Trading surges on JSE USD market

Trading surged sharply on Thursday on the Jamaica Stock Exchange US dollar market, with the volume of shares changing hands jumping 201 percent and the value rising 708 percent more than on Wednesday, resulting in more stocks rising than falling.
Trading ended with five securities changing hands, down from eight on Wednesday with prices of two rising, none declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.42 points to end at 195.21. The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 651,072 shares traded for US$135,453 compared to 216,601 units at US$16,762 on Wednesday. Trading averaged 130,214 units at US$27,091, compared to 27,075 shares at US$2,095 previously and month to date averages 82,273 shares at US$10,990 versus 80,309 units at US$10,330 on Wednesday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share finished unchanged at 6.6 US cents, with 1,509 shares crossing the market, Proven Investment popped 0.41 of a cent to 22.99 US cents in exchanging 591,933 stock units, Sygnus Credit Investments USD share ended unchanged at 13 US cents trading 7,480 units and Transjamaican Highway rose 0.01 of a cent to 0.81 US cents with 50,000 stocks changing hands.
In the preference segment, JMMB Group 6% remained at US$1.15 in switching ownership of 150 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.