Big jump in trading activity on JSE USD market

Trading jumped sharply on Wednesday, with the volume of shares changing hands rising 435 percent higher than on Tuesday and the value climbing 709 percent at the close of the Jamaica Stock Exchange US dollar market.
A total of six securities traded, compared to eight on Tuesday with one rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 1.19 points to end at 204.33.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio uses earnings forecasts by for each company with the financial year ending during the current year up to August 2022.
Overall, 4,522,403 shares traded, for US$973,267 compared to 846,041 units at US$120,319 on Tuesday.
Trading averaged 753,734 units at US$162,211, compared to 105,755 shares at US$15,040 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.59 of a cent to 6 US cents with 44,000 shares clearing the market, Margaritaville ended at 9 US cents in switching ownership of 84,334 stocks, Proven Investments fell 1 cent to 22 US cents after exchanging 4,372,821 units. Sygnus Real Estate Finance USD share traded 127 stock units unchanged at 14 US cents and Transjamaican Highway popped 0.03 of a cent to end at 0.89 US cents after exchanging 20,621 shares.
In the preference segmentJMMB Group 6% remained at US$1.15 after trading 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC