Trading drops on JSE USD market

The Jamaica Stock Exchange US dollar market closed on Friday, with a 93 percent drop in the volume of stocks traded with a 15 percent lower value than on Thursday, resulting in exchange of eight, securities, compared to six on Thursday with prices of four rising, two declining and two ending unchanged.
The market closed with an exchange of 52,878 shares for US$20,354 compared to 711,266 units at US$24,048 on Thursday.
Trading averaged 6,610 shares at US$2,544 compared to 118,544 stocks at US$4,008 on Thursday, with a month to date average of 185,591 units at US$5,391 compared with 201,325 stocks at US$5,641 on the previous day and August that ended with an average of 297,880 shares for US$8,245.
The US Denominated Equities Index gained just 0.05 points to end at 228.43.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.4. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, First Rock Real Estate USD share advanced 0.07 of a cent to finish at 3.4 US cents in trading 6,000 stock units, MPC Caribbean Clean Energy rose 1 cent to 57 US cents with 72 shares crossing the market, Proven Investments gained 0.4 of a cent to end at 10 US cents with a transfer of 28,417 stock units. Sterling Investments skidded 0.02 of a cent to 1.48 US cents with 4,000 units clearing the market, Sygnus Credit Investments popped 0.46 of a cent and ended at 7.25 US cents in an exchange of 134 shares and Sygnus Real Estate Finance USD share ended at 6 US cents with 13 units changing hands.
In the preference segment, JMMB Group US8.5% preference share fell 0.5 of one cent to US$1.06 after an exchange of 14,000 stocks and Sygnus Credit Investments US 8% remained at US$10 with investors swapping 242 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.