Drop in trading on the JSE USD Market

Trading on the US dollar market of the Jamaica Stock Exchange ended on Thursday, with the volume of stocks changing hands declining 44 percent, valued 85 percent lower than on Wednesday, resulting in the trading of eight securities, compared to four on Wednesday, with three rising, four declining and one ending unchanged.
Overall, 445,494 shares were traded for US$17,444, down from 797,307 units at US$115,172 on Wednesday.
Trading averaged 55,687 units at US$2,181 compared with 199,327 shares at US$28,793 on Wednesday, with a month to date average of 54,761 shares at US$3,744 compared to 54,665 units at US$3,907 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index dropped 6.47 points to conclude trading at 236.58.
The PE Ratio, a measure used to calculate 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, MPC Caribbean Clean Energy declined 7.8 cents and ended at 55 US cents after an exchange of 1,000 shares, Productive Business Solutions dropped 10 cents to close at US$1.70 with stakeholders exchanging two units. Proven Investments climbed 0.25 of a cent to end at 14.8 US cents in swapping of 60,000 stocks and Transjamaican Highway popped 0.03 of a cent to 1.71 US cents, with 384,261 stocks crossing the exchange.
In the preference segment, Equityline Mortgage Investment preference share popped 5 cents in closing at US$1.05 while exchanging 106 shares, JMMB Group 5.75% fell 15 cents to close at US$1.80 in an exchange of two units, JMMB Group 6% dipped 3 cents in closing at US$1.05 after trading four stock units and Productive Business Solutions 9.25% preference share ended at US$12.30 and closed with an exchange in 119 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.