The volume of stocks trading on the Jamaica Stock Exchange US dollar market jumped nearly six times that on Thursday with value climbing sharply as well.
Proven Investments had the most stocks trading on Friday.
Trading ended with five securities changing hands with the prices of two stocks rising, none declining and three remaining unchanged, leaving the JSE US Index with a gain of 0.56 points to 185.42.
The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 911,996 shares, accounting for $186,648 compared to 156,430 units at $14,081 on Thursday.
An average of 182,399 shares traded on Friday at US$37,330 for each security, in contrast to an average of 26,072 at $2,347 on Thursday. An average of 143,274 units changed hands for the month to date, at $21,367 each, in contrast to 139,781 units at US$19,942 on Thursday. In contrast, June closed with an average of 281,680 shares at US$46,787.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and 0 with lower offers.
At the close of the market, First Rock Capital Investment closed at 9 cents trading 4,660 units, JMMB Group 5.75% preference share remained at $1.50 with investors swapping 343 stock units, Proven Investments gained 1.5 cents to close at 25 US cents with 804,651 units changing hands. Sygnus Credit Investments ended at 15 cents with investors switching ownership of 8,090 units and Transjamaican Highway gained one-tenth of a cents and closed at 0.99 of a US cent in an exchange of 94,252 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
