Trading ended on Friday, with the volume of shares changing hands surging 3,669 percent over Thursday’s level at the close of the US dollar market of the Jamaica Stock Exchange, with declining stocks edging out rising ones.
Five securities traded, compared to seven on Thursday, with the price of one stock rising, two declining and two ending unchanged.
The JSE US Denominated Equities Index lost 1.59 points to end at 183.76. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 334,068 shares traded for US$70,546 up from 8,864 units at US$1,755 on Thursday. Trading averaged 66,814 units at US$14,109, compared to 1,266 shares at US$251 on Thursday, and month to date averages 207,174 shares at US$10,721 in contrast to 214,561 units at US$10,543 on Thursday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Productive Business Solutions remained at 77 US cents with an exchange of 414 shares, Proven Investments fell 0.05 of a cent to 23 US cents with 298,906 units changing hands, Sterling Investments rose 0.38 of a cent to 2.12 US cents trading 12,094 stocks. Sygnus Credit Investments USD share settled at 13 US cents, with a transfer of 150 units and Transjamaican Highway lost 0.03 of a cent to close at 0.85 US cents, with 22,504 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More trading and losses for JSE USD market
August 27, 2021 by