JSE USD market gains

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 6 percent with an 18 percent fall in the value than on Tuesday, resulting in the trading of five securities, compared to eight on Tuesday with four rising, one declining and none unchanged as the US Denominated Equities Index increased 8.49 points to 228.44.
A total of 282,987 shares were traded, for US$21,164 compared to 299,535 units at US$25,772 on Tuesday.
The average trade on Wednesday was 56,597 shares at US$4,233, up from 37,442 units at US$3,221 on Tuesday, with a month to date average of 65,402 shares at US$3,493 compared with 66,592 units at US$3,393 on the previous day. March ended with an average of  172,829 units for US$12,793.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share popped 0.09 of one cent in ending at 6.47 US cents with 890 shares crossing the exchange, Productive Business Solutions gained 16.35 cents in closing at US$1.90 with 445 stocks changing hands, Proven Investments rallied 1.97 cents to 18.47 US cents in switching ownership of 110,301 units, Sygnus Credit Investments shed 0.1 of a cent to end at 9.3 US cents with an exchange of 5,093 stock units and Transjamaican Highway increased 0.02 of a cent to close at 1.02 US cents with 166,258 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.