Trading jumps on JSE USD Market

The Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks traded rising 358 percent after 78 percent more US dollars entered the market than on Tuesday, resulting in trading in 10 securities, up from eight on Tuesday with prices of three rising, four declining and three ending unchanged.
The market closed with an exchange of 827,138 shares for US$94,452 compared with 180,495 units at US$53,094 on Tuesday.
Trading averaged 82,714 shares at US$9,445 up from 22,562 stock units for US$6,637 on Tuesday, with a month to date average of 57,260 shares at US$6,990 compared with 52,795 units at US$6,559 on the previous trading day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index lost 1.80 points to wrap-up trading at 253.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy fell 3.78 cents in closing at 57 US cents after an exchange of only one share, Proven Investments increased 1 cent to 14.5 US cents with 280,623 units clearing the market, Sterling Investments declined 0.11 of a cent to end at 1.5 US cents in switching ownership of 145,883 shares. Sygnus Credit Investments ended at 8.9 US cents, with 8 stock units crossing the exchange, Sygnus Real Estate Finance USD share popped 0.3 of a cent to close trading  at 7 US cents with an exchange of 4,065 stock units and Transjamaican Highway shed 0.17 of a cent to 1.83 US cents, after 358,974 units crossed the market.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.05 while exchanging 36,318 stocks, JMMB Group 5.75% lost 27.15 cent and ended at a 52 week low of US$1.5385 after closing with trading of 741 stock units, Productive Business Solutions 9.25% preference share ended at US$11.06 with investors swapping 410 shares and Sygnus Credit Investments E 8.5% gained 74 cents to end at US$11.74 in an exchange of 115 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.