Trading picks up for JSE USD Market

Trading activity picked upon the Jamaica Stock Exchange US dollar market on Wednesday, with the 3,657 percent surge in the volume of stocks changing hands, with the value rising 1,611 percent over that on Tuesday, resulting in the trading of six securities, compared to five on Tuesday with none rising, three declining and three ending unchanged.
On Tuesday, 455,073 shares were exchanged for US$31,454, compared with 12,114 units at US$1,838. Trading averaged 75,846 shares at US$5,242 versus 2,423 units at US$368 on Tuesday, with a month to date average of 34,965 shares at US$2,072 up from 32,045 units at US$1,846 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index fell 3.55 points to conclude trading at 236.38.
The PE Ratio, a measure of computing appropriate stock values averages 9.1. The PE ratio is calculated based on the last traded stock price 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 ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share fell 0.3 of a cent to 5.89 US cents after a transfer of 968 shares, Proven Investments ended at 17 US cents after investors traded 22,700 units, Sygnus Credit Investments ended at 10 US cents after 400 stocks passed through the market and Transjamaican Highway shed 0.01 of a cent and ended at 1.29 US cents in trading 425,018 units.
In the preference segment, Productive Business 9.25%  preference share dipped 15 cents to close at US$13 with an exchange of 987 stocks and JMMB Group 5.75% ended at US$1.90, with 5,000 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.