Trading plunged into a sharp fall on the JSE USD market on Tuesday with the market index diving 13.89 points to 180.40 as investors transferred 354 percent more shares than on Monday, with 677 percent greater value, as the market closed, with a 3.2 percent decline for the year to date, as more stocks declined than rose.
Compared to six trading on Monday, just five securities changed hands, on Tuesday, with prices of one rising, three declining, and one ending unchanged.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 520,508 shares traded for US$38,397 up from 114,565 units at US$4,940 on Monday. Trading averaged 104,102 units at US$7,679, compared to 19,094 shares at US$823 on Monday and trading month to date averages 86,377 at US$13,920 versus 79,560 units at US$16,320 on Monday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital traded 14,192 shares at 7 US cents, Productive Business Solutions fell 16 cents to 74 US cents, with 394 stocks changing hands, Proven Investments fell 1.3 cents to 23.45 US cents with a transfer of 144,850 units. Sygnus Credit Investments USD share advanced 1.99 cents to 13 US cents with 11,072 stock units traded and Transjamaican Highway dropped 0.12 of a cent to 0.83 of a US cents with 350,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
