Trading in more JSE USD companies

Market activity on Thursday led to the trading of shares in more companies on the US dollar market of the Jamaica Stock Exchange than Wednesday, but the market declined after the total volume fell 70 percent from the previous day.
At the close of the market, six securities changed hands compared to four on Wednesday and closed with the prices of two stocks rising, two declining and two remaining unchanged.
The JSE USD Equities Index declined by 0.99 points to settle at 194.57. The average PE Ratio ended at 13.8 based on’s forecast of 2020-21 earnings.
Trading resulted in an exchange of 206,695 shares for US$18,236 compared to 700,105 units at US$38,808 on Wednesday. The average trade amounts to 34,449 units at US$3,039, in contrast to an average of 175,026 shares at US$9,702 on Wednesday. Trading ended with an average of 49,514 units for the month to date at US$5,468, in contrast to 51,128 units at  US$5,728 on Wednesday. By comparison, October ended with an average of 697,808 units for US$17,320.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Margaritaville traded 100 shares at 13 US cents, MPC Caribbean Clean Energy settled at US$1.15, in exchanging 52 units. Proven Investments lost 0.09 of a cent and ended at 25.99 US cents trading 16,244 stocks, Sygnus Credit Investments shed 1.01 US cents to close at  15.99 US cents, with 90,118 units changing hands and Transjamaican Highway gained 0.04 of a cent to end at 0.89 of a US cent after exchanging 100,000 shares.
In the preference segmentEppley 5% preference share lost 1 US cent to end at US$1.02, with the trading of 181 units.

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


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