Trading activity remains low on the US dollar market of the Jamaica Stock Exchange on Tuesday, with 80 percent fewer shares passing through the market than on Monday.
At the close of the market, trading ended with three securities changing hands compared to two on Monday with the prices of no stocks rising, one declining and two remaining unchanged.
The JSE USD Equities Index dropped by 0.68 points to 186.82 and with the average PE Ratio ending at 12.9 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 45,626 shares, accounting for US$8,475 compared to 227,627 units at US$12,219 on Monday. The day’s average trade of 15,209 units changed hands at US$2,825, in contrast to an average of 113,814 shares at US$6,110 on Monday. 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 ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments declined by 0.08 of a US cent to close at 24 US cents, with 21,500 stock units changing hands. Sygnus Credit Investments lost two-tenths of a cent to close at 13.65 US cents as investors swapped 23,626 shares and Transjamaican Highway eked out a rise of 0.01 of a cent and closed at 0.91 of a US cent in exchanging 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.