Trading surged on the JSE USD market

Trading surged on Wednesday with a 97 percent jump in the volume of stocks changing hands on the Jamaica Stock Exchange US dollar market following a 221 percent jump in the value of stocks changing hands compared to Tuesday, resulting from trading in nine securities, up from eight on Tuesday and ended with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 303,812 shares for US$36,667 up from 154,383 units at US$11,426 on Tuesday.
Trading averaged 33,757 units at US$4,074 versus 19,298 shares at US$1,428 on Tuesday, with a month to date average of 50,886 shares at US$3,720 compared with 52,045 units at US$3,696 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index popped 0.33 points to settle at 249.15.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four 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 4.99 US cents while investors exchanged 3,813 stocks, Margaritaville dipped 0.99 of one cent to 10 US cents, with 22,170 units crossing the market, Proven Investments ended at 14.99 US cents after an exchange of 9,156 shares. Sterling Investments advanced 0.07 of a cent to close at 1.69 US cents with 58 stock units crossing the market, Sygnus Credit Investments lost 0.1 of a cent to end at 8.6 US cents in switching ownership of 11 shares, Sygnus Real Estate Finance USD share ended at 11 US cents, with 1,000 stocks changing hands and Transjamaican Highway rose 0.03 of a cent to 2.2 US cents and closed with an exchange of 245,862 units.
In the preference segment, JMMB Group US8.5% preference share rallied 1 cent to end at US$1.18 with 19,754 stock units clearing the market and JMMB Group 5.75% remained at US$2.12 with investors dealing in 1,988 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.