Trading on Thursday ended with the volume of shares changing hands surging 284 percent more than on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in fewer stocks rising than falling.
Five securities traded, the same as Wednesday, with prices of one stock rising, three declining and one remaining unchanged.
The US Denominated Equities Index gained 1.52 points to end at 184.41. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 119,947 shares traded, for US$10,797 up from 31,247 units at US$686 on Wednesday. Trading averaged 23,989 units at US$2,159, up from 6,249 shares at US$137 on Wednesday, while the month to date averages 15,119 shares at US$1,148. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Margaritaville shed 0.25 of a cent to close at 8.75 US cents trading 1,366 shares, Proven Investments fell 0.02 of a cent to end at 23.48 US cents with an exchange of 7,715 stock units, Sygnus Credit Investments Ja$ share, climbed 2.39 cents to 14.59 US cents after an exchange of 7,772 stocks. Sygnus Credit Investments US$ share, declined 0.2 of a cent to 12.5 US cents after 59,094 units crossed the market and Transjamaican Highway remained at 0.81 US cents while exchanging 44,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE USD market
September 2, 2021 by
