The Junior Market Index plunged for a second day with a loss of 74.82 points and follows the 62 pints drop on Monday to settle at 3,778.10 as trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded moderately higher than on Monday with a 19 percent higher value, following trading in 44 securities compared with 43 on Monday and ended with prices of 16 rising, 21 declining and seven closing unchanged.
Investors traded 10,150,305 shares for $21,390,870 compared with 9,598,734 units at $18,018,458 on Monday.
Trading averaged 230,689 shares at $486,156 compared to 223,226 shares at $419,034 on Monday with the month to date, averaging 222,612 units at $497,455 compared with 221,585 stock units at $498,892 on the previous day. July closed with an average of 326,541 units at $843,878.
JFP Ltd led trading with 2 million shares for 19.7 percent of total volume, ONE on ONE Educational followed with 1.33 million units for 13.1 percent of the day’s trade and Derrimon Trading with 1.06 million units for 10.5 percent of the day’s trade.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial increased $2.35 to end at $25.15 after just 3 shares passed through the market, Blue Power fell 45 cents to a 52 weeks’ low of $2 after exchanging 867 stock units, CAC 2000 advanced 25 cents to close at $6.15 in trading 1,999 units. Cargo Handlers lost $2.61 and ended at $16.04 in an exchange of 4,104 stocks, Caribbean Flavours shed 8 cents in closing at $1.24 after 25,240 units crossed the exchange, Derrimon Trading dipped 10 cents to close at $1.85 with an exchange of 1,062,570 stock units. 
Dolphin Cove declined 38 cents to end at $16.02 with 14,362 shares crossing the market, EduFocal dropped 25 cents in closing at a 52 weeks’ low of $1.40 with investors transferring 954,371 stocks, Elite Diagnostic popped 26 cents and ended at $2.05 and closed with a mere two stock units trading. Express Catering dropped 60 cents to $4.50 in an exchange of 81,915 units, Fosrich dipped 14 cents and ended at $2, with 490,708 stocks changing hands, Future Energy Source climbed 19 cents to close at $3.87 with stakeholders trading 66,674 shares. Honey Bun rose 35 cents to $6.27 with a transfer of 3,247 shares, ISP Finance rallied 17 cents in closing at $21.40 with 3 stocks clearing the market, Lasco Manufacturing declined 72 cents to end at $4.56 as investors exchanged 194,300 stock units. Limners and Bards gained 8 cents in closing at $1.81 after an exchange of 32,192 units, 
Medical Disposables gained 25 cents in closing at $4.85 with shareholders swapping 95 units and MFS Capital Partners popped 8 cents to close at $2.39 after trading 171,923 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another big fall for Juniors as others fall
All three Jamaica Stock Exchange markets fell on Tuesday but the Junior Market took another battering, falling 75 points on top of the more than 62 points fall on Monday, the JSE USD and Main Markets slipped lower to close out the day with a rise in the volume of stocks trading but with a much lower value than on Monday.
At the close, the JSE Combined Market Index fell 1,474.35 points to close at 334,477.95, the All Jamaican Composite Index shed 612.08 points to end at 353,837.05, the JSE Main Index fell 846.13 points to end at 321,405.80, the Junior Market Index dived 74.82 points to 3,778.10, while the JSE USD Market Index slipped 4.15 points to close at 240.41.
Preference share trading ended with the only notable price change being that of Jamaica Public Service 7% with a rise of $15 to end at $65.
At the close, investors dealt in 23,384,296 shares in all three markets, up from 20,682,647 stocks on Monday. The value of stocks traded on the Junior and Main markets ended at $61.7 million, up sharply from $109.34 million on Monday. Trading on the JSE USD market ended with investors exchanging 610,587 shares for US$16053, compared with 155,440 units at US$5,637 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.9 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Big fall for Junior Market
The Junior Market of the Jamaica Stock Exchange suffered a big fall on Monday, with the market index diving 62.55 points to end at 3,852.92 even as the volume of stocks traded climbed 104 percent valued 64 percent more than in trading on Friday. 
At the close 43 securities were traded compared with 44 on Friday and ended with 11 rising, 21 declining and 11 closing unchanged.
Investors traded 9,598,734 shares for $18,018,458 up from 4,704,278 units at $11,000,031 on Friday.
Trading averaged 223,226 shares at $419,034 compared with 106,915 units at $250,001 on Friday. Trading for the month to date averaged 221,585 stock units at $498,892 compared with 221,353 shares at $510,225 on the previous day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 2.69 million shares for 28 percent of total volume, followed by Fosrich with 1.08 million units for 11.2 percent of the day’s trade and EduFocal with 1.03 million units for 10.8 percent of the day’s volume.
The PE Ratio, a measure of computing appropriate stock values, averages 10.6. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial fell 8 cents to $22.80 with stakeholders exchanging 1,166 shares, CAC 2000 climbed $1.37 to end at $5.90 with investors trading 4,465 units, Cargo Handlers declined 15 cents to $18.65 with 2,648 stocks changing hands. Dolla Financial lost 15 cents and ended at $2.65 after investors traded 378,146 stock units, EduFocal advanced 16 cents to $1.65, with 1,033,874 shares crossing the market, Elite Diagnostic shed 32 cents in closing at $1.79, with an exchange of 24,127 units. Everything Fresh rallied 26 cents to close at $1.60 after 263,201 stock units passed through the exchange, 
Future Energy Source dropped 17 cents to $3.68 with 211,783 stocks clearing the market, General Accident dipped 39 cents and ended at $4.50 with a transfer of 205,853 shares. Honey Bun fell 13 cents to end at $5.92 while exchanging 2,932 stock units, Image Plus Consultants increased 11 cents to close at $2.25 with an exchange of 618,000 stocks, JFP Ltd dipped 20 cents to end at $1.60 after 318,000 units changed hands. Lasco Manufacturing rose 40 cents to $5.28 in trading 14,242 stocks, Main Event gained 53 cents and ended at $15.93 with shareholders swapping 19,419 units, Medical Disposables dropped 25 cents in closing at $4.60, with 6,230 shares crossing the market. 
MFS Capital Partners declined 17 cents to $2.31 and closed with an exchange of 80,961 stock units and Regency Petroleum shed 11 cents to $2.40 as 362,805 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market pops on Monday
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 31 percent, valued 68 percent lower than on Friday, resulting in seven securities traded, compared to six on Friday, with three rising, two declining and two ending unchanged.
A total of 155,440 shares were traded for US$5,637 compared with 118,609 units at US$17,580 on Friday.
Trading ended with an average of 22,206 shares at US$805 compared to 19,768 shares at US$2,930 on Friday, with a month to date average of 43,771 shares at US$2,650 compared with 46,419 units at US$2,877 on the previous trading day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index popped 2.16 points to close at 244.56.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents and closed with 509 shares being traded, Margaritaville popped 0.1 of a cent to end at 11 US cents in trading 2,130 units, 
Proven Investments rose 0.3 of a cent and ended at 14.8 US cents, with 251 stocks crossing the market. Sterling Investments popped 0.02 of a cent to 1.98 US cents with investors trading six stocks, Sygnus Credit Investments dropped 1.41 cents to close at 9.5 US cents with 32,422 stock units clearing the market and Transjamaican Highway dipped 0.05 cents and ended at 1.6 US cents in an exchange of 120,000 units.
In the preference segment, JMMB Group 5.75% ended at US$1.95 as investors exchanged 122 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market rally but falling stocks dominate
Stocks rose following an increase in the level of trading activity on the Jamaica Stock Exchange Main Market on Monday, leading to trading in 61 securities compared with 58 on Friday, with the prices of just stocks 14 rising, 31 declining and 16 ending unchanged with the volume of stocks traded rising 42 percent and the value 71 percent more than on Friday with the prices of three stocks closing at 52 weeks’ low and one trading at an intraday 52 weeks’ low.
Trading picked up with 10,928,473 shares being traded for $91,325,752 compared with 7,673,086 units at $53,319,630 on Friday.
Trading averaged 179,155 shares at $1,497,143 versus 132,295 units at $919,304 on Friday and month to date, an average of 474,443 units at $2,177,053 compared to 519,362 stocks at $2,280,480 on the previous trading day. Trading in July closed with an average of 283,368 units at $2,135,482.
Transjamaican Highway led trading with 3.15 million shares for 28.9 percent of the volume, followed by Wigton Windfarm, with 2.24 million units for 20.5 percent of the day’s trade and QWI Investments ended with 1.19 million units for 10.9 percent of trading.
The All Jamaican Composite Index rallied 822.60 points to close at 354,449.13, the JSE Main Index gained 1,017.76 points to close at 322,251.93 and the JSE Financial Index advanced 0.35 points to finish at 70.82.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments dropped 68 cents to close at $74.30, with 158,792 shares passing through the market, Caribbean Cement fell $1.63 and ended at $50.12 after it closed with an exchange of 70,834 stocks, Eppley gained 99 cents to end trading of 3 units at $35.99. GraceKennedy dipped $1 to end at $76.50, with 327,657 stock units crossing the market, Guardian Holdings rallied $19.75 in closing at $439.75 with investors transferring just 9 stock units, Jamaica Stock Exchange fell 5 cents to end at a 52 weeks’ low of $9.95 in trading 33,985 shares, JMMB Group shed 49 cents in closing at $27.51 in switching ownership of 14,491 stocks. Massy Holdings declined $1.80 and ended at $101.20 with an exchange of 1,084 shares, 
Pan Jamaica lost $1.49 to end at a 52 weeks’ low of $45.01 after an exchange of 374,708 units, Pulse Investments rose 25 cents to close at $2.50, but only after hitting an intraday 52 weeks’ low of $2 with an exchange of 927,882 shares, Portland JSX dipped $1.29 to $9.50, with 20,001 shares changing hand., Radio Jamaica fell to 7 cents to close at a 52 weeks’ low of $148 and traded 527,202 shares, following release of first quarter results showing flat revenues and a modest decline in its loss for the June quarter. Seprod lost 70 cents to close at $69.30 with 2,789 stock units clearing the market and Stanley Motta dropped 34 cents and ended at $4.51 after 9,489 stocks crossed the market.
In the preference segment, Eppley 5% preference share advanced $1.03 to $22 in an exchange of 677 units, 
Jamaica Public Service 7% shed $2 in closing at $50 in trading 1,993 shares and 138 Student Living preference share climbed $6.50 to end at $99.98 with shareholders swapping a mere one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for Junior Market, Main Market gains
The Junior Market of the Jamaica Stock Exchange plunged on Monday but the JSE USD Market inched higher at the close while the Main market recorded gains to start off the week positively, following a jump in both volume and value of stocks trading on the exchange.
At the close, the JSE Combined Market Index rose 377.13 points to close at 335,952.31, the All Jamaican Composite Index rallied 822.60 points to close at 354,449.13, the JSE Main Index rallied 1,017.76 points to close at 322,251.93, the Junior Market Index dived 62.33 points to 3,853.92, while the JSE USD Market Index popped 2.18 points to close at 244.58.
Preference share trading ended with notable price changes for Eppley 5% preference share advanced $1.03 to $22, Jamaica Public Service 7% shed $2 in closing at $50 and 138 Student Living preference share climbed $6.50 to end at $99.98.
At the close, investors dealt in 20,682,647 shares, in all three markets, up from 12,495,973 stocks on Friday. The value of stocks traded on the Junior and Main Markets ended at $109.34 million, up sharply from $64.3 million on Friday. Trading on the JSE USD market ended with investors exchanging 155,440 shares for US$5,637, compared with 118,609 units at US$17,580 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.4 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between them and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Declining stocks top ICTOP10
Only one ICTOP10 Junior Market stock rose at the end of the past week while six declined, with the Main Market fearing a bit better, with six declining and three rising as the week closed with no new additions to the TOP10 lists.
The Junior Market’s Caribbean Assurance Brokers rose 13 percent to $2.95 while Iron Rock Insurance dropped 13 percent to $2.10, followed by a 12 percent decline for Everything Fresh to close at $1.34, Edufocal lost 10 percent to $1.49 and OneonOne, Dolphin Cove and Image Plus all lost 4 percent.
The Main Market had a 15 percent rise in Key Insurance to $2.88, followed by a 9 percent increase in 138 Student Living to $4.65. Jamaica Broilers fell 9 percent to $31.99, Caribbean Cement lost 6 percent to end at $51.75, followed by a 5 percent fall in Guardian Holdings and Margarittaville down 4 percent to 10.9 US cents.
Key Insurance was three of the TOP10 companies to release results in the week. The half year results ended with revenues up 23 percent to $1.3 billion and profits of $14 million and $9 million for the June quarter, both were helped by Investment income that jumped $118 million from $47 million in the six months and $62 million versus $29 million in the June quarters.
Everything Fresh reported a 14.4 percent increase in revenues to $827 million for the June quarter and a 32 percent jump for the half year to $1.67 billion and a profit of $43 million for the second quarter compared with $30 million in 2022 for the June quarter, and $78 million r the half year versus $38 million in 2022.
Edufocal reported a 36 percent jump in revenues to $98 million in the June quarter and a 59 percent jump for the half year to $211 million, delivering a profit of $23 million for the second quarter compared with $10 million for the June 2022 quarter and $66 million for the half year versus $12 million in 2022.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.3, well below the market average of 13.1. The Main Market TOP10 is projected to have an average of 317 percent, to May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks representing 30 percent of the Main Market are priced at a PE of 15 to 95, with an average of 30 and 20 excluding the highest PE ratios, with a PE of 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.3 compared with the market at 10.6. There are 11 stocks representing 23 percent of the market, with PEs from 15 to 34, averaging 19, which is well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently, and is projected to rise by 278 percent to May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
One Great Studio comes to market
One Great Studio Company seems set to be the 49th listed Junior Market company and the second to list in 2023, a year of limited interest in listings.
The Company was incorporated in Jamaica in July 2012 and provides web design, search engine optimization, web development and software development services.
Just over 338.62 million Ordinary Shares are being sold to the public at $1 each, with half of the amount reserved for Key partners. Applications must be for a minimum of 10,000 Shares. Some $338.6 million is slated to be raised from the issue. Some of the proceeds will be used to reduce long-term loans.
A total of 1,354,503,636 shares are currently issued and will climb to 1,693,131,075 units if the issue is entirely taken up.
The Invitation will open on August 28, with the Closing Date set for September 18, but it should close very close to the opening date. Barita Investments are the broker for the issue.
Increase in revenues since 2021 shows strong growth, with the quarter to March this year generating sales of $115 million, up from $44 million in the first quarter of 2022, an increase of 160 percent and amounts to 48 percent of the full year revenues of $239 million to December last year. Revenues in 2021 amounted to $128 million.
Djuvane Browne, Chief Executive Officer.
Pretax profit amounts to $29 million for the March 2023 quarter versus $35 million for the twelve months to December 2022, compared to pretax profit of $29 in 2021. Projections by the Company show revenues rising to $538 million for 2023 and pretax profit of $137 million, if achieved, it will result in the PE ratio of the IPO being 10 times current year’s earnings, with the stock likely to double after listing.
Consistent with our projected increases in revenues, we are projecting that with the incorporation of the business infrastructure and other operations, to see growth in Profit before Tax moving from $35.47 million in 2022 to $136.92 million in 2023.
The group delivered a gross profit margin of 52 percent for the March quarter, with 2022 delivering 53 percent and 59 percent for 2021.
Total current assets in March 2023 amount to $178 million, with cash and Investments of $131 million. Total current liabilities ended at $57 million, Long-term loans amount to $290 million, with shareholders’ equity of $181 million.
The directors are John Bailey, Djuvane Browne, Chief Executive Officer, Gina DeLisser, and Jacqueline Sharp, former CEO of Scotia Group, who are all listed as business persons. At the same time, Simone Bowie Jones and Marc Ramsay are Attorney-at-Law.
More decline for JSE Main Market
The Main Market of the Jamaica Stock Exchange dropped on Friday, following slippage for the past two days and ended with the volume of stocks traded declining 51 percent and the value 82 percent 
lower than on Thursday, after 58 securities were traded compared to 56 on Thursday and ended with prices of 20 stocks rising, 19 falling and 19 unchanged.
A total of 7,673,086 shares were traded for $53,319,630 compared with 15,739,565 units at $290,871,744 on Thursday.
Trading averaged 132,295 shares at $919,304 compared to 281,064 stocks at $5,194,138 on Thursday and month to date, an average of 519,362 stocks at $2,280,480, compared with 584,813 units at $2,510,650 on the previous day. July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 2.84 million shares for 37.1 percent of total volume, followed by Transjamaican Highway with 1.96 million units for 25.6 percent of the day’s trade and QWI Investments with 714,274 units for 9.3 percent market share.
The All Jamaican Composite Index shed 2,943.11 points to end at 353,626.53, the JSE Main Index dropped 2,292.56 points to 321,234.17 and the JSE Financial Index dipped 0.95 points to 70.47.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Carreras gained 31 cents to end at $8.45 after a transfer of 142,571 shares, First Rock Real Estate fell 63 cents to $8.87 with a transfer of 7,533 stock units, GraceKennedy climbed $1.48 in closing at $77.50 after 4,992 units were traded.
Guardian Holdings fell $20 to $420 with investors transferring 22,192 stocks, Jamaica Broilers dipped 51 cents to close at $31.99 in an exchange of 42,648 stock units, Kingston Properties popped 52 cents and ended at $7.42, with 6 units clearing the market. Pan Jamaica rose 50 cents to $46.50, with 341 stocks crossing the market, Proven Investments rose 94 cents to $23, with 4,451 shares changing hands, Sagicor Group climbed 48 cents to end at $44.98 with an exchange of 29,517 stocks. Scotia Group dipped 50 cents to close at $34, with 22,601 units crossing the market, Stanley Motta rallied 35 cents to end at $4.85 with investors swapping just one stock unit and Sygnus Credit Investments climbed 54 cents and ended at $12.04 after trading 21,558 shares.
In the preference segment, Jamaica Public Service 7% lost $2 to end at $52 as investors exchanged 3 stock units, 
JMMB Group 7% preference share advanced 31 cents to $2.25, with 950 stocks crossing the exchange and 138 Student Living preference share rose $8.50 to close at $93.48 after 218 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday with an 89 percent decline in the volume of stocks changing hands, valued 51 percent lower than on Thursday and resulting in six securities being traded, as was the case on Thursday and ended with two rising, one falling and three ending unchanged.
A total of 118,609 shares were traded for US$17,580 compared with 1,054,854 units at US$35,623 on Thursday.
Trading averaged 19,768 units at US$2,930 compared with 175,809 shares at US$5,937 on Thursday, with a month to date average of 46,419 shares at US$2,877 compared to 49,555 units at US$2,870 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index added 0.14 points to finish at 242.40.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. 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 ended with bids higher than their last selling prices and none with a lower offer.
At the close, Productive Business Solutions ended at US$1.80 after an exchange of 4 shares, Proven Investments fell 0.3 of a cent to close at 14.5 US cents after 52,992 stock units passed through the market, 
Sygnus Real Estate Finance USD share remained at 10 US cents closed with an exchange of 1,400 units and Transjamaican Highway popped 0.05 of a cent in closing at 1.65 US cents with investors exchanging 62,160 stocks.
In the preference segment, JMMB Group 5.75% remained at US$1.95, with investors transferring 1,600 shares and Productive Business Solutions 9.25% preference share rose 50 cents and ended at US$12.50 after a transfer of 453 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
