Volume surges prices drop on JSE USD Market

Trading jumped on the Jamaica Stock Exchange US dollar market on Tuesday, with 905 percent more stocks changing hands, with the value rising 226 percent over Monday, resulting in the trading of 12 securities, compared to eight on Monday with no rising, eight declining and four ending unchanged.
Trading ended with an exchange of 1,638,947 shares for US$60,212 from 163,158 units at US$18,456 on Monday.
Trading averaged 136,579 units at US$5,018 versus 20,395 shares at US$2,307 on Monday, with a month to date average of 45,290 shares at US$3,746 compared with 36,527 units at US$3,624 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 3.71 points to end at 213.33.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.49 of a cent in ending at 7 US cents after an exchange of 34 shares, MPC Caribbean Clean Energy shed 5 cents in closing at 55 US cents, with 13 units crossing the market, Productive Business Solutions lost 5 cents to close at US$1.50 in an exchange of 3 stocks. Proven Investments dropped 0.94 of a cent to end at 20 US cents in trading 121,911 stock units, Sterling Investments declined 0.13 of a cent to 1.86 US cents with an exchange of 583 stock units, Sygnus Credit Investments J$ share dipped 1.28 cents to end at 12 US cents after a transfer of 822 shares. Sygnus Credit Investments USD share remained at 9.5 US cents with the swapping of 284 units, Sygnus Real Estate Finance USD share ended at 9.5 US cents in switching ownership of 14,023 stocks and Transjamaican Highway lost 0.06 of a cent to end at 0.91 of one US cents after finishing trading of 1,481,029 shares.
In the preference segment, Productive Business 9.25% preference share remained at US$11 with investors transferring 86 stocks, Equityline Mortgage Investment preference share shed 3 cents to close at a 52 weeks’ low of US$1.64, with nine units crossing the market and JMMB Group 6% ended at US$1 in exchanging 20,150 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.