Volume picked up sharply in trading on the Jamaica Stock exchange US dollar market on Wednesday well up on the paltry levels on the previous two days when less than 30,000 shares changed hands.
Market activity resulted in seven securities changing hands, with one stock rising, four declining and two left unchanged. Investors exchanged 990,048 units valued at $72,533, in contrast to just 314,331 shares valued US$4,048 on Tuesday.
At the close, the market index gained 1.40 points to close at 188.97 and the PE ratio of the market ended with an average of 12.6 times 2020 earnings.
First Rock Capital lost 1 cent trading 8,301 units at 8 US cents, Margaritaville lost 2 US cents after exchanging 2,349 shares at 18 US cents, Proven Investments ended trading 270,393 shares at 24 US cents. Sygnus Credit Investments Investments lost 1.2 cents to close at 12.8 US cents in transferring 100 units and Trans Jamaican Highway ended with a loss of 0.3 of a cent at 0.91 US cents in exchanging 708,835 shares.
In the US dollar preference segment of the market Eppley 5% rose by 2 cents trading 30 units to close at US$1 cents, JMMB Group 6% share traded 40 units at US$1.10.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
