Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday, with a mere 2,973 shares traded for US$15,157 compared to 34,722 units at US$2,213 on Tuesday after a 91 percent in the volume traded and 585 percent dive in value compared with Tuesday, resulting from trading in four securities down from seven on Tuesday with one rising, one declining and two ending unchanged.
Trading averaged 743 units at US$3,789, versus 4,960 shares at US$316 on Tuesday, well below the month to date average of 43,847 shares at US$1,495 compared and 46,276 units at US$1,365 on the previous day and. September with an average of 73,281 units for US$5,102.
The US Denominated Equities Index dipped 1.50 points to 231.48.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Sterling Investments advanced 0.4 of one cent and ended at 1.9 US cents after 1,060 shares passed through the market and 
Transjamaican Highway lost 0.05 of a cent to end at 1.63 US cents after an exchange of 500 stocks.
In the preference segment, JMMB Group 5.75% ended at US$2 with traders dealing in 118 units and Productive Business Solutions 9.25% preference share remained at US$11.50 in trading 1,295 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on the JSE USD Market
October 18, 2023 by
