The Jamaica Stock Exchange, US dollar market, enjoyed a bounce in the number of securities trading on Monday, but the volume of stocks changing hands fell from Friday’s numbers.
Market activity ended in seven securities changing hands, with two advancing while five remained unchanged. Investors exchanged 355,751 units at US$22,821, in contrast to 1,343277 units for US$36,373 on Friday.
At the close, the market index gained 1.07 points to 188.04 and the PE ratio of the market closed with an average of 13 times 2020 earnings.
At the end of trading, First Rock Capital exchanged 316 units at 9 US cents, Margaritaville closed at 18 US cents after transferring 100 units, Proven Investments gained of 0.3 of a cent while trading 76,843 shares to end at 22.8 US cents. Sterling Investments swapped 222,314 shares at 2 US cents, Sygnus Credit Investments ended at 13 US cents after exchanging 2,000 units and Trans Jamaican Highway held firm at 1 US cent in transferring 54,158 shares.
In the preference segment, JMMB Group 5.75% preference share gained 15 cents trading 20 units to finish at US$2.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Friday’s decline brings the year to date loss to 17.4 percent as a number of the stocks pulled back from the highs they were trading at earlier in the year. At the close of trading, the PE ratio of the market ended with an average of 13.0 times 2020 earnings.
Investors exchanged 1,253,326 shares valued at US$240,737, in contrast to 1,171,339 units for US$270,439 on Wednesday.
Market activity resulted in four securities changing hands, with two stocks rising, with none declining and two left unchanged. Investors exchanged 1,628,728 units valued at $25,369, in contrast to just 990,048 units valued at $72,533 on Wednesday.