Trading levels plunge of JSE USD market

Trading on the Jamaica Stock Exchange US dollar market declined sharply on Tuesday, with the volume of stocks changing hands falling 70 percent and the value 70 percent lower than on Monday, resulting from trading in nine securities, compared with five on Monday with one rising, four declining and four ending unchanged.
Just 48,759 shares were traded for US$9,034 down from 162,532 units at US$29,630 on Monday.
Trading averaged 5,418 units at US$1,004 versus 32,506 shares at US$5,926 on Monday, with a month to date average of 30,830 shares at US$2,866 compared to 33,429 units at US$3,056 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index rose 0.19 points to end at 227.41.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. 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 one stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share fell 0.59 of a cent to close at 7.2 US cents in trading 38,000 shares, MPC Caribbean Clean Energy ended at 60 US cents with a transfer of 175 stock units, Productive Business Solutions remained at US$1.69 and finishing with eight units changing hands. Sygnus Credit Investments J$ share ended at 13.28 US cents as 223 stocks passed through the market, Sygnus Credit Investments USD share ended at 10 US cents with 6,103 shares clearing the exchange, Sygnus Real Estate Finance USD share declined 1.4 cents to end at 11 US cents in trading 832 stocks and Transjamaican Highway gained 0.02 of a cent in closing at 0.97 US cents after trading 205 stock units.
In the preference segment, JMMB Group 5.75% shed 30 cents to close at US$2, with 2,225 units changing hands and JMMB Group 6% lost 9.01 cents in ending at US$1 after 988 stock units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.