Slippage in JSE USD market

Trading in the US dollar market of the Jamaica Stock Exchange closed trading on Friday with limited activity with the market declining for a second day after trading 79 percent fewer shares than on Thursday and values falling 49 percent. 
At the close of the market, trading ended with two securities changing hands compared to six on Thursday and closed with the prices of two declining.
The JSE USD Equities Index shed 1.87 points to settle at 192.70. The average PE Ratio is 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market continues to trade well below the average activity in October, with an exchange of 43,973 shares accounting for US$9,230 on Friday, compared to 206,695 units at US$18,236 on Thursday. The average trade amounts to 21,987 units changing hands at US$4,615, in contrast to an average of 34,449 shares at US$3,039 on Thursday. Trading ended with an average of 48,653 units for the month to date at US$5,441, compared to 49,514 units at US$5,468. By comparison, October ended with an average of 697,808 units for US$17,320.
The Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment lost 0.05 of a cent to end at 8.6 US cents, with investors swapping 10,800 stock units and Proven Investments declined by 2.77 US cents to settle at 23.22 US cents after trading 33,173 shares.

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

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