Slippage for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands jumping 528 percent after a 1,990 percent surge in the amount of US dollars that changed hands compared to Friday, resulting in trading in seven securities, compared to five on Friday and ended with no price gains, after four stocks declined and three ended unchanged.
The market closed with trading of 452,800 shares for US$59,221 up from 72,092 units at just US$2,833 on Friday.
Trading averaged 64,686 units at US$8,460 versus 14,418 shares at US$567 on Friday, with a month to date average of 57,731 shares at US$6,546 compared with 56,572 units at US$6,228 on the previous trading day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index lost 0.80 points to wrap up trading at 255.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.7. 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 five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Proven Investments ended at 13.49 US cents with investors dealing in 2,184 stocks, Sterling Investments dipped 0.15 of a cent to 1.85 US cents in an exchange of 5,366 units, Sygnus Credit Investments remained at 8.9 US cents, with 1,050 shares crossing the market and Transjamaican Highway fell 0.05 of a cent to close at 2 US cents with traders dealing in 403,502 stock units.
In the preference segment, JMMB Group US8.5% preference share sank 10.17 cents and ended at US$1.0483, with 39,898 shares crossing the exchange, Sygnus Credit Investments US 8% ended at US$10.50 with investors swapping 100 stock units and Sygnus Credit Investments E8.5% dipped 75 cents in closing at US$11 after an exchange of 700 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.