Trading climbs on the JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market on Tuesday, with a 59 percent jump in the volume of stocks changing hands along with a 57 percent rise in the value compared to Monday and resulting in trading in eight securities, compared to five on Monday with the price of three rising, two declining and three ending unchanged.
Overall, 995,788 shares were traded for US$23,655 compared with 628,194 units at US$15,066 on Monday.
Trading averaged 124,474 shares for US$2,957 compared with 125,639 units for US$3,013 on Monday. Trading ended with a month to date average of 108,305 units at US$3,218 compared to 104,501 units at US$3,280 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index rose 0.45 points to 247.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, First Rock Real Estate USD share increased 0.6 of a cent to 4.4 US cents with stakeholders trading 225 shares, MPC Caribbean Clean Energy climbed 3 cents to close at 63 US cents and closed with an exchange of 13 stock units, Productive Business Solutions ended at US$1.80 after exchanging just one stock. Proven Investments remained at 14.6 US cents, with 11,708 units crossing the exchange, Sterling Investments ended at 1.6 US cents with investors trading 279,097 shares and Transjamaican Highway dipped 0.01 of a cent in closing at 1.8 US cents in trading 699,743 units.
In the preference segment, Productive Business Solutions 9.25% preference share gained US$1.50 and ended at US$13 with a mere one stock being traded and JMMB Group 6% shed 5.98 cents to end at 99.02 US cents in switching ownership of 5,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.