Stocks soften on JSE US Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday with a 347 percent jump in the volume of stocks exchanged after a 33 percent rise in value on Friday, resulting in seven securities traded, similar to Friday with one rising, five declining and one ending unchanged, but the market closed with negative sentiment as shown by the Investor’s Choice bid-offer indicator.
A total of 266,444 shares were traded for US$23,622 compared to 59,640 units at US$17,809 on Friday.
Trading averaged 38,063 units at US$3,375 up from 8,520 shares at US$2,544 on Friday, with month to date average of 31,745 shares at US$3,861 versus 31,075 units at US$3,913 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index lost 3.43 points to end at 244.08.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and five with lower offers.
At the close, First Rock Real Estate USD share rallied 0.87 of a cent to end at 7.97 US cents in an exchange of 8,019 shares, Proven Investments lost 0.98 of one cent in closing at 19 US cents while exchanging 69,608 units, Sterling Investments declined 0.05 of a cent after ending at 1.95 US cents and trading 12,640 stock units. Sygnus Credit Investments USD share shed 0.01 of a cent to 9.11 US cents and closed with 25,500 stocks changing hands, Sygnus Real Estate Finance USD share fell 0.64 of a cent to close at 11 US cents in switching ownership of 8,963 stock units and Transjamaican Highway dropped 0.04 of a cent after ending at 0.91 of one US cents in exchanging 138,395 shares.
In the preference segment, JMMB Group 5.75% ended at US$1.50 with the swapping of 3,319 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.