JSE US dollar market falters on Friday

Trading ended with the index slipping 3.44 points to end at 194.57 despite 23 percent more shares being traded on Friday than Thursday as investors exchanged 87 percent more money on the Jamaica Stock Exchange US dollar market as declining stocks just edged out those rising.
Trading ended with eight securities changing hands, compared to five on Thursday, with prices of two rising, three declining and three ending unchanged.
The PE Ratio, a measure that is used in computing appropriate stock values, averages 11.9. The PE ratio is based on earnings forecasted by ICInsider.com for each company, with the financial year ending this year and up to July 2022.
Overall, 47,580 shares traded for US$13,316, versus 38,735 units at US$7,119 on Thursday. Trading averaged 5,948 units at US$1,665 compared to 7,747 shares at US$1,424 on Thursday and the month to date averages 56,518 at US$4,969 down from 61,168 units at US$5,273 on Thursday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital US share declined by half a cent to 6.5 US cents with 9,364 shares changing hands, Margaritaville rose 0.4 of a cent to end at 9.4 US cents with an exchange of 8 stocks, Proven Investments remained at 23 US cents with 20,095 units changing hands. Sygnus Credit Investments USD settled at 12.65 US cents with investors switching ownership of 2,140 stock units, Sygnus Real Estate Finance USD share popped 1.35 cents to close at 15.85 US cents with 11,599 shares traded and Transjamaican Highway fell 0.05 of a cent to 0.9 US cents with 351 units crossing the exchange.
In the preference segment, JMMB Group 5.75% ended at US$2.02 with a transfer of 39 stocks and JMMB Group 5.75% dropped 22.5 cents to US$1.50 with 3,984 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.