Stocks mostly rose on the Jamaica Stock Exchange US dollar market on Tuesday, a day of no declines with the volume and the value of stocks traded rising over activity on Monday, resulting in trading in five securities, compared to four with prices of three rising, none declining and two ending unchanged.
Trading surged on Tuesday with 1,221,116 shares changing hands for US$112,024 compared with a mere 3,378 units at just US$273 on Monday.
Trading averaged 244,223 units at US$22,405 versus 845 shares at a mere US$68 on Monday, with a month to date average of 47,790 shares at US$3,480 compared with 38,346 units at US$2,570 on the previous day and May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index advanced 0.46 points to end at 219.12.
The PE Ratio, a measure used in computing appropriate stock values, averages eight. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their 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 three with lower offers.
At the close of trading, Proven Investments rallied 0.5 of a cent to 13 US cents with an exchange of 736,716 stock units, Sterling Investments added 0.12 of one cent to finish at 1.6 US cents, with 25 units crossing the market and Transjamaican Highway ended at 2 US cents with investors trading 479,116 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.27 in switching ownership of 5,246 stock units and Sygnus Credit Investments E8.5% popped 1 cent to close at US$10.06 after trading 13 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Most stocks rose on JSE USD market
June 25, 2024 by
