JSE USD market climbs

The Jamaica Stock Exchange, US dollar market, ended on Friday with the volume and value of stocks traded falling by 88 percent and 78 percent, respectively, from Thursday levels, resulting in an exchange of nine securities, compared to six on Thursday with seven rising, one declining and one ending unchanged.
Trading ended with 117,261 shares being exchanged for US$13,332, down from 954,744 units at US$59,481 on Thursday. The average volume traded was 13,029 units at US$1,481 versus 159,124 shares at US$9,914 on Thursday, with the month to date averaging 54,622 shares at US$8,321 versus 56,947 units at US$8,704 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index rallied 7.51 points to end at 213.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with their financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents while exchanging 33,581 shares, Margaritaville climbed 2.99 cents in closing at 14.99 US cents, with 928 stocks crossing the exchange, Productive Business Solutions advanced 12.25 cents ending at US$1.3225 in trading 115 units. Proven Investments increased 2.4 cents to close at 21.4 US cents after exchanging 925 stock units, Sygnus Credit Investments USD share rose 0.86 of a cent to 11.97 US cents after trading 5,160 shares, Sygnus Real Estate Finance USD share dipped 0.05 of one cent to 12.45 US cents in exchanging 1,394 stocks and Transjamaican Highway rallied 0.05 of a cent to close at 0.9 of one US cent after trading 69,856 units.
In the preference segment, JMMB Group 5.75% popped 15.75 cents to end at US$1.90 in an exchange of 5,300 stock units and JMMB Group 6% gained 10 cents to US$1.10 with a transfer of two two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.