Trading drops on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Thursday, with an 86 percent drop in the volume of stocks traded, accompanied by a 75 percent decline in value, resulting in an exchange of 12 securities, compared with eight on Wednesday and resulting in prices of four rising, four declining and four ending unchanged.

The market closed with an exchange of 107,676 shares for US$8,375 compared to 787,325 stocks at US$33,574 on Wednesday.
Trading ended with an average of 8,973 shares at US$698 compared to 98,416 stocks at US$4,197 on Wednesday, with a month to date average of 40,405 units at US$3,203 compared with 43,352 stocks at US$3,438 on the previous day and September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index rallied 2.90 points to settle at 196.53. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.5. The PE ratio is computed, with the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close, First Rock Real Estate USD share, ended at 3.2 US cents with an exchange of a mere three units, Margaritaville remained at 7 US cents, with 69 stock units crossing the market, Productive Business Solutions rose 4 cents to finish at 74 US cents in trading just one share. Proven Investments dipped 0.03 of a cent and ended at 10.25 US cents after it closed with an exchange of 8,737 units, Sterling Investments ended at 2 US cents in switching ownership of 249 stocks, Sygnus Credit Investments rallied 0.74 of a cent in closing at 7.74 US cents, with 2,987 units crossing the market, Sygnus Real Estate Finance USD share sank 0.39 of one cent to 6 US cents with traders dealing in 3,079 shares and Transjamaican Highway shed 0.02 of a cent to finish at 2.75 US cents after a transfer of 92,115 stock units.

In the preference segment, AS Bryden remained at US$1 with investors swapping 2 stocks. Productive Business Solutions 9.25% popped 50.31 cents to end at US$11, after 226 units passed through the market, Sygnus Credit Investments 8% climbed US$1.47 in closing at a 52 weeks high of US$10.50, with investors trading 85 shares and Sygnus Credit Investments E8.5% fell 5 cents to close at US$9.95 after an exchange of 123 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com