Sharp jump for JSE USD Market

At the close of the Jamaica Stock Exchange US dollar market on Monday, trading fell back sharply from Friday’s levels with the volume of stocks traded declining a sizable 86 percent with an 84 percent lower value than on Friday, resulting in 10 securities traded, compared to 12 on Friday, with three rising, four declining and three ending unchanged and US Denominated Equities Index jumping 18 points to end at 212.22.
Investors exchanged 138,969 shares for US$22,959 versus 983,310 units at US$145,667 on Friday. The average trade on Monday was 13,897 units at US$2,296, down from 81,943 shares at US$12,139 on Friday, with a month to date average of 34,822 shares at US$6,022 versus 37,284 units at US$6,460 the previous day. July ended with an average of 49,665 units for US$3,449.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 one with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 5 US cents after exchanging 56,277 shares, Margaritaville finished at 14.98 US cents closed with 1,991 stock units changing hands, Productive Business Solutions climbed 32.25 cents to US$1.3225 with an exchange of 35 units. Proven Investments lost 0.93 of one cent to close at 22.01 US cents, with 61,159 stocks clearing the market, Sterling Investments rallied 0.05 of a cent to 2.05 US cents, with 5,400 stock units crossing the exchange, Sygnus Credit Investments USD share remained at 11.2 US cents, with 7,100 stocks crossing the market. Sygnus Real Estate Finance USD share dropped 1.85 cents to 10.65 US cents with the swapping of 1,000 units and Transjamaican Highway shed 0.11 of a cent to end at 0.86 of one US cent, with 3,000 shares crossing the market.
In the preference segment, JMMB Group 5.75% declined 0.25 of one cent to close at US$1.74 while exchanging 3,000 stocks and JMMB Group 6% rose 5 cents to US$1.10 trading seven stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.