Trading picks up for JSE USD market

Trading closed on the Jamaica Stock Exchange US dollar market on Monday as investors exchanged 63 percent more shares valued 51 percent more than Friday, resulting in an even number of stocks rising and falling and slippage in the index declining.
Trading ended with five securities changing hands, compared to six on Friday, with prices of two rising, two declining and one ending unchanged.
The JSE US Denominated Equities Index fell 4.36 points to end at 194.90. The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio is based on earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 931,949 shares traded for US$28,540up from 570,773 units at US$18,913 on Friday. Trading averaged 186,390 units at US$5,708 compared to 95,129 shares at US$3,152 on Friday compared to October that ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than its last selling price and two with lower offers.
At the close, First Rock Capital US share remained unchanged at 7 US cents with a transfer of 808 shares, Proven Investments rallied 1.69 cents to 23.9 US cents with 83,508 stock units traded, Sygnus Credit Investments USD share rose 0.19 of a cent to end at 12.99 US cents with investors switching ownership of 17,171 stocks. Sygnus Real Estate Finance USD share dropped 2.3 cents to 14 US cents with 1,300 units changing hands and Transjamaican Highway shed 0.15 of a cent to close at 0.8 of US cents with 829,162 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.