Losers outpaced winners on JSE USD market

Trading fell sharply from the healthy levels on the Jamaica Stock Exchange US dollar market on Wednesday with the volume of stocks exchanged declining 85 percent, valued at 83 percent less than on Tuesday and resulting in an exchange of 10 securities, similar to trading on Tuesday with one rising, five declining and four ending unchanged.
A total of 191,964 shares were traded for US$14,483 compared to 1,284,881 units at US$85,810 on Tuesday.
Trading averaged 19,196 units at US$1,448 compared with 128,488  shares at US$8,581 on Tuesday, with a month to date average of 35,988 shares at US$2,567 versus 38,654 units at US$2,744 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 1.87 points to end at 215.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share dipped 0.51 of one cent to close at 7.49 US cents with 140,493 shares passing through the market, MPC Caribbean Clean Energy ended at 80 US cents with a transfer of 30 stocks, Proven Investments shed 0.8 of a cent to end at 19.2 US cents with the swapping of 11,764 units. Sterling Investments dipped 0.02 of one cent to 2.23 US cents after exchanging 17,543 stock units, Sygnus Credit Investments USD share fell 1.11 cents to 9.51 US cents, with 5,000 stocks crossing the market and Transjamaican Highway lost 0.01 of a cent to end at 0.99 of one US cent after 16,439 stock units passed through the exchange.
In the preference segment, Productive Business 9.25% preference share advanced 40 cents to a 52 weeks’ high of US$11 after a transfer of 20 units, Equityline Mortgage Investment preference share remained at US$1.85, with 26 shares changing hands, JMMB Group 5.75% remained at US$1.50 as 99 stocks passed through the market and JMMB Group 6% ended at US$1.06 after trading 550 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.