The Tree of Knowledge

September 24, 2020 by IC Insider.com

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market inching higher after traded 50 percent more shares than on Wednesday, resulting in more stocks rising than falling.
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.
The JSE USD Equities Index carved out a gain of 0.70 points to settle at 188.50, with the average PE Ratio ending at 13 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 202,039 shares, accounting for US$54,918 compared to 135,825 units at US$9,628 on Wednesday.
The average trade for the day amounted to 67,346 units changing hands at US$18,306, in contrast to an average of 45,275 shares at US$3,209 on Wednesday. Trading ended, with an average of 86,489 units for the month to date at US$11,724 in contrast to 87,553 units at US$11,359. 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Proven Investments carved out a gain of 1 US cent to end at 25 US cents with investors exchanging 196,519 shares and Sygnus Credit Investments gained 1.3 US cents to settle at 14.34 US cents in trading just 20 units.
In the preference segment of the market, JMMB Group 6% settled at US$1.05 in exchanging 5,500 stocks.

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

JSE US$ market index drops

The JSE US dollar market closed on Friday and recorded another day of moderate activity, resulting in five securities changing hands as was the case on Thursday and ended, with one stock rising, four declining.
At the close, the market lost 9.36 points to 193.68. The PE ratio of the market closed with an average of 13.4 times 2020 earnings.
The volume of shares traded was well below amounts passing through the market on Thursday as investors exchanged just units with a value of US$55,230, in contrast to 161,095 units for US$4,685 on Thursday.
Stocks trading are, First Rock Capital exchanging 600 units and shedding 0.2 of a cent to close at 9 US cents, Margaritaville fell 0.02 of a cent in exchanging 7,761 units and closed at 20 US cents. Proven Investments lost 2 cents to end at 24 US cents, trading of 209,001 units and Trans Jamaican Highway swapped 30,900 shares at 1.06 US cents, after rising 0.2 of a cent.
In the preference market, JMMB Group 6% preference share lost one cent in trading 6,019 units at US$1.11.