Trading drops on the JSE USD Market

The value of stocks traded on the Jamaica Stock Exchange US dollar market jumped on Wednesday, exceeding Tuesday’s level as investors traded 65 percent fewer shares with a 27 percent more value than on Tuesday, resulting in an exchange of 10 securities up from seven on Tuesday with prices of three rising, one declining and six ending unchanged.

The market closed with an exchange of 259,595 shares for US$117,525, compared to 742,788 stocks at US$92,365 on Tuesday. Trading averaged 25,960 shares at US$11,753, down from 106,113 stocks at US$13,195 on Tuesday, with a month to date average of 69,788 units at US$7,756 in alignment with 75,069 stocks at US$7,274 on the previous day and contrasting to February, that ended with an average of 115,433 units for US$5,430. The US Denominated Equities Index popped 3.29 points to finish at 236.90. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer. The PE Ratio, a widely recognised measure for determining appropriate stock values, averages 11.4. The 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, MPC Caribbean Clean Energy ended at 40 US cents and closed with 440 stock units changing hands, Productive Business Solutions popped 3.89 cents to finish at US$1.70 in trading just one share, Proven Investments remained at 10 US cents with an exchange of 49,297 units. Sterling Investments advanced 0.05 of one cent to close at 1.87 US cents with 50 stocks crossing the market, Sygnus Credit Investments ended at 7 US cents after an exchange of 10,003 shares, Sygnus Real Estate Finance USD share stayed at 7.94 US cents with a mere one stock unit traded and Transjamaican Highway fell 0.24 of a cent to 2.33 US cents in an exchange of 145,927 units. In the preference segment, JMMB Group 7.5% preferred share ended at US$2.01 with investors trading 53,056 stocks, JMMB Group US8.5% preference share remained at US$1.03 with 750 units clearing the market and Sygnus Credit Investments US 8% rose 39.99 cents to end at US$9.40 as investors exchanged 70 stocks. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.