Trading jumps on JSE USD Market, prices fall

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 87 percent, valued 27 percent more than on Wednesday, resulting in nine securities traded, compared to 10 on Wednesday with two rising, four declining and three ending unchanged.
Overall, 359,174 shares were traded for US$18,682 up from 191,964 units at US$14,483 on Wednesday.
Trading averaged 39,908 units at US$2,076 compared to  19,196 shares at US$1,448 on Wednesday, with a month to date average of 36,419 shares at US$2,513 versus 35,988 units at US$2,567 on the previous day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 3.15 points to end at 212.02.
PE Ratio, a measure used to compute appropriate stock values, averages 8.6 for the market. The PE ratio utilises ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share fell 0.34 of one cent to close at 7.15 US cents in switching ownership of 5,945 shares, Proven Investments lost 0.2 of a cent in ending at 19 US cents after it traded at an intraday low of 18.5 cents in trading 57,398 stocks, Sygnus Credit Investments J$ share remained at 15.63 US cents after exchanging three stock units. Sygnus Credit Investments USD share rallied 0.29 of a cent to 9.8 US cents with the swapping of 4,697 units and Transjamaican Highway declined 0.08 of one cent in closing at 0.91 of a US cent, with 288,969 stocks changing hands.
In the preference segment, Productive Business 9.25% preference share climbed 10 cents to close at a 52 weeks’ high of US$11.10 while exchanging 100 units. Eppley 6% preference share ended at US$1.13 in trading six stock units, Equityline Mortgage Investments preference share shed 10 cents in closing at US$1.75 after trading 56 shares and JMMB Group 5.75% remained at US$1.50 with 2,000 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.