Trading jumps on the JSE USD Market


The Jamaica Stock Exchange US dollar market climbed higher on Tuesday, with the volume of stocks traded rising by 28 percent and the value spiking by 306 percent over Monday’s trade, resulting from an exchange of 11 securities, compared with five on Monday, with price movements ending mixed, with prices of four stocks advancing, six declining and one ending unchanged and nudging the market index higher.

The market closed with an exchange of 708,178 shares for US$81,601, jumping from 553,286 stocks at US$20,101 on Monday.
Trading averaged 64,380 shares at US$7,418 after sliding from 110,657 stock units, with an average value of just US$4,020 on Monday, with a month to date average of 35,217 units at US$2,395, rising slightly from 32,544 stocks at US$1,935 on the previous day and in line with October, with an average of 35,022 units for US$2,855.
The US Denominated Equities Index increased 0.36 points to close at 198.84. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 7.9. 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 the market, Margaritaville lost 0.99 of a cent to finish at 7.01 US cents, with a transfer of 80 shares, Productive Business Solutions remained at 71 US cents with 9 stock units crossing the market, Proven Investments fell 0.1 of a cent in closing at 9.9 US cents in an exchange of 500 shares. Sterling Investments shed 0.25 of a cent to finish at 1.75 US cents with 50,000 stocks crossing the market, Sygnus Credit Investments dropped 0.7 of one cent and ended at 7 US cents with investors trading 297,050 units, Sygnus Real Estate Finance USD share sank 1.24 cents to close at 5 US cents with an exchange of 131,400 stock units and Transjamaican Highway increased 0.11 of a cent to 3.08 US cents with 202,060 shares clearing the market.
In the preference segment, JMMB Group 7.5% popped 3.45 cents to finish at US$2.03 after an exchange of 17,000 stock units, JMMB Group US8.5% climbed 12.64 cents and ended at US$1.18 with investors dealing in 10,000 units. Productive Business Solutions 9.25% rose 60 cents to end at US$11 with 50 stocks passing through the market and Sygnus Credit Investments E8.5% declined 92 cents to close at US$9.33 with 29 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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