Big jump in JSE USD market

Trading ended on Tuesday, with a 1,034 percent surge in the volume of shares changing hands after a 2,082 percent jump in total funds passing through the Jamaica Stock Exchange US dollar market than on Monday and resulted in more stocks rising than falling.
Trading ended with eight securities changing hands, versus nine on Monday with four rising, two declining and two ending unchanged. The JSE US Denominated Equities Index jumped 8.81 points to end at 205.52 to be up 10.3 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts done by for each company with the financial year ending during the current year up to August 2022.
Overall, 846,041 shares worth US$120,319 traded up from 74,628 units at US$5,514 on Monday. Trading averaged 105,755 units at US$15,040, compared to 8,292 shares at US$613 on the previous day and month to date an average of 79,766 shares at US$10,928 versus 78,291 units at US$10,695 on Monday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville declined 0.48 of one cent to 9 US cents in trading 1,200 shares, MPC Caribbean Clean Energy popped 3 cents to close at US$1.08 after exchanging one stock unit, Productive Business Solutions rose 3.45 cents to US$1.1615 trading 51 stocks. Proven Investments increased 0.15 of a cent to end at 23 US cents, with 500,827 units changing hands, Sygnus Credit Investments USD share finished unchanged at 12.85 US cents after exchanging 3,815 units, Sygnus Real Estate Finance USD share dropped 2 cents to 14 US cents with an exchange of 3,542 stocks and Transjamaican Highway gained 0.01 of a cent to close at 0.86 of one US cent in switching ownership of 335,655 shares.
In the preference segmentJMMB Group 6% closed at US$1.15, with 950 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC