Sluggish trading on JSE US Dollar Market  


Sluggish trading continued on the US Dollar Market of the Jamaica Stock Exchange to start the week on Monday, with the volume of stocks traded declining 23 percent, with a mild slip in value compared to Friday, following an exchange of nine securities, as was the case on Friday, with prices of two rising, none declining and seven ending unchanged.

The market closed with an exchange of 393,635 shares for US$34,946, compared to 510,507 stock units at US$35,262 on Friday.
Trading ended with an average of 43,737 shares at US$3,883 after skidding from 56,723 stock units at US$3,918 on Friday, with a month to date average of 140,915 units at US$11,513, after slipping from 147,912 stock units at US$12,062 on the previous trading day and August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index slipped 0.59 points to wrap up trading at 302.98. 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.
Fhe PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, First Rock Real Estate USD share gained 0.14 of one cent to end at 2 US cents in an exchange of 264 stocks, Margaritaville remained at 4.31 US cents with 11,428 units crossing the market, Proven Investments ended at 5.98 US cents in an exchange of 10,605 shares. Sterling Investments ended at 2.28 US cents with investors swapping 78 stock units, Sygnus Credit Investments popped 0.01 of a cent and ended at 6.79 US cents after a transfer of 1,722 shares and Transjamaican Highway remained at 7 US cents with 365,904 stocks crossing the exchange.
In the preference segment, JMMB Group 7.5% ended at US$2 with investors swapping 1,600 units, JMMB Group US8.5% remained at US$1.23 after 1,734 stock units cleared the market and Sygnus Credit Investments 8% remained at US$9.60 with an exchange of 300 shares.
Prices of securities trading are those of the last transaction.

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