Trading dived on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Thursday, with a 73 percent drop in the volume of stocks changing hands, having a 52 percent lower value than on Wednesday. Trading resulted in activities in eight securities, compared with 10 on Wednesday, with prices of two rising, four declining and two ending unchanged.

The market closed with an exchange of 870,827 shares for US$59,277 compared to 3,246,465 stocks at US$123,728 on Wednesday.
Trading averaged 108,853 shares at US$7,410, down from 324,647 stocks at US$12,373 on Wednesday, with a month to date average of 282,458 units at US$11,765 compared with 293,308 shares at US$12,037 on the previous day and well above March with an average of 92,288 units for US$8,588.
The US Denominated Equities Index slipped 0.52 points to 223.44. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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 trading, First Rock Real Estate USD share ended at 1.99 US cents with investors trading 24,900 shares, Margaritaville slipped 0.09 of a cent to 8.2 US cents and closed after 5,332 stock units changed hands, Proven Investments lost 0.44 of a cent to finish at 10.56 US cents in an exchange of 306,500 shares. Sygnus Credit Investments increased 1.85 cents and ended at 8.8 US cents with 5,392 units crossing the market, Sygnus Real Estate Finance USD share declined 0.15 of one cent to end at 8.85 US cents after an exchange of 30 stocks and Transjamaican Highway shed 0.02 of one cent to close at 2.38 US cents with a transfer of 516,154 shares.

In the preference segment, JMMB Group US8.5% preference share remained at US$1.028 after an exchange of 12,485 stocks and Productive Business Solutions 9.25% preference share popped 40 cents to end at US$10.40 with 34 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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