JSE USD trading drops into September

Trading dropped back from the heightened levels on Friday at the close of the Jamaica Stock Exchange US dollar market on Monday, with a sharp 93 percent in the volume of stocks traded with a 46 percent lower value than on Friday, resulting in the exchange of eight securities, compared to six previously, with prices of six declining and two ending unchanged.
The market closed with an exchange of 56,649 shares for US$10,020 compared to 868,169 units at US$18,549 on Friday.
Trading averaged 7,081 shares at US$1,253 compared to 144,695 shares at US$3,091 on Friday, compared with an average of 297,880 units for US$8,245 for August.
The US Denominated Equities Index fell 1.12 points to conclude trading at 230.77.
The PE Ratio, a popular measure 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 one with a lower offer.
At the close, Margaritaville ended at 8.4 US cents in an exchange of 448 stocks, MPC Caribbean Clean Energy slipped 0.9 of a cent to 71.1 US cents with investors trading 98 units, Proven Investments fell 0.1 of a cent and ended at 9.7 US cents, with 35,668 shares crossing the exchange. Sterling Investments dipped 0.24 of a cent to finish at a 52 weeks’ low of 1.4 US cents, with 2,232 stock units changing hands, Sygnus Credit Investments lost 0.34 of one cent to end at 7 US cents in trading 2,244 shares, Sygnus Real Estate Finance USD share ended at 9 US cents with 243 stocks being traded and Transjamaican Highway declined 0.09 of one cent to 2.02 US cents with investors swapping 10,151 units.
In the preference segment, JMMB Group US8.5% preference share sank 2 cents and ended at US$1.18 after an exchange of 5,565 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.