6 days of decline for the JSE USD Market

Trading dropped sharply on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 84 percent valued 81 percent lower than on Monday and resulting in six securities being traded, compared to six on Monday with no stocks rising, four declining and two ending unchanged and resulted in the market declining for the sixth consecutive day.
A total of 212,100 shares were exchanged for US$6,287 compared with 1,287,632 units at US$32,552 on Monday.
Trading averaged 35,350 shares for US$1,048, down from 214,605 stock units at US$5,425 on Monday, with trading for the month to date averaging 54,606 units at US$2,124 compared to 55,835 stock units at US$2,192 on the previous day. Trading in September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index slipped 0.75 points to 222.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Proven Investments declined 0.38 of one cent and ended at 14.3 US cents with investors swapping 16,040 shares, Sterling Investments lost 0.25 cents to close at a 52 weeks’ low of 1.45 US cents after 22,305 stock units passed through the market, Sygnus Credit Investments dipped 0.1 of a cent in closing at 9 US cents after trading 1,612 units. Sygnus Real Estate Finance USD share ended at 10 US cents, with 377 stocks changing hands and Transjamaican Highway dipped 0.03 of a cent to end at 1.58 US cents, with 171,393 shares clearing the market.
In the preference segment, JMMB Group 5.75% ended at US$2 and closed with an exchange of 373 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.