Trading plunged on the JSE USD Market

Trading activity dived on the Jamaica Stock Exchange US dollar market on Monday, with an 85 percent drop in the volume of stocks exchanged, with an 81 percent lower value than on Friday, resulting in trading in seven securities, compared to five on Friday with prices of one rising, four declining and two ending unchanged.
The market closed with an exchange of 126,060 shares for US$3,535 compared to 861,865 units at US$18,856 on Friday.
Trading averaged 18,009 stock units at US$505 versus 172,373 shares at US$3,771 on Friday, with a month to date average of 50,271 shares at US$2,155 compared with 57,329 units at US$2,516 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index fell 0.37 points to end the day at 221.44.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.9. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, First Rock Real Estate USD share fell 0.3 of one cent in closing at 3.8 US cents after 23,385 shares passed through the market, Margaritaville remained at 8.4 US cents after a transfer of 103 stocks, MPC Caribbean Clean Energy rose 4.75 cents and ended at a 52 weeks’ high of 74.75 US cents with 13 shares crossing the market. Proven Investments skidded 0.19 of a cent to close at 10.81 US cents with traders dealing in 1,974 stock units, Sterling Investments sank 0.11 of a cent to finish at 1.64 US cents with 140 shares changing hands, Sygnus Credit Investments ended at 7 US cents with investors trading 9,591 stock units and Transjamaican Highway slipped 0.01 of a cent in closing at 1.99 US cents with 90,854 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.