JSE US$ market volume jumps

Trading volume jumped on the JSE US dollar market on Thursday with an exchange of 1,267,959 shares for US$14,730 compared to 168,832 units at US$13,590 on Wednesday.
The average trade for the day ended at 422,653 units at US$4,910, in contrast to an average of 33,766 valued at US$2,718 on Wednesday. For the month to date, an average of 96,344 units traded at $5,438 each, in contrast to 64,765 units at US$6,022 for each security. In contrast, June finished with an average of 281,680 units at US$46,735.
At the close, the JSE US Dollar Index shed 2.55 points to close at 186.31. Trading ended with three securities changing hands with the prices of one stock declining and two closing unchanged. The average PE Ratio of the JSE US Dollar Market ended at 13.2 based on IC Insider.com’s forecasted 2020-21 earnings.
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 a lower offer.
At the close of the market, Proven Investments shed 1.5 cents to end at 23 US cents, with an exchange of 10,181 units, Sygnus Credit Investments exchanged 4,000 units at 15 US cents and Transjamaican Highway transferred 1,253,778 shares at 0.99 of a US cent.

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

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