Volume down prices up on JSE USD Market

Trading volume dropped with 94.15 percent fewer shares changing hands than on Thursday, with the prices of more stocks rising than falling at the close of the US dollar market of the Jamaica Stock Exchange on Friday.
For a second consecutive day, trading ended with four securities changing hands and ended, with the prices of two stocks rising, one declining and one remaining unchanged.
JSE USD equity index gained 4.62 points to end at 193.61, with the average PE Ratio ended at 14 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading accounted for 45,271 shares at US$1,924 compared to 773,965 units at US$7,492 on Thursday.
Trading averaged 11,318 units changing hands at US$481 versus 193,491 shares at US$1,873 on Thursday. Trading month to date, averaged 57,399 units at US$3,521 in contrast to 68,241 units at US$4,237 on Thursday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling price and one with a lower offer.
At the close of trading, First Rock Capital Investment shed 0.08 of a cent to end at 8.9 US cents in exchanging 380 shares, Proven Investments gained 3.68 cents to close at 25.69 US cents, trading 1,431 stock units. Sterling Investments gained 0.02 of a cent and ended at 2.4 US cents, with 40,000 stock units crossing the market and  Sygnus Credit Investments remained at 16.5 US cents in exchanging 3,460 stock units.

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

About IC Insider.com