Trading on Monday, with the market rising more five percent, with 69 percent more shares changing hands than on Friday, on the US dollar market of the Jamaica Stock Exchange, resulting from slightly more stocks rising than falling.
Trading ended with eight securities changing hands, compared to three on Friday, with prices of three stocks rising, two declining and three remained unchanged.
The US Denominated Equities Index gained 9.20 points to end at 192.19. The PE Ratio, a measure that computes appropriate stock values, averages 11.9 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 49,101 shares traded for US$9,065 compared to 29,057 units at US$11,251 on Friday. Trading averaged 6,138 units at US$1,133, compared to 9,686 shares at US$3,750 on Friday and the month to date, averaging 10,922 shares at US$1,514 versus 13,865 units at US$1,749 on Friday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital had an exchange of 20,178 shares at 7 US cents, Margaritaville rose 0.25 of a cent to 9 US cents trading 3,075 units,
Proven Investments popped 0.22 of a cent to 23.7 US cents with a transfer of 541 stock units. Sterling Investments settled at 2 US cents with 9,962 stocks traded, Sygnus Credit Investments USD stock finished at 12.5 US cents with investors swapping 9,536 shares and Transjamaican Highway popped 0.12 of a cent to 0.93 US cents with 5 units crossing the exchange.
In the preference segment, Equityline Mortgage Investments shed 0.10 of a cent to end at US$1.999 with a transfer of 4 stock units and JMMB Group 6% lost 5 cents in closing at US$1 with 5,800 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.