Trading on the Jamaica Stock Exchange USD market closed on Wednesday with a modest rise in the market index after investors traded 16 percent more shares with 536 percent greater value than on Tuesday, with more stocks falling than rising at the close.
Similar to Tuesday with six securities changed hands on Wednesday, with two stocks rising and four declining.
The JSE USD Equity Index added 0.12 points to end at 199.37. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 560,213 shares traded for US$42,922 up from 484,422 units at US$6,746 on Tuesday.
Trading averaged 93,369 units at US$7,154, versus 80,737 shares at US$1,124 on Tuesday. Month to date trading averages 117,480 units at US$4,975 versus 121,287 units at US$4,631 on Tuesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
At the close of the market, First Rock Capital rose 0.05 of a cent to close at 8.7 US cents with 2,875 shares changing hands,
Margaritaville shed 1 cent to finish at 9 US cents with an exchange of 190,152 stock units, Proven Investments slipped 0.09 of a cent to end at 26 US cents with 6,662 stocks traded. Sygnus Credit Investments increased 0.29 of a cent to 15.3 US cents with a transfer of 643 shares and Transjamaican Highway lost 0.01 of a cent to 0.85 US cents with 349,856 units crossing the exchange.
In the preference segment, JMMB Group 5.75% dipped 3 cents to close at US$2.02 with 10,025 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.