Trading plunges on the JSE USD market


Trading plunged sharply on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks traded crashing, with a 96 percent drop, at a 89 percent lower value than Friday. Market activity resulted in the exchange of nine securities, up from eight on Friday, with prices of two rising, one declining and six ending unchanged.

The market closed with an exchange of a mere 11,539 shares for US$1,760, falling from a moderate 303,408 stocks at US$16,030 on Friday.
Trading averaged a mere 1,282 shares at US$196 compared to 37,926 stocks at US$2,004 on Friday, with a month to date average of 657,620 units at US$18,991, a decline from 707,680 stocks at US$20,425 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index shed 1.19 points to finish at 195.28. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10. 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 the market, First Rock Real Estate USD share remained at 1.93 US cents with 2,489 shares crossing the market, Margaritaville ended at 8.2 US cents after a transfer of 80 stocks, Proven Investments rallied 0.01 of one cent to finish at 10.21 US cents in trading 464 units. Sterling Investments fell 0.05 of a cent and ended at 1.64 US cents with investors passing 212 shares through the market, Sygnus Credit Investments increased 0.1 of one cent to close at 7.9 US cents in an exchange of 934 stock units, Sygnus Real Estate Finance USD share remained at 7 US cents as investors traded 743 shares and Transjamaican Highway ended at 2.38 US cents with a transfer of 5,903 stock units.
In the preference segment, JMMB Group 7.5% remained at US$1.97 and closed with an exchange of 704 stocks and JMMB Group US8.5% ended at US$1.10 with investors trading 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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