JSE USD index drops

Trading volume surged on the US dollar market of the Jamaica Stock Exchange on Monday, after more than 4 million shares of Transjamaican Highway crossed the market and leading to 598 percent more shares than on Friday.  
At the close of the market, trading ended with four securities changing hands compared to four on Friday and ended with the prices of one stock rising, three declining and none remaining unchanged.
The JSE USD Equities Index dipped 4.52 points to settle at 192.53, with the average PE Ratio ending at 12.5 based on the IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,211,063 shares for $42,648 compared to 602,952 units at US$128,445 on Friday.
The average trade for the day amounted to 1,052,766 units changing hands at  US$10,662, in contrast to an average of 150,738 shares at US$32,111 on Friday. Trading ended, with an average of 199,964 units for the month to date at US$12,677 in contrast to 78,135 units at US$12,965. By comparison,  September ended with an average of 84,017  units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Proven Investments lost 1.8 cents to end at 28 US cents with an exchange of29,580 stock units. Sygnus Credit Investments lost eight-tenths of a cent and closed the trading of 930 shares at 13.5 US cents and Transjamaican Highway shed 0.011 of a cent to close at 0.081 of a US cent with investors switching ownership of 4,180,389 units of the stock.
In the preference segment JMMB Group 6% traded 164 shares and gained 1 cent to close at US$1.18.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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