Strong finish for JSE US market on Thursday

Bulls exchanged 82 percent more shares with 72 percent less funds on Thursday than Wednesday and sent the JSE US Denominated Equities Index soaring 13.22 points to 195.60, with seven securities changing hands, down from eight on Wednesday with four rising, two declining and one ending unchanged as trading in September ended on the JSE USD market.
The PE Ratio, a measure that is used in the computation of appropriate stock values, averages 12.2 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 55,270 shares traded for US$7,967, down from 315,126 units at US$28,881 on Wednesday. Trading averaged 7,896 units at US$1,138 versus 39,391 shares at US$3,610 on Wednesday and the month to date averages 853,681 at US$132,197 versus 904,284 units at US$140,038 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital rose half a cent to finish at 7 US cents with 7,115 shares traded, MPC Caribbean Clean Energy remained at US$1 with an exchange of 10 units, Productive Business Solutions gained 15 cents to 90 US cents with two stocks changing hands. Proven Investments rallied 1 cent to close at 24 US cents, with the swapping of 25,215 stock units, Sterling Investments advanced 0.09 of a cent to 2.09 US cents with 720 units passing through the market, Sygnus Credit Investments USD share declined by 0.01 of a cent to end at 12.99 US cents with a transfer of 12,208 stocks and Transjamaican Highway lost 0.01 of a cent to close at 0.96 US cents with 10,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.