Trading on Friday ended with the market declining after investors transferred 95 percent fewer shares than on Thursday at 80 percent less the value, resulting in more stocks falling than rising.
Trading ended with five securities changing hands compared to six on Thursday, with prices of one stock rising, three declining as one remained unchanged.
The JSE US Denominated Equities Index fell 3.78 points to end at 184.62 and dipped into negative territory for the year. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 590,911 shares traded for US$25,111, down from 13,016,194 units at US$128,328 on Thursday. Trading averaged 118,182 units at US$5,022 from 2,169,366 shares at US$21,388 on Thursday. Month to date, trading averages 270,774 units at US$12,888 compared to 281,831 units at US$13,458 on Thursday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with the bid higher than its last selling price and two with lower offers.
At the close, Margaritaville slipped 0.1 of a cent to end at 8.9 US cents in exchanging 500 shares, Proven Investments fell 0.1 of one cent to finish at 24 US cents, with 83,634 stock units changing hands, Sygnus Credit Investments gained 0.02 of a cent to settle at 12.02 US cents with 6,630 stocks traded and Transjamaican Highway dropped 0.1 of one cent to 0.75 US cents with 500,000 units crossing the exchange.
In the preference segment, Equityline Mortgage Investment remained at US$2, with 147 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.