Trading plunges on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Wednesday, with a 97 percent decline in value and volume of stocks traded compared to Tuesday, resulting in an exchange of six securities compared to seven on Tuesday, with prices of one rising, four declining and one ending unchanged.

The market closed with an exchange of 203,548 shares for US$5,046, down sharply from 7,320,894 stock units at US$182,827 on Tuesday.
Trading averaged 33,925 shares at US$841 compared to 1,045,842 stock units at US$26,118 on Tuesday, with a month to date average of 347,783 units at US$9,058, down from 465,480 stocks at US$12,140 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index slipped 0.58 points to close at 202.72. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.2. 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 2026.
At the close, Margaritaville skidded 0.01 of a cent to close at 7.99 US cents in trading 100 shares, Proven Investments ended at 10 US cents, with 1,100 units clearing the market. Sterling Investments lost 0.04 of a cent to end at 2.04 US cents after a transfer of 1,267 stocks. Sygnus Credit Investments shed 0.2 of one cent in closing at 7.62 US cents, with 1,025 shares crossing the market and Transjamaican Highway declined 0.05 of one cent to finish at 2.37 US cents, with investors dealing in 200,050 stock units.

In the preference segment, Productive Business Solutions 9.25% popped 12 cents and ended at US$10.72, with just 6 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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