The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market rising after 88 percent fewer shares than on Wednesday, with only positive price movement for stocks.
At the close of the market, trading ended with seven securities changing hands compared to five on Wednesday and closed with the prices of two stocks rising, none declining and five ending unchanged.
The JSE USD Equities Index rose 2.66 points to settle at 192.56, with the average PE Ratio ending at 13 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 56,062 shares for US$22,966 compared to 458,934 units at US$36,108 on Wednesday.
The average trade for the day amounted to 8,009 units changing hands at US$3,281, in contrast to an average of 91,787 shares at US$7,222 on Wednesday. By comparison, September ended with an average of 84,017 units for US$10,590.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained 1 US cent to end at 9 US cents, with 286 stock units crossing the market, Proven Investments remained at 26 US cents exchanging 220 stock units. Sygnus Credit Investments held at 13 US cents after trading 8,000 stock units and Transjamaican Highway remained at 0.9 of a US cent, in clearing the market with 32,105 shares.
In the preference segment of the market, JMMB Group 5.50% remained at US$2.30, with an exchange of just one stock unit, JMMB Group 5.75% closed at US$2.01 trading 5,450 units and JMMB Group 6% rose 1 US cent to close at US$1.06, with 10,000 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for JSE USD market
October 1, 2020 by
