at US$1,237 down from 19,248 stocks at US$1,483 on Wednesday, with a month to date average of 54,555 shares at US$2,931 versus 58,465 stock units at US$3,080 on the previous day and December with an average of 229,957 units for US$7,451.
The US Denominated Equities Index dipped 1.06 points to 238.42. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.2. 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 remained at 2.5 US cents in an exchange of 2,014 units, Productive Business Solutions ended at US$1.45 with investors swapping 30 stocks, Proven Investments skidded 0.9 of a cent to end at 11.9 US cents after an exchange of 13,070 shares. Sterling Investments remained at 1.72 US cents with 37,300 stock units passing through the market, Sygnus Credit Investments ended at 6.9 US cents with 17,183 shares crossing the exchange and Transjamaican Highway sank 0.01 of a cent to close at 2.89 US cents after a transfer of 7,391 stocks.

In the preference segment, JMMB Group US8.5% preference share slipped 0.5 of a cent to US$1.13 with investors dealing in 3,411 units and Productive Business Solutions 9.25% preference share remained at US$10.70 in an exchange of 227 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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