Volume jumps on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 460 percent after 12 percent fewer US dollars changed hands than on Thursday, resulting from trading in six securities, compared to eight on Thursday with prices of two rising, one declining and three ending unchanged.
The market closed trading of 670,997 shares for US$26,968 up from 119,808 units at US$30,732 on Thursday.
Trading ended with an average of 111,833 units at US$4,495 compared with 14,976 shares at US$3,842 on Thursday. Trading month to date averages 40,528 shares at US$4,560 compared to 36,603 units at US$4,564 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index gained 3.31 points to close at 247.45.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. 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 and or around August ents c2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share gained 0.99 of one cent in closing at 5 US cents in switching ownership of 70,000 stocks, Proven Investments remained at 13.5 US cents with 2,044 stock units clearing the market, Sterling Investments ended trading at 1.5 US cents with an exchange of 13,714 shares and Transjamaican Highway popped 0.11 of a cent and ended at 1.99 US cents, with 584,238 stock units changing hands.
In the preference segment, Sygnus Credit Investments US 8% climbed 50 to end at a record high of US$10.50 after an exchange of a mere one share and Sygnus Credit Investments E 8.5% declined 21.2 cent to US$11.788 with investors transferring 1,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.