The US dollar market of the Jamaica Stock Exchange closed trading on Wednesday, with the market declining after investors traded 292 percent more shares than on Tuesday, resulting in no price gain and an even number of stocks falling than and unchanged.
At the close of the market, trading ended with two securities changing hands compared to three on Tuesday and ended with the price of one declining and one remaining unchanged. The JSE USD Equities Index lost 0.68 points to settle at 193.85, with the average PE Ratio ending at 12.9 based on IC Insider.com forecast of 2020-21 earnings. The market closed with an exchange of 37,232 shares, for US$13,216 compared to 9,507 units at US$2,513 on Tuesday. At the close, the average trade was 18,616 units at US$6,608, in contrast to an average of 3,169 shares at US$838 on Tuesday. Trading ended, with an average of 94,722 units for the month to date at US$13,863 in contrast to 99,335 units at US$14,302. 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, Sygnus Credit Investments lost 1.4 US cents in closing at 13 US cents, exchanging 28,232 shares and in the preference segment of the market, JMMB Group 6% remained at US$1.05, in trading 9,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
