JSE USD Market drops on Monday

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged rising 806 percent but at a 50 percent lower value than on Friday, resulting in six securities traded, compared to nine on Friday with one rising, three declining and two ending unchanged.
A total of 267,098 shares were traded for US$29,031 compared with 39,417 units at US$59,609 on Friday.
Trading averaged 44,516 units at US$4,838 versus 4,380 shares at US$6,623 on Friday, with month to date average of 25,583 shares at US$5,272 versus 22,033 units at US$5,354 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index lost 3.24 points to end at 210.72.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.comearnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two ended with lower offers.
At the close, First Rock Real Estate USD share shed 0.89 of a cent to end at 7.1 US cents after investors traded 16,940 shares, Proven Investments declined 1.95 cents in ending at 19 US cents after an exchange of 45,575 units, Sygnus Credit Investments USD share fell 0.92 of one cent to 9.08 US cents with 67,963 stocks crossing the market and Transjamaican Highway popped 0.01 of a cent in closing at 0.94 of one US cent with investors transferring 126,283 stock units.
In the preference segmentProductive Business 9.25% preference share remained at US$11 in trading 50 stocks and JMMB Group 6% ended at US$1.07 in an exchange of 10,287 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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