JSE USD market gives up ground

Trading on Friday ended at the close of the Jamaica Stock Exchange US dollar market with the volume of stocks traded jumping 263 percent and the value climbing 124 percent over Thursday’s trades and resulting in five securities trading, similar to Thursday, with one rising, one declining and three ending unchanged.
The JSE US Denominated Equities Index fell 1.71 points to 206.35.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 755,182 shares were traded for US$24,741 compared to 207,860 units at US$11,046 on Thursday. Trading averaged 151,036 units at US$4,948 compared to 41,572 shares at US$2,209 on Thursday, with a month to date average of 39,601 shares at US$3,341 versus 33,857 units at US$3,258 on the previous day. June ended with an average of 71,901 units for US$8,793.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share finished at 6 US cents with 153,603 units crossing the market, Proven Investments ended at 23 US cents while exchanging 16,280 stocks, Sterling Investments popped 0.08 of a cent to close at 2.08 US cents after finishing trading 300 units. Sygnus Credit Investments USD share ended unchanged at 12 US cents with an exchange of 61,314 stock units and Transjamaican Highway shed 0.01 of a cent to end at 0.89 of one US cent, with 523,685 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.