Winning JSE USD stocks beat losers 2 to 1


The US Dollar Market of the Jamaica Stock Exchange closed on Monday, the volume of stocks traded rose 17 percent with a 19 percent lower value than on Friday, following an exchange of 11 securities, down from 15 on Friday with prices of four rising, two declining and five ending unchanged.

The market closed with an exchange of 798,381 shares forUS$86,114 compared to 681,520 stock units at US$106,010on Friday.
Trading ended with an average of 72,580 shares at US$7,829 compared with 45,435 stock units at strong>US$7,067 on Friday. Trading for the month to date averages units at US$10,092 compared with 121,664 stock units at US$10,234 on the previous day and an average of 115,072 units for US$12,480 for August.
The US Denominated Equities Index slipped by 2.84 points to 294.52. The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.8. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close trading, Margaritaville popped 0.69 of a cent to close at 5 US cents, with investors trading 22 units, Productive Business Solutions remained at 85 US cents in switching ownership of 4 stocks, Proven Investments rose 0.44 of a cent to 6 US cents after a transfer of 35,272 shares. Quantas Advantage rose 2 cents to a record of high of 16 US cents  following trading in 82,301 stocks, Sterling Investments ended at 2.28 US cents, with 87 shares crossing the exchange, Sygnus Credit Investments rallied 0.06 of one cent to close at 6.79 US cents with investors trading 140,107 stocks and Transjamaican Highway dipped 0.2 of a cent to 6.4 US cents and closed with an exchange of 531,504 units.
In the preference segment, JMMB Group 7.5% fell 5 cents to close at US$2.05 with investors trading 2,000 stock units, JMMB Group US8.5% ended at US$1.23 after an exchange of 5,427 shares. AS Bryden 6% remained at US$1, with 2 units crossing the market and Sygnus Credit Investments 8% remained at US$10 after an exchange of 1,655 stocks.
Prices of securities trading are those for the last transaction.

About IC Insider.com