Stocks mostly rose at the close of trading on Thursday, with the market inching higher after trading 47 percent shares than on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising.
Trading ended with five securities changing hands for a second consecutive day, ending with three rising, two declining and none ended unchanged.
JSE USD Equity Index slipped 0.25 points to end at 199.14. The average PE Ratio ends at 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 268,082 shares amounting to US$45,538, down from 507,955 units at US$159,801 on Wednesday.
Trading averaged 53,616 units at US$9,108, in contrast to 101,591 shares at US$31,960 on Wednesday. Trading averaged 58,519 units for the month to date at US$12,218 in contrast to 60,051 units at US$13,190 on Wednesday. By comparison, February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital declined 0.4 cents to 8.5 US cents in exchanging 80,552 shares, Proven Investments rose 3 cents to 27 US cents after 158,458 stocks cleared the market. Sterling Investments advanced 0.27 of a cent to 2.38 US cents after 26,312 units crossed the exchange and Sygnus Credit Investments gained 0.28 of a cent to close at 14.2 US cents trading 2,705 stock units.
In the preference segment, JMMB Group 6% dropped 8 US cents to end at US$1.02, with switching ownership of 55 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks inched higher on JSE USD market
March 4, 2021 by
