Trading jumps on JSE USD Market

Trading climbed sharply on the Jamaica Stock Exchange US dollar market ended on Monday, compared with Friday, with the volume of stocks changing hands up by 41 percent with a 1,079 percent surge in value, resulting in the trading of six securities, similar to Friday and closed, with two rising, two declining and two ending unchanged.
A total of 169,789 shares were traded for US$62,331 compared with 120,088 units at US$5,287 on Friday.
Trading averaged 28,298 shares at US$10,388 versus 20,015 shares at US$881 on Friday, with the month to date averaging 33,920 shares at US$1,939 compared with 34,382 units at US$1,245 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index dipped 0.44 points to 239.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Proven Investments dipped 0.59 of a cent in closing at 17 US cents with investors transferring 89,437 shares, Sygnus Credit Investments remained at 10 US cents in an exchange of 3,970 stock units. Sygnus Real Estate Finance USD share advanced 0.1 of a cent to 12 US cents with an exchange one share and Transjamaican Highway increased 0.04 cents to close at a record high of 1.3 US cents with 39,148 units clearing the market.
In the preference segment, JMMB Group 5.75% declined 10 cents to end at US$1.90 after 2,033 shares crossed the market and JMMB Group 6% ended at US$1.21 with 35,200 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.