Transjamaican Highway drags JSE USD market down.
The volume of stocks trading on Thursday after investors exchanged 373 percent more shares valued 22 percent less than on Wednesday and ending more slippage in the index stocks ending unchanged on the USD market.
Trading ended with four securities changing hands, the same number as on Wednesday, and with the prices of one stock declining, none rising and three remaining unchanged.
The JSE USD Equity Index fell 4.23 points to end at 184.31, with the market now more than one percent lower than the December close after Transjamaican Highway sank to the lowest point in twelve months. The PE Ratio, a measure that computes an appropriate value of a stock, averaged 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 1,203,958 shares traded for US$22,523 compared to 254,770 units at US$28,741 on Wednesday.
Trading averaged 300,990 units at US$5,631, compared to 63,693 shares at US$7,185 on Wednesday. Trading month to date averages 118,832 units at US$10,317 in contrast to 104,820 units at US$10,677 on Wednesday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than their last selling price and three with lower offers.
At the close, First Rock Capital settled at 8 US cents with investors switching ownership of 11,506 shares, Proven Investments remained at 24 US cents with a transfer of 29,711 units and Transjamaican Highway dropped 0.11 of a cent to end at a 52 weeks’ low of 0.70 US cents, with 1,159,741 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% closed at US$2.10 with 3,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The prices of all stocks trading on Friday on the Jamaica Stock Exchange USD market declined with five securities changing hands, compared to two on Thursday with none of the five stocks trading was able to post gains at the close with 35 percent fewer shares changing hands than on Thursday. 
At the close, Proven Investments dipped 1 cent to 25 US cents with 11,020 shares traded, Sterling Investments slipped 0.4 of a cent to 1.9 US cents, with 4,000 stock units changing hands, Sygnus Credit Investments lost 0.7 of a cent to 14 US cents, after 8,228 stocks crossed through the exchange and Transjamaican Highway fell 0.01 of a cent to 0.88 US cents, with 1,850 stock units crossing the exchange.
At the close, six securities changed hands, similar to Monday, two gained, three declined and one finished unchanged.
Margaritaville advanced 1 cent to 10 US cents with 9,962 stock units changing hands, MPC Caribbean Clean Energy climbed 22 cents to US$1.15 with investors switching ownership of 310 units. Sygnus Credit Investments finished at 15.01 US cents with a transfer of 2,000 shares and Transjamaican Highway lost 0.06 of a cent to settle at 0.86 US cents with 467,450 units crossing the exchange.