Fall for JSE USD Market

Trading levels plunged on the Jamaica Stock Exchange US dollar market on Friday and pulled the Denominated Equities Index down by 1.47 points to 227.32, with the volume of stocks changing hands declining by 92 percent and the value dropping 93 percent from that on Thursday, resulting in an exchange of 10 securities, up from nine on Thursday, with no stock price rising, five declining and five ending unchanged.
Just 43,767 shares were traded for US$6,623, down from 531,152 units at US$99,750 on Thursday.
Trading averaged 4,377 shares at US$662, versus 59,017 shares at US$11,083 on Thursday, with month to date average of 33,484 units at US$2,883 compared with 37,472 stock units at US$3,188 on the previous day. December ended with an average of 39,679 units for US$1,494.
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 between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Real Estate USD share ended at 7.5 US cents in exchanging 90 shares, MPC Caribbean Clean Energy declined 5 cents in closing at 60 US cents, 187 units changing hands, Productive Business Solutions remained at US$1.69 with investors transferring two stock units. Proven Investments dropped 0.9 of a cent to close at 19 US cents as investors exchanged 30,019 shares, Sygnus Credit Investments USD share ended at 10 US cents while exchanging 1,432 stocks, Sygnus Real Estate Finance USD share lost 0.07 of a cent to close at 12.4 US cents, with 56 units crossing the exchange and Transjamaican Highway fell 0.02 of a cent in ending at 0.95 of one US cents, with 11,928 shares changing hands.
In the preference segment, Productive Business 9.25% preference share shed 45 cents to US$10.55 after 50 stock units crossed the market, Equityline Mortgage Investment preference share remained at US$1.67 with a transfer of just two units and JMMB Group 6% remained at US$1.05 and closed with an exchange of one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.