Trading picks up for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market dropped back on Monday with the market Index losing 7.40 points to finish at 249.02 at the start of a new month, after a 621 percent jump in the volume of stocks changing hands and a 184 percent rise in value over market activity on Friday and resulted in the trading of seven securities, compared to six on Friday and ended, with one rising, three declining and three ending unchanged.
Overall, 1,296,152 shares were traded for US$30,168 compared with 179,896 units at US$10,636 on Friday.
Trading averaged 185,165 units at US$4,310 versus 29,983 shares at US$1,773 on Friday, in comparison June ended with an average of 60,969 units for US$3,967.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed 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 two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share fell 1.4 cents to 4.1 US cents after an exchange of 123,596 shares, Productive Business Solutions rose 5 cents to close at US$1.80 as investors exchanged two stock units, Proven Investments remained at 16 US cents after a transfer of 8,186 stocks. Sterling Investments ended at 1.6 US cents with an exchange of 9,796 units, Sygnus Credit Investments shed 1.7 cents in closing at 10 US cents with a transfer of 10,261 shares and Transjamaican Highway lost 0.28 of a cent in ending at 1.65 US cents after 1,144,302 units passed through the market.
In the preference segment, JMMB Group 6% ended at US$1.184 after an exchange of 9 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.