JSE USD Market climbs higher

Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday, with a 66 percent fall in the volume of stocks changing hands as the value dropped 89 percent lower than on Tuesday, resulting in the trading of seven securities, compared to five on Tuesday with one rising, three declining and three ending unchanged.
Overall, 39,854 shares were exchanged for US$2,210 compared with 117,602 units at US$19,660 on Tuesday.
Trading averaged 5,693 shares at US$316 compared with 23,520 units at US$3,932 on Tuesday, with a month to date average of 39,468 shares at US$1,388 compared to 43,929 units at US$1,529 on the prior day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index gained 1.02 points to close at 234.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 10 US cents with 11,802 shares being traded, MPC Caribbean Clean Energy ended at 59 US cents in swapping 25 stocks, Sterling Investments lost 0.05 of a cent to close at 1.85 US cents, with 15,015 units changing hands, Sygnus Credit Investments rose 0.56 of a cent to 10 US cents after an exchange of 3,248 stock units, Sygnus Real Estate Finance USD share dipped 0.39 of a cent and ended at 12 US cents as 2,763 stocks passed through the market and Transjamaican Highway fell 0.06 of a cent to 1.14 US cents in trading 7,000 units.
In the preference segment, Eppley 6% preference share remained at US$1.40 with an exchange of one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.