Slight gains for the US Market on Tuesday

Trading picked up moderately on Tuesday, with 15 percent more shares than on Monday, after 122 percent more funds chased stocks on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks advancing than falling.
Five securities traded on Tuesday, similar to Monday, with prices of three stocks rising, one declining and one remaining unchanged. The JSE USD Equity Index rose  0.76 points to close at 198.43.
The PE Ratio, a measure that determines an appropriate relative value of each stock, ended at 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading ended with 493,662 shares changing hands for US$19,410 up from 428,557 units at US$8,730 on Monday. The average trade ended with 98,732 shares at US$3,882, in contrast to 85,711 shares at US$1,746 on Monday. Trading month to date averages 102,200 units at US$4,873 in contrast to 102,489 units at US$4,956 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital gained 0.3 of a cent to finish at 9 US cents, trading 15,710 shares, Margaritaville rose 0.12 of a cent to 8.15 US cents with an exchange of 2,305 units, Proven Investments remained at 25.99 US cents with 36,850 stock units changing hands. Sterling Investments lost 0.04 of a cent to close at 2 US cents with 386,182 stock units changing hands and Transjamaican Highway added 0.02 of a cent to finish at 0.88 US cents with 52,615 shares crossing the exchange.

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

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