Trading plunged on JSE USD market

Trading on the USD market ended on Monday with more decline in the volume of stocks following on Friday’s fall from Thursday levels, with 92 percent fewer shares changing hands on Monday valued 72 percent less than on Friday and resulting in falling stocks outnumbering rising ones and leading the market into a decline.
Five securities traded compared to eight on Friday, with prices of one rising, three falling and one ending unchanged. The US Denominated Equities Index dropped 2.55 points to end at 183.81.
The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on’s forecast of 2021-22 earnings.
Overall, 12,988 shares traded for US$1,569 down from 154,078 units at US$5,567 on Friday. Trading averaged 2,598 units at US$314 compared to 19,260 shares at US$696 on Friday and the month to date averages 47,600 at US$6,484 versus 53,681 units at US$7,317 on Friday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none, with lower offers.
At the close, First Rock Capital settled at 7 US cents with 415 shares changing hands, Margaritaville declined 0.01 of a cent to end at 9.99 US cents with 1,037 stocks traded, Proven Investments fell 1 cent to 23 US cents with a transfer of 1,496 stock units. Sygnus Credit Investments USD share dipped half a cent to 13 US cents with investors swapping 8,540 units and Transjamaican Highway gained 0.06 of a cent to close at 0.9 US cents with 1,500 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC