The Jamaica Stock Exchange US dollar market closed on Tuesday, with a 476 percent increase in the volume of stocks traded, with a 30 percent rise in value compared to Monday, resulting in an exchange of eight securities, compared with eight on Monday, with prices of six rising, none declining and two ending unchanged.
The market closed with an exchange of 354,683 shares for US$28,017, rising from 61,580 stocks at US$21,533 on Monday.
Trading averaged 44,335 shares valued the at US$3,502, well above 7,698 stocks at US$2,692 on Monday, with a month to date average of 127,929 units at US$6,459 compared with 136,185 stocks at US$6,751 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index increased 2.61 points to close trading at 208.04. 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 regularly used measures to determine appropriate stock values, averages 10.3. 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 2026.
At the close of the trading, Margaritaville gained 0.1 of a cent to end at 8.1 US cents after closing with 355 shares being traded, MPC Caribbean Clean Energy popped 5.84 cents to 44.84 US cents with investors swapping a mere 6 units, Proven Investments remained at 10 US cents after traders exchanged 59,836 shares. Sygnus Credit Investments rose 0.6 of a cent to close at 7.8 US cents, with 840 stocks trading and Transjamaican Highway rose 0.12 of one cent to finish at 2.59 US cents after a transfer of 291,066 stock units.
In the preference segment, JMMB Group 7.5% ended at US$2.10 in trading 1,478 shares. Productive Business Solutions 9.25% rallied 80 cents to US$10.50 with 12 stock units crossing the market and Sygnus Credit Investments 8% increased 39.99 cents to finish at US$10.40, with trading of 1,090 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.