Trading activity picked up on the US Dollar Market of the Jamaica Stock Exchange on Wednesday, due largely to Transjamaican Highway grabbing 69 percent of shares traded. Trading volume of rose 200 percent with a 105 percent greater value than on Tuesday, resulting from an exchange of four securities, down sharply from 12 on Tuesday with prices of two rising, one declining and one ending unchanged.
The market closed with an exchange of 355,844 shares for US$18,142, with a jump from only 118,617 stock units at US$8,845 on Tuesday.
Trading ended with an average of 88,961 shares at US$4,535 after jumping from just 9,885 stock units at US$737 on Tuesday, with a month to date average of 253,803 units at US$11,609 after slipping from 263,793 stock units at US$12,037 on the previous day and April that ended with an average of 121,441 units for US$6,732.
The US Denominated Equities Index gained 2.20 points to 274.41. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 10.1. 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 trading on wednesday,
Proven Investments slipped 0.01 of a cent to finish at 6.99 US cents with investors dealing in 29,826 shares, Sygnus Credit Investments climbed 0.01 of one cent and ended at 6 US cents after traders swapped 79,895 units and Transjamaican Highway rose 0.08 of one cent to 4.63 US cents in switching ownership of 245,884 stocks.
In the preference share segment, JMMB Group US8.5% remained at US$1.10 with traders dealing in 239 shares.
Prices of stocks traded are those for the last transaction unless otherwise stated.