Trading activity increased on Thursday and ended with the Jamaica Stock Exchange US dollar market, seeing an increased volume of shares passing through the market increasing 234 percent above Wednesday level as the value of funds passing through the market rose 425 percent higher as well and closed with an even number of stocks rising and falling.
A total of seven securities traded, the same as Wednesday with two rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.34 points to end at 205.47. The PE Ratio, a measure used in computing appropriate stock values, averages 14. The PE ratio for the JSE USD stocks is based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 530,161 shares traded, for US$65,425 up from 158,816 units at US$12,458 on Wednesday.
Trading averaged 75,737 units at US$9,346, compared to 22,688 shares at US$1,780 on Wednesday and the month to date an average of 67,545 shares at US$5,645 versus 66,271 units at US$5,070 on Wednesday. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.28 of a cent to 7.95 US cents, with 156,069 shares changing hands, Margaritaville fell 0.1 of a cent to 15.9 US cents with 3,171 stock units clearing the market, Proven Investments inched 0.01 of a cent higher to close at 24 US cents after trading 143,283 units Sterling Investments finished at 2 US cents after exchanging 8,893 stocks, Sygnus Credit Investments USD share ended at 12.99 US cents in an exchange of 12,827 stocks, Sygnus Real Estate Finance USD share rallied 0.11 of a cent to end at 16 US cents after 103,497 units crossed the market and Transjamaican Highway remained at 0.88 US cents after 102,421 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sideway movement for JSE USD market
March 10, 2022 by