Gains for JSE USD Market

The Jamaica Stock Exchange US dollar market climbed higher on Tuesday, with the US Denominated Equities Index advancing 3.87 points to 259.55, following a 46 percent decline in the volume of stocks exchanged with a 40 percent drop in the number of dollars changing hands compared with Monday, resulting in trading in four securities, compared to nine on Monday with prices of one rising, no declining and three ending unchanged.
The market closed with an exchange of 328,443 shares for US$47,111 compared to 610,533 units at US$78,231 on Monday.
Trading averaged 82,111 units at US$11,778 versus 67,837 shares at US$8,692 on Monday, with a month to date average of 55,047 shares at US$7,223 compared with 53,788 units at US$7,011 on the previous day and January that ended with an average of 42,169 units for US$5,037.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. 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 two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Margaritaville remained at 11 US cents with investors swapping 88 units, Proven Investments gained 0.29 of a cent to close at 14.79 US cents in an exchange of 324,164 stocks, Sygnus Credit Investments ended at 8.8 US cents after one share crossed the market and Transjamaican Highway remained at 2.05 US cents in switching ownership of 4,190 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.