Trading on Friday ended with the JSE USD market slipping as investors exchanged 292 percent more shares than on Thursday after 61 percent more funds entered the market, resulting in more shares falling than rising.
Trading ended with four securities changing hands, compared to six on Thursday, with one rising, two declining and one remaining unchanged.
The JSE US Denominated Equities Index dropped 6.30 points to 188.58. The PE Ratio, a measure that computes an appropriate value of a stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 298,239 shares traded for US$9,286 compared to 76,075 units at US$5,770 on Thursday. Trading averaged 74,560 units at US$2,321, up from 12,679 shares at US$962 on Thursday.
For the month to date, trading averages 91,102 units at US$8,139 in contrast to 92,605 units at US$8,668 on Thursday. July ended with an average of 178,541 units for US$18,099.
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 of trading, First Rock Capital gained 0.49 of a cent to end at 7.99 US cents with 12,026 shares traded and Transjamaican Highway fell 0.15 of one cent to 0.8 of a US cent with 282,713 units crossing the exchange.
In the preference segment, JMMB Group 5.75% preference share remained at US$2.02 with a transfer of 2,500 stock units and JMMB Group 6% lost 3 cents to close at US$1 with 1,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.