Rising stocks edged out losers

At the close of trading on Tuesday, the volume of stocks exchanged rose 50 percent as the value fell 69 percent from Monday’s activity on the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
Compared to nine on Monday, ten securities were traded, with three rising, two declining and five ending unchanged. The JSE US Denominated Equities Index lost 1.12 points to end at 223.18.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 368,735 shares traded for US$16,968 versus 246,032 units at US$54,963 on Monday. Trading averaged 36,874 units at US$1,697, compared to 27,337 shares at US$6,107 on Monday, with month to date average of 45,504 shares at US$2,714 versus 46,342 units at US$2,813 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.9 US cents in an exchange of 21 shares, Margaritaville finished at 15 US cents trading 62 units, MPC Caribbean Clean Energy fell 6 cents to US$1.20 with 150 stock units clearing the market. Productive Business Solutions dropped 1 cent to US$1.17 with just one stock crossing the market, Proven Investments remained at 26.45 US cents after exchanging 12,853 stock units, Sterling Investments finished at 2 US cents, with 91,834 units changing hands. Sygnus Credit Investments USD share rose 0.34 of one cent to 12.99 US cents trading 61,361 stocks and Transjamaican Highway ended at 1.02 US cents with an exchange of 200,940 shares.
In the preference segmentEppley 6% preference share rallied 16.7 cents in closing at US$1.127, with 1,509 stock units crossing the exchange and JMMB Group 6% popped 7.77 cents after ending at US$1.0977 in switching ownership of 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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