Stocks rose modestly on the USD Market on Thursday, after seven securities traded on Thursday compared to five on Wednesday, with the prices of four rising and three declining at the close of the US dollar market of the Jamaica Stock Exchange and ended, with JSE USD Equities Index popping 0.27 points to end at 197.32.
The PE Ratio, a measure that determines an appropriate value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, the volume of stocks traded rose moderately on Thursday, with 149,296 shares changing hands for US$18,104, up from 129,505 units at US$12,398 on Wednesday.
Trading averaged 21,328 units at US$2,586, in contrast to 25,901 shares at US$2,480 on Wednesday. Month-to-date trading averages 139,376 units at US$2,930 in contrast to 202,941 units at US$3,115 on Tuesday. May averaged 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital rose 0.01 of a cent to 9 US cents after trading 13,500 shares, Margaritaville advanced 0.9 of a cent to 9.9 US cents with 3,984 stock units traded, MPC Caribbean Clean Energy slipped 2 cents to 93 US cents trading 500 units. Proven Investments declined 0.9 of a cent to end at 25 US cents with 50,282 shares changing hands, Sterling Investments rose 0.05 of a cent to 2.05 US cents with 24,297 stocks traded, Sygnus Credit Investments declined by 0.29 of a cent to 15.2 US cents with a transfer of 16,733 units and Transjamaican Highway rallied 0.06 of a cent to land at 0.91 US cents with 40,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.