JSE US$ market slips on Monday

The JSE US dollar market closed on Monday with moderate trading with prices falling, leading to a reduction in the US dollar market Index slipping 2.99 points to close at 185.85.
Trading ended on Monday with four securities changing hands, the same that traded on Friday. At the close, there was no stock ended with an increase in prices, while the prices of two declined and the prices of two closed unchanged. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 139,745 shares at $10,734 compared to 99,240 units for $21,765 on Friday.
The average trade for the day ended at 34,936 units at $2,684, in contrast to an average of 24,810 valued at $5,441 on Friday. Each security traded an average of 83,683 shares for the month to date, amounting to US$5,438 units, in contrast to 88,814 units at $5,438. June ended with an average of 281,680 units changing hands at $46,787 for each security.
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 one with lower offers.
At the close of the market, Margaritaville traded 68 shares to settle at 16 US cents, Proven Investments close at 23 US cents with an exchange of 41,547 shares. Sterling Investments declined by three-tenths of a cent to settle at 2 US cents with an exchange of 23,130 units and Transjamaica Highway dropped by one-tenth of a cent to 0.94 US cents, exchanging 75,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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