Trading surges on JSE USD market

Proven Investments led trading on the JSE USD market on Monday with 4 million shares.

Trading surged sharply Monday as 4,260,743 shares traded for US$984,122 up from 105,505 units at US$1,376, from eight securities versus five on Friday and ended with two stocks rising, three declining and three remaining unchanged.
JSE USD Equity Index fell 4.62 points to 189.15. The average PE Ratio ends at 13.4 based on’s forecast of 2020-21 earnings.
Trading averaged 532,593 units changing hands at US$123,015, compared to 21,101 shares at US$275 on Friday. Trading averaged 146,966 units for the month to date at US$22,270 up from 79,900 units at US$4,750 on the prior trading day. December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with bids higher than the last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment shed 1 cent to end at 7.9 US cents after exchanging 14,007 shares, MPC Caribbean Clean Energy ended at US$1.14, with 307 stock units changing hands, Proven Investments dropped 1.8 cents to end at 23.5 US cents after 4,093,500 units crossed the market. Sterling Investments increased 0.28 of a cent ending at 2.3 US cents trading 2,598 shares, Sygnus Credit Investments carved out a loss 0.5 cents to close at 16.5 US cents with the swapping of 25,050 units, Transjamaican Highway remained at 0.85 of a US cent with an exchange of 110,631 stocks.
In the preference segment, JMMB Group 5.75% carved out a gain of 9 US cents in closing at US$1.50 and trading 1,030 units and JMMB Group 6% closed at US$1.02, with 13,620 shares changing hands.

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

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