Stocks mostly rose on the US dollar market of the Jamaica Stock Exchange at the close of trading on Friday after trading 546 percent more shares than on Thursday, as Sygnus Credit Investments with more than 650,000 shares and Transjamacian traded more than 400,000 units pushed up the volume of shares that changed hands.
Sygnus Credit Investments hit new highs in the US market.
Trading ended with four securities changing hands compared to five on Thursday and closed with prices of three stocks rising, none declining and one remained unchanged.
The JSE USD Equities Index shed 2.05 points to settle at 193.73. The average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,125,027 shares, accounting for US$106,525 compared to 174,197 units at US$30,301 on Thursday. The average trade amounts to 281,257 units changing hands at US$26,631, in contrast to an average of 34,839 shares at US$6,060 on Thursday.
Trading ended with an average of 43,798 units for the month to date at US$5,653, in contrast to 22,210 units at US$3,746. October ended well above November’s average, with an average of 697,808 units for US$17,320.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment added 0.01 of a cent and ended at 8.64 US cents, with the swapping of 1,962 units, Proven Investments gained 0.65 of a cent to close at 25.95 US cents, after an exchange of 25,526 stock units, Sygnus Credit Investments gained 1.92 US cents to settle at 16.42 US cents trading 659,560 shares and Transjamaican Highway was unchanged at 0.9 of a US cent, with 437,979 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
