Trading down on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands declining 54 percent with the value 14 percent lower than on Friday, resulting from trading of seven securities, compared to eight on Friday with prices of two rising, three declining and two ending unchanged leading to the JSE USD Equities Index losing 1.93 points to end at 230.57.
Overall, 48,673 shares were traded for US$8,035 down from 105,350 units at US$9,368 on Friday.
Trading averaged 6,953 units at US$1,148 versus 13,169 shares at US$1,171 on Friday, with a month to date average of 8,422 shares at US$3,440 compared with 8,869 units at US$4,137 on the previous day. February ended with an average of 43,793 units for US$2,015.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com earnings for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, MPC Caribbean Clean Energy popped 2.33 cents to 69 US cents with an exchange of 51 shares, Proven Investments shed 0.5 of a cent to end at 18.5 US cents with an exchange of 8,600 units, Sygnus Credit Investments J$ share dipped 0.01 of a cent to close at 10.2 US cents with the swapping of 550 stocks. Sygnus Credit Investments USD share lost 0.19 of a cent in closing at 9.8 US cents as 4,400 stock units passed through the market and Transjamaican Highway rallied 0.06 of a cent to 0.96 US of one US cent with 29,938 stocks clearing the market.
In the preference segment, JMMB Group 5.75% remained at US$2.01 after a transfer of 58 shares and JMMB Group 6% ended at US$1.09 with a transfer of 5,076 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.