Trading drops on the JSE USD Market


Trading activity on the Jamaica Stock Exchange US dollar market dropped on Thursday, with the volume of stocks traded sliding 60 percent and having a 32 percent lower value than on Wednesday, following trading of six securities, compared with seven on Wednesday, with prices of one advancing, two declining and three ending unchanged.

The market closed with an exchange of 88,568 shares for US$13,671, with a drop from 221,759 stocks to US$20,033 on Wednesday.
Trading ended with an average of 14,761 shares at US$2,278, sinking from 31,680 stocks at US$2,862 on Wednesday, with a month to date average of 45,400 units at US$2,592, just around 47,134 stocks at US$2,610 on the previous day and well below June, with an average of 591,343 units for US$19,218.
The US Denominated Equities Index declined 2.58 points to conclude trading at 205.28. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. 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 trading, Proven Investments slipped 0.49 of a cent to 10.5 US cents with investors switching ownership of 41,610 shares, Sterling Investments ended at 2.1 US cents with investors trading 20,150 units, Sygnus Real Estate Finance USD share remained at 5 US cents with 9,883 shares crossing the exchange and Transjamaican Highway sank 0.01 of one cent to 2.45 US cents with investors trading 9,593 stock units.
In the preference segment, JMMB Group US8.5% remained at US$1.09 in an exchange of 7,309 stocks and Sygnus Credit Investments 8% rallied 40 cents in closing at US$9.40 with investors dealing in 23 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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