The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market index rising after investors traded 84 percent fewer shares but with a much higher value than on Friday, resulting in more stocks falling than rising.
At the close of the market, trading ended with six securities changing hands compared to four on Friday and ended with the prices of one stock rising, four declining and one remaining unchanged.
The JSE USD Equities Index climbed 1.95 points to settle at 187.78, with the average PE Ratio ending at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings. The market closed with an exchange of 175,169 shares, accounting for US$65,991 compared to 1,066,713 units at US$41,830 on Friday.
The average trade for the day amounted to 29,195 units changing hands at US$10,998, in contrast to an average of 266,678 shares at US$10,458 on Friday. Trading ended, with an average of 76,036 units for the month to date at US$4,722 in contrast to 80,051 units at US$4,184. 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 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 lost 0.45 of a cent to close at 8.5 US cents in trading 750 units, Productive Business Solutions remained at 70 US cents finishing, with 30 shares changing hands. Proven Investments lost one-tenth of a cent and settled at 24.75 US cents, with investors swapping ownership of 2,612 shares. Sygnus Credit Investments dropped 1 US cent in closing at 13 US cents and clearing the market with 135,477 shares and Transjamaican Highway gained six-tenths of a cent and settled at 0.09 of a US cent in an exchange of 3,000 stocks.
In the preference segment of the market, JMMB Group 5.75% dropped 9 US cents ending at a 52 weeks’ low of US$1.41, with 33,300 units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More spending on JSE USD market
August 24, 2020 by
