Minor slippage in JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 6 percent, with a value marginally more than on Wednesday, resulting in trading of three securities, compared to six on Wednesday with one rising, one declining and one ending unchanged.
At the close of the market, 345,389 shares were traded, for US$6,537 compared with 368,630 units at US$6,490 on Wednesday.s
Trading ended with an average of 15,130 shares at US$2,179 versus 61,438 units at US$1,082 on Wednesday. Trading for the month to date average 78,208 shares at US$4,738 compared with 77,132 units at US$4,813 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index shed 0.87 points to lock up trading at 225.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville fell 0.3 of a cent to 12 US cents in switching ownership of 10,000 stocks, Proven Investments inched 0.01 of a cent higher to 15.01 US cents with investors trading 83 units and Transjamaican Highway ended at 1.6 US cents as 335,306 shares passed through the market .
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.