JSE USD Market closes higher on Tuesday

Trading dipped on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks changing hands declining 80 percent valued 90 percent less than on Monday, and resulting in the trading of six securities, up from three on Monday with four rising, no declining and two ending unchanged.
Overall, 69,500 shares were traded for US$4,092 compared with 353,880 units at US$40,414 on Monday.
Trading averaged 11,583 units at US$682, down from 117,960 shares at US$13,471 on Monday, with a month to date average of 275,148 shares at US$6,866 compared to 303,387 units at US$7,528 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index increased by 6.12 points to close at 240.64.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. 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 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 6 US cents after an exchange of 48,393 shares, Proven Investments gained 1.86 cents to close trading at 17.94 US cents with an exchange of 832 units, Sterling Investments ended at 2 US cents after 11,912 stocks crossed the exchange, Sygnus Credit Investments popped 0.3 of a cent after ending at 9.3 US cents and trading 7,667 stock units and Sygnus Real Estate Finance USD share increased 2.02 cents in closing at 9.2 US cents in trading 672 stocks.
In the preference segment, JMMB Group 6% climbed 2 cents to end at US$1.10 and closed with 24 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.