Trading surged on the US dollar market of the Jamaica Stock Exchange on Tuesday, with the market rising after trading 761 percent more shares changing hands than on Monday, but resulted in more stocks rising than falling.
Trading ended with five securities changing hands at the close, similar to Monday and ended with two stocks rising, one declining and two remaining unchanged.
JSE USD Equity Index gained 1.26 points to end at 198.92. The average PE Ratio ends at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 589,955 shares, for US$24,360 up from 68,503 units at US$5,320 on Monday.
Trading averaged 117,991 units at US$4,872, up from 13,701 shares at US$1,064 on Monday. Trading averaged 127,831 units for the month to date at US$17,322 in contrast to 128,462 units at US$18,121 on the prior trading day. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close of trading, First Rock Capital Investment closed at 8 US cents, with 15,354 shares changing hands, Productive Business Solutions closed at 79 US cents with an exchange of 901 units, Proven Investments gained 0.01 of a cent to end at 27 US cents trading 50,934 stock units. Sygnus Credit Investments shed 0.5 US cents to close at 16.49 US cents in exchanging 26,469 stocks and Transjamaican Highway climbed 0.01 of a cent to end at 0.91 of a US cent after 496,297 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.