Trading jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market jumped on Tuesday, with an 87 percent rise in the volume of stocks exchanged, with 215 percent greater value than on Monday, resulting from trading of seven securities, compared to 10 on Monday with two rising, two declining and three ending unchanged.
Overall, 558,777 shares traded, for US$100,540 up from 299,180 units at US$31,910 on Monday. Trading averaged 79,825 units at US$14,363, up from 29,918 shares at US$3,191 on Monday, with a month to date average of 40,001 shares at US$4,967 versus 30,045 units at US$2,618 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index rose 2.38 points to end at 208.88.
The PE Ratio a measure used in computing appropriate stock values, averages 8.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents while exchanging 63,080 shares, Productive Business Solutions remained at US$1.321, with one stock clearing the market, Proven Investments remained at 20 US cents in exchanging 472,394 units and Transjamaican Highway increased 0.07 of a cent in closing at 0.9 of one US cent with a transfer of 21,100 stock units.
In the preference segment, JMMB Group 5.75% lost 50 cents to end at US$1.50 after exchanging 2,000 stocks, JMMB Group 5.75% dipped 5 cents to close at US$1.70, with 200 units crossing the market and JMMB Group 6% popped 5 cents in closing at US$1.10 in trading just two stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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