Trading climbs for JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market on Friday, with a 22 percent rise in the volume of stocks changing hands after the value jumped 46 percent over Thursday, resulting in the trading of nine securities, compared with five on Thursday, with two rising, five declining and two ending unchanged.
A total of 584,142 shares were traded for US$30,721 up from 477,710 units at US$21,075 on Thursday.
An average of 64,905 shares were exchanged at US$3,413 compared with 95,542 stocks at US$4,215 on Thursday, with a month to date average of 97,248 units at US$2,979 compared with 101,029 units at US$2,928 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index fell 4.07 points to settle at 238.88.
PE Ratio a measure used to compute appropriate stock values, averages 8.5. The PE ratio for the USD Market is based on the last traded price divided by ICInsider.com’s projected earnings for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.15 of a cent to 4 US cents, with 12,000 shares passing through the market, MPC Caribbean Clean Energy fell 6 cents and finished at 57 US cents with seven units being traded, Productive Business Solutions remained at US$1.80 with three stocks clearing the market. Proven Investments ended at 14 US cents after a transfer of 1,051 stock units, Sygnus Credit Investments lost 1.05 cents to close at a 52 weeks’ low of 8 US cents in an exchange of 18,859 stock units, Sygnus Real Estate Finance USD share shed 0.6 of one cent to 10.4 US cents as investors exchanged 29 stocks and Transjamaican Highway popped 0.03 of a cent in closing at 1.55 US cents after an exchange of 547,150 units.
In the preference segment, Productive Business 9.25% preference share dropped 65 cents to close at US$12.80 after trading 1,205 shares and JMMB Group 6% declined 1 cent to end at US$1.08 with an exchange of 3,838 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.