JSE USD trading surge ahead of month end

Trading surged on Wednesday on the Jamaica Stock Exchange US dollar market, with the volume of shares changing hands jumping 441 percent with the value 4,555 percent higher than on Tuesday, resulting in a bounce in the market index as rising stocks beat out those falling.
A total of 10 securities traded, compared to five on Tuesday, with five rising, three declining and two ending unchanged, leading the JSE US Denominated Equities Index to climb 4.66 points and land at 208.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years to the end of August 2022.
Overall, 1,260,940 shares traded, for US$271,991, up from 233,145 units at US$5,842 on Tuesday.
Trading averaged 126,094 units at US$27,199, compared to 46,629 shares at US$1,168 on Tuesday, with the month to date averaging 49,161 shares at US$5,788 versus 43,504 units at US$4,214 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share gained 0.7 of a cent in closing at 7.93 US cents, with 142,294 shares crossing the market, Margaritaville ended unchanged at 16 US cents trading 11 units, Productive Business Solutions advanced 1.69 cents to US$1.055, with 172 stocks changing hands. Proven Investments rose 1.48 cents to close at 24.8 US cents as investors grabbed 1,042,844 stock units, Sterling Investments lost 0.17 of a cent to 2 US cents in an exchange of 2,500 shares, Sygnus Credit Investments USD share climbed 0.59 of a cent to 12.7 US cents in switching ownership of 5,388 stocks. Transjamaican Highway rallied 0.02 cents to end at 0.9 US cents in trading 67,530 units,
In the preference segment, Eppley 6% preference share declined 16.7 cents to close at 96 US cents after 97 stock units crossed the market, Equityline Mortgage Investment preference share fell 3 cents in closing at US$1.97 trading 99 stock units and JMMB Group 5.75% finished at US$2.03 with an exchange of 5 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.