Trading surges on the JSE USD market

Trading jumped on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 3,309 percent surge in the volume of stocks exchanged as the value rose 63 percent over Wednesday’s trading levels, resulting in seven securities traded, which is similar to Wednesday’s outcome with prices of five rising, one declining and one ending unchanged.
Overall, 1,307,226 shares were traded for US$12,689 up from  38,341 units at US$7,793 on Wednesday.
Trading averaged 186,747 units at US$1,813 versus 5,477 shares at US$1,113 on Wednesday, with a month to date average of 42,097 shares at US$2,277 versus 35,209 units at US$2,299 on the previous day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 2.45 points in ending at 206.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio incorporates  ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and three with lower offers.
At the close, First Rock Real Estate USD share increased 0.3 of a cent in closing at 7.5 US cents after trading 9,000 shares, Proven Investments gained 0.06 of a cent to close at 19.06 US cents as 5,000 units passed through the market, Sygnus Credit Investments USD share climbed 0.89 of a cent after ending at 10 US cents in switching ownership of 2,570 stocks. Sygnus Real Estate Finance USD share rose 0.85 of a cent to 10.95 US cents after 439 stock units changed hands and Transjamaican Highway shed 0.1 of a cent to close at 0.8 of one US cent after finishing an exchange of 1,290,136 stock units.
In the preference segment, Productive Business 9.25% preference share rose 35 cents to a record high of US$11.50 crossing the exchange of 24 shares and Equityline Mortgage Investment preference share ended at US$1.70 with an exchange of 57 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.