Stocks record gains on JSE USD Market

Seventy four percent more funds chased stocks in the US dollar market of the Jamaica Stock Exchange in trading on Wednesday, but investors came away with 53.26 percent fewer shares than when they traded on Tuesday.
Trading ended with six securities changing hands, up from four on Tuesday and ended with price changes of only three stocks with price gains, the JSE USD Equity Index lost 1.28 points to close at 191.29 and the average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 202,621 shares, for US$62,211 compared to 433,513 units at US$35,736 on Tuesday.
Trading averaged 33,770 units at US$10,369, in contrast to an average of 108,378 shares at US$8,934 on Tuesday. Trading averaged 133,942 units for the month to date at US$20,321 in contrast to 144,305 units at US$21,351 on Tuesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher or lower than the last selling price.
At the close of the market, First Rock Capital Investment gained 0.96 of a cent in ending at 8.86 US cents and exchanging 503 stocks, Proven Investments climbed 1.14 cents to end at 26.99 US cents after exchanging 23,059 stock units, Sygnus Credit Investments closed at 15 US cents with 28,859 units crossing the market. Transjamaican Highway carved out a gain of 0.01 of a cent in ending at 0.86 US cents, with 100,000 stock units changing hands.
In the preference segmentJMMB Group 5.75% closed at US$1.50 trading 200 shares and JMMB Group 6% closed at US$1.02 50,000 stock units crossing the market.

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

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