Trading surges for JSE USD market

Market activity surged on Wednesday, ended with 530 percent more shares carrying a value that is 177 percent greater than for trading on Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Trading ended with seven securities changing hands, compared to five on Tuesday, with prices of three rising, two declining and two remaining unchanged.
The US Denominated Equities Index gained 3.72 points to end at 191.87. The PE Ratio, a measure that computes appropriate stock values, averages 12 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 2,077,432 shares traded for US$41,002, up from 329,686 units at US$14,796 on Tuesday. Trading averaged 296,776 units at US$5,857, versus 65,937 shares at US$2,959 on Tuesday. Trading averages 105,225 units month to date at US$9,884 against 61,972 units at US$10,794 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two stocks with lower offers.
At the close, First Rock Capital dropped 0.49 of a cent in closing at 7.5 US cents after exchanging 5,784 shares, Margaritaville remained at 8.9 US cents with 10,619 stock units clearing the market, Proven Investments rallied 0.01 of a cent to close at 24.01 US cents while trading 77,911 stocks. Sygnus Credit Investments J$ based ordinary stock shed 2.94 cents ending at a 52 weeks’ low of 11.89 US cents, with 1,510 units crossing the exchange, Sygnus Credit Investments USD based stocks, popped 0.8 of a cent to end at 12.8 US cents in an exchange of 608 shares, Transjamaican Highway climbed 0.17 of a cent in ending at 1 US cent after finishing trading 1,980,000 stock unit and In the preference segment JMMB Group 6% remained at US$1.03 after trading 1,000 unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.