Stocks slipped on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 756 percent, valued 158 percent more than on Wednesday, resulting in six securities traded, compared to six on Wednesday with one rising, three declining and two ending unchanged.
A total of 389,899 shares were traded for US$37,298 compared to 45,555 stock units at US$14,460 on Wednesday.
Trading averaged 64,983 shares at US$6,216 versus 7,593 units at US$2,410 on Wednesday, with a month to date average of 52,601 shares at US$3,747 compared with 51,949 units at US$3,617 on the previous day. Trading in July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index dipped 1.20 points to close at 240.16.
The PE Ratio, a measure used to compute stock values, averages 8.9. The PE ratio is calculated 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 no stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share remained at 4 US cents in an exchange of 4 shares, Margaritaville climbed 0.4 of a cent in closing at 11.5 US cents in trading 100,001 stocks, MPC Caribbean Clean Energy declined 8 cents to 57 US cents and closed with an exchange of 682 units. Proven Investments shed 0.2 of a cent to end at 14.6 US cents, with 157,209 stock units changing hands, Sygnus Credit Investments fell 0.31 of a cent to 10.49 US cents, with 1,734 units being traded and Transjamaican Highway ended at 1.75 US cents with traders dealing in 130,269 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.