Stocks put in a spirited performance in trading on Friday, resulting in a sharp 1,617 percent spike in the number of shares changing hands with the value 1,317 percent greater than on Thursday after the transfer of 2,934,749 shares with a value of US$260,628, up from 170,930 units at US$18,367 on Thursday at the close of Jamaica Stock Exchange US dollar market.
Trading was dominated by Proven Investments and Transjamaican Highway, with more than one million shares each.
Trading averaged 419,250 units at US$37,233, compared to 34,186 shares at US$3,673 on Thursday. Month to date trades average 113,817 units at US$10,510 in contrast to 42,549 units at US$4,274 on Thursday. June ended with an average of 87,444 units for US$6,162.
Trading ended with seven securities changing hands, compared to five on Thursday with prices of three rising, three declining and one remaining unchanged.
The JSE USD Equity Index fell 2.62 points to end at 186.99. The PE Ratio, a measure that computes an appropriate value of a stock, averaged 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital dipped 0.11 of a cent to finish at 8.89 US cents with 1,860 shares passing through the market, Margaritaville remained at 9.2 US cents with an exchange of just one unit, Proven Investments gained 0.38 of a cent to end at 24.48 US cents with 1,010,948 stocks changing hands. Sterling Investments fell 0.03 of a cent to 1.87 US cents with 110,000 stock units traded, Sygnus Credit Investments rose 1.45 cents to 14.45 US cents with a transfer of 2,000 shares and Transjamaican Highway declined 0.11 of a cent to a 52 weeks’ low of 0.71 US cents with 1,809,928 units crossing the exchange.
In the preference segment, JMMB Group 6% rallied 6.95 cents to US$1.10 with 12 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.