Trading plunges on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands dived 98 percent valued 96 percent less than on Monday, resulting from trading in five securities, compared to seven on Monday with three rising, two declining and no ending unchanged.
Overall, 14,818 shares were traded, for US$1,462 compared to 647,665 units at US$35,342 on Monday.
Trading averaged 2,964 units at US$292, versus 92,524 shares at US$5,049 on Monday, with a month to date average of 33,485 shares at US$2,181 compared with 36,116 units at US$2,343, previously. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index increased 2.31 points to finish at 225.68.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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 and or around 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, Proven Investments gained 0.1 of a cent to close at 15.1 US cents with 3,800 stocks clearing the market, Sygnus Credit Investments popped 0.22 of a cent to 8.9 US cents in trading 711 units, Sygnus Real Estate Finance USD share rallied 1.39 cents to end at 8.62 US cents. with 1,104 shares crossing the market and Transjamaican Highway declined 0.03 of a cent to end at 1.7 US cents with traders dealing in 9,153 stock units.
In the preference segment, Productive Business Solutions 9.25% preference share shed 90 cents in closing at US$11.50 as investors exchanged 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.