Trading steady for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market remained steady on Tuesday, with the volume of stocks exchanged rising marginally, with 10 percent less money changing hands than on Monday, resulting in trading in four securities, down from six on Monday with prices of two rising, one declining and one ending unchanged.
The market closed with an exchange of 508,298 shares for US$11,596 compared to 501,713 units at US$12,814 on Monday.
Trading averaged 127,075 units at US$2,899 up from 83,619 shares at US$2,136 on Monday, with a month to date average of 27,415 shares at US$1,271 compared with 20,880 units at US$1,164 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index increased 5.83 points to close at 243.50, up 5.4 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. 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 seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville skidded 1.47 cent in closing at 10.52 US cents with 3,390 shares crossing the exchange, Sterling Investments remained at 1.6 US cents with investors transferring 5 shares, Sygnus Credit Investments increased 1 cent and ended at 9 US cents, with 27,771 units clearing the market and Transjamaican Highway popped 0.08 of a cent to end at 1.87 US cents after an exchange of 477,132 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.