Trading plunged on JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market just barely slipping after investors traded much fewer shares than on Thursday.
At the close of the market, trading ended with four securities changing hands compared to six on Thursday and ended with the prices of one stock rising, three declining and none remaining unchanged.
The JSE USD Equities Index declined by just 0.10 points to settle at 185.97, with the average PE Ratio ending at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 71,410 shares and US$56,041   compared to 1,071,941 units at US$250,003 on Thursday.
The average trade for the day amounted to 17,853 units changing hands at  US$14,010, in contrast to an average of 178,657 shares at  US$41,667 on Thursday. Trading ended, with an average of 82,755  units for the month to date at US$7,556, in contrast to 85,640 units at  US$7,270. 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 one with lower offers.
At the close of the market, First Rock Capital Investment lost 0.05 of a cents and ended at 9.5 US cents, with investors switching ownership of 2,200 shares and Proven Investments lost eight-tenths of a US cent in ending at 24 US cents and trading 43,960 stock units.
In the preference segment of the market, JMMB Group 5.75% fell 4 US cents to close at US$2.01, with investors swapping 19,400 units and JMMB Group 6% climbed 15 US cents to close at US$1.15, with 5,850 shares changing hands.

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

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