Rising stocks dominate JSE USD Market

The volume and value of stocks trading on the Jamaica Stock Exchange US dollar market dropped sharply on Wednesday, with the volume dropping 20 percent after 73 percent less funds passed through the market compared to Tuesday, resulting in eight securities changing hands, compared to six on Tuesday with prices of four rising, two declining and two ending unchanged.
Overall, 834,596 shares were traded for US$15,756 from 1,042,094 units at US$58,208 on Tuesday.
Trading averaged 104,325 units at US$1,969, versus 173,682 shares at US$9,701 on Tuesday, with the month to date average of 33,913 shares at US$3,363 against 30,414 units at US$3,432 on the previous day. October ended with an average of 40,972 shares for US$2,277.
The JSE US Denominated Equities Index gained 5.92 points to end at 228.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share lost 0.05 of a cent in closing at 7.94 US cents with investors transferring 263 shares, Margaritaville remained at 14 US cents in an exchange of just one stock unit, MPC Caribbean Clean Energy dropped 10 cents to close at 55 US cents after 731 units were traded. Proven Investments rallied 1.8 cents to 19.9 US cents after 24,457 stocks were traded, Sterling Investments gained 0.08 cents to end at 2.08 US cents in switching ownership of 5,000 stocks, Sygnus Real Estate Finance USD share rose 0.5 of a cent to 11 US cents with four shares crossing the exchange and Transjamaican Highway popped 0.08 of a cent in closing at 0.98 of one US cents with a transfer of 801,169 shares.
In the preference segment, JMMB Group 6% ended at US$1 while exchanging 2,971 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.