Big jump in trading on the JSE USD market

Trading jumped sharply on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 260 percent rise in the volume of stocks exchanged following a 288 percent rise in value compared to Thursday and resulting in trading in seven securities, compared to six on Thursday with prices of three rising, four declining.
The market closed with an exchange of 304,275 shares for US$13,337 compared to 84,506 units at US$3,441 on Thursday.
Trading averaged 43,468 units at US$1,905 up from 14,084 shares at US$574 on Thursday, compared with March with an average of 49,394 units for US$3,593.
The US Denominated Equities Index skidded 1.39 points to end the day at 246.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share shed 0.49 of one cent and ended at 4.5 US cents with traders dealing in 1,010 stock units, Proven Investments fell 0.08 of a cent to 14.8 US cents while investors exchanged 2,670 shares, Sterling Investments popped 0.01 of a cent to close at 1.7 US cents after 2,500 units were traded. Sygnus Credit Investments dropped 1.58 cents in closing at 7.02 US cents after exchanging 62,162 stocks, Sygnus Real Estate Finance USD share lost 2.03 cents to end at 8.97 US cents with a transfer of 40,852 units and Transjamaican Highway increased 0.03 of a cent in closing at 2.23 US cents after an exchange of 194,681 stocks.
In the preference segment, JMMB Group US8.5% preference share rose 1 cent to US$1.19 with investors transferring 400 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.