Transjamaica dominates US$ market

Transjamaica Highway dominated trading on the Jamaica Stock Exchange US dollar market, resulting in an exchange of 1,394,242 shares for US$56,795 compared to 213,597 shares with US$24,417 on Thursday. 
The day’s activities saw three securities changing hands, with the prices of two stocks rising and one declining. The market index climbed 4.21 points to 187.84 at the close and the average PE ratio of the market ended the day at 13.4 based on IC’s 2020-21 earnings forecast.
The average trade of the day was 464,747 units at $18,932, in contrast to an average of 42,719 units at $4,883 on Thursday. The average volume and value for the month to date amounts to 243,336 units valued at $50,949 in contrast 237,754 units at an average of $52,196.
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, Proven Investments jumped 2.5 cents to end at 25.5 US cents, after 184,106 stock units traded and Transjamaica Highway rose one-tenth of a cent in trading,1,208,836 shares to end at 0.99 US cents.
In the US dollar preference segment, JMMB Group 6% dropped by one-tenth of a cent to end at 0.9901US cents with an exchange of 1,300 stock units.

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

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