Investors traded 266 percent more shares with a huge 3,671 percent surge in value on Wednesday than they did on Tuesday, resulting in the majority of stocks rising at the close of trading on the Jamaica Stock exchange USD market to close out the first half of the year with a slight bounce of 4.5 percent.
Trading ended with five securities changing hands, the same as on Tuesday, with the prices of four stocks rising and one remaining unchanged.
The JSE USD Equity Index rose 0.94 points to end at 194.72. The PE Ratio, a measure used to compute an appropriate relative value for stocks, averaged 12.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading jumped sharply with 1,883,005 shares traded, for US$310,293, up from 514,569 units at US$8,228 on Tuesday.
Trading averaged 376,601 units at US$62,059, versus 102,914 shares at US$1,646 on Tuesday. Trading month to date averages 87,443 shares at US$6,162 compared to 75,689 units at US$3,890 on Tuesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Capital advanced 0.03 of a cents to 7.39 US cents with 30,000 shares changing hands, Proven Investments rallied 0.25 of a cent to 26 US cents with 1,167,108 units traded before the investment banking company posted strong 2021 full year results of 1.8 US cents per share and a PE ratio of 14.4, Sterling Investments popped 0.31 US of a cent to 2.3 US cents, with a transfer of 151 stocks. Sygnus Credit Investments settled at 14.7 US cents with 946 stock units passing through the market and Transjamaican Highway rose 0.01 of a cent to 0.83 US cents with 684,800 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
