The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market rising after investors traded 72 percent fewer shares than on Friday, resulting in the majority of stocks closing unchanged.
At the close of the market, trading ended with four securities changing hands compared to four on Friday and ended with the prices of no stock rising, one declining and three remaining unchanged.
The JSE USD Equities Index gained 1.52 points to settle at 188.37, with the average PE Ratio ending at 12.8 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 153,543 shares, accounting for US$22,603 compared to 553,018 units at US$8,738 on Friday.
The average trade for the day amounted to 38,386 units changing hands at US$5,651, in contrast to an average of 138,255 shares at US$2,185 on Friday. Trading ended with an average of 88,180 units for the month to date at US$11,413 in contrast to 91,342 units at US$11,799. 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 three stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments remained at 26 US cents after exchanging 650 shares and Sygnus Credit Investments lost half a US cent to close at 13 US cents and cleared the market after trading 150,278 shares.
In the preference segment, Equityline Mortgage Investment preference share closed at US$1.96, with an exchange of 150 units and JMMB Group 6% was unchanged at US$1.05 in trading 2,465 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with three securities changing hands compared to three on Wednesday and ended with the prices of two stocks rising, none declining and one remaining unchanged.
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 a lower offer.
At the close of the market, trading ended similar to Thursday, with five securities changing hands and ended with the prices of one stock rising, three declining and one remaining unchanged.
At the close of the market, First Rock Capital Investment lost 0.49 of a cent to close at 8.5 US cents with investors switching ownership of 5,000 shares, Proven Investments gained 1.5 US cents, after ending at 27.5 US cents in exchanging 606 units. Sygnus Credit Investments declined by 1.5 US cents to close at 12 US cents trading 104,750 shares and Transjamaican Highway slipped 0.07 of a cent to 0.81 of a US cent, with 750,000 shares passing through the market.
At the close of the market, similar to Monday, trading ended with just three securities changing hands and ended with the prices of one stock rising, one declining and one remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, trading ended with six securities changing hands compared to three on Wednesday and concluded with the prices of four stocks rising, one declining and one remaining unchanged.
Proven Investments climbed 0.79 of a cent in closing at 24.8 US cents with 1,024,551 stocks changing hands. Sygnus Credit Investments climbed half of a US cent to close at 13.5 US cents with 200 shares traded and Transjamaican Highway rose 0.09 of a cent to settle at nine-tenths of a US cent with 10,000 stocks crossing the exchange.
Proven Investments shed 2.5 cents and closed at 23 US cents after finishing trading 775,788 units and Sygnus Credit Investments gained one-tenth of a cent and ended at US 14.1 cents, with 6,880 stock units crossing the market.
The market closed with an exchange of 60,494 shares, accounting for US$13,212 compared to 176,139 units at $58,052 on Monday.
The market closed with an exchange of 224,150 shares, accounting for US$7,470 compared to 1,520,815 units at US$77,061 on Thursday.
The market closed with six securities changing hands with the prices of one stock rising, two declining and the prices of two closing unchanged. The average PE Ratio of the Market ended at 15.2 based on IC Insider.com’s forecasted 2020-21 earnings.