The volume of shares trading jumped 96 percent over Wednesday on the US dollar market of the Jamaica Stock Exchange on Thursday, with the market rising after an equal number of stocks rose and fell.
At the close of the market, trading ended with five securities changing hands compared to three on Wednesday and closed with the prices of two stocks rising, two declining and one remaining unchanged.
The JSE USD Equities Index gained 3.71 points to settle at 195.78. The average PE Ratio ended at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 174,197 shares, accounting for US$30,301 compared to 88,771 units at US$20,104 on Wednesday. The average trade for the day amounts to 34,839 units changing hands at US$6,060, in contrast to an average of 29,590 shares at US$6,701 on Wednesday.
The average trade for the month to date is 22,210 units at US$3,746, compared to 20,591 units at US$3,450 Wednesday. 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 three stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment lost 0.02 of a cent to settle at 8.63 US cents trading 500 units, Proven Investments fell seven-tenths of a cent to 25.30 US cents in exchanging 110,257 shares, Sterling Investments gained nine-tenths of a cent to close at 2.85 US cents, with 352 units changing hands. Sygnus Credit Investments rose 1.4 cents to end at 14.50 US cents, in trading 7,533 stock units and Transjamaican Highway unchanged at 0.9 of a US cent, with 55,555 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
