The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market declining after traded over 1,460 percent more shares than on Tuesday, resulting from trading just two securities similar to Tuesday with the price of one rising and one remaining unchanged.
The JSE USD Equities Index lost 1.49 points to settle at 181.82, with the average PE Ratio ending at 13.2 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 302,184 shares, accounting for US$71,447 compared to 19,285 units at US$4,431 on Tuesday.
The average trade for the day amounted to 151,092 units changing hands for US$35,724, in contrast to an average of 9,643 shares at US$2,216 on Tuesday. Trading ended, with an average of 85,243 units for the month to date at US$6,125 in contrast to 77,296 units at US$2,643. 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 two stocks ending with bids higher than its last selling prices and one with lower offers.
At the close of the market, Proven Investments closed at 24.8 US cents, with 291,183 shares crossing the market and Sygnus Credit Investments gained 1.4 US cents to end at 14.9 US cents with an exchange of 11,001 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
