Proven Investments dominated trading in exchanging the largest block of shares, with just over one million units for 91 percent of the day’s volume, driving the volume traded to a 777 percent increase and the value jumping 942 percent over Wednesday’s level, at the close of the Jamaica Stock Exchange USD market on Thursday.
Similar to Wednesday, six securities traded, with the prices of one rising and five declining. The JSE USD Equity Index lost 1.86 points to end at 183.91. The PE Ratio, a measure that computes the appropriate value of stocks, averages 11.5 based on ICInsider.com’s earnings forecast for 2021-22.
Overall, 1,158,188 shares traded for US$253,151 compared to 132,046 units at US$23,136 on Wednesday. Trading averaged 193,031 units at US$42,192, compared to 22,008 shares at US$3,856 on Wednesday. Trading month to date averages 74,640 units at US$16,267 in contrast to 19,998 units at US$4,302 on Wednesday. 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 none ended with a lower offer.
At the close, First Rock Capital slipped 0.06 of a cent to 7.2 US cents in exchange of 4,024 shares, Proven Investments dropped 0.98 of a cent to 24 US cents with investors swapping ownership of the market topping 1,049,188 shares, Sterling Investments lost 0.08 of a cent to end at 2.07 US cents with 1,633 stock units passing through the market. Sygnus Credit Investments shed 1.3 cents to close at 14 US cents with 200 stocks changing hands, Sygnus Credit Investments fell 1 cent to 12 US cents with 3,143 units traded and Transjamaican Highway gained 0.02 of a cent to end at 0.80 US cents with 100,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.