The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday in another moderate session, with the market declining after investors traded 169 percent more shares than on Tuesday, resulting in more stocks falling than rising.
At the close of the market, trading ended with three securities changing hands compared to five on Tuesday and ended with the price of one stock rising and the prices of two declining.
The JSE USD Equities Index declined by 3.96 points to settle at 181.17, with the average PE Ratio ending at 12.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 624,714 shares, accounting for US$41,209 compared to 232,191 units at US$4,209 on Tuesday.
The average trade for the day amounted to 208,238 units changing hands at US$13,736, in contrast to an average of 46,438 shares at US$842 on Tuesday. Trading ended, with an average of 78,996 units for the month to date at US$4,813 in contrast to 74,209 units at US$4,482. By comparison, July ended with an average of 133,150 units for US$18,282.
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 one with lower offers.
At the close of the market, Proven Investments added 0.46 of a cent to end at 24.01 US cents in an exchange of 450 shares. Sygnus Credit Investments fell half of a US cent in ending at 13 US cents while trading 295,000 stock units and Transjamaican Highway fell 0.11 of a cent and closed at 0.81 of a US cent in an exchange of 329,264 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.