Trading plunged on JSE USD Market

Trading plunged on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 96 percent fall in the volume of stocks changing hands valued 75 percent less than that on Wednesday and resulted in nine securities traded, compared to seven on Wednesday with one rising, four declining and four ending unchanged.
A total of 4,892 shares were exchanged for US$3,727 compared with 125,994 units at US$14,617 on Wednesday.
Trading averaged 544 shares for US$414 compared to 17,999 shares at US$2,088 on Wednesday, with a month to date average of 8,472 shares at US$2,489 compared with 10,171 units at US$2,934 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index dropped 6.93 points to end at 224.37.
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 of each stock divided by ICInsider.com’s projected earnings for companies with financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share climbed 0.02 of a cent to end at 7 US cents after an exchange of 82 shares, Margaritaville shed 1 cent in closing at 11.5 US cents after a transfer of 148 stock units, MPC Caribbean Clean Energy remained at 66.6 US cents with investors transferring 61 stocks. Productive Business Solutions dropped 10 cents to close at US$1.80 with 27 units changing hands, Proven Investments dipped 0.5 of a cent to 18.5 US cents in switching ownership of 850 shares and Sygnus Credit Investments USD share ended at 9.8 US cents after 2,021 stocks crossed the market.
In the preference segment, Productive Business 9.25% preference share remained at US$12.40 while exchanging 20 stock units, JMMB Group 5.75% ended at US$2.01 after investors traded 1,036 units and JMMB Group 6% declined by 1.86 cents to US$1.07, with 647 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.