Rising stocks push JSE USD Market higher


Rising stocks bettered those declining on the Jamaica Stock Exchange US dollar market on Tuesday, resulting from an exchange of eight securities on both Monday and Tuesday, with prices of five rising, two declining and one ending unchanged with the volume of stocks traded declining 78 percent with a 16 percent greater value than on Monday.

The market closed with an exchange of 49,694 shares for US$9,736 compared to 225,466 stocks at US$8,422 on Monday.
Trading averaged 6,212 shares at US$1,217 compared to 28,183 stocks at US$1,053 on Monday, with a month to date average of 13,878 units at US$885 compared with 17,966 stocks at US$708 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 2.57 points to 237.15. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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.
At the close of trading, Margaritaville popped 0.01 of a cent in closing at 9 US cents with a transfer of 4,099 stocks, Proven Investments advanced 0.29 of one cent to 13 US cents with 10,515 units changing hands, Sterling Investments rose 0.12 of a cent and ended at 1.7 US cents after 5,000 shares passed through the market. Sygnus Credit Investments remained at 7 US cents in an exchange of 6,210 stock units, Sygnus Real Estate Finance USD share gained 0.19 of one cent to end at 5.09 US cents with 401 shares clearing the market and Transjamaican Highway rallied 0.12 of one cent to finish at 2.2 US cents with traders dealing in 19,216 units.

In the preference segment, JMMB Group US8.5% preference share slipped 1 cent to US$1.19 after an exchange of 4,003 stocks and Sygnus Credit Investments US 8% sank US$1.07 to end at US$9.23 with investors trading 250 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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