Surge in trading for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a jump of 1,550 percent in the volume of stocks exchanged following a 270 percent rise in money changing hands compared to Friday, resulting in trading in six securities, compared to four on Friday with prices of one rising, three declining and two ending unchanged.
The market closed with an exchange of 501,713 shares for US$12,814 compared to 30,414 units at US$3,460 on Friday.
Trading averaged 83,619 units at US$2,136 versus 7,604 shares at US$865 on Friday, with a month to date average of 20,880 shares at US$1,164 compared with 14,035 units at US$1,058 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index dipped 0.39 points to lock up trading at 237.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dipped 0.41 of one cent and ended at 11.99 US cents in an exchange of 144 units, Proven Investments shed 0.46 of a cent to 13.04 US cents with investors dealing in 29,843 stocks, Sterling Investments ended at 1.6 US cents after 1,383 shares were traded. Sygnus Credit Investments declined 0.5 of one cent to end at 8 US cents, with an exchange of 7,315 stocks and Transjamaican Highway advanced 0.08 of a cent to 1.79 US cents with investors transferring 463,007 shares.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$11.50 after 21 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.