JSE USD market up on lower volume

The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market index rising after investors traded 46 percent fewer shares than on Friday, with more stocks rising than falling.
At the close of the market, trading ended with five securities changing hands with the prices of three stocks rising and two declining.
The JSE USD Equities Index advanced by 1.60 points to settle at 187.75, and the average PE Ratio of the market ended at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 378,176 shares, accounting for US$10,807 compared to 704,435 units at US$124,817 on Friday.
An average of 75,635 units traded on Monday at US$2,161 for each security. In contrast to an average of 234,812 shares at US$41,606 on Friday. By comparison,  July ended with an average of 133,150 units for US$18,282 for each security traded.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows one stock ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment gained half of a cent and settled at 9 US cents, with 5,505 stocks crossing the market, Margaritaville added three-tenths of a cent to close at 14 US cents with investors swapping 1,865 units. Proven Investments carved out a gain of 1 US cent to end at 24 US cents, with 22,906 shares clearing the market, Sygnus Credit Investments lost three-tenths of a cent to end at 14.8 US cents with an exchange of 10,291 stock units and Transjamaican Highway fell from 0.98 US cents to 0.97 of a cent, with 337,609 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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