Trading up on the JSE USD Market

The Jamaica Stock Exchange US dollar market ended on Friday with little movement in the market index even as the number of securities traded climbed to 13 from 11 on Thursday and ended with prices of four rising, two declining to leave seven unchanged and resulting in the volume of stocks changing hands rising 585 percent and valued 19 percent more than on Thursday.
At the close, the JSE US Denominated Equities Index slipped a mere 0.04 points to end at 233.81.
Overall, 278,776 shares were traded for US$11,314, up from 40,710 units at US$9,508 on Thursday.
Trading averaged 21,444 units at US$870, versus 3,701 shares at US$864 on Thursday, with month to date average of 34,801 shares at US$934 compared with 41,747 units at US$966 on the previous day. December ended with an average of 39,679 units for US$1,494.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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 ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.06 of a cent in closing at 7.76 US cents in trading 6,631 shares, MPC Caribbean Clean Energy ended at 65 US cents while exchanging 319 units, Productive Business Solutions shed 10.39 cents to end at US$1.70 237 stocks clearing the market with. Proven Investments climbed 0.79 of a cent to 19.3 US cents, with 894 stock units changing hands, Sterling Investments lost 0.02 of a cent in ending at 2.06 US cents after trading 9,700 units, Sygnus Real Estate Finance USD share rallied 1.48 cents to 12.48 US cents as investors exchanged 30 stock units and Transjamaican Highway remained at 0.97 of a US cent in switching ownership of 257,389 stocks.
In the preference segment, Productive Business 9.25% preference share ended at US$12 after trading 20 shares, Eppley 6% preference share remained at US$1.07 after exchanging three stocks. Equityline Mortgage Investment preference share remained at US$1.67 after a transfer of 2 units, JMMB Group 5.75% popped 1 cent to close at US$1.51 after 45 shares passed through the market, JMMB Group 5.75% series C share ended at US$2, with 3,500 stock units crossing the market and JMMB Group 6% ended at US$1.10 with six shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.