While the number of companies participating in trading activity but the volume of stocks passing through the market fell 85 percent from Thursday’s heightened level after 96 percent, fewer dollars followed the stocks by the close of the Jamaica Stock Exchange USD market on Monday after the market was closed on Friday for the Independence Holiday.
Seven securities traded, up from six on Thursday, with the prices of four rising and two declining and ending with one remaining unchanged. The JSE USD Equity Index rose 3.55 points to end at 187.46. The PE Ratio, a tool used to computes the appropriate value of stocks, averages 11.8 based on earnings forecast for 2021-22.
Overall, 173,289 shares traded for US$10,732 compared to 1,158,188 units at US$253,151 on Thursday. Trading averaged 24,756 units at US$1,533, versus 193,031 shares at US$42,192 on Thursday. Trading month to date averages 61,210 units at US$12,300 down from 74,640 units at US$16,267 on Thursday. July ended with an average of 178,54 units for US$18,099.
Investor’s Choice bid-offer indicator shows that one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close,
First Rock Capital popped 0.079 of a cent to 7.99 US cents in exchanging 1,532 shares, Margaritaville slipped 0.10 of a cent to 8.90 US cents after trading 11,423 shares, MPC Caribbean rose 15 cents to US$1.20 in trading 180 stock units, Proven Investments rose one cent to close at 25 US cents, after an exchange of 31,712 units, Sygnus Credit Investments closed at 12 US cents with 37 stocks changing hands and Transjamaican Highway shed 0.02 of a cent to end at 0.78 US cents with 128,205 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% C share traded 200 units with a rise of 5 cents to close at US$2.10.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.