Stocks gained on the JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Thursday, with a 34 percent decline in the volume of stocks traded, with a 218 percent increase in value compared to Wednesday, resulting in an exchange of nine securities, compared with seven on Wednesday, with prices of five rising, three declining and one ending unchanged.

The market closed with an exchange of 654,501 shares for US$127,810, slipping from 991,036 units at US$40,146 on Wednesday.
Trading averaged 72,722 shares at US$14,201 compared to 141,577 stock units at US$5,735 on Wednesday. Trading for the month to date averaged 159,805 units at US$7,622, falling from 173,089 stocks at US$6,619 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index dipped 0.66 points to close trading at 203.76. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.1. 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 2026.
At the close of the market, Margaritaville climbed 0.31 of one cent to finish at 7.1 US cents with investors dealing in 2,120 shares, Proven Investments dipped 0.4 of a cent and ended at 9.6 US cents with 25,621 stocks clearing the market, Sterling Investments sank 0.06 of a cent to 2.02 US cents after traders exchanged 7,702 shares. Sygnus Credit Investments dropped 0.3 of one cent to close at 7.2 US cents trading 4,368 units and Transjamaican Highway rose 0.03 of a cent in closing at 2.43 US cents in an exchange of 559,946 stock units.
In the preference segment, JMMB Group 7.5% ended at US$2.10, with trading of 6,772 shares. JMMB Group US8.5% rose 0.1 of a cent in closing at US$1.141 with traders switching ownership of 43,470 stock units, Sygnus Credit Investments 8% jumped US$1.49 to close at a 52 week high of US$11.49 after closing with an exchange of 4,500 stocks and Sygnus Credit Investments E8.5% increased US$1.67 to end at a 52 week high of US$11.37 with investors trading a mere 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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