Big drop in JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after a massive increase of 8,204 percent more shares traded than on Thursday as Proven Investments dominated with 1.4 million shares.

Proven Investments traded the most stocks on Friday.

Five securities changed hands similar to Thursday, with the price of one rising, two declining and two remaining unchanged at the close of the market.
The JSE USD Equities Index plunged 14.16 points to 177.06, with the average PE Ratio ending at 13.1 based on the forecast of 2020-21 earnings.
The market closed with an exchange of 1,635,494 shares, accounting for US$294,978  compared to just 19,696 units at US$9,715 on Thursday.
The average trade for the day amounted to 327,099 units changing hands at  US$58,996,  in contrast to an average of 3,939 shares at US$1,943  on Thursday. Trading ended with an average of  928,771  units for the month to date at US$20,204, in contrast to 982,492 units at US$16,740. By comparison, September ended with an average of  84,017 units for US$10,590.
At the close of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than its last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment settled at 9 US cents, with an exchange of 1,316 shares Margaritaville closed at 15 US cents, after trading 1,290 units, Proven Investments lost half a cent to end at 26 US cents, clearing the market with 1,420,731 shares. Sygnus Credit Investments closed at 13.08 US cents, with a loss of four-tenths of a cent ending as investors swapped 5,792 stock units and Transjamaican Highway lost one-tenth of a cent end at 0.93 of a US cent, in exchanging 206,365 shares.

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

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