Volume plunged 94 percent from Monday on the US dollar market of the Jamaica Stock Exchange on Tuesday, but the market index rose to the highest point since the latter part of April this year, with the market now down only 10.7 percent for the year.
The JSE USD Equities Index rose 5.71 points to settle at 201.92, with the PE Ratio of the market averaging 13.6 based on ICInsider.com forecast of 2020-21 earnings.
Trading ended with six securities changing hands compared to four on Monday and ended with prices of three stocks rising, one declining and two ending unchanged.
The market closed with an exchange of 11,325 shares, accounting for US$786, compared to 201,692 units at US$4,467 on Monday. The average trade amounts to 1,888 units changing hands at just US$131, in contrast to an average of 50,423 shares at US$1,117 on Monday. Trading ended with an average of 800,959 units for the month to date at US$17,432, in contrast to 874,719 units at US$19,029. 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 two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment lost 1.99 US cents in closing at 7.01 US cents, with an exchange of 10,000 stock units, Margaritaville remained at 15 US cents trading 64 units, Proven Investments gained 4.44 US cents to settle at 27.95 US cents, after exchanging just 34 units. Sterling Investments gained eight-tenths of a cent and settled at 2.75 US cents, trading 355 units, Sygnus Credit Investments closed at 13.49 US cents, in a transfer of 123 units and Transjamaican Highway slipped 0.01 of a cent to end at 0.98 of a US cent, after 749 stock units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
