Stocks back above water

Trading ended with the market rising after trading 36 percent more shares with a value that was 1,820 percent higher on Tuesday, than on Monday, at the close of the US dollar market of the Jamaica Stock Exchange as the market closed back above the 2020 closing index.
Trading ended with six securities changing hands, compared to five on Monday with prices of one stock rising, one declining and four remaining unchanged.
The JSE USD Equity Index popped 4.34 points to end at 189.35. The PE Ratio, a measure that computes an appropriate value of a stock, averages 12.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 566,829 shares traded for US$130,805, up from 417,802 units at US$6,812 on Monday.
Trading averaged 94,472 units at US$21,801, compared to 83,560 shares at US$1,362 on Monday. Trading averaged 108,247 units, month to date at US$10,968 in contrast to 110,215 units at US$9,421 on Monday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital closed at 8 US cents while trading 925 shares, Margaritaville closed at 9.2 US cents after exchanging 30,890 units, Productive Business Solutions dipped 0.01 of a cent to end at 80 US cents in switching ownership of 54 stocks. Proven Investments remained at 24 US cents, with 530,672 units crossing the market and Transjamaican Highway gained 0.11 of a cent to end at 0.81 US cents with the swapping of 3,802 stock units.
In the preference segment, JMMB Group 6% settled at US$1.0995 in trading 486 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.