Trading drops on the JSE USD Market


The Jamaica Stock Exchange US Dollar Market closed on Thursday, following a 90 percent drop in the volume traded after a 47 percent dip in market value from Wednesday, resulting from an exchange of nine securities, up from seven on Wednesday with prices of just one rising, four declining and four ending firm.

The market closed with an exchange of 85,869 shares for US$27,494 after dropping from 841,584 stock units at US$51,462 on Wednesday.
Trading ended with an average of 9,541 shares at US$3,055, down from 120,226 stock units at US$7,352 on Wednesday. Month to date trading averages 846,386 units at US$52,838, down from 903,014 stock units at US$56,207 the previous day and an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index dipped by 5.05 points to 281.64. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the frequently used measures to calculate stock values, averages 16.3. 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 financial years ending around August 2027.
At the close of market activity, AS Bryden ended at 15.99 US cents with 13 stock units changing hands, First Rock Real Estate USD share remained at 2 US cents as investors exchanged 5,811 shares, Margaritaville climbed 0.19 of one cent to finish at 6.09 US cents with 18,000 units clearing the market. Proven Investments slipped 0.01 of one cent in closing at 5.62 US cents with a transfer of 4,405 stocks, Quantas Advantage fell 2.32 cents to end at 13.18 US cents with investors swapping 600 units, Sterling Investments declined by 0.25 of one cent in closing at 2 US cents with a transfer of 25,000 stocks and Transjamaican Highway dropped 0.1 of one cent to close at 6.3 US cents after a transfer of 9,477 shares.

In the preference segment, JMMB Group US8.5% remained at US$1.22 with trading of 22,554 stock units and AS Bryden 6% ending at US$1 with 9 shares crossing the exchange.
Prices of securities trading are those of the last transaction.

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