Trading volume on the US dollar market of the Jamaica Stock Exchange dropped on Tuesday, with the market rising after trading 92 percent fewer shares than on Monday, with values dropping 98 percent.
Similar to trading on Monday, five securities changed hands on Tuesday and ended with the prices of four stocks rising, none declining and one remaining unchanged.
The JSE USD equity index advanced by 2.57 points to settle at 186.83. The average PE Ratio ended at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 144,602 shares accounting for US$5,383, down sharply from 1,714,384 units for US$265,400 on Monday. Trading averaged 28,920 units at US$1,077, compared to an average of 342,877 shares at US$53,080 on Monday. Trading month to date averaged 70,909 units at US$10,922, in contrast to 75,575 units at US$12,016. November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading shows no stock ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, MPC Caribbean Clean Energy ended at US$1.15 trading 359 shares, Proven Investments gained 1.99 US cents to end at 25.99 US cents, with an exchange of 13,131 stock units, Sterling Investments gained 0.4 of a cent to end at 2.4 US cents, in transferring 20,000 shares. Sygnus Credit Investments increased by 1.99 cents to 16 US cents, with 1,112 units crossing the market and Transjamaican Highway carved out a gain of 0.01 of a cent to close at 0.95 of a US cent, with investors switching ownership of 110,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE USD equity index fell 3.29 points to settle at 184.26. The average PE Ratio ended at 13 based on ICInsider.com forecast of 2020-21 earnings.
Proven Investments shed 1.97 US cents to close at 24 US cents, in trading 285,385 shares. Sterling Investments lost 0.35 of a cent to settle at 2 US cents, with 28,000 stock units changing hands and Sygnus Credit Investments declined by 1.79 US cents to close at 14.01 US cents, with 1,392,648 shares crossing the exchange after the company posted details of its public share offer, with existing shareholders entitled to purchase shares as low as $14.70 each.
Trading ended with six securities changing hands, compared to three on Thursday and ended with the price of one stock rising, three declining and two remaining unchanged.
At the close of the market, Productive Business Solutions shed 18 cents in ending at 66 US cents, in an exchange of 95,356 shares, Proven Investments dropped 0.01 of a cent in closing at 25.97 US cents after trading 50,809 stock units, Sterling Investments closed at 2.35 US cents, with 21,196 shares changing hands. Sygnus Credit Investments dropped 1.20 cents to settle at 15.80 US cents, trading 58,948 shares and Transjamaican Highway gained 0.14 US cents to close at 0.94 US cents after exchanging 10 units.
The JSE USD equity index fell 0.43 points to 187.40 points as the average PE Ratio ended at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, First Rock Capital Investment lost 0.2 of a cent to 8.8 US cents trading 3,000 shares, Proven Investments gained 0.11 of a cent to close at 25.98 US cents in exchanging 8,769 stock units and Transjamaican Highway shed 0.10 of a cent to close at 0.8 US cents, with 140,000 shares changing hands.
The very popular Airbnb listing that follows its recent IPO hit the market today and only recently started trading with nearly 30 million shares exchanged up to 2 pm, with the price more than doubling.
Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment closed at 9 US cents trading a mere 250 shares, Proven Investments closed at 25.87 US cents with 2,930 stocks changing hands, Sygnus Credit Investments settled at 17 US cents in exchanging 29,056 stock units.
Trading ended with four securities changing hands, compared to five on Friday resulting in the prices of two stocks rising, none declining and two remaining unchanged.
Investor’s Choice bid-offer indicator reading shows one stock ending with the bid higher than the last selling price and two with lower offers.
At the close of the market, First Rock Capital Investment closed at 9 US cents with an exchange of 200 shares, Margaritaville remained at 13 cents with the trading of 3,500 stocks, Proven Investments rose 1.87 cents to close at 25.87 US cents, with an exchange of 21,245 stocks and Sygnus Credit Investments carved out a gain of 0.099 of a cent to settle at 16.99 US cents in trading 204,503 stocks.
Trading closed, with five securities changing hands similar to Wednesday and closed with the prices of two rising, two declining and one remaining unchanged.
Sterling Investments lost 0.4 cents to close at 2.1 US cents, in exchanging 79,400 shares, Sygnus Credit Investments advanced by 1.2 cents to settle at 16.9 US cents trading 17,122 stock units. Transjamaican Highway gained 0.04 cents to close at 0.90 US cent, with investors swapping 89,948 shares.