Trading dropped on JSE USD Market


Trading dropped on the Jamaica Stock Exchange US dollar market closed on Monday, with a 78 percent drop in the volume of stocks hanging hands traded with a 93 percent lower value than on Friday and similar the Friday there was activities in six securities resulting in prices of two rising, three declining and one ending unchanged.

The market closed with an exchange of 65,465 shares for US$1,775 compared to 302,404 stocks at US$26,091 on Friday. Trading averaged 10,911 shares at US$296 compared to 50,401 stocks at US$4,349 on Friday, with a month to date average of 487,419 units at US$12,733 down from 512,946 shares at US$13,399 on the previous day and September that ended with an average of 161,382 units for US$5,462.

The US Denominated Equities Index lost 2.76 points to end the day at 223.69. The Investor’s Choice bid-offer indicator shows just one stock ending with a bid higher than the last selling price and one with a lower offer., an indication of the likelihood of a relatively stable market on Tuesday.

The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 market activities, First Rock Real Estate USD share dropped 0.85 of one cent and ended at 3.14 US cents after an exchange of 4,000 units, MPC Caribbean Clean Energy popped 5.99 cents to 70.99 US cents with 10 stocks clearing the market, Proven Investments sank 2.2 cents to end at 9.8 US cents in trading 2,000 shares. Sygnus Credit Investments fell 0.5 of one cent in closing at 6.2 US cents with 4,000 stocks crossing the exchange and Transjamaican Highway increased 0.01 of one cent to finish at 2.15 US cents with investors trading 55,452 shares.

In the preference segment, Sygnus Credit Investments US 8% remained at US$10.30 with just 3 stocks traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com