Trading surges on JSE USD market

Trading climbed sharply on Wednesday by more than fourteen times Tuesday level on the US dollar market of the Jamaica Stock Exchange with the market index rising 2.27 points to settle at 195.56 at the close.
At the close of the market, trading ended with four stocks changing hands compared to two on Tuesday and closed with the prices of two stocks rising, two declining and none remaining unchanged.
The average PE Ratio ended at 13.8 based on’s forecast of 2020-21 earnings.
The market closed with an exchange of 700,105 shares at US$38,808 compared to 48,132 units at US$8,939 on Tuesday. The average trade was 175,026 units changing hands at US$9,702, in contrast to an average of 24,066 shares at US$4,469 on Tuesday. Trading ended with an average of 51,128 units for the month to date at US$5,728 compared to 41,597 units at US$5,422. By comparison, October ended with an average of 697,808 units for US$17,320.
The Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment gained 0.64 of a cent to end at 8.65 US cents, trading 36,020 shares, Proven Investments slipped 0.05 of a cent and settled at 25.9 US cents, with 65,344 units changing hands. Sygnus Credit Investments rose 2 US cents to 17 US cents and finishing with an exchange of 85,717 shares and Transjamaican Highway lost 0.05 of a cent to end at 0.85 of a US cent after trading 513,024 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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