Trading climbs on JSE USD Market

The Jamaica Stock Exchange US dollar market closed Tuesday, with the volume of stocks traded jumping 277 percent with a 55 percent more value than on Monday, resulting in the exchange of nine securities, up from seven on Monday with prices of one rising, four declining and four ending unchanged.
The market closed with an exchange of 459,083 shares for US$13,033 up sharply from 121,661 units at US$8,414 on Monday.
Trading averaged 51,009 shares at US$1,448 up from 17,380 stocks at US$1,202 on Monday, with a month to date average of 59,981 units at US$3,158 in contrast with 61,305 shares at US$3,410 on the previous day and September that ended with an average of 161,382 stock units for US$5,462.
The US Denominated Equities Index slipped 0.04 points to 222.24, Investor’s Choice bid-offer indicator shows no ending with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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, First Rock Real Estate USD share popped 0.5 of a cent and ended at 3.8 US cents in trading 1,020 stock units, Margaritaville ended at 10 US cents after an exchange of 41 shares, Proven Investments remained at 10 US cents and closed after an exchange of 20,098 stocks. Sterling Investments lost 0.01 of one cent after closing at 1.49 US cents with traders dealing in 27,613 units, Sygnus Credit Investments declined 0.28 of a cent to end at 7 US cents in an exchange of 9,026 stocks and Transjamaican Highway ended at 2.05 US cents trading 399,754 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.09 after 1,404 shares passed through the market, JMMB Group 5.5% shed 0.01 of a cent in closing at US$2.0499 with investors swapping 5 stock units and JMMB Group 5.75% sank 29.7 cents and ended at US$1.683 after an exchange of 122 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.