Lacklustre trading on JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 12 percent, with 38 percent lower value than on Thursday, resulting in trading in eight securities, compared to nine on Thursday with prices of four rising, one declining and three ending unchanged.
The market closed with an exchange of 209,773 shares for US$28,768 compared to 186,609 units at US$46,047 on Thursday.
Trading averaged 26,222 units at US$3,596 versus 20,734 shares at US$5,116 on Thursday, with a month to date average of 40,669 shares at US$3,482 compared to 45,694 units at US$3,442 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index rallied 0.59 points to cease trading at 244.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden rallied 0.01 of a cent to finish at 22.02 US cents with investors trading 8,914 units, First Rock Real Estate USD share increased 0.49 of one cent and ended at 4.5 US cents after an exchange of 2,133 stocks, Margaritaville ended at 10 US cents in trading 3,335 shares. Proven Investments popped 0.99 of one cent to 14.89 US cents, with 181,504 stocks crossing the exchange, Sterling Investments fell 0.05 of a cent to end at 1.65 US cents in switching ownership of 1,267 shares, Sygnus Credit Investments rose 0.7 of a cent to 8 US cents as investors traded 2,983 stock units and Transjamaican Highway remained at 2.18 US cents after trading 9,137 stocks.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.19 after an exchange of 500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.