Consolidating JSEUSD market

Trading ended on the Jamaica Stock Exchange US dollar market Wednesday, with an exchange of 61 percent fewer shares with a 44 percent fall in value from Tuesday, resulting in five securities changing hands, compared to seven on Tuesday with none rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 1.14 points to end at 217.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 227,317 shares traded for US$42,677 versus 578,306 units at US$75,902 on Tuesday. Trading averaged 45,46 units at US$8,535, compared to 82,615 shares at US$10,843 on Tuesday, with month to date average of 73,102 shares at US$8,820 versus 74,062 units at US$8,830 on the previous day. Tuesday. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and two with lower offers.
At the close of the market, First Rock Capital USD share declined 0.37 of a cent to end at 7.05 US cents, with 1,000 shares crossing the exchange, Proven Investments remained at 26 US cents while exchanging 154,687 stock units, Sygnus Credit Investments USD share ended unchanged at 12.5 US cents with the swapping of 15,074 units and Transjamaican Highway fell 0.05 of a cent to 0.95 US of one cent, with 56,546 stock units changing hands
In the preference segmentJMMB Group 6% finished at US$1.05 with investors clearing the market of 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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