Trading climbs on the JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded jumping 670 percent with 238 percent greater value than on Tuesday, resulting in the exchange of five securities, compared to six on Tuesday with prices of one rising, one declining and three ending unchanged.
The market closed with an exchange of 348,410 shares for US$8,206 compared with 45,233 stock units at US$2,425 on Tuesday.
Trading averaged 69,682 shares at US$1,641 compared to 7,539 shares at US$404 on Tuesday, with a month to date average of 68,630 shares at US$3,856 compared with 68,498 units at US$4,133 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index lost 2.63 points to finish at 221.86.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Proven Investments ended with an exchange of 1,050 stock units at 10 US cents, Sterling Investments gained 0.04 of a cent to close at 1.63 US cents after 375 shares were traded, Sygnus Credit Investments ended at 7.3 US cents with 5,561 stock units passing through the market and Transjamaican Highway declined 0.04 of a cent in closing at 2.01 US cents after a transfer of 341,345 units.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10.30 as investors exchanged 79 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.