Trading picks up for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 266 percent valued 819 percent more than on Wednesday, after nine securities were traded, compared to eight on Wednesday with three rising, two declining and four ending unchanged.
Overall, 417,724 shares were traded for US$36,261 compared with 114,022 units at US$3,947 on Wednesday.
Trading averaged 46,414 shares at US$4,029 compared with 14,253 units at US$493 on Wednesday, with a month to date average of 43,744 shares for US$3,593 being fairly steady with 43,578 units at US$3,566 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE USD Equities Index added 0.37 points to end at 199.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share popped 0.79 of a cent to 7.79 US cents crossing after investors exchanged 400,159 shares, Productive Business Solutions remained at US$1.275 after a transfer of 585 stock units, Proven Investments climbed 0.89 of a cent in closing at 20 US cents after trading 16,499 stocks. Sygnus Credit Investments J$ share ended at 12 US cents, with 180 units crossing the market, Sygnus Credit Investments USD share ended at 9.5 US cents after trading 59 shares and Transjamaican Highway fell 0.04 of a cent to end at 0.91 of one US cents as 76 units changed hands.
In the preference segment, Productive Business 9.25% preference share remained at US$11 after 150 stock units changed hands, Eppley 6% preference share dropped 2.5 cents to US$1.045 with investors transferring 15 stocks and Equityline Mortgage Investment preference share rallied 3 cents to close at US$1.67 after an exchange of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.