Trading on the USD market closed on Thursday, with the volume of shares changing hands declining as investors exchanged 71 percent fewer shares at 39 percent lower value than on Wednesday and ending with the majority of shares remaining unchanged.
Trading ended with six securities changing hands, compared to eight on Wednesday with no stocks rising, one declining and five ending unchanged. The US Denominated Equities Index fell 0.55 points to end at 184.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 11.5 on Thursday based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 262,786 shares traded for US$46,386, down from 901,226 units at US$72,066 on Wednesday.
Trading averaged 43,798 units for US$7,731 compared to 112,653 shares at US$9,008 on Wednesday and the month to date an average of 91,744 at US$10,023 versus 95,210 units at US$10,189 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than its last selling price and one with a lower offer.
At the close, First Rock Capital ended at 7.01 US cents with 50,000 shares traded, Margaritaville settled at 9 US cents with 94,850 units changing hands, Proven Investments dropped 0.8 of a cent to end at 23 US cents with a transfer of 87,008 stock units and Sygnus Credit Investments USD share closed at 12.9 US cents with 21,849 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% settled at US$2.02 with 2,225 stock units traded and JMMB Group 6% closed at US$1.01 with 6,854 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Overall, 901,226 shares changed hands for US$72,066 up from 110,662 units at US$11,208 on Tuesday.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling prices and one with a lower offer.
Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended with four stocks declining and one remaining unchanged. The JSE US Denominated Equities Index slipped 0.91 points to end at 184.82.
At the close, Margaritaville shed 0.25 of a cent to 8.75 US cents with an exchange of 61,940 shares, Proven Investments fell 0.2 of a cent to 22.8 US cents with 9,402 stocks traded, Sterling Investments declined 0.24 of a cent to 1.9 US cents with a transfer of 30,205 units and Sygnus Credit Investments USD share dipped 0.6 of a cent to 12.3 US cents with 7,130 stock units crossing the exchange.
Trading ended with four securities changing hands, compared to five on Friday, with prices of three rising and one remaining unchanged.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and one closed with a lower offer.
Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
First Rock Capital traded over 4.7 million stock units on the JSE USD market on Thursday, driving the volume of shares changing hands up by 6,728 percent, while the value surging 2925 percent above Wednesday’s levels and had a hand in rising stocks just outnumbering falling ones. 
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
The volume of shares trading on Tuesday dropped trading 41 percent at 33 percent less value than on Monday, as the US dollar market of the Jamaica Stock Exchange closed, resulting in no stocks rising for the day.
Trading averaged 65,198 units at US$7,405, versus 65,877 shares at US$6,595 on Monday, while month to date averages 32,941 at US$7,111 versus t30,966 units at US$7,093 on Monday. August ended with an average of 210,413 units for US$12,959.
Trading ended with five securities changing hands, compared to seven on Friday with prices of two stocks rising, two declining and one remaining unchanged.
At the close, First Rock Capital rallied 0.2 of a cent to 7 US cents after trading 566 shares, Proven Investments lost 1.86 cents to end at 22.14 US cents, with 113,357 stocks clearing the market, Sygnus Credit Investments US$ share remained at 12.5 US cents after 20,804 units crossed the market and Transjamaican Highway declined 0.07 of a cent to 0.81 US cents with the swapping of 190,966 stock units.