Trading drops on JSE USD Market 


Trading fell on the Jamaica Stock Exchange US dollar market on Thursday with the volume of stocks traded declining by a hefty 84 percent, accompanied by a 64 percent lower value than on Wednesday, following an exchange of seven securities, down from 10 on Wednesday with prices of three rising, two declining and two ending unchanged.

The market closed with an exchange of 154,390 shares for US$9,049, sharply lower than the 955,101 stocks at US$24,981 on Wednesday. Trading averaged 22,056 shares at US$1,293, falling from 95,510 stocks at US$2,498 on Wednesday, with a month to date average of 38,461 units at US$1,540 in line with 39,723 stocks at US$1,559 on the previous day in contrast to April that ended with an average of 261,717 stock units for US$10,686 The US Denominated Equities Index rallied 2.23 points to close trading at 246.93. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers. The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 12. 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 the market, First Rock Real Estate USD share ended at 1.98 US cents with investors trading 301 shares, Proven Investments advanced 0.95 of a cent to 10.95 US cents with 2,002 stock units crossing the market, Sygnus Credit Investments declined 0.01 of one cent to finish at 7.44 US cents with trading of 133 shares and Transjamaican Highway fell 0.04 of one cent and ended at 2.46 US cents as 151,000 stocks crossed the market.
In the preferred segment, JMMB Group US8.5% remained at US$1.10 with investors swapping 500 units, Productive Business Solutions 9.25% popped 11 cents to close at US$10.11 with traders switching owners of 413 shares and Sygnus Credit Investments US 8% gained 91 cents to US$9.72 with 41 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com