The majority of stocks rose on the Jamaica Stock Exchange US dollar market on Friday, with the market index rising after moderate trading, with 56 percent more shares changing hands than on Thursday.
At the close of the market, trading ended with four securities changing hands compared to four on Thursday and ended with two stock prices rising, one declining and one remaining unchanged.
The JSE USD Equities Index advanced 2.65 points to 196.39. The PE Ratio closed with an average of 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 28,919 shares at US$4,294 compared to 18,586 units at US$1,232 on Thursday. The average trade amounts to 7,230 units changing hands at US$1,074, in contrast to an average of 4,647 shares at US$308 on Thursday. Trading ended with an average of 14,696 units for November to date at US$1,550 versus 16,189 units at US$1,646. 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 bids higher than its last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment declined by 1.55 US cents to end at 7.1 US cents trading 20,498 shares, Proven Investments carved out a gain of 3 US cents to settle at 27 US cents, with 6,049 stock units changing hands and Transjamaican Highway rose a fraction of a cent and closed at 0.9 US cent, with 1,372 units crossing the exchange.
In the preference segment, JMMB Group 6% preference share settled at US$1.05 after exchanging 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.