JSE USD Market rises on lower trades

Trading ended on the Jamaica Stock Exchange US dollar market on Friday, with a sharp 66 percent decline in the volume of stocks exchanged following 14 percent more money changed hands than on Thursday, resulting in trading in nine securities, compared to six on Thursday with prices of four rising, one declining and four ending unchanged.
The market closed with an exchange of 262,328 shares for US$19,513 compared to 771,589 units at US$17,159 on Thursday.
Trading averaged 29,148 units at US$2,168 versus 128,598 shares at US$2,860 on Thursday, with a month to date average of 74,934 shares at US$4,754 compared with 81,084 units at US$5,101 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index rose 5.05 points to close at 249.19.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden ended at 22 US cents while exchanging 383 units, First Rock Real Estate USD share remained at 4.5 US cents after 182,833 stocks passed through the market, Margaritaville lost 2 cents to close at 10 US cents after an exchange of 14,391 shares. Proven Investments ended at 15.1 US cents with 8,040 stock units clearing the market, Sygnus Credit Investments remained at 8.99 US cents with traders dealing in 5,539 shares, Sygnus Real Estate Finance USD share gained 3.67 cents to end at 10.49 US cents, with 1,191 units crossing the exchange and Transjamaican Highway popped 0.08 of a cent and ended at 2.19 US cents in switching ownership of 44,284 stocks.
In the preference segment, JMMB Group US8.5% preference share rallied 3.89 cents in closing at US$1.199 after an exchange of 5,650 stock units and Productive Business Solutions 9.25% preference share rose US$2 to end at US$12 with investors transferring 17 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.