Decline for JSE USD market

The volume and value of stocks traded declined sharply on Friday after 68 percent fewer shares with 82 percent less value passed through the Jamaica Stock Exchange US dollar market on Thursday. Seven securities traded compared to five on Thursday, with none rising, four declining and three ending unchanged.
Overall, 161,279 shares traded for US$8,982, down from 499,825 units at US$49,241 on Thursday. Trading averaged 23,040 units at US$1,283 versus 99,965 shares at US$9,848 on Thursday, with a month to date average of 36,415 shares at US$2,772, down from 39,536 units at US$3,120 previously. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index lost 1.97 points to end at 212.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 8 US cents in exchanging 28,569 shares, Margaritaville ended unchanged at 14.99 US cents with the swapping of 53 units, Proven Investments dropped 0.5 of a cent in closing at 23.8 US cents after switching ownership of 18,328 stocks. Sygnus Credit Investments USD share shed 0.01 of a cent in ending at 12.97 US cents, with 12,509 stock units clearing the market, Sygnus Real Estate Finance USD share finished at 12 US cents with 122 stocks changing hands and Transjamaican Highway lost 0.02of a cent in closing at 0.93 of one US cents after exchanging 101,674 units.
In the preference segment, JMMB Group 6% fell 1 cent to US$1.10 after trading 24 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.