Transjamaican blows up trading on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded surging 13,151 percent with an 8,883 percent greater value than on Monday, following a big trade in Transjamaican Highway shares, resulting in the exchange of six securities, compared to seven on Monday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 16,703,911 shares for US$317,585 well up on 126,060 stock units at US$3,535 on Monday.
Trading averaged 2,783,985 stock units at US$52,931 versus 18,009 shares at US$505 on Monday, with a month to date average of 414,766 shares at US$8,925 compared with 50,271 units at US$2,155 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index advanced 0.32 points to close trading at 221.76.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, First Rock Real Estate USD share rallied 0.94 of one cent in closing at 4.74 US cents as investors exchanged just one stock unit, Proven Investments rose 0.09 of a cent to 10.9 US cents, with 405 shares being traded, Sterling Investments ended at 1.64 US cents in trading a mere 3 stocks. Sygnus Real Estate Finance USD share gained 0.2 of a cent to finish at 9 US cents with 1,600 units crossing the market and Transjamaican Highway dropped 0.09 of a cent to end at 1.9 US cents with traders dealing in 16,701,897 shares.
In the preference segment, Sygnus Credit Investments E8.5% sank 83.99 cents to close at US$9.50 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.