Trading drops on the JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining 79 percent with a 45 percent lower value than on Tuesday, resulting in an exchange of seven securities, compared to six on Tuesday with prices of two rising, two declining and three ending unchanged.
The market closed with an exchange of 76,769 shares for US$6,069 compared to 368,591 units at US$10,955 on Tuesday.
Trading averaged 10,967 shares at US$867 compared to 61,432 shares at US$1,826 on Tuesday, with a month to date average of 34,258 shares at US$1,310 compared with September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index sank 0.42 points to end the day at 224.11.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.7. 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 four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 3.4 US cents after an exchange of 8,400 stock units, Proven Investments remained at 10 US cents with 2,257 shares crossing the market, Sterling Investments declined 0.13 of a cent to finish at 1.55 US cents with investors trading 574 units. Sygnus Credit Investments fell 0.79 of a cent to end at 6.4 US cents and closed after trading 3,435 stocks, Sygnus Real Estate Finance USD share rose 0.9 of one cent in closing at 6.9 US cents in trading 601 shares and Transjamaican Highway gained 0.19 of a cent to close at 2.25 US cents with 61,102 stocks crossing the exchange.
In the preference segment, Sygnus Credit Investments US 8% ended at US$10 after a transfer of 400 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.