Trading fell 74 percent at the close of the market on Wednesday than Tuesday as the US dollar market of the Jamaica Stock Exchange closed with the market index rising even as the prices of more stocks falling than rising.
At the close of the market, trading ended with three securities changing hands compared to five on Tuesday and closed with the price of one stock rising and two stocks declining.
The JSE USD Equities Index gained 0.52 points to settle at 187.80, with the average PE Ratio ending at 12.9 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 135,825 shares, accounting for US$9,628 compared to 516,236 units at US$127,632 on Tuesday.
The average trade for the day amounted to 45,275 units changing hands at US$3,209, in contrast to an average of 103,247 shares at US$25,526 on Tuesday. Trading ended with an average of 89,248 units for the month to date at US$12,107 in contrast to 91,737 units at US$12,611. By comparison, August ended with an average of 83,402 units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, Proven Investments lost 1 US cent in closing at 24 US cents in exchanging 33,815 shares, Sygnus Credit Investments lost 0.01 cent ended at 13.01 US cents trading 2,010 units and Transjamaican Highway rose 0.04 of a cent to close at 0.94 US cent, with investors switching ownership of 100,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
