Transjamaican Highway dominated trading on the Jamaica Stock Exchange US dollar market on Tuesday, with an exchange of nearly 6.7 million shares driving the volume of stocks traded in the market up a monumental5,765 percent with a substantial 225 percent greater value than Monday, resulting from an exchange of ninesecurities, up from seven on Monday with prices of four rising, one declining and four ending unchanged.
The market closed with an exchange of 6,731,611 shares for US$194,285 up from just 114,780 stock units at US$59,785 on Monday. Trading averaged 747,957 shares at US$21,587 compared to 16,397 stocks at US$8,541 on Monday, with a month to date average of 166,335 units for US$5,891 compared with 106,851 stocks at US$4,286 on the previous day and November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index slipped 0.27 points to end trading at 226.97. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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 2.4 US cents after 38,996 stock units passed through the market, Margaritaville remained at 6.78 US cents after an exchange of just 14 shares, Proven Investments advanced 0.1 of one cent in closing at 11.1 US cents with 18,735 units crossing the market. Sterling Investments declined 0.06 of a cent to finish at 1.58 US cents after an exchange of just one stock unit, Sygnus Credit Investments remained at 7 US cents after the trading of 500 units, Sygnus Real Estate Finance USD share rose 0.78 of a cent to close at 5.88 US cents with 737 stock units crossing the exchange and Transjamaican Highway ended at 2.83 US cents with investors trading 6,669,205 shares.
In the preference segment, JMMB Group 5.75% climbed 20 cents to end at US$2 with an exchange of 2,500 stock units and Productive Business Solutions 9.25% preference share increased by 1 cent in closing at US$10.21 with 923 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.