Transjamaican grabs 95% of JSE US Market


Trading surged sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with Transjamaican Highway grabbing for 95 percent of the volume of stocks traded and contributing to a 2,992 percent surge in the overall volume traded, with a 1,190 percent greater value than on Tuesday, resulting from the exchange of eight securities, compared with nine on Tuesday, with prices of four rising, two declining and two ending unchanged.

The market closed with an exchange of 6,757,426 shares for US$186,982, up from 218,515 stock units at US$14,425 on Tuesday.
Trading averaged 844,678 shares at US$23,248, sharply ahead of the 24,279 stocks changing hands at US$1,603 on Tuesday, with a month to date average of 261,717 units at US$10,686 compared with 234,444 stocks at US$10,098 on the previous day and March that ended with an average of 261,717 stock units for US$10,686.
The US Denominated Equities Index climbed 15.95 points to wrap up trading at 226.15. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 12. 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, AS Bryden rallied 3.9 cents to end at 19.9 US cents in switching ownership of 22,352 shares, First Rock Real Estate USD share ended at 1.99 US cents with an exchange of 4 stock units, Productive Business Solutions slipped 1 cent to finish at US$1.44 with trading of 2,165 shares. Proven Investments remained at 11 US cents after an exchange of 141,810 stocks, Sterling Investments popped 0.44 of one cent to close at a 52 weeks’ high of 2.4 US cents with a transfer of 156,441 units and Transjamaican Highway advanced 0.72 of one cent in closing at 3 US cents with investors dealing in 6,434,630 stocks.
In the preference segment, Sygnus Credit Investments US 8% slipped 97.9 cents to US$8.721 with 23 units clearing the market and Sygnus Credit Investments E8.5% rose US$1.1999 in closing at US$9.9999 in an exchange of just one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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