The US dollar market of the Jamaica Stock Exchange closed on Monday, with eight percent more shares changing hands than on Friday, but a sharply reduced value the market and resulting in an even number of stocks rising than falling.
At the close of the market, trading ended with four securities changing hands compared to four on Friday and ended with the price of one stock rising, one stock declining and two remaining unchanged.
The JSE USD Equities Index the US Denominated Equities Index carved out a loss 1.63 points to settle at 194.33, with the average PE Ratio ending at 13.1 based on the IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 263,000 shares, accounting for US$3,752 compared to 242,822 units at US$45,184 on Friday.
The average trade for the day amounted to 65,750 units changing hands at US$938 each, in contrast to an average of 60,706 shares at US$11,296 on Friday. Trading ended, with an average of 37,459 units for the month to date at US$4,793 in contrast to 27,171 units at US$6,195. By comparison, September ended with an average of 84,017 units for US$10,590.
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 a bid higher than the last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment remained at 9 US cents after an exchange of 1,000 shares, Sterling Investments lost one-tenth of a cent and closed at 2 US cents with investors switching ownership of 100,000 units. Sygnus Credit Investments remained at 13 US cents, with 2,000 stocks crossing the exchange and Transjamaican Highway inched higher by 0.01 of a cent and ended at 0.091 of a US cent with the swapping 160,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
