The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market declining after trading 20 times more shares than the extremely low volume on Tuesday.
At the close of the market, trading ended with five securities changing hands compared to six on Tuesday and closed with the price of two stocks rising, none declining and three remaining unchanged.
The JSE USD Equities Index dropped 2.22 points to settle at 199.70. The PE Ratio of the market averaged 13.7 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 225,878 shares, accounting for US$169,536 compared to 11,325 units at US$786 on Tuesday. The average trade for the day amounts to 45,176 units changing hands at US$33,907, in contrast to an average of 1,888 shares at US$131 on Tuesday. Trading ended with an average of 751,236 units for the month to date at US$18,516, in contrast to 800,959 units at US$17,432. By comparison, September ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment rose 0.041 of a cent to settle at 7.42 US cents, with 4,000 units changing hands, Margaritaville closed at 15 US cents after exchanging 580 units. Proven Investments remained at 27.95 US cents after finishing with a transfer of 75,352 shares and Sterling Investments ended at 2.75 US cents, with 146 units crossing the market.
In the preference segment of the market, Eppley 5% preference shares rose 3 US cents to settle at US$1.03, in exchanging 145,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
