JSE USD market pops on reduced trading

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 48 percent drop in the volume of stocks changing hands, with a 10 percent lower value than on Tuesday, resulting in five securities traded, compared to seven on Tuesday with the prices of one rising, two declining and two ending unchanged.
A total of 230,849 shares were traded for US$10,905 down from 447,072 units at US$12,058 on Tuesday.
Trading averaged 46,170 shares at US$2,181 versus 63,867 units at US$1,723 on Tuesday, with a month to date average of 103,899 shares at US$2,796 in comparison with 124,516 units at US$3,016 on the previous day. June ended with an average of 60,969 units for US$3,967.
The US Denominated Equities Index rallied 3.87 points to 246.35.
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 and projected earnings computed 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 ending with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended at 4 US cents with an exchange of 35,101 shares, Proven Investments lost 0.1 of a cent to end at 14.9 US cents with an exchange of 9,151 stocks. Sterling Investments ended at 1.6 US cents with stakeholders trading 4,687 stock units and Transjamaican Highway rose 0.03 of a cent to close at 1.68 US cents with a transfer of 179,380 units.
In the preference segment, JMMB Group 5.75% fell 10 cents to US$1.90 in an exchange of 2,530 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.