More money spent on JSE USD stocks

Money entering the Jamaica Stock Exchange US dollar market jumped 221 percent on Wednesday over Tuesday, with the volume of stocks traded dropping 12 percent, resulting from an exchange of seven securities, similar to Tuesday and ended with two rising, one declining and four ending unchanged.
Overall, 43,378 shares were traded for US$18,048 compared with 49,024 units at US$5,622 on Tuesday.
Trading averaged 6,197 units at US$2,578 compared with 7,003 shares at US$803 on Tuesday, with a month to date average of 26,231 shares at US$3,422 versus 27,327 units at US$3,468 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 0.35 points to end at 225.11.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share popped 0.1 of a cent to 7.6 US cents with 34 shares clearing the market, Productive Business Solutions remained at US$1.70 in an exchange of 150 stock units, Proven Investments dropped 0.5 of one cent in ending at 18 US cents after a transfer of 1,229 units. Sygnus Credit Investments USD share gained 0.65 of one cent to close at 9.85 US cents, with an exchange of 1,289 stocks and Transjamaican Highway ended at 0.92 of one US cent with investors transferring 29,297 shares.
In the preference segmentProductive Business 9.25% preference share ended at US$11.90, with ten stock units changing hands and JMMB Group 5.75% remained at US$1.50 with a transfer of 11,369 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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