Trading on the US dollar market of the Jamaica Stock Exchange closed on Monday, with just two securities changing hands compared to four on Friday, resulting in the prices of one stock rising, none declining and one remaining unchanged.
At the close of the market, trading the JSE USD Equities Index gained 1.53 points to settle at 187.50 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 227,627 shares, accounting for US$12,219 compared to 71,410 units at US$56,041 on Friday. The average trade for the day amounted to 113,814 units changing hands at US$6,110, in contrast to an average of 17,853 shares at US$14,010 on Friday.
Trading ended, with an average of 83,402 units for the month to date at US$7,526 in contrast to 82,755 units at US$7,556. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments rose 0.8 of a US cent to end at 24.8 US cents with 42,627 units changing hands and Transjamaican Highway closed at 0.9 of a US cent with investors trading 185,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.