Slippage for JSE US Market on Wednesday

Tuesday’s rally was short-lived for the JSE USD market, with the market Index dropping 8.60 points to settle at 185.77 points on Wednesday, into negative territory for the year, after six securities changed hands versus seven on Tuesday and ended, with two stocks rising, one declining and three closing unchanged.
The PE Ratio, a measure that computes an appropriate value of stocks, averaged 11.7 based on’s forecast earnings for 2021-22.
A total of 132,046 shares traded for US$23,136 versus 127,924 units at US$32,789 on Tuesday.
Trading averaged 22,008 units at US$3,856, compared to 18,275 shares at US$4,684 on Tuesday. Month to date averages 19,998 units at US$4,302. July ended with an average of 178,541 units for US$18,099.
 Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Proven Investments spiked 1.94 cents to 24.98 US cents with 5,102 shares passing through the market, Sterling Investments remained at 2.15 US cents with a transfer of 13,589 stocks, Sygnus Credit Investments finished at 13 US cents with 963 stock units traded and Transjamaican Highway fell 0.14 of a cent to 0.78 US cents with 101,550 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% climbed 3 cents to US$2.05 with investors switching ownership of 9,342 units and JMMB Group 6% closed at US$1.03 with 1,500 shares changing hands.

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

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