Transjamaican Highway closes at record high


Jamaica’s premier toll road operator, Transjamaican Highway closed at a record high of $7.10, following news of a 30 percent rise in dividend to be paid in April, compared with the amount paid in April last year, following trading of 4.2 million shares on the Jamaica Stock Exchange Main Market on Monday. The market closed with the volume of stocks traded declining 62 percent and the value 22 percent lower than on Friday following trading in 59 securities, up from 57 on Friday, with prices of 15 rising, 32 declining and 12 ending unchanged.

The market closed with just a mere 7,397,470 shares being trading at $56,740,520, down from 19,305,704 units at $72,750,971 on Friday.
Trading averaged 125,381 shares for $961,704 compared to 338,697 stock units at $1,276,333 on Friday and month to date, an average of 203,960 units at $2,952,650, after just slipping from 209,123 shares at $3,083,458 on the previous day and for February, with an average of 296,521 stock units at $2,650,049.
On a day of light trading only one stock had more than a million units changing hands as Transjamaican Highway led trading with 4.21 million shares for 57 percent of total volume followed well behind by Sagicor Select Financial Fund with 523,061 units for 7.1 percent of the day’s trade and Wigton Energy with 362,886 stocks for 4.9 percent of the volume traded.
The All Jamaican Composite Index climbed by 78.40 points to399,674.68, the JSE Main Index rallied by 66.85 points to close at 341,772.57 and the JSE Financial Index slipped 0.10 points to end at 62.87.
At the close of the market, the Investor’s Choice bid-offer indicator ended trading with 13 stocks with bids higher than their last selling prices and two with lower offers.
The Main Market concluded trading with an average PE Ratio of 20.3. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading, AS Bryden slipped 42 cents to end at $29.58 with 8,467 shares crossing the market, Barita Investments gained 43 cents to close at $69.50 with investors trading 3,398 stocks, Caribbean Cement dropped $1.50 to end at $101 with 24,874 shares crossing the market. GraceKennedy fell 99 cents to close at $69.01, following trading of 21,526 units, Jamaica Broilers dipped 75 cents to finish at a 52 weeks low of $14.20 with 153,426 stock units changing hands, Kingston Properties lost 47 cents in closing at $10.48 with investors trading 9,324 shares. Pan Jamaica declined $1.25 to $47 in switching ownership of 20,698 stocks, Sagicor Group sank $1.23 to finish at $40.52 with 44,590 units crossing the exchange, Sagicor Real Estate Fund slipped $2.19 and ended at $6.81 in trading 128,209 stock units. Seprod shed $1.28 in closing at $77 after an exchange of 990 shares, Stanley Motta skidded 82 cents to close at $5.15 with 5,000 stock units clearing the market and Sygnus Real Estate Finance rose 38 cents to end at $10.89 in an exchange of 2,180 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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