JSE USD market bucks negative trend by others

The volume of shares trading on Thursday dropped 92 percent, with the value falling 96 percent lower than on Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling and the market bucking the trend of declines by the Main and Junior Markets.
Trading ended with five securities changing hands, compared to six on Wednesday, with three rising and two declining.
The JSE US Denominated Equities Index rose 1.30 points to end at 205.64. The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 350,075 shares traded for US$36,943, down from 4,522,403 units at US$973,267 on Wednesday.
Trading averaged 70,015 units at US$7,389, compared to 753,734 shares at US$162,211 on Wednesday and month to date, averages 442,953 shares at US$91,837November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Capital USD share popped 0.6 of a cent to 6.6 US cents, with an exchange of 2,813 shares, Proven Investments increased 1 cent to 23 US cents after exchanging 12,576 stock units, Sterling Investments rose 0.08 of a cent in ending at 2.09 US cents after trading 2,000 stocks. Sygnus Credit Investments USD share lost 2.85 cents in closing at 10 US cents with 298,035 shares changing hands and Transjamaican Highway fell 0.02 of a cent to 0.87 US cents with 34,651 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com