May ends with a blast for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands surging 5,354 percent valued at 9,770 percent more than on Tuesday and resulting in seven securities trading, compared to six on Tuesday with prices of four rising, one declining and two ending unchanged.
Overall, 842,727 shares were traded for US$97,351 compared to 15,452 units at US$986 on Tuesday.
Trading averaged 120,390 shares at US$13,907 versus 2,575 units at US$164 on Tuesday, with a month to date average of 43,350 shares at US$2,759 compared to 39,779 units at US$2,243 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index jumped 30.40 points to 242.69.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville advanced 2.47 cents to 11.48 US cents, with 8,600 shares crossing the market, Productive Business Solutions climbed 44.92 cents to US$1.90 with an exchange of 41,899 stocks, Proven Investments lost 0.9 of a cents and ended at 16 US cents, with 918 units crossing the exchange, Sterling Investments ended at 1.68 US cents while investors traded 1,188 stock units and Transjamaican Highway rose 0.16 of a cent to close at a record high of 1.45 US cents after a transfer of 787,041 shares.
In the preference segment, Productive Business 9.25% preference share gained US$1 to close at US$12.50 after exchanging one unit and JMMB Group 5.75%  ended at US$1.90 with investors transferring 3,080 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.