JSE USD Market extends 2022 gains to14%

Trading on the Jamaica Stock Exchange US dollar market ended on Friday with the volume of stocks exchanged rising 335 percent and valued 225 percent more than on Thursday, resulting in five securities trading, compared to seven on Thursday with one rising, two declining and two ending unchanged, resulting in the JSE US Denominated Equities Index gaining 1.25 points to end at 222.51, up 13.8 percent year to date.
Overall, 358,034 shares were exchanged for US$26,938 compared to 82,254 units at US$8,280 on Thursday.
Trading averaged 71,607 shares at US$5,388, up from 11,751 stock units at US$1,183 on Thursday, with a month to date average of 18,864 shares at US$1,769 versus 11,737 units at US$1,280 on the previous day. September ended with an average of 87,926 shares for US$4,746.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com  forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than its last selling price and three with lower offers.
At the close, First Rock Real Estate USD share popped 0.8 of a cent in closing at 7.5 US cents while exchanging 350,000 shares, Productive Business Solutions ended at US$1.39 after a transfer of 1,058 stock units, Proven Investments remained at 21.5 US cents trading 1,925 stocks and Transjamaican Highway dropped 0.01 cent to end at 0.98 US cent in an exchange of 4,551 units.
In the preference segment, Eppley 6% preference share dipped 11 cents after ending at US$1.02 with investors transferring 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.