The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market rising after trading more than 10 times more shares than on Tuesday, resulting in more stocks rising than falling.
The market closed with seven securities changing hands, up from three on Tuesday, with three stocks rising, two declining and two remaining unchanged.
JSE USD equity index rose 1.58 points to end at 192.25 and the average PE Ratio ended at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,068,673 shares, for US$33,336 compared to 93,030 units at US$4,805 on Tuesday.
Trading averaged 152,668 units changing hands at US$4,762, in contrast to an average of 31,010 shares at US$1,602 on Tuesday. Trading ended with an average of 62,199 units for the month to date at US$7,373 in contrast to 53,756 units at US$7,616 on the prior trading day. By comparison, 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 the last selling price and one with a lower offer.
At the close of the market, Rock Capital Investment rose 1 cent to end at 9 US cents in trading 9,962 shares, Productive Business Solutions closed at 66 US cents with an exchange of 52 stocks, Proven Investments dropped 0.04 of a cent to close at 25.89 US cents in exchanging 52,945 stocks. Sterling Investments rose 0.28 of a cent in closing at 2.38 US cents, trading 100 units, Sygnus Credit Investments ended at 15.7 US cents while exchanging 839 units, Transjamaican Highway climbed 0.06 of a cent in closing at 0.98 of a US cent with 995,361 stock units changing hands.
In the preference segment, JMMB Group 6% preference share lost 1 US cent to end at 99 US cents after exchanging 9,414 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.