Trading jumps on JSE US dollar market

Trading picked up on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 221 percent and the value surging 2,541 percent over Thursday, resulting in the trading in seven securities, compared to six on Thursday with two rising, two declining and three ending unchanged.
Overall, 1,374,508 shares were traded, for US$215,103 compared to 427,965 units at US$8,146 on Thursday. Trading averaged 196,358 units at US$30,729 up from  71,328 shares at US$1,358 on Thursday, with a month to date average of 61,447 shares at US$7,275 versus 42,559 units at US$3,992 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index added 0.21 points to end at 207.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents with the trading of just three shares, Productive Business Solutions ended at US$1.3225 in an exchange of one stock unit, Proven Investments dipped 0.5 of one cent to 20.5 US cents in transferring 983,453 units. Sygnus Credit Investments USD share gained 1.88 cents to close at 13 US cents with 75,857 stocks clearing the market, Sygnus Real Estate Finance USD share lost 0.05 of a cent in closing at 12.39 US cents after a transfer of 838 shares and Transjamaican Highway rallied 0.06 of a cent to 0.88 of one US cents after exchanging 313,508 stocks.
In the preference segment, JMMB Group 6% stayed at US$1.10 after trading 848 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.