Trading plunges on JSE USD Market

Trading plunged on the Jamaica Stock Exchange US dollar market on Friday, from yesterday’s heightened levels with the volume of stocks traded declining 84 percent with a 67 percent lower value, resulting in the exchange of seven securities, compared to six previously and ending with prices of two rising, two declining and three closing unchanged.
The market closed with an exchange of 166,468 shares for US$7,387 compared to 1,036,413 units at US$22,525 on Thursday.
Trading averaged 23,781 shares at US$1,055 compared to 172,736 shares at US$3,754 on Thursday, with a month to date average of 212,964 shares at US$4,856 compared with 260,260 units at US$5,806 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index rose 2.64 points to close at 234.78.
The PE Ratio, the well-used measure to determine appropriate stock values, averages eight. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of market, AS Bryden lost 0.43 of one cent to end at 25 US cents with investors dealing in 2,000 stocks, First Rock Real Estate USD share remained at 4 US cents with 18,649 units clearing the market, Margaritaville sank 0.4 of one cent and ended at 8 US cents with investors swapping 4,000 shares. Proven Investments ended at 10 US cents with an exchange of 22,756 stock units, Sterling Investments rose 0.21 of one cent to close at 1.61 US cents with investors trading 3,000 shares, Sygnus Credit Investments ended at 7 US cents with an exchange of 21,025 stocks and Transjamaican Highway rallied 0.1 of a cent and ended at 2.25 US cents with 95,038 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.