Stocks mostly rose on the Jamaica Stock Exchange US dollar market on Wednesday, after a 43 percent decline in the volume of stocks exchanged with a 35 percent lower value than on Tuesday, resulting in trading in four securities, compared to eight on Tuesday with prices of three rising, none declining and one ending unchanged.
The market closed with an exchange of 105,065 shares for US$5,087 compared to 184,675 units at US$7,820 on Tuesday.
Trading averaged 26,266 units at US$1,272 versus 23,084 shares at US$978 on Tuesday, with a month to date average of 43,481 shares at US$2,407 compared with 44,320 units at US$2,462 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index gained 0.88 points to culminate at 219.86.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. 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 one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, MPC Caribbean Clean Energy rallied 3 cents to end at 64 US cents with an exchange of 10 units, Proven Investments remained at 13 US cents with 27,774 stocks crossing the market, Sterling Investments rose 0.13 of a cent to finish at 1.59 US cents as investors exchanged 999 shares and Transjamaican Highway popped 0.05 of a cent and ended at 2 US cents with a transfer of 76,282 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominant on JSE USD Market
June 19, 2024 by
