Trading closed with prices of four stocks rising, none declining and one ending unchanged on the Jamaica Stock Exchange US dollar market on Tuesday, after a 315 percent rise in the volume of stocks traded valued 14 percent less than on Monday and resulting in the exchange of five securities, similar to trading on Monday.
The market closed with an exchange of 358,439 shares for US$7,128 compared to 86,270 units at US$8,297 on Monday.
Trading averaged 71,688 stock units at US$1,426 compared with 17,254 shares at US$1,659 on Monday, with a month to date average of 302,274 shares at US$7,363 compared with 320,289 units at US$7,827 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index rose 4.11 points to end at 223.81.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At close of the market, Margaritaville advanced 0.19 of a cent to close at 8.09 US cents with investors trading 89 stock units, Proven Investments rose 0.54 of one cent to 10.64 US cents after 2,289 shares were traded, Sterling Investments rallied 0.04 of a cent to end at 1.55 US cents with 188,936 units crossing the market. Sygnus Credit Investments ended at 7 US cents as investors exchanged 6,000 stocks and Transjamaican Highway increased 0.07 of a cent to finish at 1.98 US cents after a transfer of 161,125 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains no losses for JSE USD Market
August 20, 2024 by
