JSE USD market slips

Trading on Jamaica Stock Exchange US dollar market on Tuesday closed with the volume of stocks traded declining marginally, with an  86 per cent lower value than on Monday, and resulting in seven securities trading, compared to nine on Monday with none rising, four declining and three ending unchanged.
Overall, 134,622 shares traded for US$7,099 compared to 148,446 units at US$51,199 on Monday. Trading averaged 19,232 units at US$1,014, compared to 16,494 shares at US$5,689 on Monday, with a month to date average of 19,369 shares at US$5,790 in line with 19,390 units at US$6,533 on the previous day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index lost 4.96 points to end at 195.50. 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.
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 Real Estate USD share dropped 0.9 of a cent to end at a 52 weeks’ low of 5.1 US cents after trading 29,018 shares, Productive Business Solutions closed at US$1 after trading 1,732 stocks, Proven Investments shed 0.06 of a cent to end at 22.94 US cents, with 7,923 stock units crossing the market. Sterling Investments fell 0.03 of a cent in closing at 1.97 US cents, with 17,260 units changing hands, Sygnus Credit Investments USD share finished at 12 US cents in trading 8,164 units and Transjamaican Highway fell 0.09 of a cent to 0.89 of one US cent, with an exchange of 70,500 stocks.
In the preference segment, Eppley 6% preference share ended unchanged at US$1.15 after exchanging 25 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.