JSE USD market record gains

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market index rising after investors traded four times more shares than on Wednesday, resulting in stocks rising outnumbering declining ones.
At the close of the market, trading ended with six securities changing hands with the prices of four stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index rose 4.19 points to settle at 192.87, with the average PE Ratio of the market ended at 13.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 332,053 shares, accounting for US$17,651 compared to 83,915 units at US$19,876 on Wednesday.
Trading resulted in an average of 55,342 units at US$2,942 changing hands on Friday, in contrast to 11,988 shares at US$2,839 on Wednesday. Trading ended with an average of 46,791 units for the month to date at US$4,267, in contrast to 43,773 units at US$4,734. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows one stock ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment remained at 9 US cents with an exchange of 151 shares, Proven Investments ended with a modest gain, with the price moving from 24.97 US cents to 24.98 US cents and closed with a mere one unit passing through the market. Sterling Investments gained seven-tenth of a US cent to end at 2.65 US cents with investors exchanging 10,000 stocks, Sygnus Credit Investments gained 1.3 US cents to close at 16.5 US cents, with 9,237 stock units changing hands and Transjamaican Highway lost a fraction of a cent to close at 0.93 of a US cent while exchanging 300,000 shares.
In the preference segment, JMMB Group 6% carved out a gain of 6 US cents to close at US$1.05 in clearing the market with 12,664 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com