Consolidation continues for JSE USD Market

Trading on Wednesday ended with the volume of shares changing hands rising 143 percent with a 26 percent lower than on Tuesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising than declining.
A total of eight securities traded, compared to two on Tuesday with three rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 0.05 points to end at 207.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.6. The PE ratios are computed using ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 224,009 shares traded, for US$16,302 compared to 92,125 units at US$22,039 on Tuesday. Trading averaged 28,001 units at US$2,038, down from 46,063 shares at US$11,019 on Tuesday and month to date an average of 59,029 shares at US$5,367 versus 62,575 units at US$5,747 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and two with a lower offer.
At the close, Margaritaville added 1 cent in closing at 18 US cents, with 240 shares crossing the market, Proven Investments declined 0.18 of a cent to end at 23.82 US cents after 36,784 stocks changing hands, Sterling Investments popped 0.3 of a cent to 2.3 US cents, with just 170 stock units crossing the exchange. Sygnus Credit Investments USD share remained at 12.95 US cents while exchanging 10,229 units, Sygnus Real Estate Finance USD share dropped 0.01 of a cent after ending at 15.99 US cents with the swapping of 175 shares and Transjamaican Highway rose 0.02 of a cent to 0.9 US cents in trading 173,656 units.
In the preference segment, JMMB Group 5.75% fell one cent to US$2.02 after exchanging 1,755 stocks and JMMB Group 6% finished at US$1.10, with 1,000 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.