Investors exchanged 1,230 percent more shares on the JSE USD market on Thursday than on Wednesday, due primarily to a spike in trading in Transjamaican Highway shares that accounted for 99.8 percent of the units exchanged after 12.9 million of the company’s shares changed hands.
Six securities traded, compared to four on Wednesday, with prices of three rising, two declining and one remaining unchanged. The US Denominated Equities Index lost 0.75 points to end at 188.40.
The PE Ratio, a measure that computes appropriate stock values, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 13,016,194 shares changed hands at US$128,328, 45 percent less than on Wednesday, which ended trading, with 978,654 units at US$233,868.
Trading averaged 2,169,366 units at US$21,388 in contrast to 244,664 shares at US$58,467 on Wednesday. Trading month to date averages 281,831 units at US$13,458, up from 102,066 units at US$12,703 on Wednesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than its last selling price and two with lower offers.
At the close, First Rock Capital climbed 0.91 of a cent to 7.96 US cents trading 700 shares, Proven Investments ended at 24.1 US cents, with an exchange of 13,290 stock units, Sygnus Credit Investments lost 0.03 of a cent to 12 US cents with a transfer of 3,202 stocks and Transjamaican Highway fell 0.04 of a cent to 0.85 US cents with 12,990,002 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% popped 0.1 of one cent to finish at US$2.03 with 5,000 stocks traded and JMMB Group 6% rose 2 cents to US$1.03 with 4,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.