Trading pulls back on JSE USD Market


Trading plunged on Friday on the Jamaica Stock Exchange US Dollar Market, with a 56 percent drop in the volume traded, with a 90 percent lower value than Thursday. Ten securities changed hands similar to Thursday, with prices of five rising, two declining and three ending unchanged.

The market closed with an exchange of 293,051 sharesworth US$19,870 after tumbling from 662,065 stock units at US$201,918 on Thursday.
Trading ended with an average of 29,305 shares at US$1,987 after falling from 66,207 stock units at US$20,192 on Thursday. Trading for the month to date averages 599,023 units at US$38,839 compared with 628,390 stock units at US$40,738 on the preceding day and an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index rose 1.99 points to settle at 290.24. 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 commonly used measures to determine appropriate stock values, averages 18.3. 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 financial years ending around August 2027.
At the close of trading, First Rock Real Estate USD share slipped 0.2 of a cent and ended at 1.8 US cents with 101 shares changing hands, Margaritaville popped 1.05 cents to finish at 8.05 US cents with an exchange of 947 stocks, Productive Business Solutions ended at 90 US cents with a transfer of a mere one share.  Proven Investments increased 0.49 of a cent to end at 6.49 US cents with investors swapping 15 stock units, Quantas Advantage lost 1.3 cents to close at 14.2 US cents, following trading of 2,011 shares, Sterling Investments remained at 2.25 US cents with 393 stock units passing through the market. Sygnus Credit Investments climbed 0.02 of one cent and ended at 6.48 US cents, with a transfer of 13,877 units and Transjamaican Highway rose 0.07 of one cent, in closing at 6.41 US cents after an exchange of 275,602 stocks.
In the preference segment, AS Bryden 6% ended at US$1 in trading of 20 shares and Sygnus Credit Investments 8% gained 60 cents to end at US$10.60 with 84 stocks changing hands.
Prices of securities trading are those of the last transaction.

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