Trading climbs sharply on JSE USD Market


The Jamaica Stock Exchange US Dollar market closed on Tuesday, with a sharp 511 percent jump in the volume of stocks traded, having a 267 percent greater value than on Monday, resulting in an exchange of nine securities, similar to trading on Monday, with prices of three rising, two declining and four ending unchanged.

The market closed with an exchange of 379,474 shares for US$44,058, rising from 62,154 stocks at US$12,021 on Monday.
Trading averaged 42,164 shares at US$4,895, after soaring from a mere 6,906 stocks at US$1,336 on Monday, with a month to date average of 50,320 units at US$3,027, comparing favourably with 52,202 stocks at US$2,596 on the previous day and down from September, with an average of 127,542 units for US$6,557.
The US Denominated Equities Index dropped 0.78 points to conclude trading at 192.99. 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 9.3. 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, AS Bryden shed 0.5 of a cent to close at 18 US cents with 146,835 shares clearing the market, First Rock Real Estate USD share lost 0.01 of a cent to finish at 2.47 US cents with a transfer of 652 stocks, Margaritaville popped 0.2 of a cent and ended at 8.2 US cents with just 3 shares crossing the market. Proven Investments remained at 10 US cents in an exchange of 392 units, Sterling Investments ended at 2 US cents with 54 stock units crossing the market, Sygnus Credit Investments remained at 7.78 US cents with investors trading 522 shares and Transjamaican Highway rallied 0.12 of one cent to 2.64 US cents after an exchange of 225,486 stock units.
In the preference segment, JMMB Group 7.5% ended at US$2.06 with 5,500 stocks changing hands and Productive Business Solutions 9.25% increased by 60 cents in closing at US$10.80 in an exchange of 30 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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