Declining stocks dominated the US dollar market of the Jamaica Stock Exchange on Wednesday as the market declined after trading 85 percent more shares than on Tuesday, with a 262 percent increase in value.
Trading ended with six securities changing hands, compared to six on Tuesday and ended with the price of no stock rising, five declining and one remaining unchanged.
JSE USD Equity Index lost 3.93 points to end at 197.94. The average PE Ratio ends at 13.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,020,891 shares, for US$126,246, up from 550,872 units at US$34,835 on Tuesday.
Trading averaged 170,149 units changing hands at US$21,041, in contrast to 91,812 shares at US$5,806 on Tuesday. Trading averaged 102,325 units for the month to date at US$11,115 compared to 65,331 units at US$5,701 on Tuesday. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital shed 0.76 of a cent to close at 8.01 US cents with the swapping of 20,238 stocks, Proven Investments declined by 0.95 of a cent in closing at 26 US cents with 148,623 stock units changing hands. 
The Jamaican dollar-denominated Sygnus Credit Investments stock fell 0.8 of a cent to close at 12 US cents after trading one share. Sygnus Credit Investments lost 1 cent in closing at 15 US cents with the swapping of 551,927 stock units and Transjamaican Highway fell 0.09 of a cent and ended at 0.9 of a US cent in exchanging 300,052 units.
In the preference segment, Equityline Mortgage Investments preference share closed at US$1.96 in exchanging 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Over 80% of traded JSE USD stocks fall
February 3, 2021 by
