Trading nosedives on JSE USD market

Trading on the Jamaica Stock Exchange US dollar market, sank sharply on Tuesday, with only 20 percent the volume that traded on Monday.  At the close, five securities changed hands with none rising, three declining and two remaining unchanged.
The JSE USD Equities Index fell 2.42 points to settle at 183.54, and the average PE Ratio of the market ended at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 136,951 shares, accounting for US$11,645 compared to 687,485 units at US$14,428 on Monday. An average of 27,390 units at US$2,329 traded for Tuesday, in contrast to an average of 229,162 at US$4,809 on Monday. For the month to date, an average of 138,111 units traded at US$17,776 in contrast to 144,624 units at US$18,685. 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 one with a lower offer.
At the close of the market, First Rock Capital Investment settled at 9 US cents, with 10,238 units changing hands, Proven Investments lost 2.4 cents and settled at 23 US cents with investors switching ownership of 39,409 shares. Sygnus Credit Investments remained at US 14 cents with investors trading 3,028 units and Transjamaican Highway slipped .003 cents to close at nine-tenth of a US cent with 83,996 shares changing hands.
In the preference segment of the market, JMMB Group 5.75% lost 5 US cents to end at US$2.05, with investors swapping a mere 280 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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