Trading almost dries up on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded declining a hefty 97 percent with a 98 percent lower value than on Wednesday, resulting from an exchange of 10 securities, compared with six on Wednesday, with prices of three stocks rising and seven ending unchanged.

The market closed with an exchange of a mere 15,655 shares for US$569, compared to 514,653 stock units at US$26,484 on Wednesday.
Trading averaged 1,566 shares at US$57, down sharply from 85,776 stocks at US$4,414 on Wednesday, with a month to date average of 24,742 units at US$1,655, well below 33,020 stocks at US$2,225 on the previous day and October that ended with an average of 35,022 units for US$2,855.
The US Denominated Equities Index advanced 4.61 points to finish at 191.63. The Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.4. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2026.
At the close of trading, First Rock Real Estate USD share remained at 3.2 US cents with a transfer of 86 shares, Margaritaville rose 1 cent to 8 US cents, with 222 units changing hands, MPC Caribbean Clean Energy ended at 52 US cents after trading of just 2 shares. Productive Business Solutions ended at 74 US cents, with a mere 5 stocks crossing the market, Proven Investments climbed 0.18 of a cent to end at 10.18 US cents, with investors trading 202 stock units, Sterling Investments remained at 2 US cents with an exchange of 7 shares. Sygnus Credit Investments ended at 7.7 US cents, with 386 units being traded, Sygnus Real Estate Finance USD share remained at 6.39 US cents with investors dealing in 2,806 stocks and Transjamaican Highway increased 0.17 of a cent to end at 2.59 US cents in an exchange of 11,934 stock units.

In the preference segment, AS Bryden ended at US$1 trading 5 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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