JSE USD Market slipped for a 5th day

The Jamaica Stock Exchange US dollar market ended on Monday, with the market index declining for five consecutive days even as the volume of stocks changing hands jumped 229 percent, with a 40 percent fall in value from Friday and resulted in trading of six securities, compared to eight on Friday with four rising, two declining.
Overall, 1,287,632 shares were traded, for US$32,552 compared to 390,785 units at US$54,548 on Friday.
Trading averaged 214,605 units at US$5,425, versus 48,848 shares at US$6,818 on Friday, with a month to date average of 55,835 shares at US$2,192 compared with 45,010 units at US$1,972 on the previous day. Friday. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index shed 1.23 points to finish at 223.09.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, Proven Investments climbed 0.17 of a cent and ended at 14.68 US cents in an exchange of 80,309 shares, Sterling Investments rallied 0.1 of a cent in closing at 1.7 US cents after 36,569 units were traded, Sygnus Credit Investments advanced 0.35 of one cent to 9.1 US cents, with 1,070 shares changing hands and Transjamaican Highway dropped 0.01 of a cent to close at 1.61 US cents while exchanging 1,168,634 stocks.
In the preference segment, JMMB Group 6% lost 6.6 cents to US$1.01 with a transfer of 1,000 stock units and Productive Business Solutions 9.25% preference share rose 6 cents to US$11.56 after investors ended trading 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.