More declines for the JSE USD market

Trading pulled back with just five securities changing hands, compared to seven on Friday with one rising, three declining and one remaining unchanged at the close on Monday, ending with the market declining after trading 86 percent fewer shares than on Friday, on the Jamaica Stock Exchange US dollar market.  
The JSE USD Equity Index lost 1.98 points to end the day lower than the start of 2021 at 185.01 as all of the 2021 gains are wiped out. The PE Ratio, a measure that computes an appropriate value for a stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 417,802 shares traded for US$6,812 compared to 2,934,749 units at US$260,628 on Friday.
Trading averaged 83,560 units at US$1,362, compared to 419,250 shares at US$37,233 on Friday. Trading averages 110,215, units month to date at US$9,421 in contrast to 113,817 units at US$10,510 on Friday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital shed 0.89 of a cent to end at 8 US cents after exchanging 18 shares, Proven Investments lost 0.48 of a cent to end at 24 US cents, with 14,749 shares changing hands, Sterling Investments popped 0.43 of a cent to 2.3 US cents, with 35 stocks clearing the market. Sygnus Credit Investments ending at 14.45 US cents after trading 3,000 stock units and Transjamaican Highway lost 0.01 of a cent to close at 0.7 of a US cent, with 400,000 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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