Big fall for JSE USD Market

Trading ended with a 22 percent jump in the volume of stocks changing hands on Tuesday with the value rising 60 percent over Monday at the close of the Jamaica Stock Exchange US dollar market, resulting in nine securities trading, compared to four on Monday with one rising, six declining and two ending unchanged, with the US Denominated Equities Index dropping 20.38 points to 220.63.
A total of 934,268 shares were traded for US$32,448 compared with 764,260 units at US$20,272 on Monday.
Trading averaged 103,808 units at US$3,605 compared with 191,065 shares at US$5,068 on Monday, with a month to date average of 77,396 shares at US$2,423 compared to 74,695 units at US$2,303 on the previous day. May ended with an average of 43,350 units for US$2,759.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is computed based on the last traded price divided by 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 5 US cents with 5,000 shares clearing the market, Productive Business Solutions dipped 27.54 cents in closing at US$1.5606 as investors exchanged 450 stocks  Proven Investments rose 0.02 of a cent to 15.72 US cents after a transfer of 102,198 stock units. Sterling Investments ended at 1.6 US cents with an exchange of 684,000 units, Sygnus Credit Investments dropped 1.59 cents to end at 9.4 US cents after investors traded 824 shares and Transjamaican Highway lost 0.07 of a cent in closing at 1.37 US cents and ended with 140,156 stock units changing hands.
In the preference segment, Equityline Mortgage Investment preference share declined 24.6 cents to end at a 52 weeks’ low of US$1.394, with 30 units changing hands, JMMB Group 5.75% shed 24 cents in ending at US$1.90 in an exchange of 560 stocks and JMMB Group 6% fell 13 cents to close at US$1.05 after exchanging 1,050 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.