Trading jumps on JSE USD Market

Trading surged on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged rising 259 percent with a 572 percent higher value than on Monday, resulting from trading of 10 securities, compared to 11 on Monday with five rising, two declining and three unchanged.
Overall, 1,284,881 shares were traded for US$85,810 compared to 358,019 units at US$12,771 on Monday.
Trading averaged 128,488 units at US$8,581 compared with 32,547 shares at US$1,161 on Monday, with a month to date average of 38,654 shares at US$2,744 versus 21,704 units at US$1,643 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 0.87 points to end at 217.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real EstateUSD share gained 1.34 cents to close at 8 US cents, with investors transferring 350,435 shares, MPC Caribbean Clean Energy fell 20 cents to a 52 weeks’ low of 80 US cents after exchanging 30 stock units, Proven Investments remained at 20 US cents, with 205,747 units crossing the market. Sterling Investments climbed 0.25 of a cent in closing at 2.25 US cents after an exchange of 24,547 stock units, Sygnus Credit Investments J$ share popped 0.03 of a cent to 15.63 US cents, with 12 units changing hands, Sygnus Credit Investments USD share increased 1.2 cents to close at 10.62 US cents with the swapping of 100 stocks and Transjamaican Highway rose 0.08 of a cent to 1 US cent after trading 699,900 shares.
In the preference segment, Productive Business 9.25% preference share ended at US$10.60 in switching ownership of 416 stock units, JMMB Group 5.75% ended at US$1.84 in trading 3,622 stock units and JMMB Group 6% dipped 1 cent to US$1.06 in an exchange of 72 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.