Trading slipped on the JSE USD Market

Trading slipped back from Thursday’s level as the Jamaica Stock Exchange US dollar market ended on a positive note on Friday, after the volume of stocks changing hands declined 23 percent, valued 19 percent less than Thursday, resulting in trading in five securities, compared to nine on Thursday with two rising, two declining and one ending unchanged as the JSE USD Equities Index gained 0.86 points to close at 231.90.
Overall, 1,234,958 shares were traded for US$16,361 compared with 1,608,959 units at US$20,097 on Thursday.
Trading averaged 246,992 units at US$3,272 versus 178,773 shares at US$2,23 on Thursday, with a month to date average of 172,829 shares at US$12,793 compared with 170,526 units at US$13,088 on the previous day. February ended with an average of 43,793 units for US$2,015.
The PE Ratio, a measure in computing appropriate stock values, averages 9.3. 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 two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 6.37 US cents and closed with 47 shares changing hands, Productive Business Solutions gained 28.49 cents to close at US$2.1849 as investors exchanged 561 stocks, Proven Investments dropped 0.5 of a cent to end at 17.5 US cents in switching ownership of 14,348 units. Sygnus Credit Investments lost 0.01 of a cent in ending at 9.49 US cents with investors transferring one stock unit and Transjamaican Highway advanced 0.09 of a cent to 1.09 US cents in trading 1,220,001 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.