Slippage for JSE USD Market

The Jamaica Stock Exchange US dollar market slipped at the end of trading on Thursday, following a 34 percent drop in the volume of stocks changing hands and a 93 percent fall in value compared to trading on Wednesday, resulting from trading in eight securities, compared to nine on Wednesday with three rising, three declining and two ending unchanged.
Overall, 323,116 shares were traded for US$20,789 compared with 490,501 units at US$293,958 on Wednesday.
Trading averaged 40,390 units at US$2,599 compared with 54,500 shares at US$32,662 on Wednesday, with a month to date average of 62,192 shares at US$4,054 compared to 63,403 units at US$4,135 on the previous day. Trading in May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index dipped 1.51 points to finish at 246.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. 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 one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.01 of a cent to 5.5 US cents with shareholders exchanging 135 shares, Margaritaville popped 0.37 of one cent and ended at 11.48 US cents with a transfer of 4,000 stocks, Productive Business Solutions fell 19 cents in closing at US$1.70 after an exchange of 3,001 units. Proven Investments popped 0.1 of a cent to 16 US cents as investors exchanged 41,690 stock units, Sterling Investments ended at 1.6 US cents with an exchange of 39,750 stocks, Sygnus Credit Investments ended at 11.7 US cents after an exchange of 38,501 units and Transjamaican Highway declined 0.03 of a cent to 1.6 US cents after hitting an intraday high of 1.93 US cents, with 196,036 shares clearing the market.
In the preference segment, JMMB Group 6% shed 0.5 of a cent and ended at US$1.184 in an exchange of 3 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.