Big jump for JSE USD market

The Jamaica Stock Exchange US dollar market jumped to closed on Friday, with the US Denominated Equities Index rallying a solid 12.51 points to 226.88 following a 79 percent drop in the volume of stocks traded, with an 86 percent lower value than on Thursday, resulting from the exchange of six securities, compared with seven on Thursday and ending with prices of four rising, no declining and two ending unchanged.

The market closed with an exchange of 386,163 shares for US$29,928 compared to 1,881,720 stock units at US$213,579 on Thursday. Trading averaged 64,361 shares wit a value of US$4,988, down sharply from 268,817 stocks at US$30,511 on Thursday, with an average for the month to date of 91,761 units at US$8,860, in sync with 92,935 stocks at US$9,026 on the previous day and compares to trading in February with an average of 115,433 units for US$5,430. The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and one with a lower offer. The PE Ratio, the most frequently used measure to determine appropriate stock values, averages 10.8. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025. At the close, AS Bryden advanced 3.49 cents and ended at 19.99 US cents in trading 8,951 shares, First Rock Real Estate USD share remained at 2.09 US cents after an exchange of just two stocks, Proven Investments popped 0.1 of one cent to end at 9.1 US cents with 252,998 units crossing the market and Transjamaican Highway increased 0.17 of one cent in closing at 2.58 US cents in an exchange of 124,060 shares. In the preference segment, JMMB Group US8.5% preferred share ended at US$1.03 passed through the market 15 shares and Sygnus Credit Investments US 8% climbed US$1.42 to finish at US$10.10 as investors exchanged 137 stock units. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.