JSE USD Market slips on Wednesday

Trading on the USD market closed, with the market rising on Wednesday after investors exchanged seven percent fewer shares than on Tuesday with the value surging 144 percent, with falling stocks just outnumbering advancing ones.
A total of six securities traded, up from five on Tuesday, one stock rose, two fell and three remained unchanged.
The JSE USD Equity Index lost 1.34 points to end at 197.09.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.5 based on ICInsider.com’s  2021-22 earnings forecast.
Overall, 460,057 shares traded for US$47,267 versus 493,662 units at US$19,410 on Tuesday.
Trading averaged 76,676 units at US$7,878, in contrast to 98,732 shares at US$3,882 on Tuesday. Month to date averages 100,043 units at US$5,127 in contrast to 102,200 units at US$4,873 on Tuesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and three with lower offers.
At the close, First Rock Capital ended at 9 US cents with an exchange of 7,352 shares, Proven Investments slipped 0.09 of a cent to 25.9 US cents, trading 155,084 units, Sterling Investments settled at 2 US cents with a transfer of 45,825 shares. Sygnus Credit Investments rose 0.05 of a cent to 15.25 US cents with 30,029 units traded and Transjamaican Highway lost 0.02 of a cent to end at 0.86 of a US cent with 221,713 stocks crossing the exchange.
In the preference segment, JMMB Group 6% preference share traded 54 shares at US$1.10.

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

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