Trading drops on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining 21 percent with a 78 percent lower value than on Tuesday, resulting in an exchange of nine securities, compared with nine on Tuesday, with prices of one rising, two declining and six ending unchanged.

The market closed with an exchange of 299,306 shares for US$9,514 compared to 379,474 stocks at US$44,058 on Tuesday.
Trading averaged 33,256 shares worth US$1,057, decreasing from 42,164 stocks at US$4,895 on Tuesday, with a month to date average of 47,626 units at US$2,716, down slightly from 50,320 stocks at US$3,027 on the previous day and September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index sank 1.15 points to wrap up trading at 191.84. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.3. 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 2026.
At the close of the market, First Rock Real Estate USD share remained at 2.47 US cents after a transfer of 5 shares, Productive Business Solutions ended at 74 US cents closing with 4 stocks, Proven Investments remained at 10 US cents after traders exchanged 2,100 units. Sterling Investments ended at 2 US cents with investors swapping 9 shares, Sygnus Credit Investments remained at 7.78 US cents in an exchange of 25,398 stock units, Sygnus Real Estate Finance USD share ended at 5.81 US cents with trading of 3,978 shares and Transjamaican Highway dipped 0.09 of a cent and ended at 2.55 US cents with an exchange of 267,767 stock units.
In the preference segment, JMMB Group US8.5% increased 10 cents to US$1.28 with 25 units passing through the market and Sygnus Credit Investments E8.5% sank 6 cents to close at US$9.89 as investors exchanged 20 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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