Trading picks up for JSE USD market

Trading picked up on the US dollar market of the Jamaica Stock Exchange on Thursday, 88 percent more shares trading than on Wednesday, resulting in five securities changing hands compared to two on Wednesday and ending, with two stocks falling and the rest closing unchanged.
The JSE USD Equities Index increased 1.85 points to settle at 183.67, with the average PE Ratio ending at 12.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 568,488 shares, accounting for US$67,244  compared to 302,184 units at US$71,447  on Wednesday.
The average trade for the day amounted to 113,698 units changing hands at US$13,449, in contrast to an average of 151,092 shares at US$35,724 on Wednesday. Trading ended, with an average of 91,171 units for the month to date at US$7,561 in contrast to 85,243 units at US$6,125. By comparison, August ended with an average of 83,402 units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than their last selling price and none closing with lower offers.
At the close of the market, Proven Investments remained at 24.8 US cents, with investors trading 309 shares. Sygnus Credit Investments declined by 1.9 US cents in closing at 13 US cents with investors switching ownership of 297,407 stocks and  Transjamaican Highway closed at 0.81 of a US cent in clearing the market with 250,001 stock units.
In the preference segment of the market, JMMB Group 5.75% remained at US$2.01 after an exchange of 5,200 stock units, JMMB Group 6% lost 10 US cents to settle at US$1.05 and finishing, with 15,571 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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