Trading on the JSE USD market closed Wednesday with the index slipping 081 points to close at 188.54, declining after an exchange of 55 percent fewer shares with 78 percent less the value than on Tuesday, resulting in more stocks ending unchanged than those with changes.
Trading ended with four securities changing hands, compared to six on Tuesday, with the prices of one stock declining, none rising and three remaining unchanged.
The PE Ratio, a measure that computes an appropriate stock value, averaged 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close of trading, 254,770 shares changed hands for US$28,741, down from 566,829 units at US$130,805 on Tuesday.
Trading averaged 63,693 units at US$7,185 compared to 94,472 shares at US$21,801 on Tuesday. Month to date trading averages 104,820 units at US$10,677 in contrast to 108,247 units at US$10,968 on Tuesday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital settled at 8 US cents with an exchange of 5,175 shares, Proven Investments ended at 24 US cents after trading 110,221 units, Sygnus Credit Investments fell 0.45 of a cent to 14 US cents with the transfer of 5,827 stock units and Transjamaican Highway closed at 0.81 US cents with 133,547 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.