Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged rising 265 percent after 196 percent more US dollars changed hands than on Tuesday, resulting in trading in six securities, compared to seven on Tuesday with prices of five rising, no declining and one ending unchanged.
The market closed with an exchange of 161,765 shares for US$5,665 compared to 44,268 units at US$1,914 on Tuesday.
Trading averaged 26,961 stock units at US$944 versus 6,324 shares at US$273 on Tuesday, with a month to date average of 30,304 shares at US$2,118 compared with 30,465 units at US$2,174 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index increased 1.87 points to end at 226.73.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.4. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three 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 rallied 0.19 of a cent to end at 4.89 US cents after 153 stock units passed through the market, 
Margaritaville increased 2.1 cents to 10 US cents after a transfer of 666 shares, Proven Investments ended at 11 US cents with 21,570 stock units changing hands. Sterling Investments popped 0.18 of a cent to finish at 1.73 US cents with investors trading a mere one unit, Sygnus Credit Investments advanced 0.1 of a cent to close at 7 US cents with an exchange of 7,130 shares and Transjamaican Highway rose 0.1 of a cent in closing at 2.1 US cents with 132,245 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Just gains no losses for JSE USD market
July 31, 2024 by
