Trading climbs for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks that changed hands rising 62 percent after 276 percent more US dollars passed through the market than on Monday, resulting in trading in seven securities, compared to six on Monday with prices of one rising, three declining and three ending unchanged.
The market closed with an exchange of 301,671 shares for US$25,796 up from 186,772 units at US$6,867 on Monday.
Trading averaged 43,096 units at US$3,685 versus 31,129 shares at US$1,145 on Monday, with a month to date average of 85,562 shares at US$7,893 compared with 105,380 units at US$9,856 on the previous day and January with an average of 42,169 units for US$5,037.
The US Denominated Equities Index fell 1.58 points to conclude trading at 250.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. 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 five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Productive Business Solutions remained at US$1.79 after an exchange of 740 shares, Proven Investments dipped 0.59 of a cent to 12.8 US cents with a transfer of 2,213 units, Sygnus Credit Investments ended at 8.9 US cents with an exchange of 1,089 shares and Transjamaican Highway sank 0.04 of a cent to end at 2.01 US cents with an exchange of 284,663 stock units,
In the preference segment, JMMB Group US8.5% preference share advanced 11 cents to  US$1.15, with 12,601 shares changing hands, Productive Business Solutions 9.25% preference share skidded 50 cents to US$11 as investors exchanged 50 stock units and Sygnus Credit Investments US 8% ended at US$10.50 in switching ownership of 315 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.