Trading drops on the JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining 78 percent after 40 percent fewer US dollars changed hands compared with Thursday, resulting in trading in 10 securities, similar to market outcome on Thursday with prices of six rising, two declining and two ending unchanged.
The market closed with an exchange of 178,798 shares for US$56,398 compared to 827,138 units at US$94,452 on Thursday.
Trading averaged 17,880 units at US$5,640 down from 82,714 shares at US$9,445 on Thursday, with a month to date average of 52,146 shares at US$6,815 compared with 57,260 units at US$6,990 on the previous day and January with an average of 42,169 units for US$5,037.
The US Denominated Equities Index rose 0.21 points to wrap up trading at 254.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. 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 three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4.7 US cents after an exchange of 63 units, Proven Investments had investors trading 112,086 stocks at 14.5 US cents, Sterling Investments increased 0.2 of a cent to 1.7 US cents after a transfer of 118 shares. Sygnus Credit Investments fell 0.4 of a cent and ended at 8.5 US cents with traders dealing in 15,912 stock units, Sygnus Real Estate Finance USD share inched 1 cent higher to close at 8 US cents in an exchange of 15 shares and Transjamaican Highway popped 0.08 of a cent to 1.91 US cents, with 29,133 stock units crossing the market.
In the preference segment, JMMB Group US8.5% preference share gained 3 cents to end at US$1.08 in trading 10,077 stock units, JMMB Group 5.75% rose 1.15 cents to US$1.55 after 10,309 units passed through the market, Productive Business Solutions 9.25% preference share shed 1 cent and ended at US$11.05 with investors transferring 85 shares and Sygnus Credit Investments US 8% advanced 4 cents to close at US$10.54, with 1,000 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.