Gains for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 22 percent valued 89 percent more than on Tuesday, resulting in trading of six securities, compared to six on Tuesday with four rising, no declining and two ending unchanged.
A total of 236,678 shares were exchanged for US$35,767 compared with 303,705 units at US$18,904 on Tuesday.
Trading averaged 39,446 shares at US$5,961 compared with 50,618 units at US$3,151 on Tuesday, with a month to date average of 73,490 shares at US$3,495 compared with 88,080 units at US$2,438 on the previous day. March ended with an average of 172,829 units for US$12,793.
The JSE US Denominated Equities Index inched 0.44 points higher to close at 210.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. 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 than last selling prices and one with a lower offer.
At the close, Margaritaville gained 2.13 cents in closing at 11.48 US cents with investors exchanging 152 shares, Productive Business Solutions advanced 19.55 cents to close at US$1.73, with 2,202 units crossing the market, Proven Investments rose 1.5 cents to 19.5 US cents with an exchange of 167,094 stock units. Sygnus Credit Investments remained at 9.44 US cents with investors transferring 50 stocks and Transjamaican Highway ended at 1 US cent with a transfer of 67,070 units.
In the preference segment, JMMB Group 5.75% climbed 27.67 cents in closing at US$2.1212 in an exchange of 110 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.