Trading volume fell while the market index rose at the close of market activity on the US dollar market of the Jamaica Stock Exchange on Monday after 90 percent fewer shares changed hands than Friday.
Trading ended with four securities changing hands, compared to five on Friday resulting in the prices of two stocks rising, none declining and two remaining unchanged.
The JSE USD Equities Index gained 3.36 points to settle at 192.11. The average PE Ratio ended at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 23,463 shares changing hands at US$11,820 compared to 229,703 units at US$40,318 on Friday. The average trade amounts to 5,866 units changing hands at US$2,955, versus an average of 45,941 shares at US$8,064 on Friday. Trading averaged 40,956 units for the month to date at US$7,019 in contrast to 47,974 units at US$7,832. November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading shows one stock ending with the bid higher than the last selling price and two with lower offers.
At the close of the market, Proven Investments gained 1.87 cents to land at 25.87 US cents, in clearing the market with 2,311 shares, Sygnus Credit Investments gained 0.01 US cent to settle at 17 US cents in trading 12,002 stock units and Transjamaican Highway closed at 0.90 of a US cent, with an exchange of 150 units.
In the preference segment, Eppley 5% preference share closed at US$1.02, with 9,000 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
