JSE USD Market closes higher

Stocks mostly gained on the US dollar market of the Jamaica Stock Exchange at the close of trading on Wednesday, with the market rising after trading 61.24 percent more shares than on Tuesday, resulting in more stocks rising than falling.
Four securities changed hands, compared to six on Tuesday and trading ended with two stocks rising, one declining and one remaining unchanged.
The JSE USD equity index gained 4.1 points to 193.40. The average PE Ratio ended at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 370,094 shares, at US$28,218 compared to 954,856 units at US$23,924 on Tuesday. Trading averaged 92,524 units at US$7,055 compared to 159,143 shares at US$3,987 on Tuesday. Trading for the month to date averaged 101,720 units at US$6,181 in contrast to 102,907 units at US$6,068 on Tuesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices, while no stock closed with a lower offer.
At the close of trading, Margaritaville traded 2,152 shares and closed at 11 US cents, Proven Investments rose 2.59 cents ending at 25.59 US cents, with 586 stock units changing hands, Sygnus Credit Investments fell 0.05 cents to 16.95 US cents after 157,556 stock units cleared the market and Transjamaican Highway climbed 0.09 cents to end at 0.95 US cents in exchanging 209,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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