Stocks inch higher on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market closed on Thursday with the market advancing after investors exchanged 150 percent more shares than on Wednesday, resulting in an even number of stocks rising and falling.
Trading ended with six securities changing hands, compared to five on Wednesday with the prices of one stock rising, one declining and four remaining unchanged.
The JSE USD Equity Index gained 0.24 points to end at 212.19 points. The average PE Ratio ended at 13.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 292,359 shares traded for US$25,831 compared to 116,945 units at US$19,257 on Wednesday.
Trading averaged 48,727 units at US$4,305, in contrast to 23,389 shares at US$3,851 on Wednesday. For the month to date, trading averaged 47,865 units at US$2,746 in contrast to 47,542 units at US$2,162 on Wednesday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and one with a lower offer.
At the close, First Rock Capital ended at 9 US cents with an exchange of 8,479 shares, Margaritaville settled at 9 US cents with 5,453 stocks changing hands, Proven Investments lost 0.15 of a cent to end at 26.8 US cents with 9,480 units traded. Sygnus Credit Investments gained 0.95 cents to close at 15.45 US cents with a transfer of 129,901 stock units and Transjamaican Highway remained at 0.94 of a US cent with 137,865 shares crossing the exchange.
In the preference segment, JMMB Group 6% held firm at US$1.10 with 1,181 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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