Trading drops on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining 39 percent with a 22 percent lower value than on Tuesday, resulting in an exchange of seven securities, up from five on Tuesday with prices of five rising, one declining and one ending unchanged.
The market closed with an exchange of 341,763 shares for US$37,023 down from 559,013 units at US$47,507 on Tuesday.
Trading averaged 48,823 shares at US$5,289 compared to 111,803 shares at US$9,501 on Tuesday, with a month to date average of 151,112 shares at US$5,366 compared with 165,724 units at US$5,376 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index slipped 0.90 points to end trading at 235.65.
The PE Ratio, a popular measure used to determine appropriate stock values, averages 8.2. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Proven Investments popped 0.05 of a cent to finish at 10 US cents in an exchange of 33,307 stocks, Sterling Investments skidded 0.01 of a cent to 1.6 US cents with investors trading 60 units, Sygnus Credit Investments increased 0.01 of one cent to close at 7 US cents after a transfer of 46,000 shares and Transjamaican Highway climbed 0.2 of a cent to end at 2.2 US cents with 238,309 stock units clearing the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.05 in trading 24,079 shares, JMMB Group 5.75% rose 13 cents and ended at US$1.98 with 7 stocks changing hands and Sygnus Credit Investments E8.5% advanced 78.89 cents to US$10.29 after an exchange of just one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.