Trading on the JSE USD market closed on Wednesday with the market rising after investors transferred 8,470 percent more shares than on Tuesday, with 3,571 percent greater value, but ended with more stocks falling than rising.
Seven securities traded on Wednesday compared to five on Tuesday, with the price of one rising, three declining and three ending unchanged.
The JSE USD Equity Index gained 4.13 points to end at 188.54 and ended 1.2 percent above the 2020 close. The PE Ratio, a measure that computes an appropriate stock value, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 1,274,755 shares traded, for US$54,331 compared to just 14,874 units at US$1,480 on Tuesday.
Trading averages 182,108 units at US$7,762 compared to 2,975 shares at US$296 on Tuesday. Trading averages 131,928 units for the month to date at US$9,624, from 126,980 units at US$9,807 on Tuesday. 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 its last selling price and two with lower offers.
At the close, First Rock Capital settled at 8 US cents with 16,000 shares passing through the market, Proven Investments fell 0.05 of a cent to 24 US cents with 166,293 stocks changing hands, Sterling Investments remained at 2.15 US cents with 2,598 stock units traded. Sygnus Credit Investments popped 1 cent to 16 US cents in trading 12 units and Transjamaican Highway saw trading of 1,085,818 shares in closing at 0.80 US cents.
In the preference segment, JMMB Group 5.75% lost 8 cents to end at US$2.02 with 34 stock units traded and JMMB Group 6% fell 6.95 US cents to 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.