Trading jumps on JSE USD Market


Trading expanded on the Jamaica Stock Exchange US dollar market closed on Tuesday, with a 149 percent rise in the volume of stocks traded and an 84 percent jump in value over Monday, resulting in an exchange of 12 securities, up from nine on Monday with prices of two rising, five declining and five ending unchanged.

The market closed with an exchange of 430,771 shares for US$49,241 compared to 172,833 stocks at US$26,689 on Monday. Trading averaged 35,898 shares at US$4,103 compared to 19,204 units at US$2,965 on Monday, with a month to date average of 71,852 shares at US$3,731 compared with 87,831 stocks at US$3,566 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index slipped 2.69 points to close at 233.01.The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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, First Rock Real Estate USD share remained at 2.4 US cents with traders dealing in 21,000 stocks, Productive Business Solutions increased 0.01 of one cent and ended at US$1.45 after 7,000 units passed through the market, Proven Investments popped 0.5 of a cent to 12 US cents changing hands 80,310 shares. Sterling Investments dipped 0.03 of one cent to close at 1.72 US cents after the trading of 9,811 stock units, Sygnus Credit Investments ended at 7 US cents with 8,904 shares crossing the market, Sygnus Real Estate Finance USD share ended at 5.9 US cents with an exchange of 73 stocks and Transjamaican Highway slipped 0.06 of one cent to 2.74 US cents with 286,230 units clearing the market.
In the preference segment, JMMB Group US8.5% preferred share declined 14.14 cents and ended at US$1 after a transfer of 15,793 stock units, JMMB Group 5.75% shed 30 cents to end at US$1.70 in switching ownership of 1,374 shares. Productive Business Solutions 9.25% preferred share fell 10 cents in closing at US$10.70 after an exchange of 2 stock units, Sygnus Credit Investments US 8% remained at US$9.50 with investors trading 114 stocks and Sygnus Credit Investments E8.5% remained at US$10 in an exchange of 160 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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