Steady JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining by 57 percent with a 14 percent lower value than on Thursday, and resulting from trading in eight securities, compared to nine on Thursday with four rising and four declining.
Overall, 299,535 shares were traded for US$25,772 compared with 694,591 units at US$29,863 on Thursday.
Trading averaged 37,442 shares at US$3,221, compared with 77,177 shares at US$3,318 on Thursday, with a month to date average of 66,592 shares at US$3,393, down from 74,634 units at US$3,440 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index increased by 0.04 points to close at 219.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville popped 0.24 of a cent to close at 10 US cents after exchanging 2,300 shares, Productive Business Solutions rose 7.52 cents to US$1.7365 in switching ownership of 29 units, Proven Investments shed 2.5 cents in closing at 16.5 US cents with 132,027 stock units clearing the market, Sterling Investments fell 0.12 of a cent to 1.87 US cents after 11,563 stocks crossed the market, Sygnus Credit Investments declined 0.04 of a cent after ending at 9.4 US cents and trading 3,131 stocks and Transjamaican Highway dipped 0.01 of a cent to 1 US cent after a transfer of 150,000 shares.
In the preference segment, JMMB Group 5.75% rallied 7.88 cents to close at US$2.20 with an exchange of 20 units and JMMB Group 6% gained 3 cents after ending at US$1.08 and closed with trading of 465 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.