Trading volume jumps on JSE USD Market

The volume of shares changing hands on Monday jumped 283 percent more than on Friday with the value dropping 58 percent lower at the close of the Jamaica Stock Exchange US dollar market resulting in slightly more stocks rising than falling.
A total of 11 securities were traded, up from seven on Friday with four rising, three declining and four ended firm. The JSE US Denominated Equities Index lost 2.00 points to end at 205.98.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 1,705,073 shares traded, for US$27,762 compared to 444,902 units at US$66,249 on Friday. Trading averaged 155,007 units at US$2,524, compared to 63,557 shares at US$9,464 on Friday and month to date an average of 87,719 shares at US$9,318 versus 82,196 units at US$9,876 on the prior trading day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share gained 1 cent to end at 8 US cents, with 1,569 shares crossing the market, Margaritaville lost 1 cent after ending at 20 US cents, with 33 stocks, changing hands MPC Caribbean Clean Energy finished at US$1.26, with 2 units crossing the market. Productive Business Solutions fell 9 cents to close at US$1.01 after exchanging 27 stock units, Proven Investments climbed 0.97 of a cent in closing at 24 US cents after trading 54,252 stock units, Sterling Investments remained at 2.1 US cents after the swapping of 832 stocks. Sygnus Credit Investments USD share dropped 0.01 of a cent to 12.94 US cents after exchanging 2,867 units and Transjamaican Highway popped 0.08 of a cent to end at 0.95 of one US cent in exchanging 1,645,477 shares.
In the preference segment, Equityline Mortgage Investment preference share ended unchanged at US$1.999 in switching ownership of 4 shares, JMMB Group 5.75% advanced 5 cents ending at US$2.09 after one stock unit crossed the exchange and JMMB Group 6% ended unchanged at US$1.10 after trading 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.