JSE US dollar market ends week quietly

JSE US dollar market ends week quietly as two stocks recorded price changes. The new listing at the start of the week Trans Jamaican Highway dominated trading from its listing on Tuesday. It continued its dominance of the JSE US dollar market on Friday, accounting for 92.6 percent of the day’s volume, with the price remaining unchanged at the close.
At the close of trading, five securities changed hands, accounting for 2,129,328 units exchange for a value of US$64,366, in contrast to 5,389,685 units for $89,826 on Thursday. The market Index advanced 0.60 points to close at 197.53, with a loss of 12.7 percent for the year to date. The average PE ratio for US dollar-listed stocks is 20.7 times 2019 earnings but with the typical average being just under 14 when excluding the large ones.
In Trading, First Rock Capital shed 0.6 of a cent in trading 37,750 units to finish at 8.4 US cents, JMMB Group 6% preference share traded 15,000 units at US$1, Proven Investments ended at 24 US cents, with 83,966 shares changing hands. Sygnus Credit Investments fell 1 cent to close at 12 US cents, after swapping 33,122 units and Trans Jamaican Highway exchanged 2,129,328 units and closed at the listing price of 1 US cent but traded at an all-time intraday high of 1.09 US cents.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

About IC Insider.com