Trading on JSE USD market drops back

Trading plunged on the Jamaica Stock Exchange US dollar market on Thursday, with a 92 percent drop in the volume of stocks traded having a 93 percent lower value than on Wednesday, resulting from an exchange of 10 securities, compared with nine on Wednesday and ended with prices of four rising, five declining and one ending unchanged.

A mere 283,206 shares were traded when the market closed for US$16,423 compared to 3,730,741 stock units for US$237,829 on Wednesday. Trading averaged 28,321 shares at US$1,642 compared to 414,527 stocks at US$26,425 on Wednesday, with a month to date average of 59,094 units at US$4,134 compared with 63,368 stocks at US$4,480 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 1.69 points to cease trading at 222.72. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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, First Rock Real Estate USD share fell 0.06 of a cent to 3.01 US cents with investors trading 3,377 units, MPC Caribbean Clean Energy sank 5.01 cents to close at a 52 weeks’ low of 48 US cents after an exchange of 70 stocks, Proven Investments declined 0.03 of one cent to 11.1 US cents with 93,006 shares crossing the market.  Sterling Investments lost 0.15 of one cent to end at 1.55 US cents after a transfer of 11,245 stock units, Sygnus Credit Investments rose 0.46 of a cent and ended at 6.98 US cents as 2,000 shares crossed the market, Sygnus Real Estate Finance USD share gained 0.99 of a cent to finish at at a 52 weeks’ low of 4.99 US cents after an exchange of 37,117 stock units and Transjamaican Highway ended at 2.38 US cents with investors swapping 135,905 shares.

In the preference segment, JMMB Group 5.5% skidded 14.99 cents to US$1.90 with 236 stock switching owners, JMMB Group 5.75% popped 18 cents to close at US$1.98 with investors dealing in 249 shares and Sygnus Credit Investments US 8% increased 96 cents to US$10.36 with a mere one unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.


 

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