Surge in trading for JSE USD Market

Trading jumped on the Jamaica Stock Exchange US dollar market ended on Friday, to close out the month, with a 145 percent climb in the volume of stocks changing hands but the value declined by 62 percent compared to the total outlay on Thursday, resulting in seven securities traded compared to four on Thursday and ended with two rising, four declining and one ending unchanged.
A total of 2,780,944 shares were traded at US$60,312 compared with 1,133,465 units at US$157,008 on Thursday.
Trading averaged 397,278 units at US$8,616, versus 283,366 shares at US$39,252 on Thursday, with a month to date average of 73,281 shares at US$5,102 compared with 58,059 units at US$4,937 previously. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index declined 3.81 points to conclude trading at 253.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price divided by projected earnings by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share lost 0.62 of one cent in closing at 5.27 US cents after an exchange of 10,122 shares, Margaritaville fell 0.55 of a cent to 10.8 US cents while 15,863 stock units were traded, Productive Business Solutions dipped 3 cents to end at US$1.97 with investors trading 2,019 stocks. Proven Investments slipped 0.75 of a cent to 13.75 US cents after 45,262 units crossed the exchange, Sygnus Credit Investments ended at 9.02 US cents with a transfer of 8,499 shares and Transjamaican Highway popped up by 0.05 of a cent to end at 1.79 US cents with investors trading 2,699,164 units.
In the preference segment, JMMB Group 5.5% gained 29.41 cents in closing at US$1.9848 with an exchange of 15 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.