Trading drops on the JSE USD Market


Declining stocks ended trading with a 3 to 1 advantage over advancing stocks as market activity slowed on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with trading of nine securities, up from seven on Monday, with prices of two rising, six declining and one ending firm, resulting in a rise in the USD Index. The volume and the value of stocks traded declined from Monday’s levels at the close.

The market closed with an exchange of 236,327 shares, down 67 percent from 709,279 stock units on Monday, resulting in a value of US$16,739 after tumbling 62 percent from US$43,937 on Monday.
Trading averaged 26,259 shares at US$1,860 down from 101,326 stock units at US$6,277 on Monday. The market ended the month to date averaging 60,823 units at US$5,263 after sliding from 72,344 stock units at US$6,397 the preceding day and an average of 120,090 units for US$9,981.in September.
The US Denominated Equities Index advanced 0.95 points to settle at 283.98. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 17. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close of trading, First Rock Real Estate USD share dipped 0.57 of a cent to 1.85 US cents with 5,500 units passing through the market, Margaritaville slipped 0.4 of one cent to finish at 5.6 US cents with a transfer of 493 stocks, Proven Investments declined 0.01 of a cent and ended at 5.75 US cents after trading of 4,651 shares. Sterling Investments ended at 2.1 US cents in switching owners of 5,265 stock units, Sygnus Credit Investments rose 0.25 of one cent in closing at 6.9 US cents with investors trading 32,988 shares, Sygnus Real Estate Finance USD share shed 0.39 of a cent to end at 4.6 US cents with 500 units crossing the exchange and Transjamaican Highway dropped 0.23 of one cent in closing at 6.21 US cents in trading 186,689 stocks.
In the preference segment, Sygnus Credit Investments 8% climbed 15 cents to US$10, with 150 stock units crossing the market and Sygnus Credit Investments 8% lost 20 cents to end at US$9.60 as investors exchanged 91 shares.
Prices of securities trading are those of the last transaction.

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