Trading climbs on JSE USD Market

Trading climbed at the close on Wednesday, with a 160 percent rise in the volume of stocks changing hands, valued 171 percent more than on Tuesday on the Jamaica Stock Exchange US dollar market, resulting in trading seven securities, compared to five on Tuesday with two rising, three declining and two ending unchanged.
Investors traded 125,994 shares for US$14,617 compared to 48,512 units at US$5,401 on Tuesday.
Trading averaged 17,999 shares at US$2,088 versus 9,702 units at US$1,080 on Tuesday, with a month to date average of 10,171 shares at US$2,934 against 8,605 units at US$3,103 on the previous day. February ended with an average of 43,793 shares for US$2,015.
The JSE USD Equities Index slipped 0.85 points to end at 231.30.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share rallied 0.98 of one cent to 6.98 US cents with an exchange of 150 shares, MPC Caribbean Clean Energy declined 2.4 cents after ending at 66.6 US cents with a transfer of 3 stock units, Productive Business Solutions ended at US$1.90 in trading 15 units. Proven Investments rose 0.5 of a cent to 19 US cents trading 15,944 units, Sterling Investments ended at 2 US cents in trading 67 units and Transjamaican Highway lost 0.06 of a cent to end at 0.9 of one US cent with investors exchanging 99,998 shares.
In the preference segment, JMMB Group 6% fell 0.14 of a cent to close at US$1.0886 and closed with 9,817 stock units clearing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.