The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market slipping after investors traded 854 percent more shares than on Tuesday, resulting in more stocks falling than rising.
At the close of the market, trading ended with five securities changing hands compared to two on Tuesday and ended with the prices of one stock rising, two declining and three remaining unchanged.
The JSE USD Equities Index shed 0.39 points to settle at 185.87, with the average PE Ratio of the market ending at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 331,320 shares, accounting for US$9,823 compared to 34,727 units at US$7,273 on Tuesday.
The average trade for the day ended at 66,264 units changing hands at US$1,965, in contrast to an average of 17,364 shares at US$3,636 on Tuesday. Trading ended at an average of 70,567 units for the month to date at US$3,809 in contrast to 70,965 units at US$3,980 on Tuesday. 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 shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, Proven Investments climbed 0.55 US cent ending at 23.55 US cents, with 20,070 shares crossing the exchange, 
Sterling Investments carved out a loss half a US cent in closing at 2.2 US cents in an exchange of 59,500 units. Sygnus Credit Investments remained at 15 US cents, with 350 stocks changing hands and Transjamaican Highway slipped from 0.85 cent to 0.84 of a US cent in exchanging 250,000 stocks.
In the preference segment of the market, JMMB Group 6% settled at US$1 and clearing the market with 1,400 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market trading jumps 854%
August 19, 2020 by
