The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after trading 48 percent more shares than on Thursday, resulting in the prices of more stocks rising than falling.
At the close of the market, trading ended with four securities changing hands compared to three on Thursday and ended with the prices of two stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index dipped 4.16 points to settle at 197.05, with the average PE Ratio ending at 13 based on the IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 602,952 shares, for US$128,445, compared to 408,238 units at US$6,204 on Thursday.
The average trade for the day amounted to 150,738 units changing hands at US$32,111, in contrast to an average of 136,079 shares at US$2,068 on Thursday. Trading ended, with an average of 78,135 units for the month to date at US$12,965, in contrast to 66,034 units at US$9,774 on Thursday. 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 two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment carved out a loss of 1.79 US cents in ending at 7.21 US cents, with 9,925 shares changing hands, Proven Investments gained 0.08 of a cent to end at 29.80 US cents with an exchange of 455,441 stock units. Sygnus Credit Investments closed the trading of 13,281 shares at 14.35 US cents and Transjamaican Highway added 0.02 of a cent to close at 0.092 of a US cent with investors switching ownership of 124,305 units of stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.