Trading rose sharply on Thursday after an exchange of 423 percent more shares carrying value that was 870 percent greater than on Wednesday at the close of the US dollar market of the Jamaica Stock Exchange.
Trading ended with six securities changing hands, the same number as on Wednesday, with the prices of four stocks rising, none declining and two remaining unchanged.
The JSE USD Equity Index gained 2.49 points to settle at 211.61. The average PE Ratio ended at 13.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 594,805 shares traded for US$89,149 up from 113,748 units at US$9,188 on Wednesday.
Trading averaged 99,134 units at US$14,858, versus 18,958 shares at US$1,531 on Wednesday. The month to date trades, average 56,753 units at US$4,823 up from 50,974 units at US$3,455 on Wednesday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital inched 0.01 of a cent higher to 10 US cents with 63,039 shares traded, Margaritaville ended at 9 US cents with an exchange of 99,400 units, Proven Investments rose 0.39 of a cent to 25.4 US cents with an exchange of 263,547 stocks. Sterling Investments gained 0.1 of a cent to close at 2.4 US cents with 5,000 stock units changing hands, Sygnus Credit Investments advanced 0.4 of a cent to finish at 15 US cents with a transfer of 33,319 units and Transjamaican Highway ended at 0.94 US cents with 130,500 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
