Volume rises on JSE USD market

Stocks came out of the woodworks on Monday in helping to swell trading leading to eight securities, compared to seven on Friday with prices of three rising, three declining and two closing unchanged after 61 percent more shares traded than on Friday on the US dollar market of the Jamaica Stock Exchange.
The JSE USD Equity Index fell 1.90 points to 196.16. The PE Ratio, a measure of determining the appropriate relative value of each stock,  based on ICInsider.com’s forecast of 2021-22 earnings averages 12.3.
Overall, 303,164 shares traded for US$6,113 versus 188,607 units at US$31,769 on Friday.
Trading averaged 37,896 units at US$764, in contrast to 26,944 shares at US$4,538 on Friday. Trading averages 84,733 units for the month to date at US$4,517 compared to 89,303 units at US$4,884 on Friday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price, while two ended with lower offers.
At the close, First Rock Capital climbed 0.48 of a cent to 8.98 US cents while exchanging 1,000 shares, MPC Caribbean Clean Energy declined 10 cents to US$1.05 while swapping of 58 units, Proven Investments gained 0.35 of a cent in closing at 25.85 US cents, with 1,808 stocks changing hands. Sterling Investments ended at 2 US cents after an exchange of 10,356 units, Sygnus Credit Investments popped 0.2 of a cent to 15 US cents trading 4,439 stock units and Transjamaican Highway fell 0.05 of a cent to 0.82 of a US cent in trading 283,393 units.
In the preference segment, Equityline Mortgage Investment preference share closed at US$2, with 110 stock units clearing the market and JMMB Group 6% dropped 3 cents to end at US$1 in trading 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.