Trading drops & JSE USD market slips


Trading ended on Wednesday on the Jamaica Stock Exchange US Dollar Market with a sharp decline in the volume and value of stocks passing through the market, with the volume of traded dropping a hefty 39 percent with a 41 percent lower value than on Tuesday, resulting in exchange of eight securities, down from 10 on Tuesday with prices of two rising, three declining and three ending unchanged.

The market closed with an exchange of 998,749 shares for US$31,588 down from 1,644,221 stocks at US$53,768 on Tuesday. Trading averaged 124,844 shares at US$3,948 much lower than 164,422 stocks at US$5,377 on Tuesday, with a month to date average of 142,725 units at US$4,975 compared with 151,140 stocks at US$5,458 on the previous day and November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index slipped 0.22 points to end at 265.50. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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 dipped 0.03 of a cent to 2.4 US cents with 20,800 stocks changing hands, MPC Caribbean Clean Energy sank 5 cents to end at 55 US cents with a mere 1 unit changing hands, Proven Investments declined 0.1 of a cent to close at 11 US cents with 418 shares clearing the market. Sygnus Real Estate Finance USD share remained at 6 US cents after 6,783 stock units were traded and Transjamaican Highway ended at 2.85 US cents after an exchange of 970,382 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.16 as just 10 stock units crossed the market, Productive Business Solutions 9.25% preference share rallied 90 cents to US$10.50 after an exchange of 100 units and Sygnus Credit Investments US 8% popped 98 cents to finish at US$9.60 with 255 stocks crossing the market after the price hit an intraday 52 weeks’ low of $8.60.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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