Trading drops on JSE USD Market

The Jamaica Stock Exchange US dollar market ended trading on Monday, with a 65 percent decline in the volume of stocks exchanged having a 72 percent lower value than on Friday, after trading in five securities, similar to Friday and ended with prices of four rising, one declining leaving none unchanged.
The market closed with an exchange of 98,295 shares for US$9,105 compared to 280,988 units at US$32,878 on Friday.
Trading averaged 19,659 units at US$1,821 versus 56,198 shares at US$6,576 on Friday, with a month to date average of 34,445 shares at US$2,994 compared with 35,336 units at US$3,065 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index gained 1.51 points to end at 238.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 ending with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville rose 0.2 of a cent to 10.01 US cents after exchanging 97 stock units, MPC Caribbean Clean Energy rose 1 cent to 61 US cents after 14 shares were traded, Proven Investments dropped 0.01 of a cent to close at 13.08 US cents after 12,602 stock units were exchanged. Sygnus Credit Investments popped 1.52 cents to end at 10 US cents, with 76,442 stocks changing hands and Transjamaican Highway climbed 0.05 of a cent in closing at 2.1 US cents after an exchange of 9,140 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.