Trading dives on the JSE USD market


The Jamaica Stock Exchange US dollar market closed on Tuesday with a 59 percent plunge in the volume of stock being exchanged, carrying a 58 percent lower value than Monday, following an exchange of 12 securities, compared with 11 on Monday with prices of six rising, two declining and four ending unchanged.

The market closed with a mere 134,176 shares changing hands at just US$5,186, well below the 329,701 stocks at US$12,304 on Monday.
Trading averaged 11,181 shares at US$432, falling from 29,973 stock units at US$1,119 on Monday, with a month to date average of 32,836 units at US$1,443 compared with 36,602 stocks at US$1,619 on the previous day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index rallied 1.77 points to conclude trading at 247.54. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.8. 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 the market, First Rock Real Estate USD share popped 0.01 of one cent in closing at 1.81 US cents with 205 shares crossing the exchange, Margaritaville rose 1.3 cents to 8.2 US cents with investors trading 5,434 units, Productive Business Solutions rallied 2 cents to finish at US$1.40 after traders exchanged 100 stocks. Proven Investments slipped 1.59 cents and ended at 9.4 US cents with 1,008 shares changing hands, Sterling Investments ended at 2 US cents in an exchange of 614 stocks, Sygnus Credit Investments closed at 7.45 US cents with investors trading 3,725 shares. Sygnus Real Estate Finance USD share ended at 8 US cents with traders switching ownership of 32 units and Transjamaican Highway increased 0.03 of a cent to finish at 2.57 US cents, with investors dealing in 122,743 stocks.

In the preference segment, JMMB Group 7.5% preferred share popped 1 cent and ended at US$1.98 after trading of 186 stock units. AS Bryden ended at US$1 with a transfer of 61 shares, Productive Business Solutions 9.25% preference share advanced 16 cents to end at US$10.36 after traders exchanged 27 stock units and Sygnus Credit Investments US 8% sank 6 cents to close at US$8.74 with investors trading 41 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com