Transjamaican, the Highway 2000 operators, carved out just over 98 percent of all shares moving over the Jamaica Stock Exchange US dollar market on Friday resulting in a 430 percent hike in the volume of stocks traded, having 184 percent more value than on Thursday with market activity leading to six securities switching owners, compared with seven on Thursday with prices of just one rising, two declining and three ending unchanged.
The market closed with an exchange of 818,516 shares for US$25,705, shooting up from 154,390 stocks at US$9,049 on Thursday.
Trading averaged 136,419 shares at US$4,284 well above 22,056 stocks at US$1,293 on Thursday, with a month to date average of 44,113 units at US$1,698, up from 38,461 stocks at US$1,540 on the previous day, versus April, with an average of 261,717 units for US$10,686.
The USD Denominated Equities Index sank 0.55 points to 246.36. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 12. 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 of the market, First Rock Real Estate USD share ended at 1.98 US cents after an exchange of 2,319 shares, Sygnus Credit Investments declined 0.02 of one cent to 7.42 US cents after closing with 5,400 stocks changing hands, Sygnus Real Estate Finance USD share remained at 8 US cents with traders dealing in 1,741 stock units and Transjamaican Highway advanced 0.03 of one cent to end at 2.49 US cents after an exchange of 806,121 shares.
In the preference segment, JMMB Group 7.5% sank 1 cent to close at US$1.97 with investors swapping 2,917 stock units and Productive Business Solutions 9.25% remained at US$10.11 with 18 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.stock
The market closed with a mere 134,176 shares changing hands at just US$5,186, well below the 329,701 stocks at US$12,304 on Monday.
Trading on Monday averaged 29,973 shares at US$1,119 far below the average of 61,551 stocks at US$2,066 on Friday, with a month to date average of 36,602 units at US$1,619 within the range of 37,859 stocks at US$1,713 on the previous trading day and well below April that ended with an average of 261,717 units for US$10,686.
The market closed with an exchange of 217,386 shares for US$11,618, falling from 264,864 stocks at US$21,126 on Wednesday.
Despite the jump in the number of companies traded, the market closed with an exchange of just 309,324 shares for US$9,698 compared to 99,850 shares at US$12,828 on Friday.
The market closed with an exchange of 6,757,426 shares for US$186,982, up from 218,515 stock units at US$14,425 on Tuesday.
The market closed with an exchange of 1,023,379 shares for US$89,468, up from 433,666 stock units at US$22,834 on Friday.
The market closed with an exchange of 870,827 shares for US$59,277 compared to 3,246,465 stocks at US$123,728 on Wednesday.
The market closed with an exchange of 631,514 shares for US$47,545 compared to 2,201,110 stock units at US$192,691 on Tuesday.