Increased JSE USD trading

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks traded surging 253 percent after 264 percent more funds entered the market than Tuesday, resulting in nine securities trading, compared to seven on Tuesday with four rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index lost 0.37 points to end at 195.13.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.3. The PE ratios are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 475,460 shares were traded for US$25,818 compared to 134,622 units at US$7,099 on Tuesday. Trading averaged 52,829 units at US$2,869, compared to 19,232 shares at US$1,014 on Tuesday, with a month to date average of 24,305 shares at US$5,359 versus 19,369 units at US$5,790 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 5.1 US cents with 111,980 shares clearing the market, MPC Caribbean Clean Energy popped 1 cent to US$1.30 in trading one stock unit, Productive Business Solutions ended at US$1 with the swapping of five stocks. Proven Investments shed 0.93 of a cent to end at 22.01 US cents after 1,034 units crossed the exchange, Sterling Investments rose 0.03 of a cent to 2 US cents, after trading 414 shares, Sygnus Credit Investments USD share dropped 0.89 of one cent to 11.11 US cents while exchanging 156,871 stock units. Sygnus Real Estate Finance USD share rallied 2 cents in closing at 12.5 US cents in switching ownership of 5,150 stocks and Transjamaican Highway lost 0.01 of a cent in ending at 0.88 of one US cent after 200,000 units changed hands.
In the preference segment, JMMB Group 6% advanced 10.5 cents to end at US$1.04 trading five shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.