Jump in trading on JSE USD Market Thursday

Trading on the Jamaica Stock Exchange US dollar market climbed above with a 481 percent jump in the volume after 531,152 shares were traded, with a 924 percent greater value on Wednesday of US$99,750 changing hands compared to 91,439 units at US$9,740 on Wednesday.
The average trade for Thursday amounts to 59,017 shares at US$11,083, up from 10,160 units at US$1,082 on Wednesday. The month to date average amounts to 37,472 shares at US$3,188 up from the 34,442 units at US$2,077 on the previous day December ended with an average of 39,679 units for US$1,494.
While the volume of stocks traded rose, the number of securities that were exchanged remained at nine which is similar to that on Wednesday, with the market ending with prices of three rising, two declining and four ending unchanged.
The JSE US Denominated Equities Index slipped 1.25 points to end at 228.79.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share lost 0.35 of a cent to close at 7.5 US cents after an exchange of 400 shares, Margaritaville remained at 14.5 US cents in trading 16,587 units, MPC Caribbean Clean Energy increased 5 cents to 65 US cents with investors swapping 500 stocks. Productive Business Solutions ended at US$1.69 with a transfer of 55 stock units, Proven Investments remained at 19.9 US cents, with 502,807 units crossing the exchange, Sterling Investments dipped 0.05 of a cent in closing at 1.95 US cents after a transfer of 7,211 shares and Sygnus Credit Investments USD share ended at 10 US cents, with 3,550 stock units changing hands.
In the preference segment, Productive Business 9.25% preference share rallied 45 cents to end at US$11 in exchanging 12 stocks and JMMB Group 5.75% climbed 30 cents to US$2.30 while exchanging 30 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.