Transjamaican Highway far and away the volume leader after capturing 95.6 percent of the day’s volume, sending trading activity soaring, on the US Dollar Market of the Jamaica Stock Exchange on Thursday, with the volume and the value of stocks traded well above that on Wednesday. A total of eight securities were traded, compared with five on Wednesday, with prices of five rising and three ending unchanged.
The market closed with an exchange of 922,462 shares for US$57,771, up from a mere 16,748 stock units at a minuscule US$664 on Wednesday.
Trading ended with an average of 115,308 shares at US$7,221 compared to 3,350 stock units at US$133 on Wednesday, with a month to date average of 910,617 units at US$302,646 after an exchange of 979,775 stock units at US$328,335 on the previous day and well above the average for May with an average of 180,903 units for US$8,607.
The US Denominated Equities Index increased 6.80 points to conclude trading at 239.31. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.7. ICInsider.com compiles the earnings per share and the PE used in this report. The PE 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, Margaritaville remained at 6.96 US cents with 132 shares crossing the exchange, Productive Business Solutions rallied 1.68 cents to 42 US cents with a transfer of 34,860 stocks, Proven Investments rose by 0.55 of a cent to 6.9 US cents after trading of 1,988 shares. Sterling Investments ended at 2 US cents with 860 stocks passing through the market, Sygnus Real Estate Finance USD share rallied 1.18 cents to finish at 4.94 US cents with trading in 799 units and Transjamaican Highway popped 0.13 of one cent and ended at 5 US cents after a transfer of 882,287 shares.
In the preference share segment, JMMB Group US8.5% climbed 5 cents to US$1.10 following trading of 1,531 stocks and AS Bryden 6% remained at US$1 after an exchange of 5 units.
Prices of stocks trading are those for the last transaction unless otherwise stated.