Trading jumps on JSE USD Market

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The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded rising 880 percent with a 105 percent more value than on Friday, resulting in exchange of nine securities, compared with seven on Friday with stock rising, declining and trading firm shared equally in the number of stocks traded at 3 each.

The market closed with an exchange of 524,976 shares for US$54,479 well above the 53,579 stocks that traded at US$26,575 on Friday. Trading averaged 58,331 shares at US$6,053 up from 7,654 stocks at US$3,796 on Friday, with a month to date average of 188,519 units at US$8,004 pretty much in line with 204,353 stocks at US$8,241 on the previous day and January that ended with an average of 103,137 units for US$4,549. The US Denominated Equities Index lost 1.76 points to close at 216.68. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer. The PE Ratio, one of the best known measures to determine appropriate stock values, averages seven. 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 3.29 US cents with an exchange of 1,000 stock units, Proven Investments shed 0.57 of a cent to finish at 11.33 US cents with 286,645 shares clearing the market, Sterling Investments dropped 0.13 of a cent and ended at 1.73 US cents with a transfer of 10,796 stocks. Sygnus Credit Investments rallied 0.5 of a cent to close at 7 US cents after 6,974 units crossed the market and Transjamaican Highway lost 0.01 of one cent to end at 2.66 US cents with traders dealing in 206,496 shares. In the preference segment, JMMB Group US8.5% preference share ended at US$1.16 as 12,298 units passed through the market. JMMB Group 5.75% rose 1 cent to US$2 with investors swapping 752 stocks, Productive Business Solutions 9.25% preference share gained 20 cents to end at US$10.60 crossing the market 5 stock units and Sygnus Credit Investments E8.5% ended at US$9.95 in an exchange of 10 shares. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.