Trading jumps on JSE USD market

Trading jumped on the Jamaica Stock Exchange US dollar market on Wednesday over Tuesday levels, with an exchange of 809,346 shares, accounting for US$182,887 compared to 136,951 units at only US$11,645 on Tuesday.

Proven Investments traded the most shares on the market.

The market close, with six securities changing hands with the prices of three stocks rising, one declining and two remaining unchanged.
The JSE USD Equities Index lost 0.25 points to settle at 183.29, and the average PE Ratio of the market ended at 12.96 based on IC’s forecast of 2020-21 earnings.
An average of 134,891 units traded at US$30,481 on Wednesday, in contrast to an average of 27,390 at US$2,329 on Tuesday. For the month to date, 137,910 units, on average, traded at US$18,570 in contrast to 138,111 units at US$17,776. By comparison, June ended with an average of 281,680 units valued at US$46,787.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows four 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 1.9 US cents to settle at 7.1 US cents, with 5,585 stock units clearing the market, Margaritaville ended at 16 US cents with investors swapping 21,000 shares. Proven Investments shed 2.5 cents and closed at 23 US cents after finishing trading 775,788 units and Sygnus Credit Investments gained one-tenth of a cent and ended at US 14.1 cents, with 6,880 stock units crossing the market.
In the preference share segment, Equityline Mortgage Investment advanced by US 2 cents in closing at US$1.97, with investors swapping 49 shares and JMMB Group 6% settled at US$1.05 while exchanging 44 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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