Gains for JSE USD Market

The Jamaica Stock Exchange US dollar market ended trading on Wednesday, with a 73 percent jump in the volume of stocks changing hands following a 48 percent drop in value from trading on Tuesday, resulting in trading in seven securities, compared to six on Tuesday with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 193,096 shares for US$13,524 compared to 111,519 units at US$25,798 on Tuesday.
Trading averaged 27,585 units at US$1,932 versus 18,587 shares at US$4,300 on Tuesday, with a month to date average of 26,779 shares at US$3,645 compared with 26,623 units at US$3,978 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index gained 0.71 points to close at 236.50.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share popped 0.19 of a cent in closing at 4.7 US cents after an exchange of 58 stock units, Margaritaville dipped 1.5 cents to 8.53 US cents in trading 365 shares, Proven Investments remained at 13.09 US cents with 13,966 stocks changing hands. Sygnus Real Estate Finance USD share fell 0.2 of a cent and ended at 8.8 US cents after an exchange of 82,281 units and Transjamaican Highway shed 0.04 of a cent to close at 2.1 US cents with investors trading 96,201 shares.
In the preference segment, JMMB Group US8.5% preference share rallied 7 cents to finish at US$1.27 in switching ownership of 5 stock units and Sygnus Credit Investments US 8% ended at US$10.60, with 220 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.