Rising stocks outpaced decliners by big margin

Stocks jumped on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in an exchange of seven securities, compared to six on Monday with prices of five rising and two declining, with the volume of stocks traded declining 53 percent with a 75 percent lower value than on Monday.
The market closed with an exchange of 131,371 shares for US$17,455 compared to 281,668  stock units at US$68,578 on Monday.
Trading averaged 18,767 stock units at US$2,494 versus 46,945 shares at US$11,430 on Monday, with a month to date average of 214,954 shares at US$7,032 compared with 229,721 stock units at US$7,373 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index increased 11.10 points to end at 230.63.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.8. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
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 of trading, AS Bryden gained 2.94 cents to end at 25.43 US cents with a transfer of just one stock unit, First Rock Real Estate USD share popped 0.25 of one cent to 4.25 US cents after 4,702 stocks passed through the market, MPC Caribbean Clean Energy dipped 2.75 cents and ended at 72 US cents after a transfer of 40 shares. Proven Investments sank 0.2 of a cent in closing at 9.6 US cents with traders dealing in 15,549 stock units, Sygnus Credit Investments rallied 0.1 of one cent to finish at 7.1 US cents, with 1,332 shares passing through the market and Transjamaican Highway increased 0.01 of a cent to close at 1.91 US cents in trading 102,006 units.
In the preference segment, JMMB Group 5.75% climbed 12.75 cents to US$1.70 and closed after an exchange of 7,741 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.