Trading jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands jumping 412 percent, with a value 963 percent more than on Friday, resulting from trading in seven securities similar to Friday and ended, with one rising, five declining and one ending unchanged.
A total of 647,665 shares were traded, for US$35,342 compared with 126,524 units at US$3,325 on Friday.
Trading on Monday averaged 92,524 units at US$5,049 compared with 18,075 shares at US$475 on Friday. Trading for the month to date averages 36,116 shares at US$2,343 compared with 28,374 units at US$1,972 on the previous trading day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index declined 0.10 points to conclude trading at 223.37.
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 and or around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Productive Business Solutions ended at US$1.50 with a transfer of 712 shares, Proven Investments slipped 0.01 of a cent to 15 US cents with stakeholders trading 154,948 shares, Sterling Investments fell 0.09 of a cent in closing at 1.69 US cents after a transfer of 59,523 units. Sygnus Credit Investments dipped 0.32 of one cent to close at 8.68 US cents with traders dealing in 3,001 stocks and Transjamaican Highway rose 0.11 of a cent and ended at 1.73 US cents in an exchange of 428,095 shares.
In the preference segment, JMMB Group 5.75% lost 5 cents to end at US$1.95 with investors transferring 1,358 stock units and JMMB Group 6% shed 1 cent and ended at US$1.01, with 28 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.