Trading plunges on the JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded declining sharply by 94 percent with a 92 percent drop in value from Friday’s levels, resulting in an exchange of seven securities, down from 10, with the price of one rising, three declining and three ending unchanged.
The market closed with an exchange of 32,183 shares for US$2,895, a sharp drop from 566,050 stock units at US$37,617 on Friday. Trading averaged 4,598 shares at US$414 compared to 56,605 stocks at US$3,762 on Friday, with a month to date average of 280,547 stock units at US$8,902 compared with 296,380 stocks at US$9,389 on the previous day and November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index gained 0.47 points to close trading at 230.13. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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.
At the close, Margaritaville remained at 6.78 US cents after an exchange of just 2 stock units, Proven Investments ended at 11.1 US cents after 8,929 shares passed through the market, Sterling Investments rose 0.2 of a cent to end at 1.6 US cents with an exchange of 6 units. Sygnus Real Estate Finance USD share ended at 5.88 US cents after 5,016 stocks were traded and Transjamaican Highway slipped 0.01 of one cent to end at 2.86 US cents in an exchange of 18,029 shares.
In the preference segment, JMMB Group US8.5% preference share dropped 3.5 cents to finish at US$1.11 with 96 stock units changing hands and Sygnus Credit Investments US 8% dipped 18 cents to US$9.40 with a transfer of 105 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.