Transjamaican big trading day

Transjamaican Highway dominated trading with more than 12 million shares changing hands on the Jamaica Stock Exchange US dollar market on Wednesday and resulting in the volume of stocks traded surging 9,215 percent and the value 1,233 percent more than at the close on Tuesday and ending with an exchange of four securities, down from seven on Tuesday with prices of one rising two declining and one ending unchanged.
The market closed with an exchange of 12,237,755 shares for US$232,672 compared to 131,371 units at US$17,455 on Tuesday.
Trading averaged 3,059,439 shares at US$58,168, sharply up from 18,767 stock units at US$2,494 on Tuesday, with a month to date average of 324,358 shares at US$8,998 compared with 214,954 units at US$7,032 on the previous day and July that ended with an average of 30,304 stocks for US$2,118.
The US Denominated Equities Index declined 2.39 points to wrap up trading at 226.68.
The PE Ratio, a well used measure to determine appropriate stock values, averages 7.7. 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.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville declined 1.2 cents and ended at a 52 weeks’ low of 6.8 US cents with traders dealing in 737 stock units, Proven Investments advanced 0.2 of a cent to 9.8 US cents after a transfer of 882 shares, Sygnus Credit Investments remained at 7.1 US cents with 668 units changing hands and Transjamaican Highway slipped 0.01 of one cent to 1.9 US cents with an exchange of 12,235,468 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.