JSE US Dollar market inches higher


The Jamaica Stock Exchange US dollar market settled slightly higher on Wednesday, following a bounce in trading, with the volume of stocks changing hands jumping 185 percent, with a 194 percent greater value than on Tuesday. Transjamaican Highway, the managers of Highway 2000, toll road, accounted for nearly 75 percent of all the stocks traded. Market activity ended in the exchange of nine securities, up from five on Tuesday, with prices of three rising, three declining and three ending unchanged.

Transjamaican Highway accounted for 75 percent of trading.

The market closed trading with an exchange of 776,682 shares for US$43,426, soaring from 272,089 stocks at US$14,764 on Tuesday.
Trading averaged 86,298 shares at US$4,825, well above 54,418 stocks at US$2,953 on Tuesday, with a month to date average of 56,402 units at US$2,787, that is well in line with 54,546 stocks at US$2,661 on the previous day and April with an average of 261,717 units for US$10,686.
The US Denominated Equities Index advanced 0.68 points to settle at 245.03. The 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.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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 of a low keyed trading session, First Rock Real Estate USD share rose 0.18 of a cent and ended at 1.98 US cents after traders exchanged 6,493 shares, MPC Caribbean Clean Energy closed at 41 US cents with investors swapping 10 stock units, Proven Investments ended at 11 US cents with 181,132 shares switching owners. Sterling Investments sank 0.01 of a cent in closing at 1.97 US cents with 1,669 stocks crossing the exchange, Sygnus Credit Investments dropped 0.01 of a cent to finish at 6.99 US cents in trading 1,687 units, Sygnus Real Estate Finance USD share climbed 0.5 of a cent to close at 7 US cents with 210 shares crossing the market and Transjamaican Highway lost 0.01 of one cent to 2.38 US cents with investors trading 577,085 stocks.

In the preference segment, JMMB Group US8.5% preference share ended at US$1.10 in an exchange of 8,389 units and Sygnus Credit Investments US 8% increased 18 cents to end at US$9.01 with traders dealing in 7 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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