Trading on the US dollar market of the Jamaica Stock Exchange continued to be subdued with just three securities changing hands, compared to two on Wednesday closed trading on Thursday with the price of one stock rising and two declining after trading 47 percent fewer shares than on Wednesday.
The JSE USD equity index fell 0.43 points to 187.40 points as the average PE Ratio ended at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 151,769 shares, accounting for US$3,664 compared to 284,861 units at US$3,564 on Wednesday. Trading averaged 50,590 units changing hands at US$1,221, in contrast to an average of 142,431 shares at US$1,782 on Wednesday. Trading ended with an average of 42,733 units for the month to date at US$5,369, in contrast to 41,972 units at US$5,770 on Wednesday. By comparison, November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment lost 0.2 of a cent to 8.8 US cents trading 3,000 shares, Proven Investments gained 0.11 of a cent to close at 25.98 US cents in exchanging 8,769 stock units and Transjamaican Highway shed 0.10 of a cent to close at 0.8 US cents, with 140,000 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.