Trading spiked on the JSE USD Market

Trading spiked on the Jamaica Stock Exchange US dollar market on Wednesday, with a 389 percent surge in the volume of stocks traded as then climbed 233 percent over that on Tuesday, resulting in the exchange of seven securities, compared with eight, with the price of only one rising, four declining and two ending unchanged.

The market closed with an exchange of 604,241 shares for US$46,707 compared to 123,521 stocks at US$14,086 on Tuesday.
Trading ended with an average of 86,320 shares at US$6,672 compared to 15,440 stocks at US$1,761 on Tuesday, with a month to date average of 97,886 units at US$7,824 compared with 98,650 stocks at US$7,898 on the previous day and October with an average of 426,617 stock units for US$11,189.
The US Denominated Equities Index declined 2.91 points to close at 245.83. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share slipped 0.01 of a cent to end at a 52 weeks’ low of 2.99 US cents with 1,309 units switching owners, Proven Investments lost 1.85 cents in ending at 9.25 US cents with 272,343 stocks traded, Sygnus Real Estate Finance USD share ended at 5 US cents with 26,118 shares clearing the market and Transjamaican Highway slipped 0.13 of one cent to end at 2.75 US cents with a transfer of 302,611 stock units.                      In the preference segment, JMMB Group 5.5% remained at US$1.90 with a mere 15 shares crossing the market, JMMB Group 5.75% sank 30 cents to close at US$1.80 in an exchange of 832 stocks and Productive Business Solutions 9.25% preference share advanced 0.1 of one cent to US$9.001 with investors dealing in 1,013 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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