New record high for the JSE USD Market.
Investors pumped 46 percent more funds into the US dollar market of the Jamaica Stock Exchange and drove the market to a new record high on Thursday, with the market ending with the volume of stocks exchanged declining by 72 percent compared to trading Wednesday and leading to trading in four securities, compared to seven on Wednesday with prices of two rising, one declining and one holding firm.
The market closed with an exchange of 74,096 shares for US$22,194 compared to 268,496 units at US$15,237 on Wednesday.
Trading averaged 18,524 units at US$5,548 versus 38,357 shares at US$2,177 on Wednesday, with a month to date average of 25,402 shares at US$3,063 compared with 26,421 units at US$2,695 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index popped 2.33 points to a record high of 269.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Real Estate USD share popped 0.2 of a cent to close at 4.4 US cents with investors dealing in 5,000 units, Sygnus Credit Investments ended at 8.99 US cents with an exchange of 1,001 stocks and Transjamaican Highway dipped 0.13 of a cent and ended at 2.25 US cents with investors trading 50,128 shares.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent to end at US$1.16, with 17,967 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
