Trading surged on JSE USD Market

Trading surged on the Jamaica Stock Exchange US dollar market ended on Friday, with a 491 percent increase in the volume of stocks exchanged after a 1,398 percent surge in value over Thursday, resulting in trading in seven securities, down from eight on Thursday with prices of two rising, one declining and four ending unchanged.
The market closed with an exchange of 1,447,374 shares for US$79,036 compared to 245,101 units at US$5,275 on Thursday.
Trading averaged 206,768 units at US$11,291 versus 30,638 shares at US$659 on Thursday, with a month to date average of 53,325 shares at US$3,682 compared with 44,733 units at US$3,256 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index climbed 1.66 points to close at 236.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9.The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents after 22,000 stock units crossed the exchange, Proven Investments rose 0.55 of one cent to close at 13 US cents in switching ownership of 27,407 shares, Sygnus Credit Investments lost 0.25 of a cent to end at 6.75 US cents with investors dealing in 9,832 stocks and Transjamaican Highway rallied 0.11 of a cent in closing at 2.09 US cents after 1,350,865 units crossed the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.25 with an exchange of 37,007 stocks, JMMB Group 5.75% remained at US$1.80 after 251 shares passed through the market and Sygnus Credit Investments E8.5% ended at US$10.06 in an exchange of 12 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.