Securities trading on Tuesday climbed above Monday’s level but delivered less volume in trading on the US dollar market of the Jamaica Stock Exchange. The market index rose after the trading of 42 percent fewer shares than on Monday, resulting in a third of the stocks advancing after the value of stocks traded fell by 41 percent.
Trading ended with six securities changing hands at the close, compared to four on Monday and closed with the prices of two stocks rising, three declining and one remaining unchanged, with the JSE USD Equity Index gaining 0.54 points to end at 196.61. The PE Ratio averages 13.6 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 263,779 shares, for US$17,181 compared to 457,310 units at US$29,021 on Monday.
Trading averaged 43,963 units changing hands at US$2,863, in contrast to 114,328 shares at US$7,255 on Monday. Trading averaged 72,353 units for the month to date at US$9,917, in contrast to 74,357 units at US$10,415 on Monday. January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close of trading, First Rock Capital added 0.01 of a cent to close at 9 US cents in trading 31,935 shares, Proven Investments shed 0.15 of a cent to 25.85 US cents trading 18,047 units. Sygnus Credit Investments dropped 0.45 of a cent to close at 14.50 US cents, with 3,358 shares crossing the exchange and Transjamaican Highway squeezed out a gain of 0.01 of a cent to end at 0.95 US cents, in switching ownership of 203,258 stocks.
In the preference segment, Equityline Mortgage Investment preference share closed at US$1.96 trading 101 units and JMMB Group 6% lost 1 US cent to close at US$1, in switching ownership of 7,080 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
