Slightly improved JSE USD trading

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market declining moderately after trading 2,381 percent more shares than on Wednesday, resulting in more stocks falling than rising. 
At the close of the market, trading ended with five securities changing hands compared to two on Wednesday and closed with the price of one stock rising, two declining and two remaining unchanged.
The JSE USD Equities Index declined by 1.24 points to 191.22, with the average PE Ratio ending at 12.9 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 19,696  shares, accounting for US$9,715 compared to 794 units at US$454 on Wednesday. The average trade for the day amounted to 3,939 units changing hands at US$1,943, in contrast to an average of 397 shares at US$227 on Wednesday. Trading ended with an average of 982,492 units for the month to date at  US$16,740, in contrast to 1,078,429 units at US$18,191. By comparison, September ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than the last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained one-tenth of a cent and closed at 9 US cents, after exchanging 9,051 shares, Margaritaville closed at 15 US cents, trading 906 units. Proven Investments lost half a cent, to close at 26.5 US cents, with 1,000 stock units changing hands and Sygnus Credit Investments closed at 13.5 US cents, in exchanging 739 units.
In the preference segment of the market, JMMB Group 6%  shed 13 US cents to settle at US$1.05, with 8,000 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com