Sharp rise in JSE USD market trades

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks traded rising 23 percent and the value jumping 577 percent more than on Monday, resulting in seven securities traded, compared to six on Monday with none rising, two declining and five ending unchanged, with two stocks closing at 52 weeks’ lows.
On Tuesday, 475,683 shares were exchanged for US$98,429 compared to 388,269 units at US$14,534 on Monday. Trading on Tuesday averaged 67,955 units at US$14,061, versus 64,712 shares at US$2,422 on Monday, with month to date average of 50,299 shares at US$7,478 versus 49,416 units at US$7,149 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index slipped 2.48 points to 202.32.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents in trading 45,189 shares, Productive Business Solutions remained at US$1.15 with investors transferring 982 stocks, Proven Investments lost 1.5 cents to a 52 weeks’ low of 20 US cents with a transfer of 424,345 units. Sterling Investments ended unchanged at 2.09 US cents with an exchange of 587 stock units and Transjamaican Highway remained at 0.95 of one US cent after trading 204 units.
In the preference segment, JMMB Group 5.75% declined 4 cents to end at a 52 weeks’ low of US$1.70 after exchanging 4,370 shares and JMMB Group 6% remained at US$1.09 after clearing the market of six stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.