Big fall for JSE USD stocks

The Jamaica Stock Exchange US dollar market closed on Friday with the volume of stocks traded rising 102 percent, with the value rising 24 percent over Thursday, resulting in nine securities traded, compared to 12 on Thursday with two rising, four declining and three ending unchanged.
Overall, 796,890 shares were traded for US$32,729 compared to 394,179 units at US$26,302 on Thursday. Trading averaged 88,543 units at US$3,637, versus 32,848 shares at US$2,192 on Thursday, with month to date average of 48,732 shares at US$7,360 versus 45,865 units at US$7,629 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index dived 13.99 points to end at 200.31.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.8. The PE ratio uses earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents, with 707,600 shares clearing the market, Productive Business Solutions shed 17 cents in ending at US$1.15 after 11 stock units were traded, Proven Investments lost 0.7 of a cent to close at 21.3 US cents with a transfer of 10,819 units. Sterling Investments advanced 0.04 of a cent in closing at 2.09 US cents in an exchange of 5,042 stocks, Sygnus Credit Investments USD share rose 0.01 of a cent to 12 US cents after trading 12,308 shares and Transjamaican Highway dipped 0.12 of a cent to end at 0.83 of one US cent, with 61,104 units changing hands.
In the preference segmentEppley 6% preference share fell 2 cents after ending at US$1.13 in exchanging three stock units, Equityline Mortgage Investment preference share remained at US$1.85 after exchanging two stocks and JMMB Group 6% ended unchanged at US$1.10 with investors transferring one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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