Trading drops on JSE USD market


The level of trading plunged on the Jamaica Stock Exchange USD market on Wednesday, with the volume of stocks traded falling 87 percent with an 89 percent lower value than Tuesday, resulting in an exchange of eight securities, down from 11 on Tuesday with prices of four rising, two declining and two ending unchanged.
The market closed with an exchange of 116,069 shares for a mere US$3,778 compared with 914,504 stock units at US$33,725 on Tuesday. Trading averaged 14,509 shares at just US$472 down from 83,137 stock units at US$3,066 on Tuesday, with the month to date averaging 121,767 shares for US$4,219 versus 135,833 stocks at US$4,711 on the previous day and November  with an average of 186,934 units for US$9,182. The US Denominated Equities Index dipped 0.16 points to conclude trading at 229.66. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers. 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 activity, First Rock Real Estate USD share ended at 2.4 US cents in an exchange of 16,450 stocks, Margaritaville skidded 1.02 cents to 52 weeks’ low of 5.78 US cents with investors dealing in 3,784 units, Proven Investments remained at 11.05 US cents with 9 shares crossing the market. Sterling Investments popped 0.01 of one cent to finish at 1.32 US cents with trading in 4,414 stocks, Sygnus Credit Investments rose 0.4 of one cent and ended at 7 US cents after an exchange of 10,698 shares and Transjamaican Highway sank 0.03 of one cent to close at 2.67 US cents in trading 80,701 units. In the preference segment, JMMB Group 5.5% climbed 17 cents to US$2.07 after an exchange of a mere one stock and Productive Business Solutions 9.25% preference share rose 4 cents and ended at US$10.24 with trading in 12 stock units. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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