Falling stocks dominate the JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 70 percent rise in the exchange the volume of stocks changing hands after a 39 percent drop in value compared with Monday, resulting from trading in eight securities, compared to six on Monday with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 154,383 shares for US$11,426 compared to 90,769 units at US$18,681 on Monday.
Trading averaged 19,298 units at US$1,428 versus 15,128 shares at US$3,113 on Monday, with a month to date average of 52,045 shares at US$3,696 compared with 54,141 units at US$3,842 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index sank 1.73 points to settle at 248.82.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4.99 US cents after investors cleared the market with 945 stock units, Margaritaville climbed 0.99 of one cent in closing at 10.99 US cents after an exchange of 990 shares, Productive Business Solutions remained at US$1.70, with 58 units crossing the market. Proven Investments fell 1 cent and ended at 14.99 US cents with investors swapping 13,000 stocks, Sterling Investments sank 0.07 of a cent to close at 1.62 US cents, with 103,138 shares crossing the market, Sygnus Credit Investments remained at 8.7 US cents with investors dealing in 16 stock units and Transjamaican Highway dipped 0.02 of a cent to end at 2.17 US cents in an exchange of 33,026 stocks.
In the preference segment, JMMB Group 5.75% lost 2.5 cents in closing at US$2.12 after trading 3,210 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.