Trading up for JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands rising 118 percent valued 754 percent more than on Tuesday, resulting in seven securities traded, compared to three on Tuesday with two rising, four declining and one ending unchanged.
Overall, 289,060 shares were traded for US$34,073 compared with 132,703 units at US$3,992 on Tuesday.
Trading averaged 41,294 shares at US$4,868 compared to 44,234 units at US$1,331 on Tuesday, with a month to date average of 70,352 shares at US$2,375 compared with 73,686 units at US$2,089 on the previous day. Trading in May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index climbed 1.86 points to conclude trading at 240.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6, 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share declined 0.5 of a cent and ended at 4.5 US cents after an exchange of 162,069 shares, Margaritaville shed 1.98 cents to close at a 52 weeks’ low of 8.02 US cents, with 2,000 stock units crossing the market. Proven Investments ended at 16 US cents with a transfer of 22,097 shares, Sterling Investments popped 0.3 of a cent in closing at 1.9 US cents after an exchange of 29 units. Sygnus Credit Investments fell 1 cent to 10 US cents after 99,000 shares were traded and Transjamaican Highway rose 0.01 of a cent to 1.45 US cents as investors exchanged just 2,865 stocks.
In the preference segment, Productive Business 9.25% preference share dipped 70 cents to close at US$12.80 with shareholders swapping 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.