Transjamaican Highway commanded 92 percent of the day’s trade leading to a 5,147 percent surge in volume with a 719 percent higher value on Friday on the Jamaica Stock Exchange US dollar over trading on Thursday with an exchange of seven securities on both days, as the market closed with an exchange, with prices of three rising, one declining, with three left unchanged.
The market closed with an exchange of 3,135,427 shares for US$102,687 jumping from 59,756 stock units at US$12,538 on Thursday.
Trading averaged 447,918 shares at US$14,670 compared to 8,537 stocks units at US$1,791 on Thursday, with a month to date average of 130,635 units at US$6,200, increasing from 109,483 stocks at US$5,635 on the previous day and August that ended with an average of 261,739 units for US$8,269.
Heavy trading did not prevent the US Denominated Equities Index from slipping, with a 7.33 points fall to finish at 196.36. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.5. 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 2026.
At the close of the market, First Rock Real Estate USD share ended at 2.48 US cents after 241 shares were exchanged, Productive Business Solutions fell 15 cents to 85 US cents with 160 stocks being traded, Proven Investments remained at 10 US cents as investors passed 252,341 units through the market. Sterling Investments inched 0.01 of one cent higher to finish at 2.03 US cents after a transfer of a mere one share and Transjamaican Highway rose 0.06 of a cent in closing at 2.64 US cents as investors exchanged 2,881,915 stock units.In the preference segment, JMMB Group 7.5% ended at US$2.10 with a transfer of 619 shares and Sygnus Credit Investments E8.5% advanced 6.02 cents to US$9.41 as 150 stocks crossed the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.