The volume of stocks trading on Wednesday surged 2,242 percent, while the value fell 57 percent from Tuesday’s levels, resulting in more stocks falling than rising at the close of the JSE USD market.
Similar to Tuesday, four securities changed hands on Wednesday, ending with the price of one rising and three declining. The US Denominated Equities Index fell markedly by 9.18 points to 177.86, down 4.5 percent for the year to date.
The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 404,000 shares traded for US$217,578 compared to 17,249 units at US$3,749 on Tuesday. Trading averaged 101,000 units at US$54,395, compared to 4,312 shares at US$937 on Tuesday, while the month to date averages 22,435 at US$8,728 versus 9,864 units at US$1,422 on Tuesday. 
August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and two with lower offers.
At the close, First Rock Capital slipped 0.2 of a cent to a 52 weeks’ low of 6.8 US cents with 3,000 shares changing hands, Sygnus Credit Investments USD lost 0.1 of a cent to end at 12.4 US cents with 101,000 stocks traded and Transjamaican Highway fell 0.1 of a cent to 0.8 US cents with 100,000 stock units crossing the exchange.
In the preference segment, JMMB Group 6% gained 2 cents to close at US$1.02 with 200,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
