The US dollar market of the Jamaica Stock Exchange closed trading on Monday, with the market declining moderately after investors traded just one security compared to three on Friday and ended with the price slipping.
The JSE USD Equities Index declined by 0.91 points to settle at 182.53, with the average PE Ratio ending at 12.5 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 10,719 shares, accounting for US$863 compared to 398,73 units at US$4,700 on Friday.
The average trade for the day amounted to 10,719 units changing hands at US$863, in contrast to an average of 132,912 shares at US$1,567 on Friday. Trading ended, with an average of 86,543 units for the month to date at US$2,700, in contrast to 91,959 units at US$2,832. 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 three 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 lost 0.9 of a US cent to close at 8.05 US cents with 10,719 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.