Trading picks up on the JSE USD Market

 Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged declining 84 percent after 680 percent more money changed hands than on Tuesday, resulting in trading in five securities, compared to six on Tuesday with prices of one rising, one declining and three ending unchanged.
The market closed with an exchange of 22,109 shares for US$25,157 compared to 135,574 units at US$3,223 on Tuesday.
Trading averaged 4,422 units at US$5,031 versus 22,596 shares at US$537 on Tuesday, with a month to date average of 15,357 shares at US$1,215 compared with 16,796 units at US$712 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index rose 1.04 points to close at 240.82.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, Productive Business Solutions dropped 1 cent to end at US$1.77 with investors swapping 14 stocks, Proven Investments ended at 14.5 US cents, with 963 shares crossing the market, Sterling Investments remained at 1.6 US cents in an exchange of 64 stocks and Transjamaican Highway ended at 1.71 US cents after 68 units passed through the market.
In the preference segment, JMMB Group 6% advanced 14 cents to close at US$1.19 in an exchange of 21,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.