Trading gains for JSE USD Market

Trading climbed on the Jamaica Stock Exchange US dollar market on Wednesday, with a 35 percent rise in the volume of stocks exchanged after a 20 percent greater value than on Tuesday, resulting in an exchange of seven securities, compared to five on Tuesday with prices of one rising, four declining and two ending unchanged.
The market closed with an exchange of 448,485 shares for US$18,478 compared to 331,393 units at US$15,388 on Tuesday.
Trading averaged 64,069 stock units at US$2,640 versus 66,279 shares at US$3,078 on Tuesday, with a month to date average of 34,955 shares at US$1,922 compared with 26,802 units at US$1,721 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index sank 7.21 points to close at 231.42.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.9. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending around August 2025.
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 of the market, AS Bryden shed 2.8 cents to end at 22.49 US cents in switching ownership of 1,240 stock units, Proven Investments declined by 1 cent in closing at 12 US cents after a transfer of 32,159 shares, Sterling Investments remained at 1.49 US cents as investors exchanged 4,270 stocks. Sygnus Credit Investments rallied 0.75 of one cent to 7.5 US cents and closed after an exchange of 110,398 units and Transjamaican Highway fell 0.09 of a cent and ended at 2 US cents, with 300,345 shares changing hands.
In the preference segment, JMMB Group 5.75% slipped 7 cents to close at US$1.73 with traders dealing in 65 units and Sygnus Credit Investments E8.5% ended at US$10.40 in an exchange of 8 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.