Big gain for JSE USD Market Index

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands declining 96 percent valued 69 percent lower than on Thursday, resulting in the trading of five securities, compared to six on Thursday with no rising, four declining and one ending unchanged resulting in the US Denominated Equities Index jumping 7.61 points to end at 236.97.
At the close of trading, the market index reverted to a positive movement for the year with a 2 percent rise for the year to date.
A total of 506,557 shares were exchanged for US$55,262 a sharp fall from 13,382,341 units at US$179,206 on Thursday.
Trading averaged 101,311 shares at US$11,052 compared with 2,230,390 shares at US$29,868 on Thursday, with a month to date average of 313,883 shares at US$7,192 compared with 336,026 units at US$6,790 on the previous day. March ended with an average of 172,829 units for US$12,793.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, Productive Business Solutions slipped 0.01 of a cent to end at US$1.8999, after 282 shares were traded, Proven Investments fell 0.65 cents to 16 US cents after a transfer of 222,020 stock units, Sterling Investments declined 0.01 of a cent to close at 2 US cents with investors trading 3,062 stocks and Transjamaican Highway dipped 0.15 of a cent to 1.1 US cents in an exchange of 268,010 units.
In the preference segment, JMMB Group 6% ended at US$1.08 with investors transferring 13,183 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.