Transjamaican Highway dominated the volume of stocks trading and accounted for 89 percent of the 224,378 shares trading on the US dollar market on Thursday, pushing the volume of shares exchanged by 1,907 percent higher than on Wednesday as the market closed with the index advancing despite declining securities dominating stocks traded.
Trading ended with eight securities changing hands, up from five on Wednesday with one rising, four declining and three closing unchanged.
The JSE US Denominated Equities Index rallied 1.20 points to 188.05.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 224,378 shares traded for a mere US$3,479, up from 11,180 units at US$1,080 on Wednesday. Trading averaged 28,047 units at US$435 compared to 2,236 shares at US$216 on Wednesday and the month to date averages 39,526 at US$4,830 versus 41,259 units at US$5,493 on Wednesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than its last selling price and two with lower offers.
At the close, First Rock Capital US share lost 0.07 of a cent to end at 6.93 US cents with 150 shares traded, Margaritaville settled at 9.5 US cents with six units changing hands,
Productive Business Solutions fell half of a cent to finish at 73.5 US cents with an exchange of 400 stock units. Proven Investments dropped 1.5 cents to close at 23.1 US cents with investors swapping 3,931 stocks, Sterling Investments remained at 2.09 US cents with 19,000 shares passing through the market, Sygnus Credit Investments USD share remained unchanged at 13.47 US cents, with 846 units traded and Transjamaican Highway declined by 0.07 of a cent to close at 0.83 US cents with 200,000 stock units crossing the exchange.
In the preference segment, JMMB Group 6% gained 2 cents to finish at US$1.04 with 45 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.