JSE USD Market rallies on Monday

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a 70 percent decline in the volume of stocks changing hands but valued 287 percent more than on Friday, resulting in trading in nine securities, compared to eight on Friday with two rising, three declining and four ending unchanged.
, 175,984 shares were traded, for US$39,421 compared to 580,017 units at US$10,197 on Friday.
Trading averaged 19,554 units at US$4,380 versus 72,502 shares at US$1,275 on Friday, with a month to date average of 48,101 shares at US$3,900 compared with 50,278 units at US$3,863 on the previous day, fairly close to August with an average of 57,291 units for US$4,251.
The US Denominated Equities Index rose 3.40 points to close at 257.66.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share increased 0.89 of one cent to 6 US cents and closing after 1,974 shares changed hands, Margaritaville remained at 11 US cents with traders dealing in 113 units, Proven Investments dipped 1 cent to 13.5 US cents in trading 160,775 stocks Sterling Investments shed 0.02 of a cent in closing at 1.9 US cents after investors traded 1,729 stock units, Sygnus Credit Investments ended at 9.07 US cents, with 1,276 units crossing the exchange, Sygnus Real Estate Finance USD share ended at 10 US cents with an exchange of 974 stock units and Transjamaican Highway remained at 1.69 US cents with shareholders swapping 937 stocks.
In the preference segment, JMMB Group 5.75% dropped 38 cents to close at US$1.87, with 8,198 shares clearing the market and JMMB Group 6% rallied 8.24 cents to US$1.0727 with investors dealing in 8 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.