Index gains for JSE USD Market on Wednesday

Trading was a shadow of the previous day at the closed on Wednesday with just changing hands down from six on Tuesday and ended with one stock rising, two declining and one remaining unchanged resulted in an exchange of 80 percent fewer shares and 17 percent less value than on Tuesday, but the market index recovered some of the losses suffered on the previous trading day at the close of the Jamaica Stock Exchange USD market.
The JSE USD Equity Index gained 2.66 points to end at 189.84. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 130,618 shares traded for US$14,817, down from 654,515 units at US$17,881 on Tuesday. Trading averaged 32,655 units at US$3,704, in contrast to 109,086 shares at US$2,980 on Tuesday. Month to date trades averages 44,222 units at US$4,395 compared to 46,425 units at US$4,526 on the prior trading day. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows no stock ended with a higher bid than the last selling price, while one ended with a lower offer.
At the close, First Rock Capital slipped 0.1 of a cent to  8.4 US cents with an exchange of 606 shares, Margaritaville ended at 9.2 US cents with 5,040 stocks traded, Proven Investments fell half a cent to 24.5 US cents with 56,472 units changing hands and Transjamaican Highway rallied 0.12 of a cent to 0.82 US cents with 68,500 shares crossing the exchange.

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

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