More gains for JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market rising after trading 97.38 percent more shares than on Wednesday, resulting in more stocks rising than falling.
Trading ended with six securities changing hands, compared to four on Wednesday and ended with prices of three rising, one declining and two remaining unchanged.
JSE USD equity index gained 4.96 points to end at 198.36 and the average PE Ratio ends at 13.5 based on’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,703 shares for US$772 compared to 370,094 units at US$28,218 on Wednesday.
Trading averaged 1,617 units at US$129, compared to an average of 92,524 shares at US$7,055 on Wednesday. Trading averaged 87,071 units for the month to date at US$5,295 compared to 101,720 units at US$6,181 on the prior trading day. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows one stock ended with bids higher than their last selling prices and no stock closed with a lower offer.
At the close of trading, First Rock Capital Investment gained 1 cent to end at 8 US cents after 2,400 shares cross the market, Proven Investments stayed at 25.59 US cents with the 20 units changing hands, Sterling Investments climbed 0.02 of a cent to 2.02 US cents with the swapping of 3,208 stocks. Sygnus Credit Investments fell 0.45 of a cent to 16.5 US cents with an exchange of 3,000 units and Transjamaican Highway remained at 0.95 of a US cent in switching ownership of 1,070 shares.
In the preference segment, JMMB Group 6% gained 0.8 of a cent to close at US$1.02 with an exchange of a mere 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC