Proven Investments price drops 23%

Proven Investments took charge of the JSE US market on Wednesday in trading just over half of the total volume passing through the market, but the stock lost 23 percent of the price in doing so.
Market activity resulted in six securities changing hands, with one stock rising, two declining and three left unchanged. The volume of shares traded was 1,959,096 units with a value of US$382,572, in contrast to 3,324,487 units for US$323,180 on Tuesday.
At the close, the market fell 14.37 points to close at 190.16. The PE ratio of the market closed with an average of 12.4 times 2020 earnings.
In market activity, First Rock Capital rose 0.08 of a cent to 10 cents, in trading 1,000 units, Productive Business Solution exchanged 500 units at 77 US cents. Proven Investments shed 6.2 cents and closed at 21.01 US cents after trading 1,700,000 shares up from 1.1 million units passing through the market on Tuesday. Sygnus Credit Investments transferred 96,602 shares at 12 US cents, after losing 2 cents and Trans Jamaican Highway closed at 1 US cent, with 159,394 shares changing hands.
In the preference segment, JMMB Group 6% preference share traded 1,600 units at US$1.11.

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

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