The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after investors traded 186 percent more shares than on Thursday, resulting in slightly more stocks falling than rising.
At the close of the market, trading ended with four securities changing hands compared to seven on Thursday and ended with the prices of one stock rising, two declining and one remaining unchanged.
The JSE USD Equities Index lost 5.45 points and ended at 185.83. The average PE Ratio ended at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,066,713 shares, accounting for US$41,830 compared to 373,392 units at US$26,297 on Thursday.
The average trade for the day amounted to 266,678 units changing hands at US$10,458, in contrast to an average of 53,342 shares at US$3,757 on Thursday. Trading ended, with an average of 80,051 units for the month to date at US$4,184 in contrast to 68,740 units at US$3,803. By comparison, July ended with an average of 133,150 units for US$18,282.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, First Rock Capital rose 0.45 of a cent, to 9.5 US cents, in trading 1,411 stocks. Sygnus Credit Investments dropped 1 US cent to end at 14.03 US cents, in an exchange of just two shares and Transjamaican Highway lost 0.13 of a cent and closed at 0.84 of a US cent, with investors switching ownership of 1,032,300 stocks.
In the preference segment of the market, JMMB Group 6% remained at US$1, trading 33,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.