Trading surged on JSEUSD Market<

Trading surged sharply on the Jamaica Stock Exchange US dollar market on Thursday, with a 1,838 percent jump in the volume of stocks traded valued at 793 percent more than on Wednesday and resulting in the exchange of six securities, compared to seven on Wednesday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 711,266 shares for US$24,048 compared to 36,707 units at US$2,692 on Wednesday.
Trading ended with an average of 118,544 shares at US$4,008 compared with 5,244 stock units at US$385 on Wednesday, with trading for the month to date averaging 201,325 shares at US$5,641 compared with 207,169 units at US$5,756 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index rallied 0.65 points to conclude trading at 228.38.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.3. 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.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.77 of one cent to end at 3.33 US cents with 11,575 stocks crossing the exchange, Proven Investments rallied 0.1 of a cent to 9.6 US cents with a transfer of 7,073 units, Sterling Investments lost 0.03 of a cent and ended at 1.5 US cents after 1,000 shares were traded. Sygnus Credit Investments ended at 6.79 US cents as investors exchanged 21,303 stock units and Transjamaican Highway rose 0.05 of a cent to close at 2.15 US cents with an exchange of 662,815 shares.
In the preference segment, JMMB Group US8.5% preference share gained 6.4 cents in closing at US$1.065 after an exchange of 7,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.