Trading climbs on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks traded rising 40 percent, with the value 90 percent higher than on Thursday, resulting from trading of 12 securities, similar to Thursday, with the prices of four rising, three declining and five ending unchanged.
Overall, 983,310 shares traded for US$145,667, up from 703,183 units at US$76,534 on Thursday. Trading averaged 81,943 units at US$12,139 compared to 58,599 shares at US$6,378 on Thursday, with month to date average of 37,284 shares at US$6,460 versus 29,943 units at US$5,526 on the preceding day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index lost 0.51 points to end at 194.22.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio uses earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and none with a lower offer.

At the close, First Rock Real Estate USD share dropped 0.1 of a cent after ending at 5 US cents with the swapping of 604,420 shares, Margaritaville finished at 14.98 US cents in trading ten stocks, MPC Caribbean Clean Energy remained at US$1.30 in an exchange of one stock unit. Productive Business Solutions ended unchanged at US$1 while exchanging 616 units, Proven Investments declined 0.01 of a cent to end at 22.94 US cents and trading 4,023 stock units, Sygnus Credit Investments USD share fell 0.8 cents to end at 11.2 US cents with 4,000 stocks changing hands. Sygnus Real Estate Finance USD share increased 1.89 cents ending at 12.5 US cents, with 46 shares crossing the market and Transjamaican Highway popped 0.1 of a cent to close at 0.97 US cents with an exchange of 294,151 units.
In the preference segmentEppley 6% preference share finished at US$1.15 in switching ownership of two stock units, Equityline Mortgage Investment preference share ended unchanged at US$1.85 in exchanging one stock, JMMB Group 5.75% remained at US$1.7425 with an exchange of 43,301 units and JMMB Group 6% lost 5 cents in closing at US$1.05 with 32,739 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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