Trading drops on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged declining 90 percent after 58 percent fewer US dollars changed hands than on Wednesday, resulting in trading in four securities, compared to 11 on Wednesday with prices of none rising, three declining and one ending unchanged.
The market closed with an exchange of 29,463 shares for US$5,112 compared to 288,604 units at US$12,293 on Wednesday.
Trading averaged 7,366 units at US$1,278 versus 26,237 shares at US$1,118 on Wednesday, with a month to date average of 59,402 shares at US$4,135 compared with 61,347 units at US$4,241 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index advanced 1.36 points to end at 249.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Proven Investments declined 0.01 of a cent to close at 15.99 US cents with investors swapping 28,004 units, Sygnus Real Estate Finance USD share remained at 12.74 US cents after an exchange of 422 stocks and Transjamaican Highway shed 0.01 of a cent in closing at 2.16 US cents with 984 shares crossing the market.
In the preference segment, Sygnus Credit Investments E8.5% dipped 10 cents to end at US$10.40 while exchanging 53 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.