Trading dips on JSE US Dollar Market

Trading dipped on the US Dollar Market of the Jamaica Stock Exchange on Thursday, with a moderate slippage in the volume traded with a 21 percent lower value than on Wednesday, following an exchange of nine securities, compared with seven on Wednesday, with prices of one rising, four declining and four ending unchanged.

The market closed with an exchange of 1,237,260 shares valued at US$93,191 after sliding from 1,277,677 stock units at US$117,937 on Wednesday.
An average of 137,473 shares were traded at US$10,355, after ended with an decline from 182,525 stock units at US$16,848 on Wednesday. Trading month to date ended with an average of 96,473 units at US$8,241, up from 90,883 stock units at US$7,953 on the previous day and August that ended with an average of 115,072 units for  
The US Denominated Equities Index dropped 1.71 points to wrap up trading at 315.58. 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.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.5. 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 2026.
At the close of trading, AS Bryden dipped 0.1 of a cent in closing at 16.9 US cents with 50 stock units passing through the market, Margaritaville ended at 5.89 US cents after trading of a mere one share, Productive Business Solutions remained at 85 US cents with one stock clearing the market. Proven Investments fell 0.03 of a cent to 5.6 US cents after a transfer of 92,720 stocks, while Quantas Advantage remained at 13 US cents with 1,828 stocks crossing the market, Sterling Investments ended at 2.2 US cents after exchanging 150 units. Sygnus Credit Investments gained 0.19 of a cent to close at 5.89 US cents in trading juts one share and Transjamaican Highway dropped by 0.23 of one cent and ended at 7.35 US cents with 1,142,244 stock units crossing the market.
In the preference segment, Sygnus Credit Investments 8% lost 80 cents, closing at US$10, with investors trading 265 shares.
Prices of securities trading are those of the last transaction.

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