JSE USD market slips on Tuesday

The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market slipping after investors traded 25 percent fewer shares than on Monday, resulting in more stocks falling than rising.
At the close of the market, trading ended with five securities changing hands with the prices of one stock rising, four declining and none remaining unchanged.
The JSE USD Equities Index carved out a loss 2.04 points to settle at 185.71, and the average PE Ratio of the market ended at 12.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 282,053 shares, accounting for US$49,800 compared to 378,176 units at US$10,807 on Monday.
At the end of market activity on Tuesday, an average of 56,411 shares traded at US$9,960, in contrast to an average of 75,635 shares at US$2,161 on Monday. Trading ended with an average of 66,023 units for the month to date at US$6,061. 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 two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment shed 1.5 US cents to end at 7.5 US cents in an exchange of 8,800 units. Proven Investments fell 0.51 US cent to settle at 22.99 US cents while 143,753 stocks changed hands, Sygnus Credit Investments climbed US 1.2 cents in closing at 15 US cents and trading 13,000 stocks and Transjamaican Highway closed at 0.95 US cent with 110,000 stock units passing through the market after the price slipped from 0.097 cents.
In the preference segment of the market, JMMB Group 5.75% lost by 4 US cents in closing at US$2.01, with investors exchanging 6,500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com