Slippage for JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 13 percent with the value 9 percent less than on Wednesday, resulting from trading in eight securities compared to seven on Wednesday with three rising, two declining and three ending unchanged.
Overall, 52,300 shares were traded for US$40,981 compared with 46,332 units at US$44,807 on Wednesday.
Trading on Thursday averaged 6,538 shares at US$5,123 compared to 6,619 units at US$6,401 on Wednesday, with a month to date average of 6,575 shares at US$5,719. Trading in February averaged 43,793 units for US$2,015.
The JSE USD Equities Index lost 1.45 points to end at 231.11.
The PE Ratio, a measure used in the computation of appropriate stock values averages 9.8. The PE ratio is computed based on the last traded stock price and ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, MPC Caribbean Clean Energy remained at 66.67 US cents with an exchange of 813 shares, Proven Investments dropped 0.49 of a cent in closing at 18.5 US cents as 32,374 units passed through the market, Sterling Investments gained 0.11 of a cent to end at 2 US cents with an exchange of 432 stock units. Sygnus Credit Investments USD share ended at 10 US cents while exchanging 98 stocks and Transjamaican Highway shed 0.01 of a cent to end at 0.95 of one US cents with 494 units clearing the market.
In the preference segment, Productive Business 9.25 preference share remained at US$12.10 with the swapping of 762 stock units, JMMB Group 5.75% increased 11 cents to close at US$2.01 in an exchange of 7,302 stocks and JMMB Group 6% advanced 7 cents in closing at US$1.05, with 10,025 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.