Trading plunged for JSE USD Market

Investors exchanged far fewer shares on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks changing hands declining 90 percent valued 80 percent less than on Friday, after five stocks had less than five units trading out of 11 securities with trading active, compared to six on Friday with three rising, three declining and five ending unchanged.
A total of 24,669 shares were exchanged for US$2,560 down from 246,142 unit  at US$13,108 on Friday.
Trading averaged 2,243 units at US$233 versus 41,024 shares at US$2,185 on Friday, with a month to date average of 23,862 shares at US$1,230 down from 28,186 units at US$1,430 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index lost 0.23 points to end at 226.48.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share dipped 0.66 of a cent to close at 7.18 US cents with the swapping of 4,203 shares, MPC Caribbean Clean Energy rallied 0.99 of a cent to 63.99 US cents while just three units passed through the market, Productive Business Solutions remained at US$1.70 after four stocks were traded. Proven Investments shed 0.1 of a cent to end at 19 US cents with 10,475 stock units clearing the market, Sygnus Credit Investments USD share rose 0.4 of one cent ending at 10 US cents, with 999 units changing hands, Sygnus Real Estate Finance USD share ended at 11 US cents with a transfer of 271 shares and Transjamaican Highway popped 0.01 of a cent to 0.89 of one US cent with 8,668 stocks crossing the exchange.
In the preference segment, Eppley 6% preference share dropped 17.25 cents to close at 97.75 US cents, with 43 stock units crossing the market, Equityline Mortgage Investment preference share ended at US$1.67 in switching ownership of one stock unit, JMMB Group 5.5% remained at US$2 with investors transferring one stock and JMMB Group 6% remained at US$1.03 with a mere one unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.