Trading jumps sharply on JSE USD market


The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded increased 78 percent with a 38 percent greater value compared to Monday, resulting in trading in 10 securities, up from seven on Monday with prices of four rising, three declining and three ending firm.

The market closed with an exchange of 1,644,221 shares for US$53,768 compared to 925,163 stocks at US$39,022 on Monday.
Trading averaged 164,422 shares at US$5,377 compared to 132,166 stocks at US$5,575 on Monday, with a month to date average of 151,140 units at US$5,458 compared with an average of 186,934 shares at US$9,182 for November.
The US Denominated Equities Index sank 0.31 points to wrap up trading at 266.74. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share sank 0.02 of one cent and ended at 2.43 US cents with investors trading 1,000 units, Margaritaville ended at 8 US cents with 14 stocks crossing the exchange, MPC Caribbean Clean Energy gained 10 cents to end at 60 US cents with 10 shares changing hands. Proven Investments remained at 11.1 US cents after it closed with 3,373 stock units changing hands, Sterling Investments ended at 1.55 US cents with investors swapping 291 shares, Sygnus Credit Investments rose 0.01 of one cent to 7 US cents with 42,442 units switching owners and Transjamaican Highway climbed 0.23 of one cent to 2.85 US cents with traders dealing in 1,596,490 stocks.
In the preference segment, JMMB Group US8.5% preference share popped 5 cents to US$1.16 after an exchange of just 1 stock unit, Productive Business Solutions 9.25% preference share dropped 80 cents to close at US$9.60 with investors trading 500 shares and Sygnus Credit Investments US8% lost US$1.38 to end at a 52 weeks’ low of US$8.62 after an exchange of 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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