Trading surge for JSE USD Market

Trading surged on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 323 percent jump in the volume of stocks changing hands, with the value surging 873 percent more than on Tuesday and resulting in trading of eight securities, compared to four on Tuesday with one rising, two declining and five ending unchanged and resulted in the US Denominated Equities Index dipped 4.69 points to end at 227.16.
Overall, 443,134 shares were traded for US$59,410 compared to 104,786 units at US$6,106 on Tuesday.
Trading averaged 55,392 units at US$7,426, versus 26,197 shares at US$1,526 on Tuesday, with a month to date average of 25,303 shares at US$2,299 compared with 17,781 units at US$1,017 on the previous day. October ended with an average of 47,977 units for US$4,392.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share rallied 0.13 of a cent to end at 4.24 US cents in trading 5,999 stock units, Margaritaville ended at 12 US cents after 3,000 shares passed through the market, Productive Business Solutions dipped 10 cents to close at US$1.50 while exchanging 1,000 units. Proven Investments lost 0.99 of one cent in closing at 15.01 US cents, with 353,620 stock units crossing the market, Sygnus Credit Investments ended unchanged at 9 US cents after an exchange of 19,609 shares, Transjamaican Highway ended at 1.7 US cents with shareholders swapping 59,203 stocks.
In the preference segment, JMMB Group 5.75% remained at US$2 in an exchange of 597 units and JMMB Group 6% ended at US$1.02, with 106 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.