Trading volume dropped sharply on the US dollar market of the Jamaica Stock Exchange on Tuesday, with the market picking up a modest gain in the market index more stocks declining than rising.
At the close of the market, trading ended with six securities changing hands compared to five on Monday and ended with the prices of one stock rising, three declining and two remaining unchanged.
The JSE USD Equities Index increased 0.72 points to settle at 192.49, and the average PE Ratio of the market ended at 13.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 22,054 shares, accounting for US$14,604 compared to 774,661 units at US$24,766 on Monday.
An average of 3,676 units traded at US$2,434 on Tuesday, in contrast to an average of 154,932 shares at US$4,953 on Monday. Trading ended with an average of 55,086 units for the month to date at US$4,044 in contrast to 66,102 units at US$4,389. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market,
Proven Investments lost three-tenths of a cent to close at 24.5 US cents, with 2,425 units crossing the market Sterling Investments increased six-tenths of a US cent to close at 2.85 US cents trading 5,500 units. Sygnus Credit Investments dropped by 1.8 US cents to settle at 15.2 US cents in an exchange of 229 units and Transjamaican Highway closed at 0.95 of a US cent while exchanging 4,000 stock units.
In the preference segment of the US dollar market, JMMB Group 5.75% remained at US$2.01 in clearing the market with 3,900 units and JMMB Group 6% declined by 6 US cents closing at 99 US cents with 6,000 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with five securities changing hands compared to six on Friday and ended with the prices of two stocks rising, two declining and one remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, trading ended with six securities changing hands with the prices of four stocks rising, one declining and one remaining unchanged.
Sterling Investments gained seven-tenth of a US cent to end at 2.65 US cents with investors exchanging 10,000 stocks, Sygnus Credit Investments gained 1.3 US cents to close at 16.5 US cents, with 9,237 stock units changing hands and Transjamaican Highway lost a fraction of a cent to close at 0.93 of a US cent while exchanging 300,000 shares.
At the close of the market, trading ended with seven securities changing hands with the prices of three stocks rising, one declining and three remaining unchanged.
First Rock Capital Investment advanced 1.5 US cents in ending at 9 US cents, with 7,555 stock units crossing the market, Margaritaville closed at 14 US cents, after 1,500 units passed through the market. Proven Investments climbed 1.98 cents to settle at 24.97 US cents trading 61,906 shares, Sygnus Credit Investments rose two-tenths of a cent closed at 15 US cents changing hands 5,400 stocks and Transjamaican Highway stayed at 1 US cent exchanging 4,146 stocks.
At the close of the market, trading ended with five securities changing hands with the prices of one stock rising, four declining and none remaining unchanged.
Proven Investments fell 0.51 US cent to settle at 22.99 US cents while 143,753 stocks changed hands, Sygnus Credit Investments climbed US 1.2 cents in closing at 15 US cents and trading 13,000 stocks and Transjamaican Highway closed at 0.95 US cent with 110,000 stock units passing through the market after the price slipped from 0.097 cents.
At the close of the market, First Rock Capital Investment gained half of a cent and settled at 9 US cents, with 5,505 stocks crossing the market, Margaritaville added three-tenths of a cent to close at 14 US cents with investors swapping 1,865 units. Proven Investments carved out a gain of 1 US cent to end at 24 US cents, with 22,906 shares clearing the market, Sygnus Credit Investments lost three-tenths of a cent to end at 14.8 US cents with an exchange of 10,291 stock units and Transjamaican Highway fell from 0.98 US cents to 0.97 of a cent, with 337,609 units changing hands.
At the close of the market, trading ended with three securities changing hands with the prices of one stock rising and two declining. Margaritaville closed at a 52 weeks’ low at the lowest price since early 2018.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and one with closing with a lower offer.
First Rock Capital Investment climbed 1.4 US cents in ending at 9 US cents clearing the market with 1,000 stock units, Proven Investments ended at 22.95 US cents after exchanging 24,791 stock units. Sygnus Credit Investments held at 14 US cents, with 7,720 units clearing the market with and Transjamaican Highway lost one-tenth of a cent and ended at 0.95 US cent, with investors swapping 900 stock units.
Proven Investments shed 2.5 cents and closed at 23 US cents after finishing trading 775,788 units and Sygnus Credit Investments gained one-tenth of a cent and ended at US 14.1 cents, with 6,880 stock units crossing the market.
The market closed with an exchange of 136,951 shares, accounting for US$11,645 compared to 687,485 units at US$14,428 on Monday. An average of 27,390 units at US$2,329 traded for Tuesday, in contrast to an average of 229,162 at US$4,809 on Monday. For the month to date, an average of 138,111 units traded at US$17,776 in contrast to 144,624 units at US$18,685. By comparison, June ended with an average of 281,680 units valued at US$46,787.