Slippage for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands jumping 293 percent, with a 185 percent greater value than on Monday, resulting in nine securities being traded, compared to seven on Monday, with one rising, two declining and six ending unchanged.
Overall, 610,587 shares were traded for US$16,053 compared with 155,440 units at US$5,637 on Monday.
Trading averaged 67,843 units at US$1,784 versus  22,206 shares at US$805 on Monday, with a month to date average of 46,739 units at US$2,543 compared with 43,771 units at US$2,650 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index fell 4.12 points to 240.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents, with 545 shares crossing the market, Productive Business Solutions ended at US$1.80 after traders exchanged 6 units, Proven Investments ended at 14.8 US cents, with 1,076 stocks changing hands, Sterling Investments lost 0.18 of a cent in closing at 1.8 US cents as investors exchanged 109 stock units. Sygnus Credit Investments shed 1.5 cents in closing at 8 US cents with shareholders swapping 61,993 shares, Sygnus Real Estate Finance USD share ended at 10 US cents after switching ownership of 10 units and Transjamaican Highway gained 0.09 of a cent to close at 1.69 US cents in an exchange of 546,676 stocks.
In the preference segment, JMMB Group 5.75% closed at US$1.95 with an exchange of 52 stock units and Productive Business Solutions 9.25% preference share ended at US$12.50 while exchanging 120 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.