Trading rises, JSE USD market slips


Trading picked up on the Jamaica Stock Exchange US Dollar Market on Monday, with the volume of stocks traded rising 12 percent valued 34 percent more than on Friday. The market closed with an exchange of nine securities, down from eight on Friday, with prices of three rising, three declining and three ending unchanged.

At the close of the market, 782,008 shares were exchanged for US$72,929, an increase from 695,671 stock units at US$54,353 on Friday.
Trading ended with an average of 86,890 shares at US$8,103 compared to 86,959 stock units at US$6,794 on Friday, with a month to date average of 125,384 units at US$14,396 in line with 127,951 stock units at US$14,816 on the previous day and July that ended with an average of 132,012 units for US$49,788.
The US Denominated Equities Index declined 1.39 points to close at 315.77. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 15.5. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, First Rock Real Estate USD share lost 0.27 of one cent, closing at 1.53 US cents, with investors dealing in 149 stocks, Proven Investments rallied 0.04 of a cent to 5.94 US cents with 10,750 units passing through the market, Sterling Investments remained at 2 US cents after an exchange of 5,584 shares. Sygnus Credit Investments ended at 5.79 US cents with 12,163 stock units changing hands, Sygnus Real Estate Finance USD share increased 0.76 of a cent and ended at 4.76 US cents with the trading of 818 shares and Transjamaican Highway climbed 0.31 of a cent to end at 7.85 US cents after a transfer of 742,541 stock units.

In the preference segment, JMMB Group 7.5% dropped 7 cents to US$2.03, with an exchange of 2,500 units, JMMB Group US8.5% dropped 6 cents to close at US$1.23 after trading of 7,500 stocks and Productive Business Solutions 9.25% ended at US$10.94 after only 3 units were traded.
Prices of stocks are those of the last transaction.

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