Trading climbs higher for JSE USD stocks

 Trading ended on Thursday, with the market index continuing to slip after trading volume rose eightfold, over Tuesday’s level, with more stocks rising than falling on the US dollar market of the Jamaica Stock Exchange after reopening following the closure for Ash Wednesday.
Seven securities changed hands, the same as Tuesday, with four rising, two declining and one remaining unchanged, with the JSE USD Equity Index losing 6.76 points to end at 193.23. The PE Ratio averages 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market had an exchange of 633,561 shares for $275,891, up from 73,195 shares for US$12,725 on Tuesday.
Trading averaged 90,509 units at US$39,413, up from 10,456 units at US$1,818 on Tuesday. Trading for the month to date averaged 71,880 shares at US$11,290 compared to 69,933 units at US$8,351 on Tuesday. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows no stock closing with the bid higher than the last selling price nor with a lower offer.
At the close of trading, First Rock Capital gained 0.03 of a cent in ending at 8.98 US cents, with 18,709 shares clearing the market, Proven Investments rose 0.3 of a cent to 25.7 US cents trading 9,720 units, Sygnus Credit Investments J$ stock dropped 2.5 cents to 12 US cents trading just 4 stock units. Sygnus Credit Investments US$ stock rose 0.45 of a cent to 14.95 US cents with 38,258 stock units changing hands and Transjamaican Highway slipped 0.09 of a cent to 0.85 of a US cent with 434,924 units crossing the exchange.
In the preference segment, JMMB Group 5.75% C share increased by a cent to close at US$2.03, trading 129,331 units and JMMB Group 6% closed at US$1.01, exchanging 2,615 units.

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

About IC Insider.com