Declining stocks dominate on JSE USD market

Trading ended on Friday with the volume and the value of shares changing hands declining 21 percent respectively below Thursday’s trades, at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with five securities changing hands, similar to Thursday, with one rising, four declining. The JSE US Denominated Equities Index gained 1.34 points to end at 196.55.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 12.1. The PE ratio uses earnings forecasts computed by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 515,741 shares traded for US$106,763 compared to 651,072 units at US$135,453 on Thursday. Trading averaged 103,148 units at US$21,353, compared to 130,214 shares at US$27,091 on Thursday and month to date averages 83,064 shares at US$11,383 versus 82,273 units at US$10,990 on Thursday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and no stock with a lower offer.
At the close, First Rock Capital USD share shed 0.4 of a cent to close at 6.2 US cents in an exchange of 1,000 shares, Margaritaville fell 0.49 of one cent to end at 9 US cents after exchanging 64,038 stocks, Proven Investments dropped 0.49 of a cent in ending at 22.5 US cents, with 448,344 units crossing the exchange. Sygnus Credit Investments USD share declined 0.01of a cent to 12.99 US cents with the swapping of 34 stock units and Transjamaican Highway popped 0.05 of a cent in closing at 0.86 of one US cent in switching ownership of 2,325 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.