Trading climbs on the JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Friday, with a 94 percent jump in the volume of stocks traded, having 428 percent more value than on Thursday, resulting from an exchange of seven securities, down from 10 on Thursday, with prices of one rising and six unchanged.

The market closed with an exchange of 30,428 shares for US$3,003, compared to 15,655 stocks at US$569 on Thursday.
Trading averaged 4,347 shares at US$429 compared to just 1,566 stocks at US$57 on Thursday, with a month to date average of 21,570 units at US$1,464 compared with 24,742 stocks at US$1,655 on the previous day and October that ended with an average of 35,022 units for US$2,855.
The US Denominated Equities Index rallied 0.46 points to finish at 192.26. 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 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 the financial year ending around August 2026.
At the close, Margaritaville remained at 8 US cents after 754 shares passed through the exchange, Productive Business Solutions ended at 74 US cents with investors trading just one stock, Proven Investments remained at 10.18 US cents, with 1,954 shares crossing the market. Sygnus Real Estate Finance USD share ended at 6.39 US cents after an exchange of a mere one unit and Transjamaican Highway popped 0.03 of a cent in closing at 2.62 US cents with investors trading 26,683 stock units.
In the preference segment, JMMB Group US8.5% remained at US$1.15 in an exchange of 938 shares and Sygnus Credit Investments 8% ended at US$10, with 97 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com