Trading volume bounced on Tuesday

The volume of shares traded soared by 1,258 percent as 1,032 percent more funds chased after stocks on Tuesday over Monday, resulting in an even number of stocks rising and falling at the close of the JSE USD market.
Trading ended with six securities changing hands, up from five on Monday with an equal split of two between rising stocks and those declining and closing unchanged.
The JSE US Denominated Equities Index rallied 1.43 points to end at 185.24.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 176,358 shares traded for US$17,759 compared to just 12,988 units at US$1,569 on Monday. Trading averaged 29,393 units at US$2,960, compared to 2,598 shares at US$314 on Monday and month to date an average of 45,324 at US$6,043 in contrast to 47,600 units at US$6,484 on Monday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital settled at 7 US cents with an exchange of 12,674 shares, Margaritaville fell 0.49 of a cent to 9.5 US cents with 742 stocks traded, Proven Investments rose 1.6 cents to 24.6 US cents with a transfer of 2,455 units. Sterling Investments gained 0.09 of a cent to close at 2.09 US cents with 17,131 stock units passing through the market, Sygnus Credit Investments USD share declined by 2 cents to settle at 11 US cents with 142,800 stocks changing hands and Sygnus Real Estate Finance USD share finished unchanged at 14 US cents with 556 shares crossing the exchange.

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

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