Trading tumbles on JSE USD Market


Market activity sank on the Jamaica Stock Exchange US Dollar Market on Thursday, with a 63 percent plunge in the volume of stocks traded with the value falling 85 percent compared with Wednesday. The market closed with an exchange of 10 securities, compared with 12 on Wednesday, with prices of three rising, four declining and three ending unchanged.
The market closed with an exchange of 208,910 shares for US$20,601 in tumbling from 563,601 stock units at US$138,376 on Wednesday. Trading ended with an average of 20,891 shares at US$2,060 compared to 46,967 stock units at US$11,531 on Wednesday, Trading for the month to date averages 50,350 units at US$5,899 after declining from 58,102 stock units at US$6,909 on the preceding day and an average of 599,023 units for US$38,839 in October. The US Denominated Equities Index popped 1.22 points higher to 298.06. The Investor’s Choice bid-offer indicator shows no stock ended with bids and offers higher or lower than the last selling price. The PE Ratio, one of the most commonly used measures to determine appropriate stock values, averages 19.2. 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, AS Bryden declined by 0.24 of a cent and ended at 15.75 US cents with a transfer of 638 units, First Rock Real Estate USD share ended at 2 US cents in a change of ownership of 46,000 stocks, Proven Investments advanced 0.38 of one cent to finish at 6.49 US cents after an exchange of 36 shares. Quantas Advantage popped 0.21 of a cent to close at 15 US cents with a transfer of 2,415 stock units, Sygnus Credit Investments fell 0.29 of one cent to 7.5 US cents as investors exchanged 8,706 shares, Sygnus Real Estate Finance USD share remained at 5.29 US cents with 1,120 units passing through the market and Transjamaican Highway gained 0.01 of a cent to 6.61 US cents with investors trading 144,437 stocks. In the preference segment, JMMB Group 7.5% skidded by 8 cents to finish at US$2 in an exchange of 3,070 stock units, JMMB Group US8.5% lost 18.97 cents and ended at US$1.10 with 2,484 shares crossing the market and Sygnus Credit Investments E8.5% ended at US$10 after an exchange of 4 units. Prices of securities trading are those of the last transaction.
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