Trading dives on JSE USD Market

Trading ended with a 74 percent decline in the volume of stocks traded on Jamaica Stock Exchange US dollar market on Friday, with a 85 percent lower value than on Thursday, resulting from an exchange of six securities, compared to four on Thursday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 207,924 shares for US$7,317 down from 810,331 units at US$50,222 on Thursday.
Trading averaged 34,654 stock units at US$1,220 compared to 202,583 shares at US$12,556 on Thursday, with a month to date average of 345,970 shares at US$8,349 compared with 381,213 units at US$9,156 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index skidded 0.57 points to lock up trading at 219.56.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the end of market activity, Proven Investments dipped 0.62 of one cent to finish at 10.1 US cents in an exchange of 19,800 stocks, Sterling Investments remained at 1.51 US cents with investors trading 16,000 stock units, Sygnus Credit Investments climbed 0.5 of one cent and ended at 7 US cents after 772 shares crossed the market and Transjamaican Highway sank 0.09 of a cent to close at 1.89 US cents with investors swapping 171,002 stock units.
In the preference segment, JMMB Group 5.75% ended at US$1.85 with trading of 200 shares and Sygnus Credit Investments E8.5% increased 0.01 of a cent to end at US$9.5002 with investors dealing in 150 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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