October started on a positive note, with trading picking up sharply on Friday, over Thursday and most prices rising as the volume of shares changing hands surged 1,564 percent with the value jumping 2,501 percent over Thursday’s trades, on the Jamaica Stock Exchange US dollar market.
As was the case on Thursday, trading ended with seven securities changing hands, with prices of four rising, one declining and two ending unchanged.
The JSE US Denominated Equities Index popped 0.60 points to end at 196.20.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 919,720 shares traded for US$207,226, compared to 55,270 units at US$7,967 on Thursday. Trading averaged 131,389 units at US$29,604 versus 7,896 shares at US$1,138 on Thursday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and two ended with lower offers.
At the close, First Rock Capital remained at 7 US cents with an exchange of 11,968 shares, 
Margaritaville popped 0.6 of a cent to 11 US cents after trading 1,000 units, Proven Investments rose 0.7 of one cent to close at 24.7 US cents after trading 884,152 stocks. Sterling Investments remained at 2.09 US cents, 781 stock units crossing the exchange, Sygnus Credit Investments US$ share rose 0.01 of a cent to 13 US cents, 21,761 stocks changing hands and Transjamaican Highway rallied 0.01 of one cent to 0.97 US cents after trading 50 shares.
In the preference segment, JMMB Group 6% lost 2 cents to end at US$1.02 in switching ownership of 8 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
October off to bright start for JSE USD market
October 1, 2021 by
