Trading down on US$ market

Trading on the Jamaica Stock Exchange US dollar market, dived sharply on Monday, resulting in an exchange of 95,388 shares at US$11,741   compared to 1,394,242 shares for US$56,795 on Friday. 
Market activities ended, with four securities changing hands, with the prices of one stock rising and three declining. The market index gained 1.28 points to 189.12 at the close and the average PE ratio of the market ended the day at 15.1 based on IC’s 2020-21 earnings forecast.
The average trade of the day was 23,847 units at $US$2,935, in contrast to an average of 464,747 units at $US$18,932 on Friday. The average volume and value for the month to date amounts to 236,368 units valued at US$46,984 in contrast, 243,336 units valued at US$50,949 on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital saw shareholders trading 77,530 shares with the price falling four-tenths of a cent to close at 10 US cents, Margaritaville lost one-tenth of a cent, to close at 17.9 US cents after 6,000 stock units were exchanged by investors. Proven Investments dropped 1.51 cents to end at 23.99 US cents after 9,958 stock units traded and Sygnus Credit Investments rose one and a half cents in trading 1,900 shares to end at 15 US cents.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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