JSE USD market inched higher

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged dropping 70 percent, with a 67 percent lower value than Monday, resulting in trading in seven securities, compared to eight on Monday with prices of two rising, one declining and four ending unchanged.
The market closed with an exchange of 44,268 shares for US$1,914 compared to 150,061 units at US$5,848 on Monday.
Trading averaged 6,324 stock units at US$273 versus 18,758 shares at US$731 on Monday, with a month to date average of 30,465 shares at US$2,174 compared with 31,910 units at US$2,288 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index advanced 0.93 points to settle at 225.05.
The PE Ratio, a most used measure for computing appropriate stock values, averages eight. The PE ratio is computed 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 two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AS Bryden remained at 22.49 US cents as investors exchanged 76 stocks, First Rock Real Estate USD share gained 0.5 of a cent and ended at 4.7 US cents after one share changed hands, Proven Investments ended at 11 US cents with investors trading 4,494 shares. Sygnus Credit Investments dipped 0.1 of a cent to end at 6.9 US cents, with 10,116 stock units crossing the market and Transjamaican Highway ended at 2 US cents after an exchange of 29,526 shares.
In the preference segment, JMMB Group US8.5% preference share rose 0.99 of one cent to US$1.06 with investors swapping 50 stocks and Sygnus Credit Investments E8.5% remained at US$10.40 after 5 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.