Sharp rebound for JSE USD Market

The volume of stocks changing hands declined by 48 percent with a 65 percent higher value than on Monday on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in trading eight securities, compared to 11 on Monday with five rising, one declining and two ending unchanged.
Overall, 45,731 shares were traded for US$80,169 compared with 88,737 units at US$48,455 on Monday.
Trading averaged 5,716 shares at US$10,021 versus 8,067 units at US$4,405 on Monday, with a month to date average of 8,596 shares at US$3,377 compared with 8,935 units at US$2,596 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index jumped 33.43 points to end at 221.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.49 of a cent to 6.99 US cents, with 5 shares crossing the market, MPC Caribbean Clean Energy lost 3.17 cents in closing at 66.6 US cents with a transfer of 16 units, Productive Business Solutions gained 45.8 cents to end at US$1.75 in an exchange of 15 stock units. Proven Investments popped 0.49 of a cent in ending at 18.99 US cents with investors transferring 150 stocks and Sterling Investments climbed 0.3 of a cent to close at 2 US cents in switching ownership of 750 stock units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.64 trading 5 stocks. JMMB Group 5.75% ended at US$2 as investors exchanged 34,790 shares and JMMB Group 6% advanced 5 cents to end at US$1.05 with an exchange of 10,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.