Transjamaican Highway dominated trading on the Jamaica Stock Exchange US dollar market on Tuesday, with the stock price hitting a new record high as the volume of stocks commanded the majority of the traded volume in the market following a 169 percent rise in the overall volume traded with a 62 percent greater value than on Monday, resulting from an exchange of nine securities, compared with 10 on Monday with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 1,575,237 shares for US$53,490 up from 585,154 stocks at US$33,029 on Monday.
Trading averaged 175,026 shares at US$5,943 compared to 58,515 stocks at US$3,303 on Monday, with a month to date average of 208,221 stock units at US$9,959 down from 210,370 stocks at US$10,219 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 6.74 points to wrap up trading at 247.48. The Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.2. 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, First Rock Real Estate USD share remained at 2.53 US cents in trading 279 shares, Margaritaville slipped 0.01 of a cent and ended at 8 US cents after a transfer of 81,474 stocks, Proven Investments ended at 11 US cents with traders dealing in 17,598 shares. Sterling Investments remained at 1.55 US cents as investors exchanged 2,000 stock units, Sygnus Credit Investments ended at 7 US cents with 17,618 shares crossing the market, Sygnus Real Estate Finance USD share advanced 0.57 of a cent to end at 4.37 US cents after an exchange of 149 stock units and Transjamaican Highway popped 0.28 of one cent to a record high of 2.99 US cents with 1,455,697 units crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share gained US$1 and ended at US$10 after investors trading 72 stocks and Sygnus Credit Investments US 8% sank 36 cents to end at US$10 with 350 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.