Gains for JSE USD Market

Stocks mostly rallied on the Jamaica Stock Exchange US dollar market on Wednesday resulting from trading in seven securities, compared to eight on Tuesday with five rising, one declining and one ending unchanged with the volume of stocks changing hands declining 82 percent valued 86 percent less than on Tuesday.
A total of 246,487 shares were traded at US$10,039 compared to 1,397,026 units at US$71,601 on Tuesday.
Trading averaged 35,212 shares at US$1,434, down from 174,628 units at US$8,950 on Tuesday, with a month to date average of 60,736 stock units at US$5,476 compared with 63,926 units at US$5,981 on the previous day. Trading in August averages 57,291 units for US$4,251.
The US Denominated Equities Index rallied 4.15 points to conclude trading at 244.57.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share rallied 1.4 cents to 6.7 US cents, with 84,833 shares changing hands, Proven Investments increased 0.2 of a cent to close at 15 US cents with traders dealing in 2,610 stock units. Sterling Investments ended at 1.92 US cents with investors trading in 1,046 units, Sygnus Credit Investments climbed 0.1 of a cent in closing at 9.1 US cents with a transfer of 26,288 stocks, Sygnus Real Estate Finance USD share rose 1.5 cents to end at 10 US cents with 62 stocks crossing the market and Transjamaican Highway gained 0.11 of one cent to close at 1.69 US cents with an exchange of 131,637 shares.
In the preference segment, JMMB Group 6% shed 0.12 of a cent to end at US$1.0788 after trading 11 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.