The US dollar market of the Jamaica Stock Exchange closed on Monday with a moderate decline following a surge of 128 percent more shares trading with values climbing 297 percent than on Friday, resulting in more stocks rising than falling.
At the close of the market, eight securities changed hands compared to two on Friday and closed with prices of five stocks rising, one declining and two remaining unchanged. The JSE USD Equities Index shed 0.34 points to settle at 197.08. The PE Ratio of the market averaged 13.9 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 100,698 shares, accounting for US$18,386 compared to 44,099 units at US$4,635 on Friday. The average trade for the day amounts to 12,587 units changing hands at US$2,298, in contrast to an average of 22,050 shares at US$2,318 on Friday. October ended with an average of 697,808 units for US$17,320.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows no stock ending with bids higher than the last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment increased 1.13 US cents to close at 8.55 US cents, with investors switching ownership of 11,500 shares,
MPC Caribbean Clean Energy gained 15 US cents trading 100 units ended at US$1.15. Proven Investments gained nine-tenths of a cent to close at 27.9 US cents, in crossing the market with 1,781 units. Sterling Investments gained one-tenth of a cent to close at 2.9 US cents trading 761 units, Sygnus Credit Investments rose 0.49 of a cent to 13.49 US cents while trading 3,281 units and Transjamaican Highway slipped from 0.94 US cents to close at 0.88 US cents, with a transfer of 75,550 shares.
In the preference segment of the market, JMMB Group 5.75% settled at US$2.05, in exchanging 7,562 stock units and JMMB Group 6% remained at US$1.05
trading 163 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
