Trading plunged on the JSE USD market

The Jamaica Stock Exchange US dollar market closed on Friday after a sharp 92 percent drop in the volume of stocks that changed hands, with a 73 percent lower value than on Thursday, resulting in trading in eight securities, compared to seven on Thursday with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 20,041 shares for US$2,072 compared to 238,919 units at US$7,681 on Thursday.
Trading averaged 2,505 units at US$259 versus 34,131 shares at US$1,097 on Thursday, with a month to date average of 52,768 shares at US$2,122 compared with 65,334 units at US$2,587 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index shed 0.14 points to cease trading at 224.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. 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 one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close of the market, AS Bryden ended at 22.49 US cents, with 832 stock units crossing the market, First Rock Real Estate USD share shed 0.26 of a cent and ended at 4.74 US cents with investors dealing in 997 shares, Margaritaville lost 0.38 of one cent to end at 8.5 US cents, with 24 units clearing the market. Productive Business Solutions remained at US$1.275 with an exchange of 369 stocks, Sterling Investments sank 0.01 of a cent to 1.54 US cents, with 8,010 shares crossing the market, Sygnus Credit Investments skidded 1 cent to finish at 8 US cents in switching ownership of 126 stocks and Transjamaican Highway remained at 2.05 US cents, with 9,583 stocks crossing the exchange.
In the preference segment, Sygnus Credit Investments E8.5% climbed 25 cents to close at US$10.30 with investors transferring 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.