Trading climbs on JSE USD Market

Trading picked on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands rising 688 percent valued 309 percent more than on Thursday, resulting in the trading of eight securities, up from six on Thursday with prices of three rising, four declining and one ending unchanged.
Overall, 580,017 shares were traded, for US$10,197 up from 73,572 units at US$2,495 on Thursday.
Trading averaged 72,502 units at US$1,275 versus 12,262 shares at US$416 on Thursday, with a month to date average of 50,278 shares at US$3,863 compared with 48,662 units at US$4,051 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index shed 1.12 points to end at 254.26.
The USD Market ended with a PE Ratio, of 9, the PE is the most commonly used measure in determining stock values and is computed based on the last traded price divided by projected earnings done by for companies with financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four 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 popped 0.01 of a cent to 5.11 US cents after an exchange of 360 shares, Margaritaville declined 1 cent to end at 11 US cents as investors traded 43 stock units, MPC Caribbean Clean Energy remained at 55 US cents with shareholders swapping 94 stocks. Proven Investments fell 0.25 of one cent in closing at 14.5 US cents with stakeholders exchanging 4,029 units, Sterling Investments lost 0.03 of a cent and ended at 1.92 US cents with a transfer of 21,145 stocks. Sygnus Credit Investments dropped 0.03 of a cent to close at 9.07 US cents with an exchange of 558 units, Sygnus Real Estate Finance USD share rallied 1.5 cents to 10 US cents with investors dealing in 106 stocks and Transjamaican Highway popped 0.06 of a cent in closing at 1.69 US cents in switching ownership of 553,682 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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