Trading ended on Tuesday with the volume of stocks changing hands rising 435 percent and valued 126 percent more than on Monday on the Jamaica Stock Exchange US dollar market, resulting from five securities trading, down from 11 on Monday with three rising, one declining and one ending unchanged.
Overall, 132,047 shares were traded for US$5,794 compared with 24,669 units at US$2,560 on Monday.
Trading averaged 26,409 units at US$1,159, up from 2,243 shares at US$233 on Monday, with month to date average of 24,042 shares at US$1,225 versus 23,862 units at US$1,230 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index slipped 0.06 points to end at 226.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At close, MPC Caribbean Clean Energy popped 0.01 of a cent in closing at 64 US cents, with four shares crossing the market, Proven Investments lost 0.48 of one cent after ending at 18.52 US cents, with 24,565 stock units changing hands, Sterling Investments rallied 0.01 of a cent to end at 2.08 US cents with investors transferring 11,000 stocks and Transjamaican Highway popped 0.06 of a cent to 0.95 of one US cent, with 96,450 units crossing the market.
In the preference segment, Eppley 6% preference share remained at 97.75 US cents after an exchange of 28 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated6.42
Trading rises on the JSE USD market
8 junior bids more than last sale
Activity on the Junior Market closed with 7 securities traded, ending with 123,044 units changing hands valued at a mere $321,011. The JSE Junior Market Index gained 2 points to close at 707.57, with the price of 2 stocks advancing and 2 declining.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower, a strong indicator of rising prices ahead. The junior market ended with 6 securities closing with no bids to buy and 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial finishing trading with 10,310 units as the price gained 29 cents to $10, Lasco Financial with 49,804 shares changing hands, 2 cents higher to $1.07, Consolidated Bakeries concluding trading with 2,000 shares changing hands at 82 cents, Eppley 9.5% preference shares trading 11,694 units at $6. General Accident finishing trading with 22,470 shares at $1.67, AMG Packaging closing with 12,260 units trading lower by 24 cents at $2.25, and Honey Bun dealing in 14,506 units with a loss of 4 cents to $1.91.
Derrimon Trading 11.75% preference share, was listed on Friday but there were no trades, nor interest to buy or sell during the day.