JSE USD Pulled back from record high

The Jamaica Stock Exchange US dollar market pulled back in from the record high of Thursday at the close of trading on Friday, even with a 64 percent rise in the volume of stocks changing hands, with a 157 percent rise in value from Thursday and resulted in nine securities trading, similar to trading on Thursday with five rising, three declining and one ending unchanged.
Overall, 596,504 shares were traded for US$35,632 up from  363,879 units at US$13,846 on Thursday.
Trading averaged 66,278 share at US$3,959 compared to 40,431 shares at US$1,538 on Thursday. The month to date average amounts to 59,096 shares at US$4,870 compared with 58,198 units at US$4,984, the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index fell 2.91 points to close at 255.47.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio is computed 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville popped 1.98 cents to 11.49 US cents with traders dealing in only one share, MPC Caribbean Clean Energy advanced 0.01 of a cent in closing at 54.01 US cents with 1,292 units changing hands, Proven Investments rose 0.1 of a cent to end at 14.9 US cents with 15,057 stock units clearing the market. Sterling Investments declined 0.12 of a cent and ended at 1.8 US cents after exchanging 40,000 stocks, Sygnus Credit Investments ended at 9.1 US cents with investors dealing in 6,635 stocks and Transjamaican Highway dipped 0.06 of a cent in closing at 1.62 US cents, with 512,247 stock units crossing the market.
In the preference segment, JMMB Group 5.75% climbed 31.55 cents to close at US$2.2655 in trading 1,265 units, JMMB Group 6% dropped 7 cents to US$1 and closed after trading 19,991 shares and Productive Business Solutions 9.25% preference share gained 50 cents to end at US$12 with stakeholders exchanging 16 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.