Trading rises on the JSE USD market

The volume of stocks traded jumped 136 percent on Thursday, with the value surging 270 percent more than on Wednesday at the close of the Jamaica Stock Exchange US dollar market, resulting in seven securities traded, up from five on Wednesday with two rising, four declining and one ending unchanged.
The JSE US Denominated Equities Index slipped 1.35 points to end at 210.92. The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 145,561 shares were traded for US$24,336 versus 61,706 units at US$6,586 on Wednesday. Trading averaged 20,794 units at US$3,477, up from 12,341 shares at US$1,317 on Wednesday, with a month to date average of 37,385 shares at US$2,950 versus 39,459 units at US$2,884 on the previous day. June ended with an average of 71,901 units for US$8,793.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share shed 0.5 of a cent to 7 US cents, with 18,673 shares crossing the market, Proven Investments popped 1.41 cents in ending at 24.41 US cents after trading of 78,243 stocks, Sterling Investments lost 0.09 cents to end at 2.01 US cents after exchanging 23,153 stock units. Sygnus Credit Investments USD share finished at 12 US cents in an exchange of 2,417 units, Sygnus Real Estate Finance USD share rallied 1.2 cents in closing at 13.4 US cents with 1,453 shares changing hands and Transjamaican Highway dropped 0.02 drop of a cent in closing at 0.95 US cents after trading 19,622 units.In the preference segment, JMMB Group 5.75% declined 3 cents to close at US$2.03 in trading 2,000 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.