Falling prices dominant on JSE USD Market

Trading closed on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks traded declining 86 percent at marginally less valued than on Friday, resulting in 11 securities traded, compared to 10 on Friday with no rising, six falling and five ending unchanged.
The JSE US Denominated Equities Index lost 0.78 points to end at 209.09.
The PE Ratio, a measure used to compute appropriate stock valuations, averages 8.7, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 243,827 shares were traded for US$33,140 compared to 1,735,411 units at US$33,791 on Friday. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended at 6.5 US cents after an exchange of 75,715 shares, Margaritaville closed at 14.98 US cents after exchanging 148 units, MPC Caribbean Clean Energy remained at US$1.30 in exchanging two stock units. Proven Investments shed 0.25 of a cent in ending at 22.75 US cents after trading 118,758 stocks, Sterling Investments lost 0.13 of one cent to 1.95 US cents, with 11,599 stocks crossing the exchange, Sygnus Credit Investments USD share declined 0.87 of a cent to 11.12 US cents with the swapping of 1,061 stock units. Sygnus Real Estate Finance USD share fell 1 cent to close at 12 US cents, with 67 shares crossing the market and Transjamaican Highway dipped 0.08 of a cent in closing at 0.88 of one US cent with an exchange of 36,230 units.
In the preference segmentEppley 6% preference share lost 14.6 cents to end at US$1.15 in switching ownership of 110 stock units, JMMB Group 5.75% remained at US$2.05 with one stock clearing the market and JMMB Group 6% finished at US$1.10 in an exchange of 136 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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