Trading drops on JSE USD Market

Trading fell off on the Jamaica Stock Exchange US dollar Market on Wednesday, with a 60 percent drop in the volume of stocks changing hands, valued 56 percent less than on Tuesday and resulting in trading in seven securities, compared to eight on Tuesday, with two rising, two falling and three ending unchanged.
A total of 372,527 shares were traded for US$9,733 compared with 934,611 units at US$22,159 on Tuesday.
Trading averaged 53,218 shares at US$1,390 compared with 116,826 shares at US$2,770 on Tuesday, with a month to date average of 101,410 shares at US$2,839 compared to 106,600 units at US$2,995 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index declined 10.39 points to conclude trading at 242.00.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.9. 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 three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share fell 0.74 of a cent to 3.85 US cents with a transfer of 59,000 shares, Margaritaville ended at 9.35 US cents after 1,082 units were traded, Proven Investments dipped 0.04 of a cent to 14 US cents after an exchange of 1,600 stocks, Sterling Investments ended at 2 US cents with 2,489 stock units changing hands and Transjamaican Highway ended at 1.85 US cents, with stakeholders trading 308,167 stocks.
In the preference segment, Productive Business 9.25% preference share rallied 45 cents to close at US$13.45, with 134 stock units crossing the market and JMMB Group 6% increased by 1 cent in closing at US$1.09 in an exchange of 55 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.