Pull back for JSE USD Market

Trading on Wednesday ended with a 172 percent jump in the volume of stocks changing hands even as the value fell by 79 percent below Tuesday’s level on the Jamaica Stock Exchange US dollar market and resulted in six securities traded, down from nine on Tuesday with one rising, three declining and two ending unchanged.
Overall, 301,506 shares were traded for US$4,280 compared to 110,724 units at US$19,925 on Tuesday.
Trading averaged 50,251 units at US$713 versus 12,303 shares at US$2,214 on Tuesday, with a month to date average of 37,618 shares at US$2,255 compared with 35,675 units at US$2,492 on the previous day. January ended with an average of 48,604 units for US$4,865. The JSE USD Equities Index fell 3.17 points to end at 232.78.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, Margaritaville shed 2.99 cents in closing at 10.01 US cents in an exchange of 1,306 shares, Proven Investments rose 0.48 of a cent to close at 18.99 US cents after a transfer of 3,524 stocks, Sygnus Credit Investments USD share fell 0.49 of a cent to end at 9.51 US cents, with 7,600 stock units changing hands. Sygnus Real Estate Finance USD share ended at 8.5 US cents trading 1,166 units and Transjamaican Highway dipped 0.01 of a cent, ending at 0.96 of one US cent while exchanging 287,907 units.
In the preference segment, JMMB Group 5.75% remained at US$1.7365 in switching ownership of 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.