Trading plunges on the JSE USD Market


The Jamaica Stock Exchange US Dollar Market closed Wednesday, with a near 100 percent fall in the volume and value of stocks traded, compared to unusually high trading on Tuesday, following Transjamaican Highway trading more than 111 million shares. At the close of the exchange, seven securities changed hands, compared with nine on Tuesday, with prices of one rising, four declining and two unchanged.

The market closed following an exchange of 299,786 shares for US$17,915, versus 111,613,440 stock units at US$6,726,739 on Tuesday.
Trading ended with an average of 42,827 shares at US$2,559, down sharply from 12,401,493 stock units at US$747,415 on Tuesday. Trading month to date, averages 1,221,085 units at US$76,000 compared with 1,312,727 stock units at US$81,712 on the preceding day and an average of 120,090 units at US$9,981.in September.
The US Denominated Equities Index declined by 2.16 points to 276.40. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 17. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close, Productive Business Solutions ended at 83.09 US cents after trading of 113 stocks, Proven Investments rallied 0.3 of a cent to finish at 6 US cents and closed with an exchange of 7,823 units, Quantas Advantage dropped 1.25 cents to close at 12.26 US cents, with 700 shares changing hands. Sterling Investments remained at 2.24 US cents with investors dealing in 3,637 stock units, Sygnus Credit Investments fell 0.54 of a cent in closing at 6.03 US cents with 2,363 shares clearing the market, Sygnus Real Estate Finance USD share dipped by 0.59 of a cent to finish at 4.4 US cents with an exchange of 173 units and Transjamaican Highway shed 0.06 of one cent and ended at 5.94 US cents after 284,977 stocks passed through the market.

Prices of securities trading are those for the last transaction.

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