The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after investors traded 57 percent fewer shares than Thursday.
Trading ended with four securities changing hands compared to four on Thursday and ended with the prices of one stock rising, one declining and two remaining unchanged.
The JSE USD Equities Index shed 2.25 points to settle at 188.78, and the average PE Ratio of the market ended at 13.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 46,025 shares, accounting for US$13,692 compared to 107,781 units at US$20,162 on Thursday.
The average trade of 11,506 units changing hands atUS$3,423 on Friday, in contrast to an average of 26,945 shares, at US$5,040on Thursday. Trading ended, with an average of 43,115units for the month to date at US$3,826 in contrast to 45,925 units at US$3,862. 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 JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and no with lower offers.
At the close of the market, First Rock Capital Investment traded 1,475 stocks at 9 US cents, Proven Investments remained at 24 US cents, with investors switching ownership of 38,400 stock units and Transjamaican Highway ended trading on Thursday at 0.093 cents and closed at 0.092 of a US cent, with 3,750 units changing hands.
In the preference segment, JMMB Group 5.75% gained 4 cents to close at US$2.05 after trading 2,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
