Just losses no gains for JSE USD market

No stocks recorded gains in trading on the Jamaica Stock Exchange US dollar market on Thursday following activities in seven securities, up from four on Wednesday with prices of two declining and five ending unchanged and ended with the volume of stocks that changed hands declining by 40 percent after 738 percent more US dollars changed hands over Wednesday.
The market closed with an exchange of 63,388 shares for US$42,622 compared to 105,065 units at US$5,087 on Wednesday.
Trading averaged 9,055 units at US$6,089 versus 26,266 shares at US$1,272 on Wednesday, with a month to date average of 40,889 shares at US$2,684 compared to 43,481 units at US$2,407 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index dropped 0.74 points to close trading at 219.12.
The PE Ratio, a measure used in computing appropriate stock values, averages eight. 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 and or around 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 ended at 64 US cents with 21 stock units traded, Sterling Investments ended at 1.59 US cents with the trading of 879 units, Sygnus Credit Investments slipped 0.98 of one cent to finish at 7.02 US cents, with 31,637 shares crossing the market and Transjamaican Highway ended at 2 US cents with a transfer of 10,365 stock units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.27, with 74 shares clearing the market, JMMB Group 5.75% skidded 1.65 cents in closing at US$1.95 after an exchange of 20,374 stock units and Sygnus Credit Investments E8.5% ended at US$10.10 as 38 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.