Hard fall for JSE USD Market

Trading dropped hard on the Jamaica Stock Exchange US dollar market on Tuesday, with an 85 percent drop in the volume of stocks traded accompanied by a 92 percent fall in value from Monday, resulting in an exchange of six securities, down from seven on Monday with prices of one rising, three declining and two ending unchanged.
The market closed with an exchange of 368,591 shares for US$10,955 compared to 2,488,448 units at US$141,556 on Monday.
Trading averaged 61,432 shares at US$1,826 compared to 355,493 stocks at US$20,222 on Monday and September with an average of 161,382 units for US$5,462.
The US Denominated Equities Index shed 5.00 points to settle at 224.53.
The PE Ratio, one of the best known measures 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 one with a lower offer.
At the close, First Rock Real Estate USD share shed 0.59 of one cent to close at 3.4 US cents with 8,830 stock units changing hands, Proven Investments rallied 0.49 of a cent to 10 US cents in trading 18,416 shares, Sygnus Credit Investments ended at 7.19 US cents with 1,369 units crossing the market and Transjamaican Highway dipped 0.44 of a cent to end at 2.06 US cents with traders dealing in 339,826 stocks.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10 with 50 units crossing the market and Sygnus Credit Investments E8.5% sank 10 cents to finish at US$10.90 with a transfer of 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.