Trading closed on the US dollar market of the Jamaica Stock Exchange on Thursday, with the market declining after investors traded 25 percent more shares than on Wednesday.
At the close of the market, trading ended with four securities changing hands compared to seven on Wednesday and ended with the prices of no stocks rising, two declining and two remaining unchanged.
The JSE USD Equities Index carved out a loss of 1.51 points to settle at 191.03, with the average PE Ratio of the market ended at 13.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 107,781 shares, accounting for US$20,162 compared to 85,911 units at US$16,117 on Wednesday.
The average trade of 26,945 units changed hands at US$5,040, in contrast to an average of 12,273 shares at US$2,302 on Wednesday. Trading ended at an average of 45,925 units for the month to date at US$3,862 in contrast to 47,776 units at US$3,747 on Wednesday. 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 shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment closed at 9 US cents after exchanging 57,000 shares, Proven Investments half of 1 US cent to settle at 24 US cents with investors swapping 32,826 shares and Sygnus Credit Investments shed seven-tenths of a US cent and ended at 16 US cents with an exchange of 12,955 stock units.
In the preference segment of the market, JMMB Group 6% closed unchanged at US$1 after exchanging 5,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
USD Market closed on higher volume
August 13, 2020 by
