Jamaica Stock Exchange, US dollar market, lost ground on Friday with the market dropping 5.58 points to 186.97 as six securities changed hands, with two declining and four finishing unchanged.
Friday’s decline brings the year to date loss to 17.4 percent as a number of the stocks pulled back from the highs they were trading at earlier in the year. At the close of trading, the PE ratio of the market ended with an average of 13.0 times 2020 earnings.
Market activity resulted in 1,343,277 units trading with a value of US$36,373, in contrast to 851,302 units for US$82,312 on Thursday.
In trading activity, First Rock Capital transferred 4,427 units at 9 US cents, Margaritaville Turks traded 3,000 units at 18 US cents, Proven Investments loss of 0.3 of a cent and closed at 22.5 US cents with an exchange of 101,304 shares. Sterling Investments lost 0.3 of a cent in swapping 4,331 units to end at 2 US cents, Sygnus Credit Investments traded 10,918 stock units at 13 US cents and Trans Jamaican Highway was unchanged at 1 US cent transferring 1,219,297 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
