Trading plunges on JSE USD Market

Trading ended on the Jamaica Stock Exchange US dollar market on Friday, with a sharp 92 percent fall in the volume of stocks traded declining with a 84 percent lower value than on Thursday, resulting in exchange of seven securities, compared with six on Thursday with prices of two rising, three declining and two ending unchanged.

The market closed with an exchange of 44,023 shares for US$2,193 down from 555,546 stocks at US$14,136 on Thursday.
Trading averaged 6,289 shares at US$313 compared to 92,591 stocks at US$2,356 on Thursday and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index popped 0.07 points to end at 236.23. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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, Margaritaville ended at 8.99 US cents in an exchange of 1,000 stock units, MPC Caribbean Clean Energy slipped 17.98 cents to finish at a 52 weeks’ low of 53.01 US cents after 10 shares passed through the market, Proven Investments increased 1.2 cents and ended at 12.7 US cents as investors exchanged 613 units. Sterling Investments popped 0.18 of one cent to close at 1.6 US cents after a transfer of 250 stocks, Sygnus Credit Investments sank 0.34 of a cent to end at 6.56 US cents with investors trading 19,461 shares, Sygnus Real Estate Finance USD share remained at 5 US cents with 8,664 stocks changing hands and Transjamaican Highway skidded 0.16 of a cent to 2.1 US cents after an exchange of 14,025 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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