Winners no losers on the JSE USD Market

Trading dropped on the Jamaica Stock Exchange US dollar market ended on Thursday, from Wednesday’s levels with the volume of stocks exchanged declining 40 percent after 64 percent fewer US dollars changed hands, resulting in trading in seven securities, compared to eight on Wednesday with prices of four rising, none declining and three ending unchanged.
The market closed trading of 157,614 shares for US$22,646 compared with 263,941 stock units at US$62,436 on Wednesday.
Trading averaged 22,516 shares for US$3,235 compared with 32,993 units for US$7,804 on Wednesday, with a month to date average of 62,268 shares at US$6,993 compared with 71,544 units at US$7,869 on the previous day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index rallied 5.04 points to settle at 257.02. for a year to date gain of 11.2 percent
The PE Ratio, a measure used in computing appropriate stock values, averages 10.8. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Productive Business Solutions increased 6 cents and ended at US$1.85 with an exchange of 5 stock units, Proven Investments popped 0.49 of a cent to 13.49 US cents and closed with an exchange of 430 shares, Sterling Investments rallied 0.5 of one cent to close at 2 US cents while exchanging 750 units. Sygnus Credit Investments remained at 8.9 US cents with a transfer of 5,129 stocks and Transjamaican Highway rose 0.01 of a cent in closing at 2.05 US cents, with 133,129 shares crossing the exchange.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.15 after a transfer of 17,700 stock units and JMMB Group 5.75% ended at US$1.81 in trading 471 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.