Trading slips on the JSE USD market

Trading on Wednesday ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands declining 77 percent and the value dropping 41 percent below Tuesday, resulting in declining stocks edging out those rising.
A total of six securities traded, similar to Tuesday, with two rising, three declining and one ending unchanged. The JSE US Denominated Equities Index slipped 0.17 points to end at 221.63.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 230,992 shares traded for US$54,610 down from 994,124 units at US$93,195 on Tuesday.
Trading averaged 38,499 units at US$9,102, versus 165,687 shares at US$15,533 on Tuesday, with the month to date average of 109,618 shares at US$5,869 up from 116,613 units at US$5,551 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows one stock ended with a  higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.35 of a cent to 7.95 US cents after trading 1,509 shares, Proven Investments shed 0.71 of a cent to close at 24 US cents in trading 211,139 units, Sterling Investments lost 0.02 of a cent in closing at 2.25 US cents after exchanging 400 stock units. Sygnus Credit Investments USD share ended unchanged at 12.85 US cents, with 16,419 stocks changing hands and Transjamaican Highway declined 0.04 of one cent to 1.05 US cents with an exchange of 25 shares.In the preference segment, JMMB Group 6% popped 14.83 cents to close at US$1.15 after trading 1,500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.