The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market index rising after the trading of 61 percent fewer shares than on Friday, resulting in a tie between the number stocks increasing and declining.
At the close of the market, trading ended with three securities changing hands compared to three on Friday and ended with the price of one stock rising, one declining and one remaining unchanged.
The JSE USD Equities Index climbed 7.39 points to 194.88, with the average PE Ratio ending at 13 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 301,923 shares, accounting for US$82,970 compared to 778,508 units at US$202,867 on Friday. The average trade for the day amounted to 100,641 units changing hands at US$27,657, in contrast to an average of 259,503 shares at US$67,622 on Friday. Trading ended with an average of 109,874 units for the month to date at US$14,315 in contrast to 108,951 units at US$15,649. 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 none with lower offers.
At the close of the market, First Rock Capital Investment shed 0.96 of a US cent in closing at 8.04 US cents while exchanging 1,000 units, Proven Investments settled at 28 US cents, with investors swapping 125,890 shares and Transjamaican Highway lost 0.09 of a cent to close at nine-tenth of a US cent with investors trading 5,033 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
