Trading drops on the JSE USD market  

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Trading dropped sharply on the Jamaica Stock Exchange USD market on Friday, with an 87 percent decline in the volume of stocks traded and a 77 percent fall in value compared with Thursday, resulting in the exchange of six securities, the same as Thursday with prices of one rising, four declining and one ending unchanged.

The market closed with an exchange of 99,769 shares for US$4,828 down from 786,467 stock units at US$21,436 on Thursday. Trading concluded with an average of 16,628 shares at US$805 versus 131,078 stocks at US$3,573 on Thursday, with a month to date average of 114,668 units at US$3,918 down from 122,512 stock units at US$4,167 on the previous day and November that ended with an average of 186,934 stock units for US$9,182. The US Denominated Equities Index dipped 0.09 points to 228.44. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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 dipped 0.05 of a cent to end at 11 US cents with 4,112 stocks trading, Sterling Investments ended at 1.56 US cents with the trading of 2,219 units and Transjamaican Highway fell 0.18 of a cent to finish at 2.61 US cents with investors exchanging 93,134 shares. In the preference segment, JMMB Group US8.5% preference share popped 5.8 cents and ended at US$1.158 in an exchange of a mere 7 stock units, JMMB Group 5.75% shed 2 cents to close at US$1.80 in the trading of 147 shares and Productive Business Solutions 9.25% preference share lost 4 cents to close at US$10.20 in an exchange of 150 stock units. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.