JSE USD stocks dip on increased volume

Trading activity jumped on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks changing hands rising 54 percent valued 241 percent more than on Thursday, resulting in the trading of seven securities, compared to eight on Thursday with three rising, four declining and no ending unchanged.
Overall, 590,378 shares were traded for US$81,708 compared with 384,296 units at US$23,978 on Thursday.
Trading averaged 84,340 units at US$11,673 versus 48,037 shares at US$2,997 on Thursday, with a month to date average of 37,630 shares at US$3,714 up from 34,657 units at US$3,207 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index dipped 0.89 points to end at 218.24.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share inched 0.01 of a cent higher to 7.01 US cents 20,150 shares crossing the exchange, Proven Investments shed 1 cent to close at 19 US cents in an exchange of 385,657 stock units, Sterling Investments rose 0.04 of a cent to 1.99 US cents after trading 500 units. Sygnus Credit Investments USD share dropped 0.2 of a cent to 9.5 US cents with the swapping of 45,995 stocks, Sygnus Real Estate Finance USD share dipped 0.02 of a cent in closing at 10.98 US cents in an exchange of 73 shares and Transjamaican Highway fell 0.04 of a cent to 0.91 of one US cent in switching ownership of 138,000 stock units.
In the preference segment, Productive Business 9.25% preference share gained 45 cents in ending at US$11 with a transfer of just three stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.