Trading plummets on JSE USD Market

Trading plummeted on Tuesday and ended with the volume of shares changing hands declining by 31 percent, with 72 percent less value than in trading on Monday, on the Jamaica Stock Exchange US dollar market that resulted in slightly more stocks falling than rising.
Similar to trading on Monday, Tuesday ended with eight securities changing hands, with prices of two rising, three declining and three ending unchanged, leaving the JSE US Denominated Equities Index with a loss of 2.10 points to end at 195.63.
A total of 228,601 shares changed hands for US$9,366 virsus 331,087 units at US$33,143 on Monday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Trading averaged 28,575 units at US$1,171, compared to 41,386 shares at US$4,143 on Monday and month to date averages 71,686 at US$7,963 versus 80,762 units at US$9,393 on Monday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than their last selling prices and a lower offer.
At the close, First Rock Capital US share remained unchanged at 7 US cents while exchanging 1,370 units, MPC Caribbean Clean Energy shed 12 cents to end at US$1.08 after two stock units crossed the market, Productive Business Solutions climbed 14.7 cents to US$1.127 with the swapping of 239 units. Proven Investments fell 1.43 cents to 22.56 US cents with an exchange of 29,105 stocks, Sygnus Credit Investments US$ share dropped 0.89 cents in closing at 12.08 US cents, with 2,508 stocks changing hands, Transjamaican Highway rose 0.02 of a cent to 0.81 of a US cent in switching ownership of 195,000 shares.
In the preference segment, Equityline Mortgage Investment preference shares remained at US$1.90 after trading 199 stock units and JMMB Group 6% remained at US$1.05, with 178 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.