Trading climbs on JSE USD Market


Market activity expanded on the US Dollar Market of the Jamaica Stock Exchange on Wednesday, with the volume of stocks traded jumping 193 percent with a 173 percent increase in value compared with Tuesday. Seven securities were traded, down from nine on Tuesday, with the prices of one rising, four declining and two ending unchanged as the USD Equities Index rose.

The market closed with an exchange of 841,584 shares for US$51,462 after climbing from 287,015 stock units at US$18,834 on Tuesday.
Trading ended with an average of 120,226 shares at US$7,352, up from just 31,891 stock units at US$2,093 on Tuesday. Trading for the month to date averages 903,014 units at US$56,207 after sliding from 946,502 stock units at US$58,921 on the preceding day and an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index gained 9.23 points to conclude trading at 286.19. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.5. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for financial years ending around August 2027.
At the close of trading, AS Bryden lost 0.86 of a cent to end at 15.99 US cents with 4,992 units crossing the market, First Rock Real Estate USD share remained at 2 US cents with investors trading 75,000 stocks, Margaritaville slipped 0.19 of one cent to finish at 5.9 US cents after 1,077 shares crossed the market. Proven Investments fell 0.27 of a cent and ended at 5.63 US cents in switching ownership of 848 stock units, Quantas Advantage climbed 0.5 of one cent to close at 15.5 US cents with a transfer of 37 shares and Transjamaican Highway shed 0.04 of a cent to settle at 6.4 US cents with 759,598 units passing through the market.
In the preference segment, AS Bryden 6% ended at US$1 as investors exchanged 32 stocks.
Prices of securities trading are those of the last transaction.

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