Trading on the USD market ended on Wednesday with the market rebounding, as the volume of shares changing hands jumped 714 percent for 543 percent more value than on Tuesday, resulting in more stocks rising than falling and the market index just inching higher.
Overall, 901,226 shares changed hands for US$72,066 up from 110,662 units at US$11,208 on Tuesday.
Trading averaged 112,653 units at US$9,008, compared to 22,132 shares at US$2,242 on Tuesday and the month to date averages 95,210 at US$10,189 versus 93,349 units at US$10,315 on Tuesday. August ended with an average of 210,413 shares for US$12,959.
Eight securities traded, compared to five on Tuesday with prices of five rising, two declining and one ending unchanged.
The US Denominated Equities Index popped 0.27 points to 185.09. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling prices and one with a lower offer.
At the close, First Rock Capital popped 0.01 of a cent to 7.01 US cents with investors switching ownership of 825,502 shares, Margaritaville advanced 0.25 of a cent to 9 US cents trading 6,943 units, MPC Caribbean Clean Energy lost 4 cents to settle at US$1 with 20 stock units traded. Productive Business Solutions 2 cents to 75 US cents with a transfer of 5 stocks, Proven Investments gained 1 cent to close at 23.8 US cents with 55,987 shares passing through the market, Sterling Investments rose 0.1 of a cent to end at 2 US cents with 10,162 stocks traded. Sygnus Credit Investments USD climbed 0.6 of a cent to 12.9 US cents with 2,575 units changing hands and Transjamaican Highway remained unchanged at 0.89 US cents with 32 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rebounds on JSE USD Market Wednesday
September 22, 2021 by
