The number of securities trading on Friday rose above that on Thursday, with investors exchanging 134 percent more shares than they did on Thursday in swapping three percent more funds, as well and resulted in rising stocks just outnumbering falling ones at the end of market activity on the JSE USD market for the week.
Seven securities traded, compared to six on Thursday with prices of three rising, two declining and two ending unchanged.
The US Denominated Equities Index lost 1.33 points to end at 183.21, falling nearly two percent for the year to date. The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 613,698 shares traded for US$47,818 compared to 262,786 units at US$46,376 on Thursday. Trading averaged 87,671 units at US$6,831 versus 43,798 shares for US$7,731 on Thursday and month to date an average of 91,447 at US$9,791 versus 91,744 units for US$10,023 on Thursday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than its last selling price and two closed with lower offers.
At the close, First Rock Capital fell 0.01 of a cent to t 7 US cents with an exchange of 275,265 shares, Margaritaville remained at 9 US cents with the transfer of 21,432 stocks, Proven Investments advanced 0.2 of a cent to 23.2 US cents with 95,980 units traded. Sterling Investments popped 0.14 of a cent to 2.14 US cents with 2,295 stock units passing through the market, Sygnus Credit Investments USD share ended at 12.9 US cents with investors switching ownership of 15,000 stocks and Transjamaican Highway dropped 0.07 of a cent to close at 0.82 US cents with 203,700 units crossing the exchange.
In the preference segment, JMMB Group 6% gained 2 cents to settle at US$1.03 with 26 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
