Big gains for JSEUSD Market

Trading picked up on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks changing hands rising 4,079 percent valued 123 percent more than on Monday and resulting in seven securities traded, compared to four on Monday, with three rising, two declining and two ending unchanged.
Overall, 1,534,710 shares were traded for US$17,244 up from 36,726 units at US$7,737 on Monday.
Trading averaged 219,244 units at US$2,463 compared with 9,182 shares at US$1,934 on Monday, with a month to date average of 37,699 shares at US$1,259 compared to 24,180 units at US$1,169 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index climbed 4.71 points to end at 235.69.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share shed 0.52 of one cent to 7.18 US cents, with 29,500 shares crossing the exchange, Proven Investments declined 0.04 of a cent to close at 19.85 US cents after an exchange of 203 units, Sterling Investments advanced 0.2 of a cent to end at 2.2 US cents, with 5,000 stock units crossing the market and Transjamaican Highway popped 0.06 of a cent in closing at 1 US cent after a transfer of 1,500,000 stocks.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 after three shares changed hands, JMMB Group 5.75% remained at US$2 after one unit passed through the market and JMMB Group 6% gained 6.99 cents in closing at US$1.0699 in trading three stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.