Trading picked up for JSE USD Market

Trading picked up pace on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks changing hands rising 28 percent valued 117 percent more than on Wednesday and resulting in five securities being traded, compared to seven on Wednesday on a day when there were no stocks rising, but two declined and three were unchanged.
A total of 477,710 shares were traded for US$21,075 compared to 372,527 units at US$9,733 on Wednesday.
Trading on Thursday averaged 95,542 shares at US$4,215 compared to 53,218 units at US$1,390 on Wednesday, with a month to date average of 101,029 shares at US$2,928 compared with 101,410 units at US$2,839 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index rallied 0.96 points to conclude trading at 242.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Margaritaville ended at 9.35 US cents in an exchange of 12,050 shares, Proven Investments remained at 14 US cents in trading 33,162 units, Sygnus Credit Investments shed 0.4 of a cents to close at 9.05 US cents in switching ownership of 11,752 stocks and Transjamaican Highway dipped 0.33 of a cent to close at 1.52 US cents after 417,000 stock units passed through the market.
In the preference segment, JMMB Group 5.75% closed trading at US$1.90 after an exchange of 3,746 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.