Trading drops on JSE USD Market


Trading dropped on the Jamaica Stock Exchange US dollar market on Monday, with a 68 percent plunge in the exchange of shares with the value 56 percent lower than on Friday, resulting in trading of seven securities, compared to six on Friday with prices of two rising, two declining and three ending unchanged.

The market closed with an exchange of 121,661 shares for US$8,414 compared to 386,222 units at US$19,062 on Friday.

Trading averaged 17,380 shares at US$1,202 compared to 64,370 stocks at US$3,177 on Friday, with a month to date average of 61,305 units at US$3,410 compared with 66,999 shares at US$3,696 on the previous day and September that ended with an average of 161,382 units for US$5,462.

The US Denominated Equities Index popped 1.68 points to settle at 222.28. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and one with a lower offer

The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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 2025.

At the close of market activities, Margaritaville ended at 10 US cents with an exchange of 1,100 stock units, Proven Investments rallied 1 cent to 10 US cents with 9,140 shares crossing the market, Sterling Investments shed 0.05 of a cent to 1.5 US cents after a transfer of 6,000 units. Sygnus Credit Investments fell 0.02 of one cent to close at 7.28 US cents after 32,734 stocks passed through the exchange, Sygnus Real Estate Finance USD share remained at 5.5 US cents with investors swapping 19,900 shares and Transjamaican Highway remained at 2.05 US cents in switching ownership of 50,224 stock units.

In the preference segment, JMMB Group US8.5% preference share inched 1 cent higher to US$1.09 as investors exchanged 2,563 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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