It’s Transjamaican day on JSE USD Market


Transjamaican Highway, Jamaica’s first highway operator, dominated the Jamaica Stock Exchange US dollar market trading on Wednesday, with just over 19 million of the company’s shares changing hands, dwarfing all other trades for the day and pushing the volume of stocks traded up 187 percent with a 172 percent greater value than on Tuesday, resulting in exchange of nine securities, as was the case on Tuesday and ended with prices of one rising, five declining and three ending unchanged.

The market closed after an exchange of 19,338,949 shares for US$528,367, up sharply from 6,731,611 stocks at US$194,285 on Tuesday. Trading ended with an average of 2,148,772 shares for US$58,707 compared with 747,957 stocks at US$21,587 on Tuesday, with the month to date averaging 334,656 stock units at US$10,376, up moderately from 166,335 stocks at US$5,891 on the previous day and November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index lost 3.79 points to cease trading at 223.18. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close, First Rock Real Estate USD share dipped 0.36 of a cent to finish at 2.04 US cents in an exchange of 47,084 stocks, Margaritaville slipped 0.67 of one cent to 6.11 US cents with investors trading just one unit, Productive Business Solutions shed 5 cents in closing at US$1.45 in an exchange of 18 shares. Proven Investments ended at 11.1 US cents with 45,732 stock units crossing the market, Sterling Investments lost 0.18 of a cent to end at 1.4 US cents as investors exchanged a mere two shares and Transjamaican Highway skidded 0.13 of one cent to end at 2.7 US cents after a transfer of a hefty 19,243,892 stock units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.158 with 43 stock units crossing the exchange, Productive Business Solutions 9.25% preference share remained at US$10.21 with investors trading 1,100 stocks and Sygnus Credit Investments E8.5% rose 29 cents to finish at US$9.50, with 1,077 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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