Trading surged on the JSE USD Market

Trading well over the surge in trading on Monday on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks traded rising 354 percent with a 296 percent greater value than on Monday, resulting from an exchange of seven securities, compared to six on Monday and ended with prices of one rising, five declining and one ending unchanged.
The market closed with an exchange of 7,064,494 shares for US$139,578 up sharply from 1,556,001 units at US$35,270 on Monday.
Trading averaged 1,009,213 shares at US$19,940 compared to 259,334 shares at US$5,878 on Monday, with a month to date average of 225,290 shares at US$6,238 compared with 148,002 units at US$4,887 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index shed 4.61 points to wrap up trading at 226.60.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.6. 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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville skidded 1.5 cents and ended at 8.5 US cents after closing with an exchange of 49 stock units, Proven Investments sank 0.4 of a cent to 9.6 US cents in switching ownership of 2,425 shares, Sterling Investments shed 0.01 of one cent to end at 1.54 US cents with 750 stocks crossing the market. Sygnus Credit Investments advanced 0.27 of a cent in closing at 7.27 US cents in an exchange of 13,550 units, Sygnus Real Estate Finance USD share lost 3 cents to close at a 52 weeks’ low of 6 US cents with investors trading 1,212 stocks and Transjamaican Highway declined 0.04 of a cent to finish at 1.97 US cents after a transfer of 7,046,483 shares.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10 after trading of 25 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.