Trading dives on JSE USD Market

Trading dropped back from Wednesday’s heavy trading that was fuelled by a big volume of Transjamaican Highway shares, with trading on Thursday on the Jamaica Stock Exchange US dollar market closed, with the volume of stocks declining 98 percent with a 96 percent lower value than on Wednesday, resulting in an exchange of seven securities, compared to four on Wednesday with prices of two rising, two declining and three ending unchanged.
The market closed with an exchange of 250,561 shares for US$10,284 compared to 12,237,755 units at US$232,672 on Wednesday.
Trading averaged 35,794 shares at US$1,469 down from 3,059,439 shares at US$58,168 on Wednesday, with a month to date average of 306,160 shares at US$8,524 compared to 324,358 units at US$8,998 on the previous day and July that ended with an average of 30,304 stocks for US$2,118.
The US Denominated Equities Index rose 1.45 points to wrap up trading at 228.13.
The PE Ratio, the well used measure to determine appropriate stock values, averages 7.7. 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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share slipped 0.25 of a cent to finish at 4 US cents in switching ownership of 6,820 units, Proven Investments ended at 9.8 US cents after 968 stocks passed through the market, Sterling Investments sank 0.08 of a cent to close at 1.5 US cents with investors trading 800 shares. Sygnus Credit Investments popped 0.24 of a cent and ended at 7.34 US cents after a transfer of 1,500 stock units and Transjamaican Highway increased 0.09 of a cent in closing at 1.99 US cents in trading 237,465 shares.
In the preference segment, JMMB Group 5.75% remained at US$1.70, with 3,001 units crossing the exchange and Sygnus Credit Investments E8.5% ended at US$10.15 with a transfer of 7 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.