Trading Jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market jumped sharply on Wednesday, with the volume of stocks changing hands rising 168 percent valued 1,536 percent more than on Tuesday and resulted in trading of nine securities, down from 13 on Tuesday with seven rising and two ending unchanged.
A total of 490,501 shares were exchanged for US$293,958 versus 183,070 units at US$17,969 on Tuesday.
Trading averaged 54,500 units at US$32,662 versus 14,082 shares at US$1,382 on Tuesday, with a month to date average of 63,403 shares at US$4,135 compared with 63,997 units at US$2,233 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index rallied 7.05 points to 248.42.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.3 and 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.27 of a cent in closing at 5.49 US cents with shareholders swapping 2,667 shares, Margaritaville climbed 1.89 cents to close at 11.11 US cents in switching ownership of 14 stocks, MPC Caribbean Clean Energy remained at 60 US cents after an exchange of 1,536 units. Productive Business Solutions rose 5 cents to US$1.89 as investors exchanged 145,397 stock units, Proven Investments popped 0.2 of a cent to end at 15.9 US cents after trading in 37,125 stock units, Sterling Investments ended at 1.6 US cents and closed with an exchange of 2,512 shares. Sygnus Credit Investments rose 0.21 of a cent to 11.7 US cents with an exchange of 90 stocks and Transjamaican Highway gained 0.19 of one cent to end at a record high of 1.63 US cents with an exchange of 300,539 units.
The preference segment, Productive Business 9.25% preference share rallied US$1 and ended at US$12.50, with 621 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.