Volumes plunged on the JSE USD market

The trading volume of stocks plunged 61 percent, with a 13 percent lower value than Wednesday on the Jamaica Stock Exchange US dollar market on Thursday, resulting in five securities changing hands, compared to seven on Wednesday with two rising, two declining and one ending unchanged.
A total of 16,740 shares were traded for US$20,385 compared to 43,378 units at US$18,048 on Wednesday.
Trading averaged 3,348 units at US$4,077 compared with 6,197 shares at US$2,578 on Wednesday, with a month to date average of 25,414 shares at US$3,446 versus 26,231 units at US$3,422 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 4.33 points to end at 229.44.
The PE Ratio is a measure used in computing appropriate stock values, averages 8.6. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, First Rock Real Estate USD share dipped 0.02 of a cent to close at 7.58 US cents with the swapping of 1,549 shares, Proven Investments rose 1.7 cents to 19.7 US cents as six stocks passed through the market and Sterling Investments popped 0.1 of a cent to end at 2.1 US cents with investors transferring 61 units.
In the preference segmentJMMB Group 5.75% remained at US$2 with a transfer of 5,000 stock units and JMMB Group 6% lost 7 cents in ending at US$1 after trading 10,124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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