JSE US dollar market races higher

The volume of stocks exchanged by investors on Thursday climbed 180 percent on the Jamaica Stock Exchange US dollar market but at 28 percent lower value than on Wednesday, resulting in movement in seven securities, compared to 10 on Wednesday with four rising, one declining and two ending unchanged.
A total of 82,254 shares were exchanged for US$8,280 compared to 29,412 units at US$11,534 on Wednesday. Trading averaged 11,751 units at US$1,183 versus 2,941 shares at US$1,153 on Wednesday, with a month to date average of 11,737 shares at US$1,280 in line with the 11,733 units at US$1,303 on the previous day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index climbed 4.42 points to end at 221.26.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio uses CInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share increased by 0.8 of a cent in closing at 6.7 US cents with investors transferring 128 shares, Proven Investments rallied 1.5 cents to close at 21.5 US cents after a transfer of 12,042 units, Sterling Investments fell 0.01 cent to 2.2 US cents in switching ownership of 561 stock units. Sygnus Credit Investments USD share gained 1.63 cents in ending at 10.63 US cents after trading 25,054 stocks, Sygnus Real Estate Finance USD share rose 1.52 cents to end at 11.62 US cents in an exchange of 1,009 stock units and Transjamaican Highway remained at 0.99 of a US cent after trading 42,018 shares.
In the preference segment, JMMB Group 5.75% ended at US$1.70 as investors exchanged 1,442 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.