Trading gains for JSE USD market


The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded rising 290 percent with a 36 percent greater value than on Monday, resulting in exchange of eight securities, compared with 10 on Monday with prices of one rising, four declining and three ending unchanged.

The market closed with an exchange of 93,280 shares for US$4,522 up sharply from 23,932 stocks at US$3,328 on Monday. Trading averaged 11,660 shares at US$565 in contrast with 2,393 stocks at US$333 on Monday, with a month to date average of 13,202 units at US$1,345 compared with 13,427 stock units at US$1,458 on the previous day and October that ended with an average of 426,617 units for US$11,189.

The US Denominated Equities Index gained 4.44 points to end the day at 243.34. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two 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, First Rock Real Estate USD share lost 0.43 of one cent and ended at 3.07 US cents in an exchange of 20,000 stocks, Margaritaville sank 0.98 of a cent to 8.01 US cents with investors trading 8 units, MPC Caribbean Clean Energy gained 6.1 cents to close at 67.07 US cents after an exchange of 736 shares. Proven Investments declined 0.06 of one cent to finish at 13.89 US cents with 400 units traded, Sygnus Credit Investments sank 0.49 of one cent to end at 6.51 US cents after a transfer of 27,698 shares, Sygnus Real Estate Finance USD share ended at 5 US cents after 16,750 stock units crossed the exchange with the price trading at a 52 weeks’ intraday low of 0.45 cents and Transjamaican Highway ended at 2.35 US cents with investors swapping 27,677 units. 

In the preference segment, Sygnus Credit Investments E8.5% remained at US$10 after an exchange of 11 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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