Trading plunged for JSE USD Market

Trading plunged from Tuesday’s heightened levels on the Jamaica Stock Exchange US dollar market on Wednesday, with a 99 percent drop in the volume of stocks traded with a 98 percent lower value than on Tuesday, resulting in exchange of seven securities, compared to seven on Tuesday with prices of one rising, five declining and one ending unchanged.
The market closed with an exchange of 36,707 shares for US$2,692 compared to 7,064,494 units at US$139,578 on Tuesday.
Trading averaged 5,244 shares at US$385 compared to 1,009,213 shares at US$19,940 on Tuesday, with a month to date average of 207,169 stock units at US$5,756 compared with 225,290 units at US$6,238 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index rallied 1.13 points to 227.73.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.5. 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 ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville declined by 0.98 of one cent to 7.52 US cents in trading 400 shares, Proven Investments slipped 0.1 of one cent to 9.5 US cents as investors exchanged 3,190 stocks, Sterling Investments dipped 0.01 of one cent to finish at 1.53 US cents after 441 shares changed hands. Sygnus Credit Investments sank 0.48 of a cent to end at 6.79 US cents with traders dealing in 959 stock units, Sygnus Real Estate Finance USD share ended at 6 US cents with 3,725 shares clearing the market and Transjamaican Highway rose 0.13 of one cent to close at 2.1 US cents with investors trading 26,492 stock units.
In the preference segment, JMMB Group US8.5% preference share fell 4.9 cents to US$1.001 with an exchange of 1,500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.