Trading jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 96 percent jump in the volume of stocks changing hands valued at percent more than Wednesday’s trade, resulting from trading in 10 securities, up from five on Wednesday and ended, with three rising, five declining and two ending unchanged.
Investors traded 526,142 shares for US$16,546 compared with 268,786 units at US$4,988 on Wednesday.
Trading averaged 52,614 shares at US$1,655 versus 53,757 units at US$998 on Wednesday, with a month to date average of 43,804 shares at US$1,277 compared to 39,399 units at US$1,089 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index lost 5.33 points to close at 248.72.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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 none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4.2 US cents and closed with an exchange of 6,876 shares, Margaritaville lost 1.29 cents to end at 9.51 US cents with stakeholders exchanging 2,695 stock units, MPC Caribbean Clean Energy ended at 54 US cents with investors dealing in 492 units. Productive Business Solutions shed 15 cents in closing at US$1.80 with traders dealing in 22 stocks, Proven Investments rose 0.92 of one cent to 14.69 US cents after 23,066 stocks passed through the market, Sterling Investments gained 0.1 of a cent and ended at 1.8 US cents with an exchange of 25,000 units. Sygnus Credit Investments dipped 0.02 of a cent in closing at 9 US cents with shareholders swapping 18,018 shares, Sygnus Real Estate Finance USD share declined 0.5 of one cent to close at 9.5 US cents with 150 stock units clearing the market and Transjamaican Highway popped 0.17 of a cent to end at 1.87 US cents after an exchange of 447,823 stocks.
In the preference segment, JMMB Group 6% fell 6.8 cents to US$1.002 with a transfer of 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.