JSE USD market slips on lower volume

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market declining after 54 percent fewer shares changed hands than on Wednesday, resulting in more stocks falling than rising. 
At the close of the market, trading ended with five securities changing hands compared to two on Wednesday and ended with the prices of one stock rising, two declining and two remaining unchanged.
The JSE USD Equities Index declined by 0.91 points to settle at 192.94, with the average PE Ratio ending at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 20,101 shares, accounting for US$32,755  compared to 37,232 units at US$13,216 on Wednesday.
The average trade for the day amounted to 4,020 units changing hands at  US$6,551, in contrast to 18,616 shares at US$6,608 on Wednesday. Trading ended, with an average of 83,384 units for the month to date at US$12,949 in comparison to 99,335 units at US$14,302. By contrast, 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 ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment lost 0.01 of a cent and closed at 8.99 US cents, with 175 units passing through the market. Sygnus Credit Investments gained half a US cent to end at 13.5 US cents, with 376 stock units changing hands and Transjamaican Highway lost 0.02 of a cent and ended at 0.88 of a US cent, trading of 2,150 stock units.
In the preference segment of the market, JMMB Group 5.75% settled at US$2.01, trading 15,000 stocks and JMMB Group 6% settled at US$1.05 and cleared the market with 2,400 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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