Trading plunged on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks changing hands dropping 87 percent, valued 46 percent more than on Wednesday, resulting trading in just two securities, down from five on Wednesday with both stocks declining.
A total of 131,288 shares were traded for US$26,722 compared with 1,049,056 units at US$18,330 on Wednesday.
Trading averaged 65,644 shares at US$13,361 versus 209,811 shares at US$3,666 on Wednesday, with a month to date average of 264,341 units at US$6,822 compared with 270,272 shares at US$6,627 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index fell 3.57 points to close at 239.50.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio is computed based on the last traded price of each stock divided by projected earnings computed by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last traded prices and one with a lower offer.
Trading close with Proven Investments declining by 1.91 cents to 16.08 US cents with 125,411 shares being traded. In the preference segment, JMMB Group 6% dipped 2 cents to US$1.08 in an exchange of 5,877 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading volume climbs on the JSE USD market
Trading activity was fairly steady on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks changing hands rising 271 percent and valued 347 percent more than on Friday, resulting in trading in five securities, compared to 10 on Friday with three rising, one declining and one ending unchanged.
A total of 162,532 shares were exchanged for US$29,630 versus 43,767 units at US$6,623 on Friday.
Trading averaged 32,506 units at US$5,926 versus 4,377 shares at US$662 on Friday, with month to date average of 33,429 shares at US$3,056 compared with 33,484 units at US$2,883 on the previous trading day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index slipped 0.10 points to end at 227.22.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share popped 0.29 of a cent to end at 7.79 US cents after 
34 shares were traded, Proven Investments increased 0.9 of one cent ending at 19.9 US cents as investors exchanged 153,626 stocks, Sterling Investments ended at 1.95 US cents after exchanging 8,685 stock units and Sygnus Credit Investments J$ share declined 0.34 of one cent in closing at 13.28 US cents with a mere eight units changing hands.
In the preference segment, JMMB Group 6% climbed 4.01 cents to close at US$1.0901 as 179 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trans Jamaica dominates US trading
Trans Jamaica Highway commenced trading in the US dollar market having been listed at the start of trading and dominated market activity 86 percent of the day’s volume.
At the close of trading, the US dollar market ended with 2,713,918 units for $94,890 with the market declining 15.09 points to close at 184.86. First Rock Capital lost 0.6 of a cent to close at 8.4 US cents, with an exchange of 8,880 units, JMMB Group 6% preference share lost 1 cent to close at US$1, with 479 stock units changing hands, Margaritaville traded 100 shares at 24 US cents. Proven Investments shed 1.5 cents in swapping 332,924 units and closed at 23.5 US cents, Sterling Investments lost half of a cent in trading 32,300 stock units and closed at 2 US cents. Sygnus Credit Investments traded 6,264 units 12 US cents and Trans Jamaican Highway shed .001 of a cent in transferring 2,332,971 shares to end the day at 0.9 of a US cent.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
