Falling stocks dominate JSE USD market

The Jamaica Stock Exchange US dollar market slipped at the close of trading on Friday, with the volume of stocks traded rising 174 percent with a 1,115 percent surge in value from Thursday, resulting in the exchange of eight securities, compared to six on Thursday with prices of three rising, five declining and no ending unchanged.
The market closed with an exchange of 1,373,440 shares for US$127,152 compared to 501,008 units at US$10,466 on Thursday.
Trading averaged 171,680 shares at US$15,894 compared to 83,501 stocks at US$1,744 on Thursday, with a month to date average of 85,919 shares at US$5,728 compared with 49,809 units at US$1,447 on the previous day and September that ended with an average of 161,382 stock units for US$5,462.
The US Denominated Equities Index fell 0.55 points to finish at 222.50.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.7. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Real Estate USD share rose 0.6 of a cent to 4 US cents with 1,239 stock units crossing the market, MPC Caribbean Clean Energy fell 16.99 cents to end at 54 US cents after an exchange of 6 shares, Proven Investments skidded 0.01 of a cent in closing at 9.99 US cents with a transfer of 234,270 stocks. Sterling Investments climbed 0.13 of one cent to close at 1.68 US cents with investors swapping 48,245 units, Sygnus Credit Investments increased 0.3 of one cent to finish at 7.3 US cents after a transfer of 40,949 stocks and Transjamaican Highway slipped 0.03 of one cent and ended at 2.07 US cents in switching ownership of 978,135 shares.
In the preference segment, JMMB Group US8.5% preference share declined 12 cents to US$1.08 in trading 70,096 units and Sygnus Credit Investments US 8% sank 79.9 cents to finish at US$9.201 after an exchange of 500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.