Trading on the Jamaica Stock Exchange US dollar market on Wednesday ended with the volume of stocks traded rising 40 percent with 37 percent lower value than on Tuesday, resulting in eight securities trading, similar to Tuesday with two rising, four declining and two ending unchanged.
The JSE US Denominated Equities Index fell 0.99 points to close at 211.23. The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 102,227 shares traded for US$5,437 compared to 73,220 units at US$8,686 on Tuesday.
Trading averaged 12,778 units at US$680, compared to 9,153 shares at US$1,086 on Tuesday, with a month to date average of 33,438 shares at US$3,315 versus 35,405 units at US$3,566 on the previous day. June ended with an average of 71,901 units for US$8,793.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 6 US cents with the swapping of 26,896 shares, Margaritaville dropped 2 cents to 10 US cents with an exchange of 12,514 stocks, 
Proven Investments shed 0.12 of a cent in ending at 24.13 US cents after trading 909 stock units. Sterling Investments fell 0.11 cents to 2 US cents with 4,700 units changing hands, Sygnus Credit Investments USD share increased 0.58 of one cent to end at 12 US cents with 9,412 shares clearing the market, Sygnus Real Estate Finance USD share fell 0.15 of a cent in closing at 13 US cents after finishing trading 383 stocks and Transjamaican Highway ended at 0.95 of one US cent, with 46,834 units crossing the market.
In the preference segment, JMMB Group 6% rallied 0.13 of a cent to US$1.10 while exchanging 579 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks beat winners
July 20, 2022 by
