Stocks closed lower on JSE USD Market

US dollar-denominated stocks closed lower at the end of trading on the Jamaica Stock Exchange ended on Friday, with the volume of stocks exchanged surging 187 percent with a 59 percent lower value than on Thursday, resulting in trading in seven securities, similar to that on Thursday with prices of one rising and six declining.
The market closed with an exchange of 181,904 shares for US$17,375 compared to 63,388 units at US$42,622 on Thursday.
Trading averaged 25,986 units at US$2,482 compared to 9,055 shares at US$6,089 on Thursday, with a month to date average of 39,846 shares at US$2,670 compared with 40,889 units at US$2,684 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index slipped 0.75 points to close at 218.37.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. 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, First Rock Real Estate USD share skidded 0.5 of a cent and ended at 4 US cents, with 72,261 shares changing hands, Margaritaville fell 1 cent to 8 US cents in an exchange of 1,652 units, Proven Investments slipped 0.5 of a cent to end at 12.5 US cents after just 90 stocks passed through the market. Sygnus Credit Investments popped 0.8 of a cent in closing at 7.82 US cents after an exchange of 1,000 stock units and Transjamaican Highway lost 0.03 of a cent to finish at 1.97 US cents with 104,147 shares clearing the market.
In the preference segment, JMMB Group 5.75% shed 10 cents to close at US$1.85 with investors swapping 1,892 stock units and Sygnus Credit Investments E8.5% dipped 5 cents to US$10.05 with 862 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.