Buoyant trading for JSE USD Market

The Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks traded rising 241 percent after 39 percent more dollars changed compared to Friday, resulting in trading in nine securities, compared to 10 on Friday with prices of three rising, two declining and four ending unchanged.
The market closed with trading in 610,533 shares for US$78,231 up from 178,798 units at US$56,398 on Friday.
Trading averaged 67,837 units at US$8,692 up from 17,880 shares at US$5,640 on Friday, with a month to date average of 53,788 shares at US$7,011 compared with 52,146 units at US$6,815 on the previous trading day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index increased 1.67 points to close at 255.68, up 10.7 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. 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 two 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 remained at 4.7 US cents with a transfer of 5,635 stock units, Proven Investments ended at 14.5 US cents as investors exchanged 455,584 shares, Sterling Investments ended at 1.7 US cents, with 2,000 stocks crossing the market. Sygnus Credit Investments climbed 0.3 of a cent in closing at 8.8 US cents with investors trading 3,085 units, Sygnus Real Estate Finance USD share declined 0.8 of one cent to 7.2 US cents with 56,900 shares clearing the market and Transjamaican Highway rose 0.14 of a cent to 2.05 US cents with traders dealing in 86,318 stock units.
In the preference segment, JMMB Group 5.75% advanced 26 cents in closing at US$1.81 in exchanging 577 units, Productive Business Solutions 9.25% preference share ended at US$11.05 with investors transferring 423 stocks and Sygnus Credit Investments E8.5% fell 72 cents to end at US$11.02 in switching ownership of 11 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.