Transjamaican Highway leads trading on the Jamaica Stock Exchange US dollar market on Thursday, with 58 percent the volume traded, with Proven Investments accounting for 41 percent with trading increasing by 70 percent with 111 percent greater value than on Wednesday, resulting in exchange of seven securities, down from nine on Wednesday with prices of two rising and five ending unchanged.
The market closed with an exchange of 1,881,720 shares for US$213,579, well more than the 1,108,531 stocks at US$101,391 on Wednesday.
Trading averaged 268,817 shares at US$30,511, well above the 123,170 stocks at US$11,266 on Wednesday, with a month to date average of 92,935 units at US$9,026 up above 83,678 stocks at US$7,895 on the previous day and in comparison to February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index fell 0.79 points to end at 214.43. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, the most frequently used measure to determine appropriate stock values, averages 10.4. 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, Proven Investments ended at 9 US cents after an exchange of 721,330 stocks, Sterling Investments remained at 1.87 US cents with investors swapping 3,100 units, Sygnus Credit Investments ended at 7 US cents in an exchange of 12,874 shares and Transjamaican Highway rose 0.04 of a cent in closing at 2.41 US cents with 1,083,316 stock units changing hands.
In the preference segment, JMMB Group 7.5% preferred share rallied 1 cent to finish at US$2.01 with traders dealing in 58,000 shares, JMMB Group US8.5% preference share remained at US$1.03 after an exchange of 3,090 stock units and Productive Business Solutions 9.25% preference share remained at US$10.80 in trading 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.