Trading plunges on JSE US Dollar market


The volume of stocks traded dropped a sharp 77 on the Jamaica Stock Exchange US dollar market on Friday, with a 78 percent slide in value compared to Thursday, resulting in exchange of four securities, down from nine on Thursday with prices of two rising and two ending unchanged.

The market closed with an exchange of 45,633 shares for US$7,963 well off from 200,050 stocks at US$36,385 on Thursday.
Trading averaged 11,408 shares at US$1,991 compared with 22,228 stocks at US$4,043 on Thursday, with a month to date average of 15,879 units at US$1,708 versus 16,315 stocks trading at US$1,681 on the previous day and October with an average of 426,617 units for US$11,189.
The US Denominated Equities Index gained 4.94 points to end at 246.45. 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 7.4. 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 market activities, Proven Investments popped 0.8 of one cent to end at 14.8 US cents with 1,296 stocks traded, Sygnus Real Estate Finance USD share ended at 5 US cents after an exchange of 41,593 stock units and Transjamaican Highway increased 0.06 of one cent to 2.38 US cents with investors dealing in 2,180 shares.

In the preference segment, Sygnus Credit Investments E8.5% remained at US$10 with 564 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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