Trading dives on JSE USD market

Trading on Wednesday closed on the Jamaica Stock Exchange US dollar market with the volume of stocks traded declining 87 percent and the value diving 81 percent lower than on Tuesday,  resulting in five securities traded, compared to seven on Tuesday with two rising, one declining and two ending unchanged.
Overall, 61,706 shares traded for US$6,586 down from 487,396 units at US$33,962 on Tuesday. Trading averaged 12,341 units at US$1,317, compared to 69,628 shares at US$4,852 on Tuesday, with a month to date average of 39,459 shares at US$2,884 versus 42,118 units at US$3,038 on the previous day. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index lost 0.42 points to end at 212.27. The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share ended at 7.5 US cents in switching ownership of 10 shares, Proven Investments finished trading 17,029 stocks at 23 US cents, Sygnus Credit Investments USD share rose 0.5 of a cent after ending at 12 US cents with the swapping of 18,456 units and Transjamaican Highway lost 0.02 of a cent in closing at 0.97 US cents, with 26,115 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% rose 0.3 of a cent to end at US$2.06, with 96 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.