Trading on the Jamaica Stock Exchange US dollar-denominated market increased after the long weekend break for the Easter holidays as market activity resulted in seven securities changing hands.
The market closed with three stocks rising, the price of one declining and three stocks closing unchanged. The market ended with 285,192 units valued at US$123,486 changing hands, in contrast to 147,823 units for US$12,944 on Thursday from just three stocks. At the close, the market index gained 0.62 points to end at 202.99 and the PE ratio ended at an average of 13.6 times 2020 earnings.
In the ordinary shares segment of the market, Margaritaville traded 490 units at 20.1 US cents, Proven Investments closed at 26 US cents, with 47,555 shares changing hands, Sterling Investments lost 0.3of a cent to end at 2 US cents, after exchanging 17,457 units. Sygnus Credit Investments closed at 14 US cents trading 46,705 shares and Trans Jamaican Highway finished at 1.03 US cents, with gains of 0.03 of a cent after 123,915 shares changed hands. In the preference segment, JMMB Group 5.75% FR preference share gained 1 cent after transferring 47,570 stock units and closed at US$2.13 and JMMB Group 6% preference share rose 8 cents to US$1.10 exchanging 1,500 units.
7 US$ stocks trade
April 14, 2020 by