A week of decline for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the market declining on each trading day for the week and ended with the volume of stocks changing hands rising 39 percent and the value surging 694 percent more than on Thursday, resulting in eight securities traded, compared to five on Thursday, with five rising, three declining and no ending unchanged.
A total of 390,785 shares were traded for US$54,548 compared with 281,542 units at US$6,866 on Thursday.
Trading averaged 48,848 units at US$6,818 compared to 56,308 shares at US$1,373 on Thursday, with a month to date average of 45,010 shares at US$1,972, up from 44,626 units at US$1,487 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index dipped 6.28 points to 224.32.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share gained 0.51 of one cent to end at 4.86 US cents while exchanging 3,939 shares, MPC Caribbean Clean Energy increased 2 cents in closing at 56 US cents after a transfer of 368 stocks, Productive Business Solutions dipped 10 cents to close at US$1.50 in an exchange of 270 stocks. Proven Investments climbed 0.01 of a cent to end at 14.51 US cents with shareholders swapping 6,450 units, Sterling Investments dipped 0.3 of a cent and ended at 1.6 US cents after investors traded 11,631 stocks, Sygnus Credit Investments rallied 0.15 of a cent and ended at 8.75 US cents in trading 103,566 shares and Transjamaican Highway lost 0.02 of a cent to end at 1.62 US cents, with 244,791 units changing hands.
In the preference segment, JMMB Group 5.75% popped 2 cents to US$2, with 19,770 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.