Decline for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 40 percent, valued 41 percent more than on Wednesday, resulting in nine securities traded, the same as on Wednesday with three rising, three declining and three ending unchanged.
A total of 243,793 shares were traded for US$38,581 compared to 174,417 units at US$27,278 on Wednesday.
Trading averaged 27,088 units at US$4,287 compared to 19,380 shares at US$3,031 on Wednesday, with a month to date average of 23,234 shares at US$3,659 compared to July with an average of 95,306 units for US$2,965.
The US Denominated Equities Index fell 5.28 points to end at 248.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 one stock ended with a 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, with 91,243 shares crossing the exchange, Margaritaville increased 2.09 cents and ended at 11.11 US cents, with 5,673 stock units passing through the market, Proven Investments shed 0.3 of a cent to close at 14.5 US cents in trading 12,070 units.  Sterling Investments dipped 0.1 of a cent to 1.7 US cents with 21,206 stocks crossing the market, Sygnus Credit Investments lost 1.93 cents in closing at 9 US cents, with investors exchanging 25,868 stock units, Sygnus Real Estate Finance USD share ended at 10 US cents in trading four stock units and Transjamaican Highway popped 0.14 of a cent in closing at 1.81 US cents after a transfer of 84,684 stocks.
In the preference segment, JMMB Group 5.75% rose 10 cents and ended at US$2 with an exchange of 750 units and Productive Business Solutions 9.25% preference share remained at US$12 after an exchange of 2,295 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.