Volume up, prices fall on JSE USD market

Trading surged on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks rising 965 percent, valued at 1,869 percent more than on Thursday. Market activity led to movement in eight securities, similar to Thursday, with four declining and four ending unchanged.
Overall, 207,350 shares traded for US$110,809 up from 19,463 units at US$5,629 on Thursday.
Trading averaged 25,919 shares at US$13,851 against 2,433 shares at US$704 on Thursday, with an average of 20,114 shares at US$6,744 for the month to date compared to 18,456 units at US$4,713 on the previous day. July ended with an average of 49,665 units for US$3,449.
On a day when there were no winners, the JSE US Denominated Equities Index lost 8.31 points to end at 199.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 two stocks ended with higher bids than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 6.96 US cents after trading 2,434 shares, Margaritaville ended at 14.98 US cents with an exchange of two units, Productive Business Solutions declined 14 cents to US$1 while exchanging five shares. Proven Investments fell 0.45 of a cent to 22.5 US cents after trading 8,210 stocks, Sterling Investments closed at 2 US cents, with 29,452 stocks changing hands, Sygnus Credit Investments USD share shed 0.8 of a cent to 12 US cents with an exchange of 33 shares and Transjamaican Highway lost 0.02 of a cent in closing at 0.93 of a US cent after trading 52,061 units.
In the preference segmentJMMB Group 6% finished at 93.5 US cents, exchanging 115,153 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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