JSE USD market inches higher

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market gaining moderately, after investors traded 95 percent fewer shares than on Wednesday, but resulted in more stocks rising than falling. 

Proven Investments traded the most stocks on Thursday.

At the close of the market, trading ended with six securities changing hands with the prices of three stocks rising, one declining and two remaining unchanged.
The JSE USD Equities Index carved out a gain of 0.48 points to settle at 183.77, with the average PE Ratio of the market ended at 13 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 36,996 shares, accounting for US$12,069 compared to 809,346 units at US$182,887 on Wednesday.
An average of 6,166 units traded at US$2,011 on Thursday, in contrast to an average of 134,891 at US$30,481 on Wednesday. Trading ended with an average of 130,160 units for the month to date at US$17,596 in contrast to 137,910 units at US$18,570. By comparison, June ended with an average of 281,680 units for US$46,787.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with an offer.
At the close of the market, First Rock Capital Investment climbed 1.4 US cents in ending at 9 US cents clearing the market with 1,000 stock units, Proven Investments ended at 22.95 US cents after exchanging 24,791 stock units. Sygnus Credit Investments held at 14 US cents, with 7,720 units clearing the market with and Transjamaican Highway lost one-tenth of a cent and ended at 0.95 US cent, with investors swapping 900 stock units.
In the preference segment of the market, JMMB Group 5.50% rose 28 US cents to close at US$2.30 after trading just 15 stock units and JMMB Group 5.75% closed at US$2.05, with 2,570 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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