JSE USD market ends September positively

Trading picked up on the US dollar market of the Jamaica Stock Exchange on Wednesday, with demand rising after investors traded 25 times more shares than on Tuesday, resulting in an even number of stocks rising and falling and the market closing higher than the August close. 
At the close of the market, trading ended with five securities changing hands compared to four on Tuesday and ended with the prices of one stock rising, one declining and three remaining unchanged.
The JSE USD Equities Index climbed 4.66 points to settle at 189.90, rising one percent over August. The average PE Ratio ended at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 458,934 shares, accounting for US$36,108  compared to 18,275 units at US$4,085 on Tuesday.
The average trade for the day amounted to 91,787 units changing hands at  US$7,222, in contrast to an average of 4,569 shares at US$1,021  on Tuesday. Trading ended, with an average of 84,017 units for the month to date, for US$10,590 in contrast to 86,481 units at US$10,828 Tuesday. By comparison, August ended with an average of 83,402  units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment settled at 8 US cents, with 29,499 shares crossing the market, Proven Investments closed at 26 US cents in exchanging 749 stocks. Sygnus Credit Investments settled at 13 US cents, with 34,906 units changing hands and Transjamaican Highway lost 0.09 of a cent in ending at 0.90 of a US cent, with 381,000 stock units crossing the market.
In the preference segment of the market, JMMB Group 5.75% remained at US$2.01 after exchanging 12,780 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.