An unusually large block of 19.35 million First Rock Real Estate shares passed through the Jamaica Stock Exchange US dollar market on Thursday, at the same time 2.63 million shares trading in Proven Investments driving the volume of stocks changing hands in the market and value sharply higher than Wednesday following trading in five securities, compared to seven on Wednesday with three rising and two declining.
Overall, 21,983,490 shares were traded for US$1,624,041 up from 193,894 shares for US$13,133 on Wednesday.
Trading on Thursday ended with an average of 4,396,698 shares at US$324,808, up sharply from 32,316 shares at US$2,189 on Wednesday, with a month to date average of 191,682 shares at US$15,905 compared with 13,503 units at US$2,816 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index popped 1.22 points to end at 217.36.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share slipped 0.42 of a cent to end at 6.08 US cents in an exchange of 19,350,000 shares, Proven Investments rose 1 cent to 17.5 US cents, with 2,631,050 stocks clearing the market. Sterling Investments rose 0.022 cents to close at 2 cents after trading just 5 shares, Sygnus Credit Investments slipped 0.05 cents to 09.5 US cents after 250 units crossing the market and Transjamaican Highway popped 0.04 of a cent to close at 0.94 of one US cent with a transfer of 1,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
First Rock steals the show on the JSE USD market
March 23, 2023 by
