The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market slipping after investors traded a handful of shares, well down on Monday volume, resulting in an even number of stocks rising and falling.
At the close of the market, similar to Monday, trading ended with just three securities changing hands and ended with the prices of one stock rising, one declining and one remaining unchanged.
The JSE USD Equities Index lost 0.35 points to settle at 194.53, with the average PE Ratio ending at 13 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,507 shares, accounting for US$2,513 compared to 131,923 units at US$35,370 on Monday.
The average trade for the day amounted to 3,169 units changing hands at US$838, in contrast to an average of 100,641 shares at US$27,657 on Monday. Trading ended, with an average of 99,335 units for the month to date at US$14,302 in contrast to 108,951 units at US$15,649. 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 shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment rose 0.96 US cent to close at 9 US cents exchanging 17 shares, Proven Investments shed 2 US cents to close at 26 US cents with an exchange of8,990 stock units and Sygnus Credit Investments remained at 14.35 US cents in exchanging 500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
