Trading drops on the JSE USD Market

Trading plunged on the Jamaica Stock Exchange US dollar market ended on Friday, with an 89 percent fall in the volume of stocks changing hands valued 85 percent less than on Thursday, resulting in the trading of seven securities compared to six on Thursday with three rising, two declining and two ending unchanged.
Overall, 91,370 shares were traded, for US$3,137 compared to 866,262 units at US$20,932 on Thursday.
Trading averaged 13,053 units at US$448, versus 144,377 shares at US$3,489 on Thursday, with a month to date average of 50,795 shares at US$1,480 compared with 55,430 units at US$1,607 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index gained 3.42 points to 243.59.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9 based on the last traded price divided by projected earnings computed by ICInsider.comfor 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 two with lower offers.
At the close, First Rock Real Estate USD share shed 0.37 of one cent in closing at 4.5 US cents with traders dealing in 2,967 shares, Proven Investments rose 0.65 of one cent to 14.65 US cents with a transfer of 7,676 stock units, Sterling Investments gained 0.1 of a cent to end at 1.79 US cents with an exchange of 12,723 stocks. Sygnus Credit Investments declined by 0.4 of one cent and ended at 8.6 US cents after an exchange of 5,250 shares, Sygnus Real Estate Finance USD share climbed 0.1 of a cent to close at 10 US cents as investors exchanged 500 stock units and Transjamaican Highway remained at 1.72 US cents, with 62,199 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% ended at US$2.17 after exchanging 55 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.