JSE USD Market bounces again


Trading climbed sharply for a second consecutive day on the Jamaica Stock Exchange US Dollar Market Index on Tuesday, with a 105 percent jump in the volume of stocks traded, with a 46 percent higher value than on Monday. The day closed with an exchange of 14 securities, up from 12 on Monday, with prices of four rising, four declining and six ending unchanged.

The day closed with an exchange of 1,105,110 shares for US$73,758 after moving up from 539,157 stock units at US$50,427 on Monday.
Trading ended with an average of 78,936 shares at US$5,268 compared to 44,930 shares at US$4,202 on Monday, compared with an average of 599,023 units for US$38,839 in October.
The US Denominated Equities Index gained 2.34 points to settle at 293.95. Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most commonly used measures to determine appropriate stock values, averages 18.7. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for financial years ending around August 2027.
At the close of trading, AS Bryden closed at 15.99 US cents in an exchange of 790 units, First Rock Real Estate USD share ended at 2 US cents with 410 stocks changing hands, Margaritaville dropped 0.05 of one cent to 8 US cents with a transfer of 2 shares. Productive Business Solutions stopped at 95 US cents with investors swapping 1 stock unit, Proven Investments shed 0.38 of a cent to close at 6.11 US cents with an exchange of 324,075 shares, Quantas Advantage rallied 0.13 of a cent to settle at 14.9 US cents with a transfer of 2,670 stocks. Sterling Investments remained at 2 US cents with an exchange of 5,738 shares, Sygnus Credit Investments gained 0.37 of a cent to finish at 6.87 US cents with 67,835 stocks clearing the market, Sygnus Real Estate Finance USD share remained at 5.15 US cents as investors exchanged 1,968 shares and Transjamaican Highway rose 0.21 of a cent in closing at 6.55 US cents with 701,043 units crossing the market.
In the preference share segment, JMMB Group 7.5% ended at US$2 in an exchange of 200 stocks, AS Bryden 6% remained at US$1 with investors trading 105 stock units. Productive Business Solutions 9.25% dipped by 85 cents and ended at US$11.25 after an exchange of 62 shares and Sygnus Credit Investments 8% fell 20 cents to finish at US$9.50 with 211 units passing through the market.
Prices of securities trading are those of the last transaction.

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