Trading volume plunged 64 percent on Thursday as investors exchanged just five percent of Wednesday’s trading activities on the Jamaica Stock Exchange US Dollar Market.
At the close of the market, trading ended with four securities changing hands compared to five on Wednesday with the prices of one stock rising, two declining and one remaining unchanged.
The JSE USD Equities Index fell by 4.01 points to settle at 195.69, while the PE Ratio averaged 13.5 based on the ICInsider.com forecast of 2020-21 earnings.
Trading closed with an exchange of 82,170 shares, for a mere US$8,383 versus 225,878 units at US$169,537 on Wednesday. The average trade for the day amounts to 20,543 units at US$2,096, in contrast to an average of 45,176 shares at US$33,907 on Wednesday. Trading ended with an average of 714,702 units for October to date at US$17,695, in contrast to 751,236 units at US$18,516. By comparison, September closed with an average of 84,017 units for US$10,590.
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 none with lower offers.
At the close of the market, Proven Investments lost 0.95 of a cent in closing at 27 US cents, with 26,848 shares passing through the market, Sterling Investments gained one-tenth of a cent to end at 2.85 US cents after 280 units crossed the exchange, Sygnus Credit Investments was unchanged at 13.49 US cents trading 5,029 stock units and Transjamaican Highway slipped 0.08 of a cent and closed at 0.9 of a US cent, in exchanging 50,013 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
