The majority of stock prices slipped on Thursday at the close of trading on the US dollar market of the Jamaica Stock Exchange, after 79 percent fewer shares changed hands than on Wednesday.
Trading ended with six securities changing hands at the close, versus seven on Wednesday and ended with the prices of two stocks rising, four declining.
JSE USD equity index lost 4.86 points to end at 187.39. The average PE Ratio ended at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, 226,663 shares traded for US$6,625 compared to 1,068,673 units at US$33,336 on Wednesday.
Trading averaged 37,777 units at US$1,104, in contrast to an average of 152,668 shares at US$4,762 on Wednesday. Trading for the month to date ended with an average of 60,534 units at US$6,945 in contrast to 62,199 units at US$7,373 on the prior trading day. By comparison, November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading shows one stock ended with a bid higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment fell 1 cent to end at 8 US cents trading 50,000 shares, Proven Investments gained 0.09 of a cent to settle at 25.98 US cents after exchanging 1,020 units. Sygnus Credit Investments rose 0.86 of a cent to 16.56 US cents with investors swapping 2 stock units and Transjamaican Highway fell 0.01 cent in closing at 0.97 of a US cent with an exchange of 175,151 stock units.
In the preference segment, JMMB Group 5.75% lost 1 cent to settle at US$2 in an exchange of 61 stock units and JMMB Group 6% lost 1 cent in ending at 98 US cents after exchanging 429 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.