Trading picked upon the Jamaica Stock Exchange US dollar Market on Wednesday as the volume passing through the market rose sharply over the levels on Tuesday.
First Rock led trading on the JSE USD market.
At the close of the market, trading ended with four securities changing hands, up from three on Tuesday, and ended, with the price of one stock rising, two declining and one remaining unchanged.
The USD Equities Index declined 1.10 points to close at 187.26 and the average PE Ratio of the JSE US Dollar Market ended at 13 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,259,630 shares, accounting for US$113,462 compared to 13,724 units at US$2,552 on Tuesday.
An average of 314,908 units at US$28,366 traded for the day, in contrast to an average of 4,575 at US$851 on Tuesday. An average of 140,559 units traded for the month to date at US$20,066, in contrast to 130,303 units at US$19,577. 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 three stocks ended with bids higher than their last selling prices and one with la ower offer.
At the close of the market, First Rock Capital Investment traded 1,251,460 shares to close at 9 US cents, Productive Business Solutions advanced by 4 US cents to end at 70 US cents in exchanging 49 units. Proven Investments declined by one cent to 23.01 US cents after trading 2,581 shares and Sygnus Credit Investments carved out a loss 1 cent to settle at 14 US cents, with 5,540 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
