Upsurge of funds pumped into JSE USD Market

Investors pumped more funds into the Jamaica Stock Exchange US dollar market on Wednesday, than on Tuesday. with the value of stocks traded surging 4,898 percent to US$314,203 from just US$6,287 on Tuesday while volume changing hands, declined 8 percent 194,347 shares compared to 212,100 units on Tuesday, resulting in trading of seven securities, compared to six on Tuesday with four rising and three ending unchanged.
Trading averaged 27,764 share at US$44,886 versus 35,350 units at US$1,048 on Tuesday, with a month to date average of 52,850 shares at US$4,921 compared to 54,606 units at US$2,124 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index popped 2.49 points to 224.83.
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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Productive Business Solutions rallied 5 cents to US$1.55 after a transfer of 120 shares, Proven Investments rose 0.3 of a cent in closing at 14.6 US cents after 439 stocks were exchanged, Sterling Investments climbed 0.25 of a cent to end at 1.7 US cents after 368 stock units changed hands. Sygnus Credit Investments ended at 9 US cents, with 7,431 units crossing the exchange, Sygnus Real Estate Finance USD share ended at 10 US cents after 495 shares were traded and Transjamaican Highway gained 0.03 of a cent and ended at 1.61 US cents after an exchange of 29,107 units
In the preference segment, JMMB Group 5.75% ended at US$2 with an exchange of 156,387 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.