Trading drops on JSE USD Market


The Jamaica Stock Exchange US dollar market closed, with the volume of stocks traded declining 13 percent with a 53 percent lower value on Monday than on Friday, resulting from an exchange of 10 securities, up from seven on Friday with prices of four rising, three declining and three ending unchanged.

The market closed with an exchange of 585,154 shares for US$33,029 with a fall from 669,330 stocks at US$70,066 on Friday.
Trading averaged 58,515 shares at US$3,303 compared to 95,619 stocks at US$10,009 on Friday, with a month to date average of 210,370 units at US$10,219 compared with 222,142 stocks at US$10,756 on the previous day and October with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 5.07 points to conclude trading at 240.73. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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, First Rock Real Estate USD share fell 0.46 of one cent and ended at a 52 weeks’ low of 2.53 US cents with investors dealing in 334 stocks, Margaritaville shed 0.44 of one cent to end at 8.01 US cents in an exchange of 2,089 units, Proven Investments rallied 1 cent to finish at 11 US cents after the trading of 3,722 shares. Sterling Investments increased 0.15 of a cent to end at 1.55 US cents in an exchange of 3,860 stock units, Sygnus Credit Investments ended at 7 US cents with 104,710 shares crossing the market and Transjamaican Highway popped 0.01 of one cent to close at 2.71 US cents with a transfer of 468,453 units.

In the preference segment, JMMB Group 5.75% remained at US$1.80 after 763 stocks passed through the market, Productive Business Solutions 9.25% preference share dropped US$1 and ended at US$9 with investors trading 775 stock units, Sygnus Credit Investments US 8% climbed 16 cents to close at US$10.36 with a mere 1 share clearing the market and Sygnus Credit Investments E8.5% remained at US$10 in trading 447 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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