The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market slipping after investors traded 51 percent fewer shares than on Wednesday.
At the close of the market, trading ended with four securities changing hands similar to Wednesday and ended with the price of two stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index sheds 2.96 points to settle at 183.44, with the average PE Ratio ending at 12.7 based on IC Insider.com forecast of 2020-21 earnings. The market closed with an exchange of 809,269 shares, accounting for US$22,929 compared to 33,794 units at US$3,639 on Wednesday.
The average trade for the day amounted to 202,317 units changing hands at US$5,707, in contrast to an average of 8,449 shares at US$910 on Wednesday. Trading ended, with an average of 80,789 units for the month to date at US$3,177 in contrast to 11,346 units at US$1,731. 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 two stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment carved out a gain of 0.92 of a US cent, ending at 8.95 US cents with 433 units changing hands, Proven Investments gained 0.80 of a cent trading 31,400 shares at 24.8 US cents. Sygnus Credit Investments traded 48,700 shares in closing at 13.5 US cents and Transjamaican Highway ended at 1 US cent in exchanging 708,836 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.