Volume trading dropped on the Jamaica Stock Exchange US dollar market on Wednesday, with less than half of Tuesday’s levels as the number of active companies increased by one, leading to a moderate rise in the market index.
Market activity ended with just five securities changing hands after three stocks rose, one declined and one remained unchanged. Investors exchanged 272,913 units valued at US$53,621, in contrast to 720,104 units at $113,792 from the trading of seven securities on Tuesday.
At the close, the market index gained 3.01 points to 190.58 and the PE ratio of the market closed with an average of 12.9 times 2020 earnings.
At the end of trading, First Rock Capital fell 0.1 of a cent in exchanging 22,118 units at 8.5 US cents, Proven Investments traded 4,172 shares to end at 22.8 US cents. Sygnus Credit Investments ended at 12.9 US cents after exchanging 523 units, with a rise of 0.1 of a cent and Trans Jamaican Highway put on 0.1 of a cent to end at 0.99 of a US cent in transferring 200,100 shares. Trading in the preference segment ended with JMMB Group 6% preference shares exchanging 46,000 units after rising 7 cents to close at US$1.06.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
