Trading surged for the JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands jumping 1,167 percent, valued 283 percent more than on Wednesday, resulting from trading in 10 securities, up from seven on Wednesday with prices of three rising, four declining and three ending unchanged.
Investors traded 430,568 shares for US$30,840 compared to 33,994 units at US$8,059 on Wednesday.
Trading averaged 43,057 shares at US$3,084 versus 4,856 shares at US$1,151 on Wednesday, with a month to date average of 12,020 units at US$3,178 compared with 8,281 units at US$3,190 on the previous day. February averaged 43,793 units for US$2,015.
The JSE USD Equities Index dropped 25.30 points to end at 195.24.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.1. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share fell 0.87 cents to end at 6.08 US cents crossing the market 18,684 shares, Margaritaville dipped 0.01 of a cent in closing at 10.99 US cents in switching ownership of 28,631 units after the price hit an intraday 52 weeks’ low of 95 cents. MPC Caribbean Clean Energy dropped 1.4 cents to 66.6 US cents, with 126 stocks changing hands. Productive Business Solutions ended at US$1.75 in trading 227 stock units, Proven Investments declined 0.02 of a cent to  18.5 US cents as 18,719 stocks passed through the market, Sygnus Credit Investments remained at 10 US cents with investors transferring 24,164 stock units. Sygnus Real Estate Finance USD share ended at 7.18 US cents with a transfer of 139 shares and Transjamaican Highway gained 0.05 of a cent to end at 0.95 US cents after an exchange of 338,464 units.
In the preference segment, Productive Business Solutions 9.25% preference share popped 10 cents to US$12.50 after an exchange of 1,396 units and JMMB Group 5.75% rose 0.35 of a cent in closing at US$1.74 after trading 18 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.