Proven pushes JSE USD higher – Friday

Proven Investments enjoyed a good day on the US dollar market of the Jamaica Stock Exchange on Friday and helping to move the market higher after investors traded 37 percent more shares in the overall market at twice the value than on Thursday.  

Proven Investments traded the most shares on the JSE USD market.

At the close of the market, trading ended with three securities changing hands compared to five on Thursday and ended with the prices of two stocks rising, none declining and one remaining unchanged.
The JSE USD Equities Index increased 3.82 points to settle at 187.49, with the average PE Ratio ending at 12.9 based on IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 778,508 shares, accounting for  US$202,867 compared to 568,488 units at US$67,244 on Thursday.
The average trade for the day amounted to 259,503 units changing hands at  US$67,622, in contrast to an average of 113,698 shares at US$13,449  on Thursday. Trading ended, with an average of 109,874 units for the month to date at US$14,315 in contrast to 91,171 units at US$7,651. 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 one stock ended with the bid higher than the last selling price and none with lower offers.
At the close of the market, Proven Investments carved out a gain of 3.2 US cents in closing at 28 US cents and exchanging 758,069 shares and Sygnus Credit Investments gained 1.4 US cents to close at 14.35 US cents, trading 19,639 shares.
In the preference segment of the market, JMMB Group 6% traded 800 units to close at US$1.05.

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

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