Trading jumps on JSE USD Market


Trading jumped sharply on the Jamaica Stock Exchange US Dollar Market on Thursday, with a 98 percent jump in volume and an 82 percent rise in value over the outcome on Wednesday. Trading ended with an exchange of just six securities, compared with seven on Wednesday, with prices of one rising, three declining and two ending unchanged.

The market closed with an exchange of 516,470 shares for US$15,861, climbing from 260,903 stocks at US$8,733 on Wednesday.
Trading averaged 86,078 shares at US$2,643, up from 37,272 stock units at US$1,248 on Wednesday, with a month to date average of 37,436 units at US$2,350, after increasing marginally from 35,321 shares at US$2,337 on the previous day, compare to October that ended with an average of 35,022 units for US$2,855.
The US Denominated Equities Index fell 1.17 points to 202.25. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 8.2. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2026.
At the close of trading, Margaritaville remained at 8 US cents after a transfer of 20 shares, Proven Investments lost 0.95 of one cent to close at 9.05 US cents with 354 stocks switching owners, Sygnus Credit Investments ended at 7 US cents with investors trading 2,821 shares. Sygnus Real Estate Finance USD share rose 0.83 of a cent to close at 5.83 US cents after an exchange of 6 stock units and Transjamaican Highway sank 0.01 of one cent and ended at 3.07 US cents with investors dealing in 513,172 units.

In the preference segment, JMMB Group 7.5% dropped 1.45 cents to finish at US$2.02 with 97 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise

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