Trading jumps on JSE US Dollar Market  


The Jamaica Stock Exchange US dollar market settled lower on Wednesday, as the volume of stocks traded rose by 169 percent and the value 10 percent higher than on Tuesday, as the market closed with trading in six securities, down from eight on Tuesday with prices of three rising, two declining and one ending unchanged.

The market closed with an exchange of 782,822 shares for US$56,379, jumping from 291,466 stock units at US$51,106 on Tuesday.
Trading averaged 130,470 shares at US$9,396, increasing from 36,433 stock units at US$6,388 on Tuesday, with a month to date average of 814,882 units at US$23,156 compared with 857,658 stocks at US$24,016 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index shed 0.67 points to 210.94. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.1. 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 the market, Margaritaville fell 0.2 of one cent to 8 US cents with a transfer of 1,377 shares, Proven Investments gained 0.04 of a cent and ended at 10.07 US cents with 52,839 stocks changing hands, Sygnus Credit Investments dipped 0.5 of a cent to close at 7 US cents with investors swapping 315,000 units and Transjamaican Highway popped 0.01 of one cent to finish at 2.38 US cents with traders switching ownership of 409,230 shares.
In the preference segment, JMMB Group US8.5% rallied 7 cents in closing at US$1.10 after an exchange of 2,723 stock units and Sygnus Credit Investments E8.5% ended at US$9.48 with 1,653 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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