Surge in trading & market index

Trading volume of shares surged 409 percent valued 1.099 percent more than trading activity on Thursday, leading the market index to jump on Friday as market activity closed out the week on the Jamaica Stock Exchange US dollar market.  
Trading ended with seven securities changing hands, compared to eight on Thursday, with three rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index climbed 7.43 points to 195.48. Overall, 1,143,039 shares traded for US$41,711 compared to 224,378 units at US$3,479 on Thursday.
The PE Ratio, a measure that computes appropriate stock values, averages 11.8. The PE ratio of each stock is based on forecasted earnings for each company by, with the financial year end, up to July 2022.
Trading averaged 163,291 units at US$5,959, compared to 28,047 shares at US$435 on Thursday and month to date averages 52,267 at US$4,946 versus 39,526 units at US$4,830 on Thursday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital US share dropped 0.28 of a cent in closing at 6.65 US cents after exchanging 23,089 shares, Proven Investments popped 1.61 cents to end at 24.71 US cents after trading at 39,822 stocks, Sterling Investments remained at 2.09 US cents while exchanging 22 units. Sygnus Credit Investments US share lost 0.012 of a cent to close at 13.45 US cents with 100 stock units changing hands and Transjamaican Highway rallied 0.14 of a cent to 0.97 of a US cent with 1,069,998 stocks crossing the exchange.
In the preference segmentEquityline Mortgage Investment preference share rose 9.9 cents to close at US$1.999 in trading 47 units and JMMB Group 5.75% fell 30.3 cents to US$2.02 trading 9,961 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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