Trading up prices down

Investors pushed trading on the Jamaica Stock Exchange US dollar market higher on Wednesday, with the volume and value of stocks exchanged rising 72 percent and 146 percent, respectively, compared to Tuesday, resulting in the trading of eight securities compared to seven on Tuesday with one rising, three declining and four ending unchanged.
Trading of 819,705 shares for US$242,568 were exchanged compared to 475,683 units at US$98,429 on Tuesday. Trading averaged 102,463 units at US$30,321, versus 67,955 shares at US$14,061 on Tuesday, with month to date average of 52,992 shares at US$8,657 versus 50,299 units at US$7,478 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index fell 5.30 points to end at 197.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. 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 three stocks ended with bids 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 exchanging 383,273 shares, Productive Business Solutions remained at US$1.15 in trading 1,002 units, Proven Investments ended at 20 US cents after an exchange of 178,876 stocks after trading at an intraday weeks’ low of 1.9 cents. Sygnus Credit Investments USD share fell 0.01 of a cent in ending at 11.11 US cents with an exchange of 44,218 stock units and Transjamaican Highway shed 0.1 of a cent to close at 0.85 US cents in exchanging 27,222 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 in an exchange of 106 stock units, JMMB Group 5.75% rose 4.25 cents to US$1.7425 while exchanging five shares and JMMB Group 6% declined 9 cents to US$1, with 185,003 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.