Rising stocks dominate JSE USD market

Stocks mostly rose on Monday from a slightly reduced volume of shares passing through the US dollar market of the Jamaica Stock Exchange and ending with the market regaining lost ground after trading 16 percent fewer shares than on Friday and ending with 39 percent greater value.
Trading ended with four securities changing hands, down from seven on Friday, ending with three rising and one declining, with the JSE USD Equity Index gaining 3.99 points to 196.07. The PE Ratio averages 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 457,310 shares for US$29,021 compared to 543,918 units at US$20,823 on Friday.
Trading averaged 114,328 units at US$7,255, in contrast to 77,703 shares at US$2,975 on Friday. Trading averaged 74,357 units for the month to date at US$10,415 in contrast to 72,383 units at US$10,571 on the prior trading day. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, First Rock Capital gained 0.09 of a cent in closing at 8.99 US cents, with 153,079 stock units crossing the market, Proven Investments rose 0.01 of a cent to close at 26 US cents trading 48,631 shares. Sterling Investments lost 0.19 of a cent at 2.20 US cents after trading 24,343 stocks and Transjamaican Highway rose 0.03 of a cent in closing at 0.94 of a US cents after switching ownership of 231,257 shares.

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

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