Transjamaican Highway with 969,738 shares traded, pushed the volume of stocks trading on the Jamaica Stock Exchange US dollar market sharply higher on Tuesday levels as 366 percent more shares were traded with a 51 percent lower value than on Monday and resulted in eight securities being traded, compared to nine on Monday with the price one rising, four declining and three ending unchanged.
Transjamaican Highway
A total of 1,397,026 shares were traded at US$71,601 compared to 299,650 units at US$146,763 on Monday.
Trading averaged 174,628 shares at US$8,950 compared to 33,294 units at US$16,307 on Monday. Trading for the month to date averages 63,926 stock units at US$5,981 compared with 45,476 shares at US$5,486, the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index fell 4.39 points to end trading at 240.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share rallied 0.1 of a cent and ended at 5.3 US cents with a transfer of 67,591 shares, Margaritaville ended at 11.49 US cents as investors traded 1,678 stock units, Proven Investments dropped 0.15 of a cent to close at 14.8 US cents in an exchange of 320,429 units, Sterling Investments remained at 1.92 US cents with investors exchanging 407 stock units. 
Sygnus Credit Investments lost 0.09 of a cent to end at 9 US cents in an exchange of 30,671 stocks, Sygnus Real Estate Finance USD share declined 1.5 cents and ended at 8.5 US cents, with 6,399 stock units crossing the market and Transjamaican Highway fell 0.11 of a cent to end at 1.58 US cents with investors trading 969,738 shares.
In the preference section, Productive Business Solutions 9.25% preference share ended at US$12 after 113 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 299,650 shares were exchanged for US$146,763 compared with 198,322 units at US$20,612 on Friday.
Sygnus Credit Investments gained 0.09 of a cent to end at 9.09 US cents with 17,623 units being traded, Sygnus Real Estate Finance USD share rallied 1.5 cents to close at 10 US cents with a transfer of 79 shares and Transjamaican Highway rose 0.01 of a cent to end at 1.69 US cents in an exchange of 59,759 stocks.
Elite Diagnostics had a bad fiscal year to June, with a loss of $1.7 million in the June quarter and a profit of only $2.8 million for the year, down from $49 million in 2022. With finance cost jumping to $47 million from $27 million the previous year while depreciation climbed by $41 million to $148 million. ICInsider.com expect revenues to keep on climbing at a above average rate and for cost to increase at a slower pace and deliver an attractive profit which is projected at 40 cents for the year. Recent history suggests that forecasts can be derailed by unforeseen developments, but the stock is worth while looking at as a medium term investment that is undervalued relative to potential.
The Junior Market ICTOP10 closed the week with General Accident rising 10 percent to $4.94, followed by Caribbean Assurance Brokers, up 6 percent to $2.83 as Iron Rock Insurance dropped 9 percent to $2.10 and Everything Fresh dipped 5 percent to $1.30.
The markets are not in a bullish state but there continue to be cases of slow upward movements in some prices as investors respond to some recent attractive results leading them to quietly nibble away at a number of stocks, gradually reducing the supply of a number of them that are attractively priced. The list includes stocks such as Access Financial, AMG Packaging, Everything Fresh, Dolphin Cove, Caribbean Cream, Caribbean Assurance Brokers, Lasco Distributors and Lasco Manufacturing, Main Event and Transjamaican Highway.
A total of 198,322 shares were traded on Friday for US$20,612, up from 110,725 units at US$10,600 on Thursday.
Sygnus Credit Investments slipped 0.1 of a cent to close at 9 US cents after an exchange of 52,491 stock units and Transjamaican Highway popped 0.02 of a cent to end at 1.68 US cents in an exchange of 3,000 stocks.
A total of 110,725 shares were traded for US$10,600 compared with 1,090,681 units at US$25,542 on Wednesday.
Sygnus Credit Investments ended at 9.1 US cents, with 4,855 units being traded, Sygnus Real Estate Finance USD share dropped 1.5 cents to 8.5 US cents after one unit was traded and Transjamaican Highway rose 0.06 of a cent to close at 1.66 US cents with traders dealing in 95,789 shares.
Proven Investments rose 0.2 of a cent to close at 14.7 US cents with 9,254 stocks crossing the exchange. Sterling Investments gained 0.02 of a cent to end at 1.92 US cents with a transfer of 10,000 units, Sygnus Credit Investments lost 0.88 of one cent in closing at 9.1 US cents in switching ownership of 35,827 units, Sygnus Real Estate Finance USD share remained at 10 US cents after 14,939 stock units passed through the market and Transjamaican Highway shed 0.09 of a cent to close at 1.6 US cents after an exchange of 896,086 shares.
Overall, 195,527 shares were traded for US$19,530 compared to 193,702 units at US$30,250 on Monday.
MPC Caribbean Clean Energy ended at 54 US cents with 901 stocks changing hands, Proven Investments ended at 14.5 US cents after 107,839 shares were traded, Sterling Investments ended at 1.9 US cents in trading 1,048 units. Sygnus Credit Investments rose 0.78 of one cent to close at 9.98 US cents with stakeholders trading 11,950 units, Sygnus Real Estate Finance USD share remained at 10 US cents with 199 shares changing hands and Transjamaican Highway fell 0.05 of a cent to end at 1.69 US cents, with 31,590 stocks.
A total of 193,702 shares were exchanged for US$30,250 up from 94,250 units at US$10,054 on Friday.
At the close, Margaritaville declined 0.5 of one cent to close at 11 US cents, after 604 shares were traded, Proven Investments skidded 0.45 of one cent and ended at 14.5 US cents, with 15,500 units changing hands, Sygnus Credit Investments ended trading in 21,084 stocks at 9.2 US cents, Sygnus Real Estate Finance USD share remained at 10 US cents after 2,520 stocks crossed the market and Transjamaican Highway popped 0.01 of a cent to 1.74 US cents as investors exchanged 142,117 stock units.
Note that Margaritaville is listed on both the Main Market and the USD Market, with similar values.
The markets are not in a bullish state, but there continue to be cases of slow upward movements in some prices as investors respond to some recent attractive results, leading them to quietly nibble away at a number of stocks, gradually reducing the supply of a number of them that are attractively priced. The list includes stocks such as Access Financial, AMG Packaging, Everything Fresh, Dolphin Cove, Caribbean Cream, Caribbean Assurance Brokers, Lasco Distributors and Lasco Manufacturing, Main Event and Transjamaican Highway.
Sterling Investments dipped 0.04 of a cent to 1.94 US cents in trading 241,000 stocks, Sygnus Credit Investments ended at 10.23 US cents with investors dealing in 192 shares and Transjamaican Highway popped 0.04 of a cent in closing at 1.74 US cents after an exchange of 151,153 stock units.