Trading ended on Monday with an exchange of 348 percent more shares than on Friday, with the volume changing hands remaining moderate as five securities traded, similar Friday’s market activity and ended with two stocks rising and three declining on the Jamaica Stock Exchange the USD market.
Trading ended with the JSE USD Equity Index slipping 3.28 points to end at 197.67. The PE Ratio, a measure that determines an appropriate relative value of stocks, averages 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 428,557 shares traded for US$8,730 compared to 95,711 units at US$37,218 on Friday.
Trading averaged 85,711 units at US$1,746, in contrast to 19,142 shares at US$7,444 on Friday. Month to date trades averages 102,489 units at US$4,956 down from 104,015 units at US$5,247 on Friday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Capital dipped 0.3 of a cent to finish at 8.7 US cents with 11,182 shares traded, Proven Investments rose 0.01 of a cent to close at 25.99 US cents with an exchange of 7,881 units, Sterling Investments fell 0.33 of a cent to 2.04 US cents with a transfer of 175,520 stock units and Transjamaican Highway lost 0.04 of a cent to end at 0.86 of a US cent with 233,904 stocks crossing the exchange.
In the preference segment, JMMB Group 6% gained 7 cents to close at US$1.10 with a mere 70 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.