Trading falls on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 51 percent, with a 79 percent lower value than on Monday, resulting in six securities traded, compared to 11 on Monday with three rising, three declining and no ending unchanged.
A total of 90,382 shares were traded, for only US$2,822 compared to 183,401 units at US$13,204 on Monday.
Trading averaged 15,064 units at US$470 compared with 16,673 shares at US$1,200 on Monday, with the month to date averaging 51,638 shares at US$4,189 compared with 54,023 units at US$4,431 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index declined 0.89 points to 254.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on last traded prices divided by projected earnings done by for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville popped 0.01 of a cent to close at 11.5 US cents with investors dealing in 8,406 shares, Proven Investments rose 0.3 of a cent to 14.8 US cents as investors exchanged 130 stocks, Sterling Investments skidded 0.05 of a cent to end at 1.9 US cents with traders dealing in 13,000 stock units. Sygnus Credit Investments rallied 0.03 of a cent to 9.05 US cents in switching ownership of 5,000 units and Transjamaican Highway lost 0.09 of a cent in closing at 1.61 US cents with stakeholders exchanging 63,801 units.
In the preference segmentJMMB Group 5.75% dipped 1 cent to close at US$2.25 with investors swapping 45 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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