More stocks declined on Monday in the US dollar market of the Jamaica Stock Exchange than traded on Friday and leading the market index to decline after trading nearly nine times the number of shares traded on Friday.
Five securities changed hands on Monday compared to two on Friday and closed with the prices of one stock rising, three falling and one remained unchanged.
The JSE USD Equities Index dropped 9.86 points to 182.84. The average PE Ratio ended at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors tradeded 390,138 shares for US$11,832 compared to 43,973 units at US$9,230 on Friday.
The average trade ended at 78,028 units for US$2,366, versus 21,987 shares at US$4,615 on Friday. An average of 50,782 units at US$5,218 traded for the month to date compared to 48,653 units at US$5,441 to Friday. October trading averaged 697,808 units at US$17,320.
The Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment remained at 8.6 US cents after exchanging 1,743 shares, Productive Business Solutions lost 9 US cents to close at 66 US cents, with 609 stock units trading, Proven Investments rose 2.76 US cents to 25.98 US cents after the trading of 31,318 units. Sygnus Credit Investments lost 1.83 US cents to settle at 14.16 US cents while exchanging 6,472 shares and Transjamaican Highway lost 0.04 of a cent and settled at 0.85 of a US cent after exchanging 349,996 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
