Trading jumps on JSE USD Market


Trading jumped sharply with a 222 percent increase in the volume of stocks changing hands on the Jamaica Stock Exchange US Dollar Market on Tuesday, with a surge of 1,908 percent in value compared to Monday resulting from an exchange of 10 securities, compared with 11 on Monday, with prices of three rising, four declining and three ending unchanged.

The market closed with an exchange of 435,339 shares for US$184,279, up from 135,178 stock units at US$9,177 on Monday, as Productive Business Solutions gobbled up a little over 250,000 shares, valued at $173,082.
Trading ended with an average of 43,534 shares at US$18,428, after leaping from just 12,289 stock units at a mere US$834 on Monday, with a month to date average of 40,100 units at US$6,081, up from 38,993 stock units at US$2,098 on the previous day and June that ended with an average of 625,703 units for US$203,999.
The US Denominated Equities Index climbed 2.72 points to close at 247.12. 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 used measures to determine appropriate stock values, averages 17.8. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, First Rock Real Estate USD share lost 0.41 of a cent to close at 2.35 US cents with 1,199 stocks clearing the market, Margaritaville advanced 0.75 of a cent to 5.75 US cents after an exchange of 116 units, Productive Business Solutions ended at 0.69 cents with trading of 250,844 shares. Proven Investments skidded 0.2 of a cent to end at 6.4 US cents after an exchange of 8,479 stock units, Quantas Advantage ended at 12 US cents with 3,500 shares crossing the market, Sterling Investments remained at 2 US cents following trading of 421 stocks. Sygnus Credit Investments fell 0.06 of a cent to 5.83 US cents after an exchange of 905 units and Transjamaican Highway slipped 0.01 of one cent to end at 5.26 US cents with investors trading 169,725 stock units.
In the preference segment, Sygnus Credit Investments 8% gained 10 cents in closing at US$11.10 in switching ownership of 50 shares and Sygnus Credit Investments 8% ended at US$9.20 with investors dealing in 100 units.
Closing prices of stocks are those of the last transaction.

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