JSE USD market slips on Monday

The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market declining as investors traded 83 percent fewer shares than on Friday, resulting in an even number of stocks rising, falling and closing unchanged. 
At the close of the market, trading ended with three securities changing hands compared to five on Friday and closed with the price of one stock rising, one declining and one remaining unchanged.
The JSE USD Equities Index lost 2.18 points to settle at 188.78, with the average PE Ratio ending at 12.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 150,020 shares, accounting for US$2,461 compared to 860,406 units at  US$20,339 on Friday. The average trade for the day amounted to 50,007 units changing hands at US$820, in contrast to an average of 172,081 shares at  US$4,068 on Friday. Trading ended with an average of 90,537 units for the month to date at US$11,266 in contrast to 93,329 units at US$11,962. 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 one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, Proven Investments half of a US cent to settle at 27 US cents, in clearing the market with  20 stock units, Sygnus Credit Investments gained 1 US cent to close at 13 US cents while exchanging 10,000 stocks and Transjamaican Highway remained at 0.81 of a US cent, with 140,000 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

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