Trading slides on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Friday, after an 85 percent dive in the volume of stocks traded, with a 45 percent lower value than on Thursday, resulting from an exchange of nine securities, compared with seven on Thursday, with prices of four rising, three declining and two ending unchanged.

The market closed with an exchange of 99,850 shares for US$12,828 compared to 645,488 stocks at US$23,415 on Thursday.
Trading averaged 11,094 shares at US$1,425, down from 92,213 stock units at US$3,345 on Thursday, with a month to date average of 46,584 units at US$2,265 compared with April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index fell 2.29 points to end at 219.16. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.7. 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, First Rock Real Estate USD share remained at 1.99 US cents with 4,270 shares clearing the market, Productive Business Solutions slipped 21.6 cents to US$1.224 after an exchange of 119 units, Sterling Investments sank 0.24 of one cent to finish at 1.76 US cents with investors swapping 6,571 shares. Sygnus Credit Investments ended at 7 US cents after 36,905 stock units crossed the market. Sygnus Real Estate Finance USD share dipped 0.65 of a cent to end at 8.2 US cents in an exchange of 393 stocks and Transjamaican Highway rallied 0.07 of a cent to close at 2.53 US cents following trading of 47,348 units.

In the preference segment, JMMB Group 7.5% preferred share popped 2 cents to US$2 with 4,100 stocks crossing the market, JMMB Group US8.5% preference share gained 12.9 cents to close at US$1.13 with traders dealing in 109 shares and Sygnus Credit Investments US 8% rose 7.9 cents to finish at US$8.80 after an exchange of 35 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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