More gains for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged declining 13 percent after a big jump of 142 percent more US dollars chasing after stocks than on Tuesday, resulting in trading in eight securities, compared to seven on Tuesday with prices of four rising, one declining and three ending unchanged.
The market closed with trading in 263,941 shares for US$62,436 compared to 301,671 units at US$25,796 on Tuesday.
Trading averaged 32,993 shares at US$7,804 compared with 43,096 units at US$3,685 on Tuesday. Trading month to date ends with an average of 71,544 stock units at US$7,869 compared to 85,562 units at US$7,893 on the previous day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index increased 1.54 points to settle at 251.98., for a 9.1 percent gain in 2024.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. 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 one with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.05 of a cent to close at 4.08 US cents with an exchange of 995 stock units, Margaritaville dipped 0.43 of one cent to 11 US cents after investors exchanged 4,044 shares, Proven Investments rose 0.2 of a cent and ended at 13 US cents, with 140,415 units changing hands. Sygnus Credit Investments ended at 8.9 US cents with 153 stock units crossing the exchange and Transjamaican Highway rose 0.03 of a cent to end at 2.04 US cents with traders dealing in 83,637 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.15 after an exchange of 34,498 stocks, JMMB Group 5.75% popped 11 cents to US$1.81 with investors swapping a mere 15 shares and Sygnus Credit Investments US8% remained at US$10.50 with an exchange of 184 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.