Trading on Wednesday dropped back to more subdued levels with an exchange of 95 percent fewer shares than the relatively heavy trading on Tuesday with the value plunging 56 percent and resulting in declining stocks just outnumbering rising ones at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with five securities changing hands, compared to eight on Tuesday with the prices of one stock rising, two declining and two remaining unchanged.
The JSE USD Equities Index slipped 0.28 points to 197.05. The average PE Ratio ended at 12.3 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 129,505 shares traded for US$12,398, down from 2,508,722 units at US$28,103 on Tuesday.
Trading averaged 25,901 units at US$2,480, in contrast to 313,590 shares at US$3,513 on Tuesday. Trading month to date averaged 202,941 units at US$3,115. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling price and one with a lower offer.
At the close, First Rock Capital had an exchange of 44,814 shares at 8.99 US cents, Productive Business Solutions had trading of 9 stock units at 80 US cents, Proven Investments lost 0.1 of a cent to end at 25.9 US cents with 21,708 units changing hands. Sterling Investments slipped 0.01 of a cent to 2 US cents with a transfer of 52,000 stocks and Sygnus Credit Investments rose 0.48 of a cent to close at 15.49 US cents with 10,974 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.