The Jamaica Stock Exchange US dollar market advanced by 4.44 points to close at 201.77 and ended March with a loss of 12 percent in the month and 10.8 percent for the year to date.
Market activity resulted in six securities changing hands, accounting for 7,448,842 units having a value of US$122,863, in contrast to 3,646,138 units for US$59,981 on Monday. The PE ratio of the market close with an average of12 times 2020 earnings.
The market had one new listing during the month with Trans Jamaican Highway started trading on March 24, following a successful IPO and it has dominated the daily traded volume ever since. Trans Jamaican stock led trading on the JSE US dollar market, accounting for 97.4 percent of the day’s volume.
At the close of trading, Infrequent trader, Equityline Mortgage Investments fell 2 cents to finish at 52 weeks’ low of US$1.99, with an exchange of 197 units. First Rock Capital rose 1 cent and closed at 8 US cents, in transferring 4,045 units, JMMB Group 5.75% preference share gained 1 cent trading 275 units to end at US$2.13. Proven Investments ended at 27 US cents, with a gain of 1 cent in swapping 186,681 shares, Sygnus Credit Investments closed at 12 US cents, with 2,467 units changing hands and Trans Jamaican Highway shed 0.3 of a cent to end at 1.02 US cents, with 7,255,177 shares crossing the exchange.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
