Slower JSE USD Market trading – Wednesday

On Wednesday, trading slowed sharply on the JSE US dollar market with the volume and value of shares exchanged declined by 88 percent and 58 percent, respectively, from Tuesday’s trading levels and ended stocks falling stocks just edging out those rising.
Five securities changed hands comedown from nine on Tuesday with prices of two stocks rising and three declining.
The JSE US Denominated Equities Index lost 0.47 points to end at 189.58. The PE Ratio, a measure that computes appropriate stock values, averages 11.4. The PE ratio of each stock is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to July 2022.
Overall, 181,322 shares traded, for US$34,276 down from 1,547,372 units at US$81,033 on Tuesday. Trading averaged 36,264 units at US$6,855, down from 171,930 shares at US$9,004 on Tuesday and the month to date averages 64,425 at US$5,508 versus 66,254 units at US$5,420 on Tuesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
In trading, First Rock Capital USD fell 0.35 of a cent to end at 6.65 US cents with 8,230 shares passing through the market, Proven Investments lost 0.01 of a cent to settle at 23.1 US cents with 81,610 units traded, Sygnus Credit Investments USD share dipped 2 cents to 11 US cents with a transfer of 85,021 stock units and Transjamaican Highway rose 0.14 of a cent to finish at 0.95 US cents with 944 stocks crossing the exchange.
In the preference segmentJMMB Group 6% inched one cent up to close at US$1.05 with 5,517 shares changing hands.

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

 

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