JSE US$ market bounces

Volumes climbed sharply on the JSE US$ market on Wednesday but with a value that was similar to that on Tuesday as five securities changed hands, similar to Tuesday.
At the close, the JSE US Dollar Index advanced by 9.15 points to 188.86. Trading ended with the prices of four stocks rising, one declining and none closing unchanged. The average PE Ratio of the JSE US Dollar Market ended at 13.3 based on IC Insider.com forecasted 2020-21 earnings.
The market closed with an exchange of 168,832 shares, accounting for US$13,590 compared to 60,494 units at US$13,212 on Tuesday. The average trade for the day ended at 33,766 units at US$2,718 in contrast to an average of 12,099 at US$2,642 on Tuesday.
An average of 64,765 shares traded for the July to date, at US$5,489 for each security changing hands. In contrast to 76,698 units at US$6,022. For comparison, June ended with an average of 281,680 units at US$46,735.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment gained nine-tenths of a cent to end at 10 US cents, in exchanging nine units, Productive Business Solutions lost 2 cents and closed at 66 US cents in transferring 100 units. Proven Investments ended at 24.5 US cents, with a gain of half a cent trading 26,429 shares, Sygnus Credit Investments gained 1.9 cents to 15 US cents, after exchanging 41,550 shares and Transjamaica Highway traded 100,744 shares at and added one-tenth of a cent to 0.99 of a cent.

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

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