Trading jumps on the JSE USD Market


Investors were more aggressive in trading stocks on the Jamaica Stock Exchange US Dollar Market on Wednesday, pushing the volume of stocks traded up by 826 percent with an 830 percent greater value than on Tuesday, resulting in the exchange of eight securities, compared with three on Tuesday, with prices of two rising, one declining and five ending unchanged.

The market closed with an exchange of 335,828 shares for US$17,154, increasing sharply over the 36,279 stocks at US$1,844 on Tuesday.
Trading averaged 41,991 shares at US$2,144 compared with 12,093 stocks at US$615 on Tuesday, with a month to date average of 20,601 units at US$2,409, above the 16,712 stocks at US$2,457 on the previous day, but lower than July, which ended with an average of 71,904 units for US$3,475.
The US Denominated Equities Index popped 1.22 points to finish at 206.24. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Productive Business Solutions remained at US$1.18 with trading in 17 shares, Proven Investments ended at 10.5 US cents with investors trading 66,646 units, Sterling Investments dropped 0.01 of a cent to end at 2.11 US cents with 884 stocks crossing the exchange. Sygnus Credit Investments ended at 7 US cents with a transfer of 4,532 shares and Transjamaican Highway rallied 0.03 of one cent and ended at 2.4 US cents with 263,417 stock units crossing the market.
In the preference segment, Productive Business Solutions 9.25% remained at US$10.50 as investors traded 32 shares. Sygnus Credit Investments 8% popped 40 cents to US$9.80 after an exchange of 295 units and Sygnus Credit Investments 8% ended at US$9.50 as 5 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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