Increased trading hits JSEUSD Market

The Jamaica Stock Exchange US dollar Market had another chunk of the index chopped off on Monday, with the volume of stocks changing hands surging 354 percent and valued 172 percent more than on Friday, resulting in the trading of eight securities, compared to seven on Friday with two rising, three declining and three ending unchanged.
Investors traded 959,588 shares for US$46,217 compared with 211,505 units at US$16,972 on Friday.
Trading averaged 119,949 shares at US$5,777 versus 30,215 units at US$2,425 on Friday, with a month to date average of 41,318 shares at US$2,329 compared to 36,727 units at US$2,127 on the previous trading day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index lost 10.51 points to end at 199.69.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.5 of a cent and ended at 4.5 US cents as 11,871 shares passed through the market, Margaritaville ended at 9.01 US cents while exchanging 570 units, Proven Investments rose 0.9 of a cent to 16.9 US cents, with 233,554 stock units clearing the market, but only after trading at a 52 weeks’ intraday low of 13.6 cents. Sterling Investments ended at 1.68 US cents after trading 4,057 stocks, Sygnus Credit Investments popped 0.86 of one cent to 11.01 US cents, with 100 shares crossing the exchange, Sygnus Real Estate Finance USD share lost 0.1 of a cent in closing at 11 US cents after an exchange of 100 units and Transjamaican Highway dipped 0.3 cents to 1 US cent in trading 708,836 stocks.
In the preference segment, JMMB Group 6% ended at US$1.07 and with 500 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.