Record high for JSE USD Market

Investors pushed the Jamaica Stock Exchange US dollar market to a record close on Wednesday, after 139 percent more stocks were exchanged with a 65 percent lower dollar value changed hands than on Tuesday, resulting in trading in seven securities, compared to five on Tuesday with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 268,496 shares for US$15,237 compared to 112,337 units at US$43,069 on Tuesday.
Trading averaged 38,357 units at US$2,177 compared with 22,467 shares at US$8,614 on Tuesday, with a month to date average of 26,421 shares at US$2,695 compared with 22,243 units at US$2,876 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index gained 5.70 points to end at a record high of 266.81.
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 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 skidded 0.3 of a cent and ended at 4.2 US cents with investors dealing in 2,000 units, Proven Investments remained at 14.5 US cents in switching ownership of 500 stocks, Sterling Investments fell 0.49 of one cent in closing at 1.5 US cents, with 3,522 shares crossing the market. Sygnus Credit Investments dipped 0.01 of a cent to close at 8.99 US cents after an exchange of 819 stock units and Transjamaican Highway popped 0.27 of a cent to end at 2.38 US cents and closed with 253,855 shares changing hands.
In the preference segment, JMMB Group US8.5% preference share increased by 0.1 of a cent in closing at US$1.15 with traders dealing in 7,600 stock units and JMMB Group 5.75% ended at US$1.90 after a transfer of 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.