Trading plunges on JSE USD Market

Trading plunged on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 90 percent fall in the volume of stocks changing hands, valued 59 percent less than on Wednesday and resulting in trading in seven securities the same as Wednesday and ended with two rising, three declining and two ending unchanged.
A total of 110,725 shares were traded for US$10,600 compared with 1,090,681 units at US$25,542 on Wednesday.
Trading averaged 15,818 shares at US$1,514, down from 155,812 units at US$3,649 on Wednesday, with a month to date average of 49,555 shares at US$2,823 compared with 58,302 units at US$3,162 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index popped 1.94 points to 241.16.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share slipped 1 cent in closing at a 52 weeks’ low of 3 US cents with stakeholders exchanging 2,541 shares, Proven Investments gained 0.1 of a cent to end at 14.8 US cents with an exchange of 3,764 stock units. Sygnus Credit Investments ended at 9.1 US cents, with 4,855 units being traded, Sygnus Real Estate Finance USD share dropped 1.5 cents to 8.5 US cents after one unit was traded and Transjamaican Highway rose 0.06 of a cent to close at 1.66 US cents with traders dealing in 95,789 shares.
In the preference segment, JMMB Group 5.75% ended at US$1.95 with shareholders swapping 3,714 stocks and Productive Business Solutions 9.25% preference share dipped 30 cents and ended at US$12 with a transfer of 61 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.