Transjamaican grabs 78% JSE USD market


Trading surged on the Jamaica Stock Exchange US dollar market on Friday with Transjamaican taking 78 percent of the volume that jumped 183 percent with the value climbing 111 percent above Thursday’s trades resulting in an exchange of seven securities compared with eight on Thursday with prices of one rising and six ending unchanged.

The market closed with an exchange of 1,553,053 shares for US$42,992, increasing from 548,952 stocks for US$20,373 on Thursday.
Trading averaged 221,865 shares at US$6,142 up from 68,619 stocks at US$2,547 on Thursday, with a month to date average of 79,559 units at US$7,265 going from 69,696 stocks at US$7,343 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index lost 4.49 points to finish at 224.32. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 10.8. 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 2.1 US cents with investors swapping 5 stock units, Margaritaville remained at 9.5 US cents after an exchange of 905 units, MPC Caribbean Clean Energy ended at 40 US cents in trading 246 shares. Proven Investments closed at 10 US cents in trading 49,190 stock units, Sygnus Credit Investments ended at 6.31 US cents in an exchange of 27,222 shares and Transjamaican Highway rallied 0.03 of a cent to close at 2.63 US cents with 1,475,472 stock units crossing the market.
In the preference segment, Sygnus Credit Investments US 8% finished trading at US$8.55 as investors exchanged 13 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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