Slower paced JSE USD market


The Jamaica Stock Exchange US dollar market closed on Tuesday, with a slower trading pace, following the heightened levels on Monday, with trading resulting in a 99 percent drop in volume of stocks traded accompanied by a 95 percent fall in value compared to Monday and ending with the exchange of nine securities, compared with seven on Monday and finished with prices of three rising, three declining and three ending unchanged.

The market closed with an exchange of 296,466 shares for US$32,601, sharply down from the Transjamaican boosted 20,195,931 stocks that traded at US$634,902 on Monday.
Trading averaged 32,941 shares at US$3,622, well below the 2,885,133 stocks at US$90,700 on Monday, with a month to date average of 448,367 units at US$16,790 compared with 541,837 stocks at US$19,752 on the previous day and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index climbed 1.29 points to close at 214.20. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the frequently used measures to determine appropriate stock values, averages 11. 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 rose 0.05 of a cent to 1.7 US cents with 15,000 shares changing hands, MPC Caribbean Clean Energy skidded 1 cent in closing at a 52 weeks’ low of 39 US cents in an exchange of 10 stock units, Proven Investments ended at 10.5 US cents with 6,813 shares crossing the market. Sterling Investments gained 0.05 of one cent to finish at 1.9 US cents after an exchange of 2,490 units, Sygnus Credit Investments popped 0.9 of one cent and ended at 6.9 US cents with 32,794 stocks passing through the market and Transjamaican Highway fell 0.05 of a cent to end at 2.5 US cents with investors swapping 217,437 shares.
In the preferred segment, JMMB Group US8.5% preference share remained at US$1.028 with 21,785 stocks crossing the exchange, Productive Business Solutions 9.25% preference share declined 45 cents and ended at US$10.15 with investors trading 100 units and Sygnus Credit Investments E8.5% ended at US$9.80 after an exchange of 37 stock units after trading at an intraday 52 weeks’ low of $8.33.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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