Investors swapped 241 percent more shares on Thursday than on Wednesday, with 60 percent less funds passing through the exchange and resulted in falling stocks outnumbering rising ones at the close of the US dollar market of the Jamaica Stock Exchange.
Seven securities changed hands compared to four on Wednesday with prices of two rising, three declining and two ending firm.
The JSE US Denominated Equities Index slipped 0.91 points to close at 182.92.
The PE Ratio, a measure that computes appropriate stock values, averages 11.4 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 214,432 shares traded for US$4,159 compared to 62,909 units at US$10,457 on Wednesday.
Trading averaged 30,633 units at US$594 compared to 15,727 shares at US$2,614 on Wednesday and the month to date averages 63,177 at US$9,144 versus 73,532 units at US$11,865 on Wednesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital advanced 0.4 of a cent to 7 US cents after trading 8,500 shares, Margaritaville fell 1.42 cents to 9.51 US cents with an exchange of 354 stocks,
Proven Investments dropped 1.59 cents to 23.1 US cents with investors switching ownership of 2,674 units, Sterling Investments declined by 0.09 of a cent to close at 2 US cents with 72,601 stock units passing through the market, newly listed Sygnus Real Estate Finance USD gained 14 cents to settle at 14 US cents with 4 shares traded and Transjamaican Highway remained at 0.83 of a cent with 130,000 units changing hands.
In the preference segment, JMMB Group 6% settled at US$1.02 with 299 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in JSE USD market on Thursday
October 7, 2021 by
