5% gain for JSE USD market year to date

Stocks gained 5 percent in the first week of trading in 2024 at the close on Friday on the Jamaica Stock Exchange US dollar market. Trading ended with a 95 percent drop in the volume of stocks changing hands, valued 69 percent lower than Thursday and resulting in six securities being traded, compared to five on Thursday with three rising, one declining and two ending unchanged.
Overall, 13,643 shares were traded, for US$3,500 compared to 250,247 units at US$11,360 on Thursday.
Trading averaged 2,274 units at US$583 compared with 50,049 shares at US$2,272 on Thursday, with a month to date average of 19,968 shares at US$949 compared with 25,867 units at US$1,071 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index climbed 4.94 points to close at 242.30, up 4.9 percent for the year to date.
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 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 advanced 0.39 of a cent to close at 4.89 US cents in an exchange of 40 stock units, Proven Investments dipped 0.1 of one cent to 14.5 US cents with investors swapping 921 shares, Sterling Investments rose 0.03 of a cent to end at 1.6 US cents with 11,076 units changing hands. Sygnus Credit Investments remained at 9 US cents after closing with an exchange of 25 stocks and Transjamaican Highway climbed 0.12 of one cent and ended at 1.72 US cents with 1,306 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$11.50 after an exchange of 275 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.