Trading drops on JSE USD market


Trading pulled back on the Jamaica Stock Exchange USD market on Monday with the volume of stocks traded declining 7 percent with a 41 percent lower value than on Friday, resulting in the trading of 10 securities, up from five on Friday and ending with the price of one advancing, four declining and five ending unchanged.

The market closed with an exchange of 648,661 shares for US$55,393 down from 694,093 stocks at US$93,230 on Friday.
Trading ended with an average of 64,866 shares at US$5,539 well below the 138,819 stocks that were exchanged for US$18,646 on Friday, with a month to date average of 72,210 units at US$6,729 and aligned with 73,323 stocks at US$6,909 on the previous trading day compared with February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index declined 2.11 points to cease trading at 232.94. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11. 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 rose 0.08 of a cent in closing at 2.08 US cents with investors trading 30 units, MPC Caribbean Clean Energy remained at 40 US cents after an exchange of 125 stocks, Proven Investments slipped by 1 cent to finish at 10 US cents with 215,990 shares passing through the market. Sterling Investments dipped 0.28 of one cent and ended at 1.58 US cents with a transfer of 15,090 stock units, Sygnus Credit Investments ended at 7 US cents with 348 shares clearing the market, Sygnus Real Estate Finance USD share closed at 7.94 US cents with an exchange of 709 stocks and Transjamaican Highway lost 0.2 of one cent to 2.29 US cents with 407,697 stocks crossing the market.

In the preference segment, JMMB Group 7.5% preferred share remained at US$2.01 as investors exchanged 7,188 units, JMMB Group US8.5% preference share dipped 1 cent to finish at US$1.03 with 484 stocks changing hands and Sygnus Credit Investments US 8% ended at US$9 with investors swapping 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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