Junior Market inched higher – Thursday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Thursday with a miniscule increase in the Index of 2.46 points to 3,168.22 after 11 securities advanced, 5 declined, while 7 remained unchanged as 23 securities changed hands versus 23 on Wednesday.
Trading resulted in an exchange of 1,715,859 units valued at $9,303,423 compared to 5,429,367 units valued at $18,378,072 on Wednesday.
Trading ended with an average of 74,603 units for an average of $404,497 in contrast to 236,059 units for an average of $799,047 on Wednesday. The average volume and value for the month to date amounts to 204,876 units at a value of $657,021, versus 247,680 units $739,994, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and just 3 with lower offers.
At the close of the market activity, AMG Packaging ended 10 cents higher at $1.70, with 45,300 stock units changing hands, Cargo Handlers settled at $15, trading 8,130 shares, Caribbean Producers finished trading of 4,784 units, at $5.40, Consolidated Bakeries closed at $2.15, trading 2,000 shares, Derrimon Trading ended at $2.65, with an exchange of 111,364 shares. Elite Diagnostic finished trading with 15,140 stock units and rose 2 cents to $2.87, Eppley settled at $9, in exchanging 385 units, Express Catering ended trading with a loss of 20 cents at $7.60, with 14,000 shares, FosRich Group traded 5,200 shares with a loss of 40 cents at $3.60. General Accident finished trading 25 cents higher at $3.75, with 64,860 shares, GWest Corporation closed 10 cents higher at $1.55, with 10,000 stock units trading, Indies Pharma traded 411,391 shares and gained 3 cents to close at $3.15, Jamaican Teas settled at $3.70, while exchanging 42,931 shares, Jetcon Corporation ended trading 4,700 stock units for 40 cents higher at $3.40. Key Insurance  traded 14,900 units, with a loss of 2 cents at $4.98, Lasco Distributors ended with a loss of 10 cents at $3.90, exchanging 3,000 shares, Lasco Financial concluded trading with 166,552 stock units, 20 cents higher at $4, Lasco Manufacturing finished 15 cents higher at $3.45, with 117,500 units. Main Event settled at $6.50, trading 1,129 shares, Medical Disposables ended trading 51,500 shares and gained 30 cents to close at $6.50, Paramount Trading closed with a loss of 2 cents at $2.95, in an exchange of 6,906 shares, SSL Venture Capital traded 15,798 shares and added just 1 cent to end at $1.80 and Stationery and Office finished trading 30 cents higher at $8.95, with 598,389 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Barita directors to consider rights issue

Barita Investments advised the Jamaica Stock Exchange that a meeting of the Board of Directors will be held on December 13, 2018, at which the consideration of rights issue of the ordinary shares of the company is being considered.
IC Insider.com, has been reliably informed that a large portion of the recent $5 billion bond issue that was raised by Conerstone Investments Holdings the new majority Barita Investment shareholder is earmarked for the rights issue.
The company will need to call an extraordinary meeting of shareholders to get shareholders approval for the rights, it is therefore unlikely that if approved by the directors it will take effect until late January 2019 at best.

Modest trading in JSE main market – Wednesday

Barita ended on the JSE at a record close of $31.01.

The main market of the Jamaica Stock Exchange, made modest gains at the close of trading on Wednesday resulting from the JSE All Jamaican Composite Index advancing 51.12 points to 433,039.87 and the JSE Index gaining 46.57 points to close at 394,548.30.
At the end, 28 securities changed hands in the main and US dollar markets with prices of 14 stocks rising, 11 declining and 6 remaining unchanged compared to 31 securities trading on Tuesday.
Barita Investments ended trading at a record close of $31.01.
The main market ended with 4,455,571 units valued at $87,653,782 changing hands, compared with just 4,732,702 units valued at $78,353,687 that were exchanged on Tuesday.
The main market ended with Victoria Mutual Investments leading with 1,246,476 units, accounting for 28 percent of the day’s trades, followed by JMMB Group 7.25% preference share with 989,957 units or 22 percent of the day’s volume and Wisynco Group with 447,047 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 171,368 units valued at over $3,371,299, in contrast to 157,757 shares valued at $2,611,790 on Tuesday. The average volume and value for the month to date amounts to 123,855 units with a value of $2,354,261 compared to 101,394 units valued at $1,873,480, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments jumped $2.01 to end at a record close of $$31.01, with 17,647 shares changing hands, Caribbean Cement jumped $6 and finished trading 9,130 shares at $50, Jamaica Broilers fell 25 cents trading 26,439 stock units at $29.75.  Jamaica Stock Exchange dropped $1.60 to $8.40, trading 337,162 shares, Kingston Wharves fell $1.60 to $75.70, with 28,919 stock units changing hands. Mayberry Investments declined by 38 cents trading 50,012 shares in closing at $9.60, Mayberry Equities jumped $1.29 cents trading 50,012 shares in closing at $10.50, NCB Financial Group shed $2.49 to end trading of 185,214 shares at $157.01, PanJam Investment dropped $2.90 to $65.10, with an exchange of 342,886 stock units, Sagicor Group fell $1.05 to finish trading of 46,813 shares at $47.50, Scotia Group traded 8,700 shares and rose $1 to close at $59 and Seprod rose $1 in trading of 158,334 shares, to close at $33.
Trading in the US dollar market amounted to 107,117 units valued at $22,155 as Proven Investments ended trading 103,717 at 21 US cents and Sygnus Credit Investments US dollar based ordinary share traded 3,400 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.11 points to close at 167.36.

4 Junior Market stocks at 52 weeks’ lows – Wednesday

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Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with a fall in the Index of 31.26 points to 3,165.76 after 6 securities advanced, 10 declined including 4 closing at 52 weeks lows, while 7 remained unchanged as 23 securities changing hands versus 26 on Tuesday.
Trading resulted in an exchange of 5,429,367 units valued at $18,378,072 compared to 2,263,347 units valued at $12,188,607 trading on Tuesday.
Trading ended with an average of 236,059 units for an average of $799,047 in contrast to 87,052 units for an average of $468,793 on Tuesday. The average volume and value for the month to date amounts to 247,680 units $739,994, versus 253,366 units valued at $711,095, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and just 4 with lower offers.
At the close of the market activity, Access Financial closed at $50.50, in exchanging 7,800 shares, AMG Packaging ended with a loss of 22 cents at a 52 weeks’ low of $1.60, with 456,962 stock units changing hands, Caribbean Producers finished trading 35,850 units, and rose 10 cents to $5.40, Consolidated Bakeries closed with a loss of 5 cents at $2.15, in exchanging 60,165 shares, Derrimon Trading ended with a loss of 5 cents at $2.65, with 149,161 shares trading. Eppley settled $9 higher at $9, with a swapping of 2,491 units, Everything Fresh traded 145,093 shares after declining 2 cents to close at a 52 weeks’ low of $1.48, Express Catering ended trading with 14,090 shares and gained 30 cents to close at $7.80, FosRich Group traded 11,862 shares, with a loss of 7 cents in ending at $4, General Accident finished trading of 1,588,279 shares with a loss of 13 cents to close at $3.50. GWest Corporation closed at $1.45, with 3,000 stock units changing hands, Honey Bun climbed 42 cents higher at $3.52, with an exchange of 1,282,416 units, Indies Pharma traded 41,622 shares and gained 6 cents to close at $3.12, Jamaican Teas settled with a loss of 10 cents at $3.70, in trading 150,700 shares, Jetcon Corporation ended trading of 1,230 stock units with a loss of 90 cents at a 52 weeks’ low of $3. KLE Group finished trading with a loss of 50 cents at $3, in the swapping of 25,608 shares, Knutsford Express closed 12 cents higher at $11.63, trading 4,000 shares, Lasco Distributors ended at $4, with 71,830 shares changing hands, Lasco Financial concluded trading of 107,277 stock units with a loss of 20 cents to close at a 52 weeks’ low of $3.80. Lasco Manufacturing finished trading of 1,214,100 units at $3.30, Main Event settled at $6.50, with 2,000 shares being exchanged, SSL Venture Capital traded 12,000 shares to end at $1.80 and Stationery and Office finished trading 41,831 stock units with a rise of $1.30 to $8.65.

Prices of securities trading for the day are those at which the last trade took place.

JSE marked time in trading on Tuesday

Barita ended on the JSE at a record close of $29.

The main market of the Jamaica Stock Exchange, made gains at the close of trading on Tuesday resulting in the JSE All Jamaican Composite Index advancing by 116.66 points to close at 432,988.75 and the JSE index rising 106.29 points to 394,501.73. 
At the end, 31 securities cahnged hands in the main and US dollar markets with prices of 14 stocks rosing, 11 declining and 6 remaining unchanged. Barita Investments ended at a record close and Salada Foods traded at an intraday high at $30.The main market ended with 4,732,702 units valued at $78,353,687 changing hands, compared with just 843,989 units valued at $24,687,711 that were exchanged on Monday.
Wisynco Group lead trading with 2,609,218 units, accounting for 55 percent of the day’s trades, followed by Stanley Motta with 509,500 units or 10.8 percent of the day’s volume and Victoria Mutual Investments with 230,707 units with 4.9 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 157,757 units valued at over $2,611,790, in contrast to 33,760 shares valued at $987,508 on Monday. The average volume and value for the month to date amounts to 101,394 units valued at $1,873,480. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments rose $1.50 to end at a record close of $29, with 5,515 shares changing hands, Caribbean Cement fell 95 cents and finished trading of 37,015 shares at $44, Grace Kennedy climbed $1.50 in trading of 93,277 shares at $58, Jamaica Broilers fell 55 cents trading 25,312 stock units at $30.  Jamaica Stock Exchange climbed $1 to $10, trading 142,593 shares, Kingston Wharves rose $4 to $77, with 4,216 stock units changing hands. Mayberry Investments rose 41 cents trading 171,927 shares in closing at $9.98, NCB Financial Group gained $2.50 to end trading of 96,175 shares at $159.50, PanJam Investment dropped $2 to $68, with an exchange of 57,080 stock units, Palace Amusement gained $150 to $1,450, with 100 shares trading, Portland JSX rose 49 cents and ended at $7.50, with 638 units changing hands, Sagicor Group fell 95 cents to finish trading of 97,063 shares at $48.55, Sagicor Real Estate Fund fell 75 cents and settled at $11.10, with 14,650 shares. Scotia Group traded 55,696 shares and rose $1 to close at $58, Seprod fell 40 cents in trading of 86,259 shares, to close at $32 and Sygnus Credit Investments fell 35 cents to close at $10.65 trading 53,395 shares.
Trading in the US dollar market amounted to 72,343 units valued at $14,988 as Proven Investments ended trading at 21 US cents. The JSE USD Equities Index closed with a fall of 2.30 points to close at 166.25.

8 Junior Market stocks rise 11 fall – Tuesday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 26 securities changing hands, resulting in an exchange of 2,263,347 units valued at $12,188,607 compared to 9,644,867 units valued at $21,232,867 from 21 securities trading on Monday.
At the close of market activities, the prices of 8 securities advanced, 11 declined and 7 remained unchanged resulting in the Junior Market Index advanced 19.79 points to close at 3,197.02. at the close 1 security traded at a 52 weeks’ high and two ended at 52 weeks’ lows.
Trading ended with an average of 87,052 units for an average of $468,793 in contrast to 459,279 units for an average of $1,011,089 on Monday. The average volume and value for the month to date amounts to 253,366 units valued at $711,095. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and just 4 with lower offers.
At the close of the market, Access Financial closed at $50.50, with 257 shares traded, Blue Power concluded trading of 2,000 units at $5.45, Cargo Handlers limbed $1 higher to $15, with an exchange of 34,600 shares, Caribbean Cream ended trading 20,800 shares at $5.30, Caribbean Producers finished trading 1,300 units and declined of 10 cents to close at $5.30,  Consolidated Bakeries closed 6 cents higher at $2.20, with 21,000 shares changing hands, Derrimon Trading ended trading with 216,900 shares and fell 10 cents to close at $2.70,  Dolphin Cove concluded trading of 173,947 shares gained and 75 cents to end at $15.75, Elite Diagnostic finished with a loss of 27 cents at $2.85, with an exchange of 42,256 stock units. Everything Fresh traded 59,127 shares after declining 5 cents to close at $1.50, Express Catering settled with a loss of 25 cents at $7.50, exchanging 26,208 units, FosRich Group ended trading of 15,985 shares and rose 2 cents to $4.07, General Accident traded 2,500 shares at $3.63, GWest Corporation finished trading 10,000 shares with a loss of 10 cents in closing at an all-time low of $1.45. Indies Pharma traded 82,620 shares and fell 4 cents to close at $3.06, Jamaican Teas finished trading of 161,257 shares at $3.80, Jetcon Corporation settled with a loss of 9 cents at $3.90, exchanging 38,461 shares, Key Insurance jumped 50 cents to a 52 weeks’ high of $5, with 1,027,000 stock units changing hands, Lasco Distributors closed at $4, with 126,190 shares trading. Lasco Financial dropped 80 cents to $4, with 109,306 shares changing hands, Lasco Manufacturing concluded trading at $3.30, with an exchange of 49,680 stock units, Main Event finished 15 cents higher at $6.50, trading 2,832 units, Paramount Trading  ended trading 500 shares and jumped 77 cents to $2.97. SSL Venture Capital rose 6 cents in trading 2,000 shares to end at $1.80, Stationery and Office traded with a loss of 85 cents at $7.35, with 36,521 shares and tTech closed 8 cents higher at $5.19, with 100 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

 

JSE fails to hang on to record – Monday

The main market of the Jamaica Stock Exchange, surged to a new record high in early morning trading after just 7 minutes of the opening with the JSE All Jamaican Composite Index rising 5,319.88 to a record 435,784.80 points and briefly moved higher to more than 435,900 points before pulling back, at the close the index put on 2,407.17 points to 432,872.09.
The JSE index climbed 4,847.01 points to a record of 397,049.24 after 7 minutes of trading pulled back at the close but still put on 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ ow, as 26 securities in the main and US dollar markets changed hands, compared to a 31 on Friday. At the end, prices of just 6 stocks rose, 15 declined and 5 remained unchanged.
The main market ended with just 843,989 units valued at $24,687,711 changing hands, compared with 12,946,386 units valued at $522,988,358 that were exchanged on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
Trading resulted in an average of 33,760 units valued at over $987,508, in contrast to 446,427 shares valued at $18,034,081 on Friday. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
In main market activity, Barita Investments fell 50 cents to close of $27.50 after trading at new in  intraday record high of $31, with 19,020 shares changing hands, Caribbean Cement climbed $1.45 and finished trading of 2,755 shares at $44.95, Carreras concluded trading of 103,177 units at $9.10 after falling 40 cents, Grace Kennedy dropped $1.50 in trading of 34,081 shares at $56.50, Jamaica Stock Exchange fell 63 cents and closed at $9, trading 19,650 shares, Kingston Wharves fell $2.79 to $73, with 6,817 stock units changing hands. Mayberry Jamaica Equities lost 85 cents trading 7,993 shares in closing at $9.15, NCB Financial Group declined by $2.05 to end trading of 66,427 shares at $157, PanJam Investment dropped $4 to  $70, with an exchange of 13,890 stock units, Sagicor Group fell 50 cents to finish trading of 57,553 shares at $49.50, Scotia Group traded 14,660 shares and rose $2 to close at $57, Seprod added $2.40 trading of 27,970 shares, to close at $32.40.

Trading in the US dollar market amounted to 40,224 units valued at over $8,569 as Proven Investments lost 1 cent and ended trading at 21 US cents. The JSE USD Equities Index closed with a rise of 0.87 points to close at 168.55.

Trading climbs on Junior Market on Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 21 securities changing hands, resulting in an exchange of 9,644,867 units valued at $21,232,867 compared to 4,790,864 units valued at $10,989,252 from 26 securities trading on Friday.
At the close of market activities, the prices of 7 securities advanced, 7 declined and 7 remained unchanged resulting in the Junior Market Index declining by 5.10 points to close at 3,177.23.
Trading ended with an average of 459,279 units for an average of $1,011,089 in contrast to 184,264 units for an average of $422,664 on Friday. November ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and just 1 with a lower offer.
 At the close of the market, Access Financial closed at $50.50, trading 380 shares, AMG Packaging ended 2 cents higher at $1.82, with 12,927 stock units changing hands, Caribbean Cream ended trading 11,455 shares, at $5.30, Caribbean Producers finished trading with 2,600 units and rose 5 cents higher to $5.40, Derrimon Trading ended at $2.80, in exchanging 6,215 shares. Elite Diagnostic gained 1 cent to end at $3.12, with 1,200 stock units changing hands, Express Catering ended trading with 4,380 shares after rising 65 cents to close at $7.75, General Accident closed 13 cents higher at $3.63, with 2,000 shares trading, Indies Pharma traded 20,690 shares to close at $3.10, Jamaican Teas settled at $3.80, with 160,698 shares changing hands. Jetcon Corporation ended trading at $3.99, with an exchange of 5,000 stock units, Key Insurance traded 1,071,023 units and rose 35 cents to $4.50, Lasco Distributors ended 20 cents higher at $4, with an exchange of 3,700 shares, Lasco Financial concluded trading of 31,600 stock units with a loss of 20 cents at $4.80. Lasco Manufacturing finished with a loss of 10 cents at $3.30, trading 33,300 units, Main Event settled with a loss of 10 cents at $6.35, with an exchange of 6,313 shares, SSL Venture Capital lost 2 cents in trading 6 million shares to end at $1.74, Stationery and Office finished trading 210 stock units with a loss of 32 cents down to $8.20, Sweet River closed at $3.50, with 100 units changing hands and tTech fell 19 cents to $5.11, with the trading of 902 shares. In the junior market preference segment, Derrimon Trading 9% ended with a loss of 10 cents at $2.10, with 2,270,174 stock units trading.

Prices of securities trading for the day are those at which the last trade took place.

Scotia & Stanley Motta now in IC Top 10

Two changes took place in the main market TOP 10 and one in the Junior Market as market activity pushed out some stocks from the list this past week.
Palace Amusement and Barita Investments had big price gains during the week and exited the main market top list while Honey Bun reported full year profit of 18 cents per share and dropped out of the top tier stocks but it still showed strong signs of better days ahead as it starts the new fiscal year with increased volume sales.

New Entrants this week are, Stanley Motta and Scotia Group for the main market and Jamaican Teas for the Junior Market. Barita Investments jumped to a record $28 on Friday as investors continue to bid up the stock with talk on the road of positive developments surrounding the company. This publication expects good gains from the company’s investment portfolio and the performance of the stock market should also result in growth in the equity-based unit trust and therefo re boost fee income. In addition, word out is that they have acquired an investment portfolio that will add to revenues. At the current price, a stock split also seems assured for 2019.
During the week news broke that Scotia Group had entered into an agreement to sell their insurance arm to Sagicor Financial, the news helped to drive prices of Scotia Group, Sagicor Group and PanJam Investment up and created excitement in the market.
The main market closed the week with the overall PE remains at 15.7, the PE of the Junior market is at 15.9. The PE ratio for Junior Market Top 10 stocks average 8.8 and the main market PE is now 9.5.

The TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Most JSE stocks rise indices dip Friday

The main market of the Jamaica Stock Exchange, took a break from record making runs with the All Jamaica Index closed a fall of 2,842.30 points to 430,464.92 and the JSE Index declined by 2,589.66 points to close at 392,202.23.
Market activity resulted in 3 securities trading at record highs but ended with 2 securities closing at record highs and one closing at 52 weeks’ low, as 31 securities in the main and US dollar markets changed hands, compared to a 35 on Thursday. At the end, prices of 16 stocks rose, 7 declined and 8 remained unchanged.
The main market ended with 12,946,386 units valued at $522,988,358 changing hands, compared with 9,092,070 units valued at $158,769,688 exchanged, on Thursday.
The main market ended with Jamaica Broilers leading with 8,048,990 units, accounting for 62 percent of the day’s trades, followed by Wisynco Group with 1,699,655 units or 13 percent of the day’s volume and NCB Financial with 1,409,918 units with 10 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 446,427 units valued at over $18,034,081, in contrast to 284,127 shares valued at $4,961,553 on Thursday. The average volume and value for the month to date, amounts to 405,528 valued at $7,755,942, compared to 403,611 valued at $7,228,391 previously. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $3.99 to a record close of $28, trading 2,000 shares, Grace Kennedy climbed $3 in trading of 36,609 shares at $58, Jamaica Broilers gained 55 cents, trading 8,048,990 stock units at $30.55, Jamaica Producers rose 41 cents and finished trading 27,898 units, at $24.51,  JMMB Group jumped $2.49 to end at $35, trading 96,088 shares, Mayberry Jamaica Equities jumped 98 cents trading 42,500 shares in closing at $10, NCB Financial Group lost 95 cents to end trading at $159.05 with 1,409,918 shares, PanJam Investment jumped $2.50 to a record $74, with an exchange of 113,647 stock units, Portland JSX lost 79 cents and ended at 52 weeks’ low of $7.01, exchanging 7,642 units, Sagicor Real Estate Fund gained 30 cents to settle at $11.80, exchanging 26,427 shares, Scotia Group traded 71,726 shares and shed $3 to close at $55, Seprod dropped $2.50  trading of 234,387 shares, to close at $30, Sterling Investments rose 30 cents and closed at $5, with 21,174 shares changing hands, Supreme Ventures fell $1.39 to end at $16.95, with an exchange of 60,986 shares and Sygnus Credit Investments gained 44 cents in trading 67,625 units.
Trading in the US dollar market amounted to 44,122 units valued at $8,705 as Proven Investments rose 2 cents and ended trading of 38,222 shares at 22 US cents and Sygnus Credit Investments US dollar based ordinary share traded 5,900 units at 11 US cents. The JSE USD Equities Index closed with a rise of 1.47 to close at 167.68.