The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with remaining unchanged after investors traded just half of the shares exchanged on Thursday.
At the close of the market, trading ended with three securities changing hands compared to two on Thursday and ended with the prices of the stocks remaining unchanged.
The JSE USD Equities Index settled at 183.44, without change and the average PE Ratio ended at 12.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 398,737 shares, accounting for US$4,700 compared to 809,269 units at US$ 22,829 on Thursday. The average trade for the day amounted to 132,912 units changing hands at US$1,567, in contrast to an average of 115,610 shares at US$3,261 on Thursday. Trading ended with an average of 75,731 units for the month to date at US$2,332, in contrast to 63,478 units at US$2,496. 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 their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment traded 4,806 to settle at 9 US cents, Proven Investments ended unchanged at 24.8 US cents, after exchanging 4,431 stock units and Transjamaican Highway ended at 0.81 US cent, with 389,500 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
