Trading jumps on the JSE USD Market


Trading soared on the Jamaica Stock Exchange US Dollar Market on Wednesday, over trading on Tuesday, with a 384 percent surge in volume, fueled by a 459 percent surge in value. Trading activity closed with an exchange of seven securities, compared to 10 on Tuesday, with prices of three declining and four ending unchanged.

The market closed with an exchange of 688,541 shares for US$28,462 after soaring from just 142,347 stock units at US$5,093 on Tuesday. Trading averaged 98,363 shares at US$4,066 after jumping from 14,235 stock units at US$509 on Tuesday, with a month to date average of 42,209 units at US$1,870, climbing from 37,936 stock units at US$1,703 on the previous day and compared with November, that ended with an average of 36,788 units for US$2,343. The US Denominated Equities Index fell 0.61 points to wrap up trading at 201.35.

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 used measures to determine appropriate stock values, averages eight. The PE ratio is derived by dividing the last traded price by earnings per share. The earnings used for this report are compiled by ICInsider.com for companies with their financial year ending around August 2026. At the close of the market, Margaritaville remained at 6.8 US cents with investors swapping 10 shares, Proven Investments ended at 9 US cents with 42,858 units changing hands, Sterling Investments remained at 1.99 US cents after swapping 1,021 stocks. Sygnus Credit Investments sank 0.3 of one cent in closing at 6 US cents, with investors trading 123,371 shares, Sygnus Real Estate Finance USD share ended at 5.7 US cents, with a mere 4 stock units being traded and Transjamaican Highway lost 0.02 of one cent to close at 2.98 US cents as investors exchanged 521,127 shares. In the preference segment, Productive Business Solutions 9.25% dropped 44.99 cents, to US$10.20, with 150 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com