Stocks slipped on JSE USD Market

The Jamaica Stock Exchange US dollar market slipped moderately on Friday, following a 143 percent rise in the volume of stocks that changed hands, with a 52 percent lower value compared with Thursday, resulting in trading in eight securities, compared to six on Thursday with prices of two rising, two declining and four ending unchanged.
The market closed with an exchange of 267,704 shares for US$11,973 compared to 110,239 units at US$24,984 on Thursday.
Trading averaged 33,463 units at US$1,497 versus 18,373 shares at US$4,164 on Thursday, with a month to date average of 32,077 shares at US$3,201 compared with 31,998 units at US$3,297 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index lost 2.18 points to conclude trading at 239.35.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 10.01 US cents with 8 shares crossing the market, Productive Business Solutions remained at US$1.70 in trading 23 stocks, Proven Investments popped 0.01 of a cent to 13.08 US cents, with 4,654 shares crossing the exchange. Sterling Investments rose 0.09 of a cent to close at 1.6 US cents with investors transferring 328 stock units, Sygnus Real Estate Finance USD share ended trading at 8.8 US cents with an exchange of 5,500 shares and Transjamaican Highway declined by 0.06 of a cent in closing at 2.04 US cents with an exchange of 256,571 units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.28 with 71 stocks clearing the market and Sygnus Credit Investments E8.5% shed 36 cents to end at US$10.03 with traders dealing in 549 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.