Just two stocks traded on the US dollar market of the Jamaica Stock Exchange on Wednesday, with the market index declining 4.18 points to 187.83 after trading more than eight times the shares exchanged on Tuesday.
Trading ended with two securities changing hands at the close, compared to five on Tuesday and ended with the price of one stock
rising and one remaining unchanged.
The average PE Ratio ended at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed after exchanging 284,861 shares at US$3,564 compared to 33,333 units at US$6,866 on Tuesday. Trading averaged 142,431 units at US$1,782, compared to an average of 6,667 shares at US$1,373 on Tuesday. Trading ended with an average of 41,972 units for the month to date at US$5,770 in contrast to 35,044 units at US$6,046. By comparison, November ended with an average of 51,134 units for US$4,516.
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 a lower offer.
At the close of the market, Sterling Investments advanced 0.25 of a cent to end at 2.35 US cents after trading 81,561 units and Transjamaican Highway remained at 0.9 of a US cent in exchanging 203,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.