The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market rising after trading 83 percent fewer shares than on Wednesday, resulting in an even number of stocks rising and declining.
At the close of the market, trading ended with four securities changing hands compared to three on Wednesday and closed with the prices of one stock rising, one declining and two ending unchanged.
The JSE USD Equities Index advanced 5.46 points to settle at 193.74. The PE Ratio of the market averaged 13.6 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 18,586 shares, accounting for US$1,232 compared to 108,539 units at US$11,424 on Wednesday. Trading for the day averaged 4,647 units changing hands at US$308, in contrast to an average of 36,180 shares at US$3,808 on Wednesday. Trading ended with an average of 16,189 units for the month to date at US$1,646, in contrast to 19,074 units at US$1,980. By comparison, October ended with an average of 697,808 units for US$17,320.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ending with a bid higher than its last selling price and one with a lower offer.
At the close of the market, First Rock Capital Investment ended at 8.65 US cents trading 3,000 stock units, Proven Investments gained 0.84 of a US cent in ending at 24 US cents, with an exchange of 890 units and Transjamaican Highway lost 0.06 of a cent to close at 0.88 US cents, with investors swapping 14,396 shares.
In the preference segment, JMMB Group 5.75% remained unchanged at US$2.05, exchanging 300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
