Trading plunges on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a 76 percent fall in the volume of stocks changing hands, valued 79 percent less than on Friday, and resulted in the trading of six securities, similar to that on Friday, with two rising, no declining and four unchanged.
Only 11,094 shares were traded for a mere US$1,234 compared to 47,009 units at US$5,749 on Friday.
Trading averaged 1,849 shares at US$206 compared with 7,835 units at US$958 on Friday, with a month to date average of 11,200 shares at US$2,882 compared with 11,767 units at US$3,044 on the previous day. February ended with an average of 43,793 units at US$2,015.
The JSE USD Equities Index rose 4.49 points to end at 194.89.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, Margaritaville ending at 10.99 US cents after 1,112 shares passed through the market, Proven Investments popped 2 cents to 18 US cents with an exchange of 276 stocks, Sterling Investments rose 0.25 of a cent to close at 2 US cents with investors transferring 497 stock units. Sygnus Credit Investments remained at 10 US cents in an exchange of 5,685 units and Transjamaican Highway ending at 0.94 of one US cent, with 3,178 units changing hands.
In the preference segment, Eppley 6% preference share remained at US$1.3112 in switching ownership of 346 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.