Trading drops as 3 USD stocks trade

The volume of stocks trading dropped 67 percent on Thursday from that on Wednesday leading the US dollar market of the Jamaica Stock Exchange to rise after Sygnus Credit Investments price rose.
Trading continued to be affected by the Proven Investments public share issue and ended with just three securities changing hands at the close, from six on Wednesday and ended with the prices of one rising and two declining.
JSE USD Equity Index gained 5.58 points to close at 196.87 and the average PE Ratio ends at 13.3 based on’s forecast of 2020-21 earnings.
The market closed with an exchange of 339,063 shares, for US$53,047 compared to 202,621 units at US$62,211 on Wednesday.
Trading averaged 113,021 units changing hands at US$17,682, in contrast to 33,770 shares at US$10,369 on Wednesday. For the month to date trading averaged 133,005 units at US$20,203 in contrast to 133,942 units at US$20,321 on Wednesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with bids or offers higher or lower than their last selling prices.
At the close of the market, First Rock Capital Investments lost 0.86 of a cent to close at 8 US cents, after trading 2,634 shares, Proven Investments lost 0.01 of a cent to end at 26.98 US cents after exchanging 720 units and Sygnus Credit Investments rose half a cent, to 15.05 US cents, with 335,709 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC