Trading jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands surging 1,143 percent valued 1,050 percent more than on Tuesday and resulting in trading of six securities, compared to five on Tuesday with three rising, two declining and one ending unchanged.
Overall, 184,226 shares were traded, for US$16,805 up from 14,818 units at US$1,462 on Tuesday.
Trading averaged 30,704 units at US$2,801 versus 2,964 shares at US$292 on Tuesday, with a month to date average of 33,243 shares at US$2,234 compared with 33,485 units at US$2,181 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index climbed 2.54 points to 228.22.
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 three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the end of trading, Productive Business Solutions rallied 5 cents to US$1.55 after a transfer of 160 stocks, Proven Investments rose 0.4 of a cent to close at 15.5 US cents with stakeholders exchanging 4,465 shares, Sterling Investments advanced 0.04 of a cent and ended at 1.73 US cents, with 884 stocks changing hands. Sygnus Credit Investments remained at 8.9 US cents in trading 2,500 stock units and Transjamaican Highway dipped 0.1 of a cent to end at 1.6 US cents with shareholders swapping 163,337 shares.
In the preference segment, JMMB Group 6% fell 1 cent to US$1 as investors exchanged 12,880 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.