Volume surges pushing prices up

A big 442 percent surge in the volume of shares trading on Wednesday, pulled out 41 percent less funds than on Tuesday, as the close of the Jamaica Stock Exchange US dollar market ended with a pickup in the market index as six securities changed hands, up from four on Tuesday with four rising one declining and one ending unchanged.
The JSE US Denominated Equities Index rose 1.17 points to end at 205.04. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Overall, 1,538,362 shares traded, for US$28,126 compared to 283,917 units at US$47,378 on Tuesday.
Trading averaged 256,394 units at US$4,688, compared to 70,979 shares at US$11,844 on Tuesday and month to date averaging 71,459 shares at US$3,286 versus 40,636 units at US$3,052 on Tuesday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended with a loss of 0.03 of a cent at 6.89 US cents in switching ownership of 75 shares, Margaritaville advanced 2 cents to end at 11.5 US cents with 11,482 stocks crossing the exchange, Proven Investments climbed 0.01 cent of a cent in ending at 22.02 US cents 56,701 stock units changing hands. Sterling Investments popped 0.04 of a cent to 2.1 US cents with an exchange of 46,086 units and Transjamaican Highway rallied 0.03 of a cent to close at 0.9 US cents, with 1,423,718 stocks clearing the market.
In the preference segmentJMMB Group 6% remained at US$1.05 trading 300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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