Trading climbs on the JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 40 percent after 167 percent more US dollars were exchanged than on Wednesday, resulting in trading in seven securities, compared to four on Wednesday with prices of three rising, three declining and one ending unchanged.
The market closed with an exchange of 326,941 shares for US$17,135 compared to 233,494 units at US$6,425 on Wednesday.
Trading averaged 46,706 units at US$2,448 versus 58,374 shares at US$1,606 on Wednesday, with a month to date average of 39,263 shares at US$2,583 compared with 38,241 units at US$2,602 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index popped 0.06 points to close at 242.41.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. 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 three with lower offers.
At the close, First Rock Real Estate USD share rallied 0.83 of one cent to close at 4.9 US cents in switching ownership of 1,000 stock units, Proven Investments skidded 0.76 of one cent to 14 US cents as investors exchanged 3,588 shares, Sterling Investments ended at 1.6 US cents with trading taking place in 14,440 units. Sygnus Credit Investments popped 0.86 of one cent in closing at 7.96 US cents crossing the market 100 stocks and Transjamaican Highway increased 0.02 cent to finish at 2.25 US cents in an exchange of 303,149 shares.
In the preference segment, JMMB Group 5.75% fell 2 cents and ended at US$2.10 after closing with an exchange of 4,650 units and Sygnus Credit Investments E8.5% declined 30 cents to US$10.50 after an exchange of 14 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.