Trading on the USD market ended on Wednesday with the JSE US Denominated Equities Index slipping 2.40 points to end at 182.89 after a transfer of 94 percent fewer shares for 93 percent less the value than on Tuesday, resulting from more stocks declining than rising.
Five securities changed hands, compared to six on Tuesday with none rising, three declining and two remaining unchanged.
The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 31,247 shares traded for US$686, down from 511,853 units at US$9,997 on Tuesday. Trading averaged 6,249 units at US$137, in contrast to 85,309 shares at US$1,666 on Tuesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and two with lower offers.
At the close, Margaritaville remained at 9 US cents with 2,000 shares traded, Proven Investments fell 0.4 of a cent to 23.5 US cents with 1,050 stocks changing hands, Sygnus Credit Investments JMD stock settled at 12.2 US cents with 3 units changing hands. Sygnus Credit Investments USD stock lost 0.3 of a cent to settle at 12.7 US cents with investors switching ownership of 194 units and Transjamaican Highway declined by 0.09 of a cent to 0.81 US cents with 28,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.