Big gain for JSEUSD Market

Stocks mostly rose in trading on the Jamaica Stock Exchange US dollar market on Tuesday and resulting in trading in eight securities, compared to 10 on Monday with four rising, two declining and two ending unchanged, following a 96 percent increase in the volume of stocks changing hands but with an 86 percent lower value than on Monday.
Overall, 1,121,685 shares were traded for US$37,070 compared with 571,649 units at US$267,767 on Monday.
Trading averaged 140,211 units at US$4,634 versus 57,165 shares at US$26,777 on Monday, with month to date average of 48,604 shares at US$4,865 compared with 44,293 units at US$4,876 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE USD Equities Index gained 6.36 points to end at 225.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share declined 0.69 of a cent in closing at 7 US cents with a transfer of 21,828 shares, Productive Business Solutions increased 5 cents to US$1.70 after an exchange of 12,460 stock units, Proven Investments popped 0.01 of a cent to 20 US cents with the swapping of 8,932 stocks. Sterling Investments lost 0.07 of a cent to end at 1.8 US cents with an exchange of 36,993 units, Sygnus Credit Investments USD share rallied 0.01 of a cent to end at 9.51 US cents with an exchange of 20,712 stocks and Transjamaican Highway rose 0.02 of a cent to close at 0.99 of one US cent and closed with an exchange of 1,020,720 shares.
In the preference segment, Productive Business 9.25% preference share remained at US$11.11 in trading 27 stock units and JMMB Group 6% ended at US$1, with 13 units changing hands.