Trading falls on JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday with the market rising after trading 46 percent fewer shares than on Thursday, resulting in an even number of stocks rising and falling. 
At the close of the market, trading ended with two securities changing hands compared to four on Thursday and closed with the prices of one stock rising, one declining and none remaining unchanged.
The JSE USD Equities Index gained 1.73 points to settle at 197.42. The PE Ratio of the market averaged 13.5 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 44,099 shares, accounting for US$4,635  compared to 82,170 units at US$8,383 on Thursday. The average trade for the day amounts to 22,050 units changing hands at  US$2,318, in contrast to an average of 20,543 shares at US$2,096 on Thursday. Trading ended with an average of 697,808 units for the month to date at US$17,320, in contrast to 714,702 units at US$17,695. 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 four stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Sygnus Credit Investments lost 0.49 of a cent and closed at 13 US cents while exchanging 34,863 shares and Transjamaican Highway rose 0.04 of a cent to end at 0.94 of a US cent, with the trading of 9,236 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com