The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market Index rising after trading 42 percent more shares than on Tuesday, resulting in declining stocks just edging out those rising.
Trading ended with six securities changing hands at the close, compared to seven on Tuesday and ended with the prices of two stocks rising, three declining and one remaining unchanged.
JSE USD equity Index gained 2.35 points to end at 196.23. The average PE Ratio ended at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 84,098 shares, accounting for US$24,059 compared to 59,397 units at US$16,022 on Tuesday.
Trading averaged 14,016 units changing hands at US$4,010, versus an average of 8,485 shares at US$2,289 on Tuesday. Trading ended with an average of 53,565 units for the month to date at US$6,332 in contrast to 55,915 units at US$6,469 on Tuesday. November ended with an average of 1,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than the last selling price and none closed with a lower offer.
At the close of the market, MPC Caribbean Clean Energy slipped 1 cent to US$1.14 after exchanging 341 shares, Productive Business Solutions advanced 15 cents to end at 81 US cents in exchanging 11,458 stock units, Proven Investments dropped 0.27 of a cent to settle at 26.7 US cents after exchanging 53,640 shares. Sterling Investments closed at 2.38 US cents with investors swapping 809 units, Sygnus Credit Investments climbed 2 US cents to 16 US cents trading 5,000 stock units and Transjamaican Highway shed 0.05 of a cent to settle at 0.9 US cents with an exchange of 12,850 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
