Trading climbed on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, following a steep 182 percent jump in the volume of stocks traded, with a 166 percent increase in value compared to Monday. The market closed with an exchange of 11 securities, compared with nine on Monday, with prices of two rising, two declining and seven ending unchanged.
The market closed with an exchange of 1,110,051 shares for US$92,931 after surging from 393,635 stock units at US$34,946 on Monday.
Trading ended with an average of 100,914 shares at US$8,448, up from 43,737 stock units at US$3,883 on Monday. Trading month to date averages 137,881 units at US$11,281, after slipping from 140,915 stock units at US$11,513 on the previous day and compared with August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index rallied 3.26 points to conclude trading at 306.24. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.2. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, Productive Business Solutions ended at 85 US cents with 112 stock units passing through the market, Proven Investments rallied 0.01 of one cent to end at 5.99 US cents after investors exchanged 28,016 shares, Quantas Advantage slipped 1.45 cents and ended at 12.5 US cents with 1,800 shares changing hands. Sterling Investments remained at 2.28 US cents with a transfer of 2,590 units, Sygnus Credit Investments remained at 6.79 US cents in an exchange of 2,433 stocks, Sygnus Real Estate Finance USD share ended at 4.79 US cents with a mere one share crossing the market and Transjamaican Highway ended at 7 US cents with a transfer of 1,071,880 stock units.
In the preference segment, JMMB Group 7.5% remained at US$2 with investors swapping 88 units, JMMB Group US8.5% remained at US$1.23 in switching ownership of 2,000 stocks. Productive Business Solutions 9.25% fell 20 cents and ended at US$11.55 after trading of 670 units and Sygnus Credit Investments 8% ended at US 7 cents with 2,433 shares changing hands.
Prices of securities trading are those of the last transaction.
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