Rising stocks on top in JSE USD trading

Rising stocks edged out those declining at the close of trading on the Jamaica Stock Exchange US dollar market on Tuesday, following a 54 percent rise in the volume of stocks that changed hands after 11 percent fewer funds were swapped than on Monday and resulting in trading in 10 securities, up from five on Monday with prices of three rising, two declining and five ending unchanged.
The market closed with an exchange of 151,001 shares for US$8,136 compared to 98,295 units at US$9,105 on Monday.
Trading averaged 15,100 units at US$814 compared with 19,659 shares at US$1,821 on Monday, with a month to date average of 32,471 shares at US$2,771 compared with 34,445 units at US$2,994 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index dropped 2.51 points to 236.00.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. 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 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share fell 0.58 of one cent to end at 4.11 US cents, with 6,116 shares crossing the market, MPC Caribbean Clean Energy ended at 61 US cents with a transfer of 7 stock units, Proven Investments remained at 13.08 US cents, with 2,369 stocks crossing the exchange. Sterling Investments rose 0.07 of a cent to close at 1.6 US cents with traders dealing in 30 units, Sygnus Credit Investments declined 1 cent to finish at 9 US cents, with 38,346 stocks changing hands, Sygnus Real Estate Finance USD share remained at 8.8 US cents in trading 2,665 units and Transjamaican Highway ended at 2.1 US cents after an exchange of 101,316 shares.
In the preference segment, Productive Business Solutions 9.25% preference share advanced 44 cents in closing at US$11.49 with investors transferring 101 stock units, Sygnus Credit Investments US 8% popped 40 cents to end at US$11 in an exchange of a mere one share and Sygnus Credit Investments E8.5% ended at US$10.40 with investors swapping 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.