Increased trading on JSE USD Market – Wednesday

Trading picked up on Wednesday, with the volume shares changing hands jumping 51 percent after 67 percent more funds entered the market than on Tuesday and resulted in an even number of stocks rising and falling, but ended, with the JSE USD market slipping at the close.
Trading ended with four securities changing hands compared to five on Tuesday, with prices of two stocks rising and two declining. TheUS Denominated Equities Index lost 1.64 points to end at 189.15. The PE Ratio, a measure used in computing appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, 978,654 shares traded for US$233,868, up from 648,588 units at US$140,414 on Tuesday. Trading averaged 244,664 units at US$58,467, from 129,718 shares at US$28,083 on Tuesday. Trading month to date averages 102,066 units at US$12,703, up from 92,399 units at US$9,601 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and one with a lower offer.
At the close, First Rock Capital gained 0.05 of a cent to finish at 7.05 US cents with an exchange of 3,700 shares, Proven Investments rose 0.1 of one cent to 24.1 US cents with 971,746 stock units changing hands, Sygnus Credit Investments JMD fell 1.05 cents to settle at 14.5 US cents with 8 stocks traded and Sygnus Credit Investments USD lost 0.17 cents to end at 12.03 US cents with 3,200 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.