Trading jumped on the Jamaica Stock Exchange US dollar market on Wednesday, with a 458 percent surge in the volume of stocks changing hands, carrying 31 percent more value than on Tuesday and resulting in the trading of seven securities, similar to Tuesday with three rising, two declining and two ending unchanged.
Overall, 1,090,681 shares were traded for US$25,542 compared to 195,527 units at US$19,530 on Tuesday.
Trading averaged 155,812 units at US$3,649 versus 27,932 shares at US$2,790 on Tuesday, with a month to date average of 58,302 shares at US$3,162 compared with 24,174 units at US$2,992 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index dipped 3.94 points to 239.33.
PE Ratios, are used in computing appropriate stock values and averages 8.7 for the Junior Market. It is computed based on the last traded price divided by earnings projected by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended at 4 US cents after investors ended in trading 124,574 shares, Margaritaville rallied 0.49 of one cent to 11.49 US cents, with just one stock unit crossing the market, 
Proven Investments rose 0.2 of a cent to close at 14.7 US cents with 9,254 stocks crossing the exchange. Sterling Investments gained 0.02 of a cent to end at 1.92 US cents with a transfer of 10,000 units, Sygnus Credit Investments lost 0.88 of one cent in closing at 9.1 US cents in switching ownership of 35,827 units, Sygnus Real Estate Finance USD share remained at 10 US cents after 14,939 stock units passed through the market and Transjamaican Highway shed 0.09 of a cent to close at 1.6 US cents after an exchange of 896,086 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on the JSE USD Market
September 6, 2023 by
