Trading value plunged on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 13 percent, valued 98 percent less than on Wednesday, resulting in six securities being traded, compared to seven on Wednesday with the price of just one rising, two declining and three ending unchanged.
Overall, 218,678 shares were traded for US$7,411 compared with 194,347 units at US$314,203 on Wednesday.
Trading averaged 36,446 units at US$1,235 compared with 27,764 shares at US$44,886 on Wednesday, with trading for the month to date averaging 51,979 shares at US$4,725 compared with 52,850 units at US$4,921 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index climbed 0.77 points to end trading at 225.60.
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 two 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 dipped 0.49 of one cent to end at 4.37 US cents with a transfer of 1,425 shares, Productive Business Solutions ended at US$1.55, with 15 stocks crossing the exchange, Proven Investments closed at 14.6 US cents with trading of 29,102 units, Sterling Investments declined 0.1 of a cent in closing at 1.6 US cents as investors exchanged 50,075 stocks, Sygnus Credit Investments remained at 9 US cents after investors closed trading of 100 stock units and Transjamaican Highway advanced 0.01 of a cent to close at 1.62 US cents with stakeholders exchanging 137,961 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.