Volume rise, value falls on JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after investors traded 172 percent more shares than on Thursday, but with a much lower value resulting in an even number of stocks rising and falling. 
At the close of the market, trading ended with four securities changing hands compared to three on Thursday and ended with the prices of two stocks rising and two declining. The JSE USD Equities Index dropped 1.65 points to settle at 186.85, with the average PE Ratio ending at 12.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 553,018 shares, accounting for  US$8,738 compared to 203,639 units at US$55,318 on Thursday.
The average trade for the day amounted to 138,255 units changing hands at  US$2,185, in contrast to an average of 67,880 shares at US$18,439  on Thursday. Trading ended, with an average of 91,342  units for the month to date at US$11,799 in contrast to 88,161 units at US$12,429. By comparison,  August ended with an average of 83,402  units for US$7,526.
IC bid-offer Indicator| At the end of trading, the  Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, Productive Business Solutions advanced 5 US cents in closing at 75 US cents in trading 3,280 stock units, Proven Investments advanced 1 US cent and ended at 26 US cents exchanging 2,200 stocks. Sygnus Credit Investments lost eight-tenths of a cent and settled at 13.5 US cents in clearing the market with 9,670 stocks and Transjamaican Highway fell 1.3 cents to close at 0.81 of a US cent, with 537,868 stock units passing through the market.

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

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