Big surge in JSE USD market trades

A surge in investors’ interest resulted in a huge jump in volume and value of trading on Tuesday and ended with the volume of shares changing hands rising 639 percent and the value shoring 6,106 percent higher than on Monday, at the close of the Jamaica Stock Exchange US dollar market.
Just four securities traded, down from six on Monday with three rising, none declining and one ending unchanged.
The JSE US Denominated Equities Index advanced 0.69 points to close at 209.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses earnings forecasts by ICInsider.com for each company, with the financial year ending up to August 2022.
Overall, 1,960,531 shares traded, for US$290,183 compared to 265,318 units at US$4,676 on Monday. Trading averaged 490,133 units at US$72,546, up from 44,220 shares at US$779 on Monday and month to date averages 452,580 shares at US$61,153 versus 450,464 units at US$60,511 on Monday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and two with lower offers.
At the close, Margaritaville increased half of a cent to 10 US cents in switching ownership of 1,001 shares, Proven Investments rose 0.17 of one cent in ending at 22.8 US cents in exchanging 1,249,704 stocks, Sygnus Credit Investments USD share climbed half a cent to close at 12.6 US cents with an exchange of 990 units and Transjamaican Highway remained at 0.71 US cents in trading 708,836 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.