Trading picked up on Thursday but the Jamaica Stock Exchange USD market slipped slightly, with a 31 percent rise in the number of shares changing hands compared to Wednesday after 24 percent more funds chased stocks and resulting in more stocks falling than rising.
Trading ended with five securities changing hands, compared to four on Wednesday with the price of one rising, three declining and one remaining unchanged.
The JSE USD Equity Index slipped 0.23 points to end at 189.61. The PE Ratio, a measure that computes an appropriate value of a stock, averaged 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 170,930 shares traded for US$18,367 compared to 130,618 units at US$14,817 on Wednesday.
Trading averaged 34,186 units at US$3,673, versus 32,655 shares at US$3,704 on Wednesday. Trading month to date averages 42,549 units at US$4,274 in contrast to 44,222 units at US$4,395. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital advanced 0.6 of a cent to 9 US cents, trading 146,096 shares, Margaritaville settled at 9.2 US cents with 1,200 stocks changing hands, Proven Investments dropped 0.4 of a cent to 24.1 US cents with a transfer of 4,120 units and Sygnus Credit Investments fell 0.52 of a cent to 13 US cents with 17,642 stock units crossing the exchange.
In the preference segment, JMMB Group 6% lost 6.95 cents to close at US$1.03 with 1,872 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.