JSE USD market chalks up gains

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 84 percent, with a 73 percent greater value than on Monday, resulting in the trading of five securities, down from seven on Monday with two rising, two declining and one ending unchanged.
A total of 117,602 shares were exchanged for US$19,660 versus 721,255 units at US$11,383 on Monday.
Trading averaged 23,520 shares at US$3,932 versus 103,036 shares at US$1,626 on Monday, with a month to date average of 43,929 shares at US$1,529 compared with 46,055 units at US$1,279 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index gained 1.10 points to close at 233.29.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville dipped 1 cent and ended at 10 US cents with shareholders swapping 2,000 shares, Proven Investments rallied 0.6 of a cent in closing at 17.6 US cents as 103,859 stock units passed through the market and Sygnus Credit Investments advanced 0.04 of a cent to end at 9.44 US cents and closed with 11,499 stocks being traded.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.64 with investors transferring one unit and JMMB Group 6% dipped 2 cents to close at US$1.21, with 243 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.