Trading drops on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 66 percent valued 60 percent lower than on Monday, resulting in trading in seven securities, the same as Monday with one rising, four declining and two ending unchanged.
Overall, 447,072 shares were exchanged for US$12,058 compared with 1,296,152 units at US$30,168 on Monday.
Trading averaged 63,867 units at US$1,723 versus 185,165 shares at US$4,310 on Monday, with a month to date average of 124,516 shares at US$3,016 compared with June that ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index lost 6.53 points to close at 242.49.
The PE Ratio, the most common stock valuation measure, averages 8.9. The PE ratio is computed 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 four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share dipped 0.1 of a cent to end at 4 US cents after an exchange of 18,106 shares, Proven Investments fell 1 cent to 15 US cents, with 20,798 units crossing the exchange, Sterling Investments remained at 1.6 US cents and closed with an exchange of 13,651 stock units. Sygnus Credit Investments rose 1 cent to 11 US cents in trading 1,820 stocks and Transjamaican Highway ended at 1.65 US cents with stakeholders exchanging 392,584 stock units.
In the preference segment, Productive Business 9.25% preference share shed US$1 to end at US$11.50, with 100 shares changing hands and JMMB Group 6% dropped 0.4 of a cent and ended at US$1.18, with 13 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.