Trading drops on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with a 78 percent fall in the volume of stocks exchanged and an 85 percent lower value than on Thursday, resulting in trading in six securities, compared to four on Thursday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 54,388 shares for US$1,299 compared to 243,125 units at US$8,678 on Thursday.
Trading averaged 9,065 stock units at US$216 versus 60,781 shares at US$2,169 on Thursday, with a month to date average of 38,205 shares at US$2,673 compared with 40,815 units at US$2,892 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index dropped 0.63 points to close at 226.42.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden remained at 22.49 US cents with investors dealing in 102 stocks, First Rock Real Estate USD share ended at 4.03 US cents in an exchange of 3,016 shares, Margaritaville sank 0.5 of a cent and ended at 8 US cents after just 1 stock passed through the market. MPC Caribbean Clean Energy rose 1 cent to close at 70 US cents as investors exchanged a mere 1 stock unit and Transjamaican Highway lost 0.09 of a cent in closing at 2 US cents with 51,165 shares clearing the market.
In the preference segment, JMMB Group US8.5% preference share climbed 24.99 cents to end at US$1.2499 with investors trading 103 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.