Trading on Friday ended with the volume of shares changing hands dropping sharply by 91 percent after 92 percent less funds passing through the market than on Thursday at Jamaica Stock Exchange US dollar market closing, resulting in more stocks rising than falling.
Compared to seven on Thursday, just five securities traded, with three rising, one declining and one ending unchanged.
The JSE US Denominated Equities Index gained 0.61 points to end at 200.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 8,329 shares traded for US$1,447 versus 89,324 units at US$17,497 on Thursday. Trading averaged 1,666 units at US$289, compared to 12,761 shares at US$2,500 on Thursday and month to date averages 55,452 at US$6,197 versus 59,935 units at US$6,689 on Thursday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share rallied 0.98 of a cent in ending at 6.99 US cents with an exchange of 2,000 shares, MPC Caribbean Clean Energy remained at US$1.08 with three stocks changing hands, Proven Investments increased 1.28 cents to 23.91 US cents in switching ownership of 5,018 units. Sygnus Credit Investments USD share inched 0.38 of a cent higher to close at 12.5 US cents while exchanging 1,212 stock units and Transjamaican Highway lost 0.01 of a cent to end at 0.88 of a US cents after trading 96 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly rise on JSE USD market
November 12, 2021 by