Trading plunges on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with an 89 percent fall in the volume of stocks changing hands, with a 93 percent lower value than Friday and resulting in 10 securities being traded, compared to nine on Friday, with three rising, two declining and five ending unchanged.
Overall, 79,376 shares were traded for US$1,578 compared with 745,414 units at US$22,909 on Friday.
Trading averaged 7,938 units at US$158 compared with 82,824 shares at US$2,545 on Friday, with a month to date average of 33,595 shares at US$2,442 compared with 43,097 units at US$3,288 on the previous trading day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index rallied 1.07 points to end at 241.69.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. 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 one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents after a transfer of 267 shares,  Margaritaville dropped 0.01 of a cent to end at 11.34 US cents with a transfer of 95 units, Productive Business Solutions ended at US$1.80 and closed with six stock units being exchanged. Proven Investments remained at 14.5 US cents with shareholders swapping 1,276 stocks, Sterling Investments climbed 0.15 of a cent in closing at 1.75 US cents, with 2,000 stocks crossing the market, Sygnus Credit Investments popped 1.89 cents to 10.89 US cents with investors trading 26 stock units. Sygnus Real Estate Finance USD share ended at 10 US cents, with 11 shares changing hands and Transjamaican Highway fell 0.01 of a cent to close at 1.6 US cents after 75,641 units crossed the market.
In the preference segment, JMMB Group 5.75% ended at US$2 as investors exchanged 49 shares and JMMB Group 6% rose 3 cents to end at US$1.08 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.