Trading down on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 52 percent and valued 65 percent lower than on Monday, resulting in nine securities traded, compared to eight on Monday, with one rising, five falling and three ending unchanged.
Overall, 256,229 shares were traded for US$22,972 down from 534,157 units at US$64,761 on Monday.
Trading averaged 28,470 units at US$2,552, versus 66,770 shares at US$8,095 on Monday, with month to date average of 38,415 shares at US$2,240 compared with 40,361 units at US$2,179 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 5.76 points to end at 226.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share shed 0.02 of a cent after ending at 7.85 US cents after 5,042 shares passed through the market, Margaritaville climbed 0.4 of a cent to end at 14.4 US cents in exchanging 98,829 stocks, Productive Business Solutions ended at US$1.70 in switching ownership of 6 units. Proven Investments dropped 0.09 of a cent in closing at 19.8 US cents with a transfer of 35,252 stock units; Sterling Investments declined 0.16 of one cent to 1.9 US cents with the swapping of 4,898 units, Sygnus Credit Investments USD share remained at 10 US cents after exchanging 10,010 stocks and Transjamaican Highway dipped 0.07 of a cent to 0.9 of one US cent after 102,168 shares were transferred.
In the preference segment, JMMB Group 5.75% remained at US$1.7365 after a transfer of 5 stock units and JMMB Group 6% fell 1 cent to close at US$1.09 after finishing trading 19 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.