Sygnus Credit Investments commanded 89 percent of the stocks traded on the JSE USD market on Friday after an exchange of 7.4 million units of the company’s shares and driving the overall volume of the market up by a huge 3,226 percent over Thursday, with a value that was 1,610 percent greater.
Overall, 8,332,589 shares traded in exchange for US$1,043,788 compared to 250,508 units at US$61,050 on Thursday.
Trading ended with six securities changing hands, compared to eight on Thursday with the prices of three stocks rising, none declining and three remaining unchanged.
The JSE USD Equity Index slipped 2.26 points to end at 188.95 at the close.
The PE Ratio, a measure that computes an appropriate stock value, averages 12.1 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 1,388,765 units at US$173,965, compared to 31,314 shares at US$7,631 on Thursday. The average month to date comes out at 205,146 units at US$20,168 in contrast to 122,568 units at US$9,438 on Thursday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital gained 0.1 of a cent to close at 8 US cents, with 285 shares changing hands, Margaritaville settled at 9 US cents with an exchange of 30,000 units, Proven Investments ended at 24 US cents with 4,218 stocks traded. Sygnus Credit Investments rose 0.2 of a cent to 14 US cents, with a transfer of 7,427,937 stock units and Transjamaican Highway gained 0.05 of a cent to close at 0.8 of a US cent with 865,149 shares crossing the exchange.
In the preference segment, JMMB Group 6% closed at US$1.03 with 4,000 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.