Volume picked up sharply in trading on the Jamaica Stock exchange US dollar market on Tuesday but was well off what has become the norm for daily activity in this market.
Market activity resulted in three securities changing hands, with one stock rising, one declining and one left unchanged. Investors exchanged 314,331 shares with a value of US$4,048, in contrast to just 18,205 units for US$623 on Monday. Proven Investments, one of the most popular and liquid stock in the market, has not traded for a second consecutive trading day.
At the close, the market declined 2.61 points to 187.57 and the PE ratio of the market ended with an average of 13.1 times 2020 earnings.
First Rock Capital traded at 9 US cents, with a gain of 1 cent trading 13,831 units, Sterling Investments closed at 2 US cents, in transferring 500 units and Trans Jamaican Highway ended at 0.94 US cents, with a loss of 0.1 of a cent in exchanging 300,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
