7 love in favour of losers

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining by 25 percent but the value jumped 91 percent above Friday’s levels, resulting in trading in 10 securities, compared to seven on Friday with none rising, seven declining and three ending unchanged.
Investors traded 299,180 shares for US$31,910 versus 398,402 units at US$16,693 on Friday. Trading averaged 29,918 shares at US$3,191 against 56,915 stocks at US$2,385 on Friday, with the month to date averaging 30,045 shares at US$2,618 compared to 30,115 units at US$2,299 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index dropped 7.36 points to end at 206.50.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents while exchanging 79,098 shares, MPC Caribbean Clean Energy ended at US$1.10 as investors exchanged one share, Productive Business Solutions remained at US$1.321, with one stock unit crossing the market. Proven Investments dropped 2 cents to end at 20 US cents, with 3,064 units changing hands, Sterling Investments dipped 0.01 of a cent to close at 2.08 US cents with an exchange of 30 stock units, Sygnus Credit Investments USD share declined 0.08 of a cent to 12.9 US cents in an exchange of 826 shares. Sygnus Real Estate Finance USD share shed 0.01 of a cent in closing at 12.43 US cents after a transfer of 782 stocks and Transjamaican Highway fell 0.07 of a cent to 0.83 of one US cent, with 200,000 units clearing the market.
In the preference segment, JMMB Group 5.75% lost 5 cents to close at US$1.75 with the swapping of 14,428 stock units and JMMB Group 6% shed 5 cents in ending at US$1.05 with a transfer of 950 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.