Trading dips on JSE US Dollar Market 


Trading activity spiked on the US Dollar Market of the Jamaica Stock Exchange on Thursday, relative to Wednesday, with the volume of stocks traded climbing 139 percent with a 179 percent jump in value compared to Wednesday, resulting from an exchange of eight securities on Thursday and Wednesday, with prices of four rising, one declining and three ending unchanged.

The market closed with an exchange of 520,462 shares for US$43,778 after surging from 218,169 stock units at US$15,689 on Wednesday.
Trading ended with an average of 65,058 shares at US$5,472, for an increase from 27,271 stock units at US$1,961 on Wednesday. Trading for the month to date averages 128,766 units at US$10,529, just a bit lower than the 132,097 stock units at US$10,793 on the previous day and compared with an average of 115,072 units for US$12,480 during August.
The US Denominated Equities Index skidded 1.55 points to finish at 302.25. 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 used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing a stock’s last traded price by the earnings per share for the financial year ending around August 2027.
At the close of trading, Proven Investments ended at 6 US cents after an exchange of 96,200 stock units, Quantas Advantage rallied 2.44 cents to 14.94 US cents with a transfer of 81,302 shares, Sterling Investments remained at 2.28 US cents with 169 stocks passing through the market. Sygnus Credit Investments closed at 7 US cents after investors swapped 44,053 shares and Transjamaican Highway shed 0.06 of a cent to end at 6.76 US cents with 298,380 shares crossing the market.

In the preference segment, JMMB Group 7.5% gained 10 cents to close at US$2.10 in switching owners of 108 units, Productive Business Solutions 9.25% rose 55 cents to US$12.10 with investors trading 200 stocks and Sygnus Credit Investments E8.5% remained at US$10 after a transfer of 50 stock units.
Prices of securities trading are those of the last transaction.

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