Stocks surged in trading on the Jamaica Stock Exchange US dollar market on Tuesday, with a 5,675 percent leap in volume as Transjamaican Highway dominated trading, with the value jumping 1,503 percent over trading on Monday, resulting from an exchange of seven securities, down from nine on Monday, with prices of four rising, one declining and two ending unchanged.
The market closed with an exchange of 7,320,894 shares worth US$182,827, up from just 126,779 stocks at US$11,408 on Monday.
Trading averaged 1,045,842 shares at US$26,118 compared to 14,087 units at US$1,268 on Monday, with a month to date average of 465,480 units at US$12,140 compared with 14,087 stocks at US$1,268 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index gained 0.04 points to end at 203.29. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. The PE ratio is calculated based on the last traded price divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share remained at 1.95 US cents, with 7,669 shares crossing the market. Proven Investments ended at 10 US cents with investors swapping 87,725 stock units, Sterling Investments advanced 0.04 of a cent to close at 2.08 US cents after 2,010 shares passed through the market. Sygnus Credit Investments rose 0.82 of a cent in closing at 7.82 US cents as investors exchanged 1,500 stocks, Sygnus Real Estate Finance USD share gained 0.02 of one cent to end at 5.1 US cents, with 984 units crossing the market and Transjamaican Highway popped 0.02 of one cent to finish at 2.42 US cents, with traders dealing in 7,220,966 shares.
In the preference segment, Sygnus Credit Investments 8% fell 50 cents to US$9.50 in an exchange of 40 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.