The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market declining after trading 77 percent fewer shares than on Monday, resulting in slightly more stocks rising than falling.
On Tuesday seven securities traded, compared to six on Monday and ended with prices of four rising and three declining.
JSE USD equity index lost 0.35 points to end at 193.88. The average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market ended with 59,397 shares traded for US$16,022 compared to 260,980 units at US$26,193 on Monday.
Trading averaged 8,485 units changing hands at US$2,289, in contrast to an average of 43,497 shares at US$4,365 on Monday. Trading ended with an average of 55,915 units for the month to date at US$6,469 in contrast to 59,447 units at US$6,781 on the prior trading day. By comparison, November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading shows one stock ended with bids higher than their last selling prices and one with a lower offer.
At the market close, First Rock Capital Investment lost 0.01 of a cent to close at 8.99 US cents in trading 24 shares, Proven Investments advanced 0.97 of a cent to close at 26.97 US cents after exchanging 672 units, Sterling Investments gained 0.01 of a cent to 2.38 US cents with an exchange of 4,170 stocks. Sygnus Credit Investments fell 2.49 cents to 14 US cents in an exchange of 30,317 stock units, Transjamaican Highway lost 0.02 of a cent in closing at 0.95 US cents in trading 13,678 stocks.
In the preference segment, Equityline Mortgage Investment preference share gained 0.01 of a cent to settle at US$1.96, with 150 stock units changing hands and JMMB Group 6% added 2 US cents to close at US$1 after the crossing of the market with 10,386 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
