JSE USD Market slips on Thursday

The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded rising 553 percent with a 72 percent greater value than on Wednesday, resulting in an exchange of six securities, compared to seven on Wednesday with prices of three rising, one declining and two ending unchanged.
The market closed after an exchange of 501,008 shares for US$10,466 compared to 76,769 units at US$6,069 on Wednesday.
Trading ended with an averaged of 83,501 shares at US$1,744 compared with 10,967 stock units at US$867 on Wednesday, with a month to date average of 49,809 shares for US$1,447 compared with 34,258 units at US$1,310 on Wednesday and September that ended with an average of 161,382 stocks for US$5,462.
The US Denominated Equities Index dipped 1.06 points to settle at 223.05.
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 ending with bids higher than their last selling prices and one with a lower offer.
At the close, MPC Caribbean Clean Energy ended at 70.99 US cents with 25 stocks crossing the exchange, Proven Investments closed with an exchange of 2,568 units at 10 US cents, Sygnus Credit Investments rose 0.6 of one cent to 7 US cents after a transfer of 496 shares and Transjamaican Highway lost 0.15 of one cent in closing at 2.1 US cents after 497,909 stock units crossed the market.
In the preference segment, JMMB Group 5.5% climbed 45 cents to close at US$2.09 trading 9 shares and JMMB Group 5.75% increased 18.7 cents to end at US$1.87 in an exchange of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.