Trading picked up on the JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market ended on Friday, resulting in the trading of nine securities up from three on Thursday with one rising, four declining and four ending unchanged, with a 178 percent rise in the volume of stocks changing hands, valued 918 percent more than on Thursday.
Trading resulted in an exchange of 216,689 shares for US$14,393 versus 77,890 units at US$1,414 on Thursday.
Trading averaged 24,077 shares for US$1,599 compared to 25,963 shares at US$471 on Thursday, with a month to date average of 70,650 shares at US$2,220 compared with 74,568 units at US$2,272 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index lost 0.32 points to end at 221.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio is computed based on the last traded prices and 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 three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dropped 1.89 cents to close at 9.22 US cents with an exchange of 221 shares, Proven Investments declined 0.02 of a cent in closing at 15.7 US cents, with 71,726 units passed through the market, Sterling Investments remained at 1.6 US cents after a transfer of 136,752 stock units. Sygnus Credit Investments rose 0.8 of a cent to 10.9 US cents after an exchange of 7,775 stocks, Sygnus Real Estate Finance USD share dipped 0.01 of a cent to 10.98 US cents in trading 19 stocks and Transjamaican Highway ended at 1.42 US cents, with 100 stock units crossing the exchange.
In the preference segment, Eppley 6% preference share ended at US$1.40, with 7 units crossing the market, Equityline Mortgage Investment preference share fell 0.72 of a cent to close at a 52 weeks’ low of US$1 after an exchange of 59 shares and JMMB Group 5.75%  remained at US$1.90 in switching ownership of 30 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.