Big gains for the JSE USD Market


Following the near 5 percent surge in the US Dollar Market on Monday trading ended on Tuesday with a 4 percent jump in market value following a mostly moderate trading session that resulted in the exchange of seven securities, falling from 12 on Monday, with prices of three rising, three declining and one ending unchanged.

The market ended with the volume of stocks traded declining by 6 percent, with a 14 percent lower value than on Monday, following an exchange of 289,631 shares for US$8,296, down from 309,324 stocks at US$9,698 on Monday.
Trading ended with an average of 41,376 shares at US$1,185, rising from 25,777 stocks at US$808 on Monday, with a month to date average of 38,408 units at US$1,550 compared with 37,667 stocks at US$1,641 on the previous day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index rose 8.88 points to settle at 238.75. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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.
At the close of the market, AS Bryden advanced 2.9 cents to close at a 52 weeks’ high of 26.9 US cents with a mere one share crossing the market, Productive Business Solutions popped 1.6 cents to US$1.24 with investors swapping 404 stocks, Proven Investments ended at 10.99 US cents in an exchange of 845 units. Sterling Investments sank 0.14 of one cent to end at 2 US cents with 2,095 shares passing through the market and Transjamaican Highway dipped 0.02 of a cent and ended at 2.4 US cents with a transfer of 286,212 stock units.

In the preference segment, Productive Business Solutions 9.25% preference share rallied 22 cents to finish at US$10.42 after an exchange of 54 shares and Sygnus Credit Investments US 8% fell US$1.057 and ended at US$8.703 after the trading of 20 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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