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.
Five securities changed hands comedown from nine on Tuesday with prices of two stocks rising and three declining.
First Rock Capital USD fell 0.35 of a cent to end at 6.65 US cents with 8,230 shares passing through the market, Proven Investments lost 0.01 of a cent to settle at 23.1 US cents with 81,610 units traded, Sygnus Credit Investments USD share dipped 2 cents to 11 US cents with a transfer of 85,021 stock units and Transjamaican Highway rose 0.14 of a cent to finish at 0.95 US cents with 944 stocks crossing the exchange.
Nine securities traded, compared to seven on Friday, with prices of three rising, four declining and two ending unchanged.
MPC Caribbean Clean Energy ended at US$1 with 38 stocks changing hands. Proven Investments dropped 1.6 cents to end at 23.11 US cents with 67,914 stock units passing through the market, Sygnus Credit Investments USD share shed 0.45 of a cent to settle at 13.45 US cents with a transfer of 25,100 shares, Sygnus Real Estate Finance USD share advanced 0.5 of a cent to 14.5 US cents with 1 unit traded and Transjamaican Highway declined by 0.16 of a cent to close at 0.81 of a US cent, with 852,781 stock unit crossing the exchange.
Trading ended with seven securities changing hands, compared to eight on Thursday, with three rising, three declining and one ending unchanged.
First Rock Capital US share dropped 0.28 of a cent in closing at 6.65 US cents after exchanging 23,089 shares, Proven Investments popped 1.61 cents to end at 24.71 US cents after trading at 39,822 stocks, Sterling Investments remained at 2.09 US cents while exchanging 22 units. Sygnus Credit Investments US share lost 0.012 of a cent to close at 13.45 US cents with 100 stock units changing hands and Transjamaican Highway rallied 0.14 of a cent to 0.97 of a US cent with 1,069,998 stocks crossing the exchange.
Productive Business Solutions fell half of a cent to finish at 73.5 US cents with an exchange of 400 stock units. Proven Investments dropped 1.5 cents to close at 23.1 US cents with investors swapping 3,931 stocks, Sterling Investments remained at 2.09 US cents with 19,000 shares passing through the market, Sygnus Credit Investments USD share remained unchanged at 13.47 US cents, with 846 units traded and Transjamaican Highway declined by 0.07 of a cent to close at 0.83 US cents with 200,000 stock units crossing the exchange.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than the last selling prices and one with a bid lower offer.
Trading ended with six securities changing hands, up from five on Monday with an equal split of two between rising stocks and those declining and closing unchanged.
Proven Investments rose 1.6 cents to 24.6 US cents with a transfer of 2,455 units. Sterling Investments gained 0.09 of a cent to close at 2.09 US cents with 17,131 stock units passing through the market, Sygnus Credit Investments USD share declined by 2 cents to settle at 11 US cents with 142,800 stocks changing hands and Sygnus Real Estate Finance USD share finished unchanged at 14 US cents with 556 shares crossing the exchange.
Five securities traded compared to eight on Friday, with prices of one rising, three falling and one ending unchanged. The US Denominated Equities Index dropped 2.55 points to end at 183.81.
At the close, First Rock Capital settled at 7 US cents with 415 shares changing hands, Margaritaville declined 0.01 of a cent to end at 9.99 US cents with 1,037 stocks traded, Proven Investments fell 1 cent to 23 US cents with a transfer of 1,496 stock units. Sygnus Credit Investments USD share dipped half a cent to 13 US cents with investors swapping 8,540 units and Transjamaican Highway gained 0.06 of a cent to close at 0.9 US cents with 1,500 stock units crossing the exchange.
At the close, First Rock Capital remained at 7 US cents with investors switching ownership of 9,570 shares, Margaritaville rose 0.49 of a cent to 10 US cents with 987 stocks changing hands, Productive Business Solutions settled at 74 US cents in exchanging 265 stock units. Proven Investments advanced 0.9 of a cent to 24 US cents with 2,955 units traded, Sygnus Credit Investments USD share rallied 1.5 cents to close at 13.5 US cents with 14,437 shares passing through the market, Sygnus Real Estate Finance USD share finished at 14 US cents with investors swapping three stocks and Transjamaican Highway inched 0.01 of a cent higher to close at 0.84 US cents with 124,963 stock units crossing the exchange.
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.
