Trading on the USD market ended on Tuesday, with the index falling as investors exchanged 178 percent more shares than on Monday at 71 percent less the value, resulting in more stocks falling than rising and the market losing almost all the 17.4 percent gains made up to the end of April, this year when the market hit the year’s peaked at 218.70 points.
Six securities traded, compared to eight on Monday with one rising, three declining and two remaining unchanged.
The JSE USD Equity Index lost 4.06 points to end at 187.18, just a fraction above the 2020 close of 186.30. The PE Ratio, a measure that determines an appropriate value of each stock, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 654,515 shares traded for US$17,881 compared to 235,315 units at US$63,279 on Monday. Trading averaged 109,086 units at US$2,980, versus 29,414 shares at US$7,910 on Monday. Month to date trading averages 46,425 units at US$4,526 in contrast to 21,361 units at US$5,145 Monday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than their last selling price and one with a lower offer.
At the close, First Rock Capital had an exchange of 318 shares at 8.5 US cents, Margaritaville finished at 9.2 US cents with 300 stocks changing hands, Proven Investments dropped 0.4 of a cent to end at 25 US cents, with 53,422 units traded. Sygnus Credit Investments lost 0.48 of a cent to close at 13.52 US cents, with a transfer of 40 stock units and Transjamaican Highway slipped 0.1 of a cent to 0.70 of a US cent with 600,285 shares crossing the exchange.
In the preference segment, JMMB Group 6% advanced 6.95 cents to US$1.01 with 150 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.