Transjamaican Highway, delivered 98 percent of stocks traded, on the US Dollar Market of the Jamaica Stock Exchange on Thursday and closed at a record high, with the volume of stocks traded in the overall market rising 33 percent with 28 percent greater value than on Wednesday, resulting from an exchange of eight securities, compared with six on Wednesday with prices of three rising, three declining and two ending unchanged.
The market closed with an exchange of 916,015 shares for US$44,643 compared to 690,528 stocks with a value of US$34,802 on Wednesday.
Trading ended with an average of 114,502 shares at US$5,580 in sliding from 115,088 stocks at US$5,800 on Wednesday, with a month to date average of 198,779 units at US$9,197 down marginally from 205,522 stock units at US$9,486 on the previous day and April that ended with an average of 121,441 units for US$6,732.
The US Denominated Equities Index dipped 8.43 points to close trading at 255.94. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 8.8. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of the day’s trading, Margaritaville ended at 5 US cents in switching ownership of 424 shares, Productive Business Solutions dipped 9 cents in closing at 84 US cents with just one stock unit changing hands, Proven Investments remained at 7 US cents with 34 shares passing through the exchange. Sterling Investments lost 0.4 of one cent to 1.6 US cents with 6,035 stocks crossing the market, Sygnus Credit Investments shed 0.4 of a cent to finish at 5.6 US cents with investors trading 15,600 units and Transjamaican Highway climbed 0.49 of one cent and ended at record 4.99 US cents after investors swapped 893,837 stocks.
In the preference segment, Sygnus Credit Investments 8% increased US$1.50 to US$11.50 with investors trading 4 units and Sygnus Credit Investments 8% popped 1 cent and ended at US$10.01 with an exchange of 80 shares.
Prices of stocks are those of the last transaction unless otherwise stated.