Market activity plunged in Friday’s trading following a 79 percent decline in the number of shares passing through the market compared to Thursday, as just 95,711 shares changing hands for US$37,218, down from 455,961 units at US$32,480 on Thursday, on the US dollar market of the Jamaica Stock Exchange.
Just five securities traded on Friday, compared to six on Thursday, with two rising, two declining and one remaining unchanged.
The JSE USD Equity Index lost 0.20 points to end at 200.95. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 19,142 units at US$7,444, in contrast to 75,994 shares at US$5,413 on Thursday. Trading averaged 104,015 units for the month to date at US$5,247 in contrast to 112,502 units at US$5,028 on Thursday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and two with lower offers.
At the close, 200 shares of First Rock Capital traded at 9 US cents, Margaritaville shed 0.97 of a cent to close at 8.03 US cents with an exchange of 53,643 stock units, Proven Investments slipped 0.01 of a cent to close at 25.98 US cents while exchanging 8,690 stock units and Sygnus Credit Investments rose 0.2 of a cent to 15.2 US cents after 20,278 shares crossed the exchange.
In the preference segment, JMMB Group 5.75% traded 12,900 shares and advanced 8 cents to US$2.10.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
