Trading volume of stocks jumps higher

Trading picked up sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with a 797 percent rise in the volume of stocks changing hands, valued 463 percent more than on Tuesday and resulting in the trading of five securities, compared to nine on Tuesday with none rising, two declining and three ending unchanged.
A total of 437,499 shares were traded for US$50,829, up sharply from 48,759 units at US$9,034 on Tuesday.
Trading averaged 87,500 units at US$10,166 compared with 5,418 shares at US$1,004 on Tuesday, with a month to date average of 33,608 shares at US$3,224 compared with 30,830 units at US$2,866 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index gained 2.87 points to end at 229.28.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. 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 none ended with a bid higher than the last selling prices and two with lower offers.
At the close, Proven Investments declined 0.85 of a cent to close at 19.05 US cents with 49,271 shares clearing the market, Sygnus Credit Investments USD share remained at 10 US cents exchanging 360,215 units and Transjamaican Highway lost 0.01 of a cent in closing at 0.96 of one US cent after trading 23,300 stock units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 with 58 stocks changing hands and JMMB Group 6% ended at US$1 in switching ownership of 4,655 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.