Trading picks up on the JSE USD Market

Trading activity remained low on the Jamaica Stock Exchange US dollar market at the close on Friday, with a 706 percent jump in the volume of stocks exchanged after a 430 percent rise in value over Thursday, resulting in trading in four securities, compared to five on Thursday with prices of none rising, two declining and two ending unchanged.
The market closed with an exchange of 52,744 shares for US$1,293 compared to 6,543 units at US$244 on Thursday.
Trading averaged 13,186 stock units at US$323 versus 1,309 shares at US$49 on Thursday, with a month to date average of 5,846 shares at US$493 compared with 3,177 units at US$554 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index slipped 1.00 points to close at 234.55.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.7. 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 two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy dipped 2.99 cents to finish at 61 US cents after an exchange of 156 stock units, Sygnus Credit Investments ended at 6.7 US cents with investors trading 2,500 stock units and Transjamaican Highway slipped by 0.06 of a cent to close at 1.94 US cents after a transfer of 50,048 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.0625 as investors exchanged 40 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.