Trading on Wednesday ended with trading of 90 percent fewer shares than on Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Six securities changed hands, compared to three on Tuesday, with prices of three rising, one declining and two remaining unchanged.
The JSE US Denominated Equities Index rallied 4.90 points to 184.74. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 11,190 shares traded for US$3,776 compared to 115,641 units at US$19,049 on Tuesday. Trading averaged 1,865 units at US$629 compared to 38,547 shares at US$6,350 on Tuesday, with a month to date average of 231,528 units at US$11,362 in contrast to 248,332 units at US$12,147 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one stock with a lower offer.
At the close, Proven Investments shed 0.1 of a cent to close at 23.89 US cents in trading 8,321 shares, Sygnus Credit Investments Ja$ share remained unchanged at 11.9 US cents, with just 2 units changing hands, Sygnus Credit Investments USD share advanced 0.98 of a cent to 13 US cents in trading at 600 stocks. Transjamaican Highway rallied 0.06 of a cent to 0.86 US cents in switching ownership of 1,358 stock units.
In the preference segment, JMMB Group 5.5% remained at US$2 after exchanging 800 stock units and JMMB Group 6% gained 5 cents in ending at US$1.08 and exchanging 109 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.