Trading on Thursday ended with the market advancing as investors exchanged 96 percent fewer shares than on Wednesday, at 86 percent less the value, resulting in falling stocks just outnumbering rising ones, with the JSE USD market index rising nevertheless.
Trading ended with six securities changing hands compared to seven on Wednesday, with the prices of two stocks rising, three declining and one remaining unchanged.
The US Denominated Equities Index gained 3.01 points to end at 194.88, up 4.6 percent for the year to date. The PE Ratio, a measure that computes appropriate stock values, averages 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 76,075 shares traded for US$5,770, down from 2,077,432 units at US$41,002 on Wednesday.
Trading averaged 12,679 units at US$962, compared to 296,776 shares at US$5,857 on Wednesday. Trading averaged 92,605 units for the month to date at US$8,668 in contrast to 105,225 units at US$9,884 on Wednesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and two with lower offers.
At the close, Margaritaville had an exchange of 478 shares at 8.9 US cents, Proven Investments rose 0.94 of one cent to end at 24.95 US cents with 10,500 units changing hands, Sterling Investments lost 0.07 of a cent to settle at 2 US cents with a transfer of 50,000 stocks. Sygnus Credit Investments J$ stock climbed 2.94 cents to close at 14.83 US cents with 14,200 stock units, Sygnus Credit Investments US$ stock declined by 0.6 of one cent to finish at 12.2 US cents with 335 units changing hands and Transjamaican Highway fell 0.05 of a cent to 0.95 of one US cent with 562 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.