The US dollar market of the Jamaica Stock Exchange rose at the close of trading on Monday, after trading 88 percent fewer shares changed hands than on Friday, resulting in more stocks rising than falling.
At the close of the market, trading ended with four securities changing hands compared to five on Friday and ended with the prices of two stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index climbed 19.15 points to close at 196.21, more than recovering the 14.16 points drop on Friday. The PE Ratio of the market averages 13.1 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 201,692 shares, for US$4,467 compared to 1,635,494 units at US$294,978 on Friday.
The average trade for the day amounts to 50,423 units changing hands at US$1,117, in contrast to an average of 327,099 shares at US$58,996 on Friday. Trading ended with an average of 874,719 units for the month to date at US$19,029, in contrast to 928,771 units at US$20,204. September by comparison ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, Margaritaville remained at 15 US cents after trading 100 shares, Proven Investments shed 2.49 US cents to settle at 23.51 US cents with an exchange of 9,801 units, Sygnus Credit Investments gained fourth tenths of a cent to close 13.49 US cents with an exchange of 627 stock units and Transjamaican Highway rose by 0.04 of a cent to end at 0.097 of a US cent with an exchange of 191,164 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
