JSE USD Market gains on low volume

Trading ended on Monday on the Jamaica Stock Exchange US dollar market with the volume of stocks traded declining 97 percent and the value plunging 87 percent lower than on Friday, resulting in an even number of stocks rising and falling.
Overall, 19,706 shares traded for US$3,207 down from 755,182 units at US$24,741 on Friday. Trading averaged 3,284 units at US$535, versus 151,036 shares at US$4,948 on Friday, with a month to date average of 37,583 shares at US$3,185 compared to 39,601 units at US$3,341 on the previous trading day. June ended with an average of 71,901 units for US$8,793.
A total of six securities were traded, up from five on Friday, with two rising, two declining and two ending unchanged. The JSE US Denominated Equities Index rose 2.38 points to end at 208.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, Margaritaville ended at 10 US cents with 3,200 shares traded, MPC Caribbean Clean Energy rose 2 cents to close at US$1.40 with an exchange of 9 stock units, Proven Investments lost 0.49 of a cent in closing at 22.51 US cents while exchanging 4,443 stocks. Sygnus Credit Investments USD share shed 0.01 of a cent to end at 11.99 US cents in trading 11,437 units and Transjamaican Highway advanced 0.06 of a cent to 0.95 of one US cent in an exchange of 145 stock units.
In the preference segmentJMMB Group 6% finished at US$1.10 trading 472 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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