Trading falls back on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged declining 60 percent less valued 85 percent lower than on Tuesday, resulting in seven securities traded, compared to 11 on Tuesday with one rising, three falling and three ending unchanged.
A total of, 403,042 shares were traded for US$6,401, down from 1,000,947 units at US$41,599 on Tuesday. Trading averaged 57,577 units at US$914 versus 90,995 shares at US$3,782 on Tuesday, with a month to date average of 53,206 shares at US$7,288 versus 53,049 units at US$7,517 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index gained 1.80 points to end at 205.56. The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks 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 unchanged at 4 US cents after trading 6,150 shares, MPC Caribbean Clean Energy increased 10 cents to close at US$1.10, with three stocks changing hands, Productive Business Solutions advanced 4.25 cents to end at US$1.3225 after exchanging three units. Proven Investments remained at 20 US cents after trading 405 stock units, Sygnus Credit Investments USD share dropped 0.9 of a cent to 12.1 US cents, with 23,697 units crossing the market and Transjamaican Highway declined 0.01 of a cent in closing at 0.8 of one US cent after exchanging 372,778 stocks.
In the preference segment, JMMB Group 6% climbed 2 cents aft ending at US$1.10 after switching ownership of 6 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.