Trading plunges for JSE USD Market

Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday, with a 95 percent in the volume and value of stocks passing through compared with Tuesday, resulting from trading in six securities, compared to eight on Tuesday with prices of three stocks rising, two declining and one ending unchanged.
The market closed with an exchange of 25,171 shares for US$2,096 compared to 484,869 units at US$42,958 on Tuesday.
Trading averaged 4,195 stock units at US$349 down sharply from 60,609 shares at US$5,370 on Tuesday, with a month to date average of 35,114 shares at US$2,571 compared with 37,198 units at US$2,721 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index gained 1.67 points to end at 228.02.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.9. The PE ratio is computed 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 two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4.03 US cents after investors traded 182 stocks, Proven Investments popped 0.1 of a cent to end at 11.9 US cents in trading 1,171 shares, Sygnus Credit Investments shed 0.49 of one cent in closing at 7 US cents after a transfer of 21,798 units and Transjamaican Highway increased 0.08 of a cent to finish at 2.08 US cents with investors trading 1,759 stocks.
In the preference segment, JMMB Group US8.5% preference share fell 4.99 cents and ended at US$1.20 with 6 units crossing the market and Equityline Mortgage Investment preference share popped 16.5 cents to close at US$1.265 as investors exchanged 255 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.