Trading slides on the JSE USD Market


Trading on Monday on the Jamaica Stock Exchange US dollar market ended with the volume traded dropping a hefty 81 percent with the value 31 percent less than Friday, following an exchange of six securities, compared with seven on Friday with prices of three rising, two declining and one ending unchanged.

The market closed with an exchange of 298,433 shares for US$29,583 falling sharply from 1,553,053 stocks at US$42,992 on Friday.
Trading averaged 49,739 shares at US$4,931 well below the 221,865 stocks at US$6,142 on Friday, with a month to date average of 77,989 units at US$7,142 pretty much aligned to trading on the previous day with 79,559 stocks at US$7,265 compared with February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index dipped 0.07 points to settle at 224.25. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 10.9. 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, Proven Investments ended at 10 US cents with 67,609 units changing hands, Sygnus Credit Investments advanced 0.69 of a cent to 7 US cents with a transfer of 11,253 stocks and Transjamaican Highway shed 0.04 of one cent and ended at 2.59 US cents with 205,031 shares crossing the market.
In the preference segment, JMMB Group 7.5% preferred share dropped 1 cent in closing at US$2 with 2,090 units switching owners, JMMB Group US8.5% preference share rose 0.5 of one cent to close at US$1.03 with investors trading 12,443 shares and Sygnus Credit Investments US 8% climbed 10 cents to finish at US$8.65 in an exchange of 7 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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