Trading drops on JSE USD Market

Trading dropped on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks changing hands declining 85 percent, valued 91 percent lower than on Tuesday, resulting in seven securities traded, compared to five on Tuesday with three rising, two declining and two ending unchanged.
A total of 15,447 shares were traded for US$1,416, down from 106,437 units at US$16,273 on Tuesday.
Trading averaged 2,207 units at US$202 down from 21,287 shares at US$3,255 on Tuesday, with a month to date average of 42,410 shares at US$2,109 compared to 45,116 units at US$2,237 on the previous day. January closed with an average of 48,604 units for US$4,865.
The JSE USD Equities Index gained 0.09 points to end at 249.36.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years 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 four with lower offers.
At the close, Margaritaville ended at 12.5 US cents as investors exchanged 955 shares, Proven Investments rose 0.1 of a cent to 19 US cents, with 5,014 units crossing the market, Sterling Investments increased 0.25 of one cent in closing at 2 US cents after a transfer of 5,559 stock units. Sygnus Credit Investments USD share dropped 0.4 of a cent after ending at 9.6 US cents and exchanging 900 stocks and Transjamaican Highway lost 0.01 of one cent to end at 0.94 of one US cent with a transfer of 3,000 shares.
In the preference segment, Productive Business 9.25% preference share closed at US$12 with 9 stocks crossing the exchange and Eppley 6% preference share rallied 5 cents to US$1.15 while exchanging 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.