Trading plunged on JSE US Market

Investors traded more securities on the Jamaica Stock Exchange US dollar market on Monday, but the volume of stocks exchanged declined 92 percent with a 48 percent lower value than on Friday, resulting in trading in seven securities, compared to four on Friday with prices of no rising, four declining and three ending unchanged.
The market closed with an exchange of 60,767 shares for US$33,398 compared to 765,260 units at US$64,253 on Friday.
Trading averaged 8,681 units at US$4,771 versus 191,315 shares at US$16,063 on Friday, with a month to date average of 38,416 shares at US$4,586 compared with 44,363 units at US$4,549 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index advanced 9.35 points to end trading at 265.19.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville shed 1 cent to end at 11 US cents after an exchange of 2,806 stock units, Proven Investments ended at 14.4 US cents in switching ownership of 300 stocks and Transjamaican Highway fell 0.03 of a cent in closing at 2.27 US cents, with 41,298 shares crossing the exchange.
In the preference segment, JMMB Group US8.5% preference share dipped 1 cent to close at US$1.15 with a transfer of 1,800 stock units, JMMB Group 5.75% remained at US$1.91 after 14,303 shares passed through the market, Sygnus Credit Investments US8% ended at US$10.50 after 160 stock units changed hands and Sygnus Credit Investments E8.5% sank 10 cents to close at US$10.40 in trading 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.