Trading value plunged on JSE USD Market

The Jamaica Stock Exchange US dollar market lost ground on Thursday, resulting from an exchange of six securities, compared to seven on Wednesday with prices of five declining and one ending unchanged and ending with the volume of stocks traded rising 6 percent with a 76 percent fall in value compared to Wednesday.
The market closed with an exchange of 363,724 shares for US$8,719 compared to 341,763 units at US$37,023 on Wednesday.
Trading averaged 60,621 shares at US$1,453 compared to 48,823 shares at US$5,289 on Wednesday, with a month to date average of 142,354 shares at US$4,987 compared with 151,112 units at US$5,366 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index lost 2.87 points to close at 232.78.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.8. 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, Margaritaville ended at 10 US cents in an exchange of just one stock, MPC Caribbean Clean  Energy declined 15 cents in closing at 56 US cents with 510 units crossing the market, Proven Investments fell 0.1 of a cent to close at 9.9 US cents after 8,509 shares were traded. Sterling Investments dipped 0.1 of a cent to close at 1.5 US cents with 1,659 stock units changing hands and Transjamaican Highway sank 0.13 of one cent and ended at 2.07 US cents after 353,041 shares passed through the market.
In the preference segment, Sygnus Credit Investments E8.5% skidded 9 cents to finish at US$10.20, with investors trading 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.