Increased volume for JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market rising after investors traded 19 times more shares than on Thursday and ten times the value.
At the close of the market, trading ended with three securities changing hands with the prices of one stock rising and two declining. Margaritaville closed at a 52 weeks’ low at the lowest price since early 2018.
The JSE USD Equities Index climbed 2.38 points to settle at 186.15, and the average PE Ratio of the market ended at 12.8 based on IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 704,435 shares, accounting for US$124,817 compared to 36,996 units at US$12,069 on Thursday. An average of 234,812 units traded at US$41,606 on Friday, for each security, in contrast to an average of 6,166 at US$2,011 on Thursday. Trading ended with an average of 133,150 units for the month to date at US$18,282 in contrast to 130,160 units at US$17,596. By comparison, June ended with an average of 281,680 units for US$46,787.
IC bid-offer Indicator| At the end of trading, 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 closing with a lower offer.
At the close of the market, Margaritaville dropped by 2.3 US cents in closing at a 52 weeks’ low of 13.75 US cents with 100 stocks crossing the market. Proven Investments lost 0.045 of a cent and closed at 22.5 US cents in an exchange of 535,644 units and Transjamaican Highway added a fraction of a cent to at 0.98 US cent, and closing with 168,691 units changing hands.

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

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