Trading drops on the JSE USD Market

The volume of stocks traded dropped 25 percent on Monday compared with Friday to start off the second quarter of the year on the Jamaica Stock Exchange US dollar market ended, with changing hands as funds passing through the market declined marginally and resulted in trading in eight securities, compared to five on Friday and ended with three rising, three declining and two ending unchanged.
A total of 929,408 shares were traded for US$15,231 compared with 1,234,958 units at US$16,361 on Friday.
Trading on Monday averaged 116,176 shares at US$1,904 compared with 246,992 shares at US$3,272 on Friday. Trading averaged 172,829 units for US$12,793 in March
The JSEUSD Equities Index lost 2.23 points to end at 229.67. The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share ended at 6.37 US cents while exchanging 34 units, Productive Business Solutions dipped 38.49 cents to US$1.80 with investors transferring 113 stock shares, Proven Investments gained 0.5 of a cent after ending at 18 US cents in switching ownership of 2,360 units. Sygnus Credit Investments declined 0.05 of one cent to close at 9.44 US cents in trading 300 shares, Sygnus Real Estate Finance USD share remained at 7 US cents after an exchange of 1,056 units and Transjamaican Highway increased 0.01 of a cent to 1.10 US cents crossing the exchange 925,181 stock units.
In the preference segment, Productive Business 9.25% fell 50 cents to end at US$12.50 with an exchange of 343 shares and JMMB Group 5.75% rose 17 cents in closing at US$2.17 after trading 21 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.