Gains for JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday after the market rising after trading 86 percent fewer shares than Monday, resulting in an even number of stocks rising and falling. 
At the close of the market, trading ended with three securities changing hands compared to four on Monday and ending with one stock rising, one declining and one remaining unchanged.
The JSE USD Equities Index carved out a gain of 3.01 points to settle at 195.54, with the average PE Ratio ending at 12.6 based on the IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 580,012 shares, accounting for US$14,354  compared to 4,211,063 units at US$42,648 on Monday.
The average trade for the day amounted to 193,337 units changing hands at  US$4,785, in contrast to an average of 1,052,766 shares at US$10,662  on Monday. Trading ended with an average of 199,396 units for the month to date at US$12,001 in contrast to 199,964 units at US$12,677. By comparison, September ended with an average of 84,017 units for US$10,590.
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 none with lower offers.
At the close of the market, Proven Investments shed 1 US cent to settle at 27 US cents, with 34,979 shares changing hands, Sygnus Credit Investments gained 1 US cent to close at 14.5 US cents with investors switching ownership of just one stock and  Transjamaican Highway closed at 0.81 US cent, with 545,032 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC