A sharp bounce on Thursday saw the Jamaica Stock Exchange US dollar market recordings a sizable rise in the market index as more stocks rose than fell after trading resulted in 79 percent lower value and volume, respectively, than on Wednesday.
Trading ended with five securities changing hands, the same as on Wednesday, with the prices of three rising, one declining and one ending unchanged.
The JSE US Denominated Equities Index jumped 8.41 points to 197.99 and lifted the market from a rise of 1.8 percent for the year to Wednesday to 6.3 percent on Thursday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1.
The PE ratio is based on earnings forecasted by ICInsider.com for each company, with the financial year ending this year and July 2022.
Overall, 38,735 shares traded for US$7,119 compared to 181,322 units at US$34,276 on Wednesday. Trading averaged 7,747 units at US$1,424 versus 36,264 shares at US$6,855 on Wednesday and the month to date averages 61,168 at US$5,273 versus 64,425 units at US$5,508 on Wednesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows no stock closing with a bid higher than the last selling price and two with lower offers.
In trading, First Rock Capital US rose 0.35 of a cent to 7 US cents with 715 shares changing hands, Productive Business Solutions rallied 18.5 cents to end at 92 US cents with a transfer of six units, Proven Investments declined by 0.1 of a cent to settle at 23 US cents with 27,377 stock units changing hands. Sterling Investments remained at 2.09 US cents with 7,688 stocks passing through the market and Sygnus Credit Investments USD climbed1.65 cents to 12.65 US cents with 2,949 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
