Trading rises on JSE USD Market


Trading climbed on Thursday well above Tuesday’s levels on the Jamaica Stock Exchange US dollar market and closed with the volume of stocks changing hands rising 148 percent, with 497 percent greater value than on Tuesday, resulting in the exchange of nine securities, up from seven on Tuesday with prices of three rising, six declining and no ending unchanged.

The market closed with an exchange of 577,225 shares for US$58,717 up from 233,083 stock units at US$9,836 on Tuesday.
Trading averaged 64,136 shares at US$6,524 up from 33,298 stocks at US$1,405 on Tuesday, with a month to date average of 44,010 stock units at US$3,169 compared to 31,934 stocks at US$1,156 on the previous day and February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index declined 1.13 points to wrap up trading at 222.76. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.3. 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 trading, First Rock Real Estate USD share dipped 0.3 of one cent to 1.79 US cents in an exchange of 24,193 stock units, Margaritaville slipped 0.01 of a cent in closing at 9.49 US cents with investors trading 501 shares, Proven Investments dipped 0.3 of a cent to finish at 11 US cents in an exchange of 244,899 stocks. Sterling Investments lost 0.18 of a cent and ended at 1.7 US cents with 53,842 units clearing the market, Sygnus Credit Investments skidded 0.69 of one cent to close at 6.31 US cents trading 55,000 shares and Transjamaican Highway fell 0.07 of one cent to end at 2.31 US cents after a transfer of 178,647 units.
In the preference segment, JMMB Group US8.5% preference share rose 0.3 of a cent to US$1.05 in switching ownership of 20,000 stocks, Productive Business Solutions 9.25% preference share gained 5 cents in closing at US$10.30 as investors exchanged 128 stock units and Sygnus Credit Investments US 8% popped US$1.2748 and ended at US$8.50 as 15 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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