Trading volume jumps value drops

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 43 percent with a 54 percent lower value than on Wednesday, resulting in the trading of six securities, compared to nine on Wednesday with two rising, one declining and three ending unchanged.
Overall, 427,965 shares were traded for US$8,146 compared to 299,966 units at US$17,613 on Wednesday. Trading averaged 71,328 units at US$1,358 versus 33,330 shares at US$1,957 on Wednesday, with a month to date average of 42,559 shares at US$3,992 against 38,636 units at US$4,351 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 0.35 points to end at 207.18.
The PE Ratio, a measure used in computing appropriate stock values, averages 8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than the last selling prices and one stock with a lower offer.
First Rock US$ stock traded 129,999 units at 4 US cents, investors swapped one stock unit of Productivity Business Solutions at US$1.3225, Proven Investments traded 2,132 shares after rising 1 cent to 21 US cents and Transjamaican US$ stock traded 295,482 units at 0.82 of a US cent after sliding 0.07 of a cent.
In the US$ preference segment of the market JMMB Group 6% ended with 48 shares trading at US$1.10.