JSE USD market trading in the dumps

The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market rising after investors traded 80 percent more shares than on Monday, based on very low volume.
At the close of the market, trading ended with two securities changing hands compared to one on  Monday and ended with the prices of one stock rising, none declining and one remaining unchanged.
The JSE USD Equities Index carved out a gain of 0.78 points to settle at 183.31, with the average PE Ratio ending at 12.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 19,285 shares, accounting for US$4,431  compared to 10,719 units at US$863 on Monday.
The average trade for the day amounted to 9,643 units changing hands at  US$2,216, in contrast to an average of 10,719 shares at US$863  on Monday. Trading ended, with an average of 77,496 units for the month to date at US$2,643 in contrast to 86,543 units at US$2,700. 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 two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment increased 0.95 of a US cent to close at 9 US cents after exchanging 2,150 shares and Proven Investments remained at 24.8 US cents trading 17,135 stock units.

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

About IC Insider.com