The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market slipping after investors traded 33 percent more shares than on Monday, resulting in an even number of stocks rising and falling.
At the close of the market, trading ended with five securities changing hands compared to six on Monday and closed with the prices of two stocks rising, two declining and one remaining unchanged.
The JSE USD Equities Index declined by 2.65 points to settle at 185.13, 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 232,191 shares, accounting for US$4,209 compared to 175,169 units at US$65,991 on Monday.
The average trade for the day amounted to 46,438 units changing hands for just an average of US$842, in contrast to an average of 29,195 shares at US$10,998 on Monday. Trading ended, with an average of 74,209 units for the month to date at US$4,482 in contrast to 76,036 units at US$4,722. 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 three 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 closed at 8.5 US cents, with 1,900 stocks crossing the market, Proven Investments shed 1.2 US cents in closing at 23.55 US cents, with 962 units crossing the market. Sterling Investments lost one-tenth of a cent to close at 2.14 US cents trading 500 units. Sygnus Credit Investments increased by half of a cent in ending at 13.5 US cents, with an exchange of 13,265 units and Transjamaican Highway gained 0.02 of a cent in finishing at 0.092 of a US cent in exchanging 215,564 stocks units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
