Trading surges on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded surging 10,826 percent with a 1,194 percent more value than on Monday, resulting in an exchange of nine securities, compared to eight on Monday with prices of three rising, three declining and three ending unchanged.
The market closed with an exchange of 6,189,214 shares for US$129,634 compared to 56,649 units at US$10,020 on Monday.
Trading averaged 687,690 shares at US$14,404 compared to 7,081 shares at US$1,253 on Monday, with a month to date average of 367,404 shares at US$8,215 compared with August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index dropped 2.49 points to cease trading at 228.28.
The PE Ratio, the commonly used measure to determine appropriate stock values, averages 7.8. 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 one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close of trading, Margaritaville remained at 8.4 US cents with traders dealing in 300 shares, MPC Caribbean Clean Energy shed 0.1 of a cent to 71 US cents after an exchange of 100 stocks, Proven Investments rose 0.3 of a cent to end at 10 US cents with a transfer of 37,500 shares. Sterling Investments rose 0.1 of one cent in closing at 1.5 US cents after 277 stock units passed through the exchange, Sygnus Credit Investments ended at 7 US cents with investors trading 20,000 shares and Transjamaican Highway edged 0.01 of one cent lower to finish at 2.01 US cents with an exchange of 6,129,667 units.
In the preference segment, JMMB Group 5.75% popped 15 cents to US$1.85, with 1,020 stocks crossing the market, Sygnus Credit Investments US 8% ended at US$10 with investors dealing in 151 stock units and Sygnus Credit Investments E8.5% slipped 20 cents in closing at US$10.10 after 199 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.