Trading rise on the JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 598 percent after 30 percent more dollars entered the market than on Wednesday, resulting in trading in six securities, compared to 11 on Wednesday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 771,589 shares for US$17,159 compared with 110,543 units at US$13,237 on Wednesday.
Trading averaged 128,598 units at US$2,860 versus 10,049 shares at US$1,203 on Wednesday, with a month to date average of 81,084 shares at US$5,101 compared with 76,411 units at US$5,322 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index dropped 3.39 points to end the day at 244.14.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 two with lower offers.
At the close, First Rock Real Estate USD share rose 0.3 of a cent and ended at 4.5 US cents and closed with an exchange of 8,159 units, MPC Caribbean Clean Energy remained at 54 US cents after exchanging 94 stocks, Proven Investments skidded 0.6 of one cent in closing at 15.1 US cents after 8,510 shares crossed the market. Sterling Investments gained 0.19 of a cent to end at 1.7 US cents while exchanging 110 stock units, Sygnus Credit Investments ended at 8.99 US cents with a transfer of 885 shares and Transjamaican Highway sank 0.09 of a cent to 2.11 US cents, with 753,831 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.