Transjamaican leads JSE USD Market


Fresh from the successful public sale of shares in Transjamaican by NROCC, shares of Jamaica’s toll road operator, cornered nearly half of the trading on the Jamaica US dollar market on Thursday resulting in the volume of stocks traded surging 111 percent with 83 percent less value than on Wednesday and ending in trading of eight securities, down from 10 on Wednesday with prices of three rising, three declining and two ending unchanged.

The market closed with an exchange of 548,952 shares for just US$20,373 compared to 259,595 stocks at US$117,525 on Wednesday.
Trading averaged 68,619 shares at US$2,547 compared to 25,960 stocks at US$11,753 on Wednesday, with a month to date average of 69,696 units at US$7,343 aligned with 69,788 stocks at US$7,756 on the previous day compared to February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index shed 8.07 points to finish at 228.81. 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, one of the best known measures to determine appropriate stock values, averages 10.7. 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 popped 0.02 of a cent to close at 2.1 US cents in an exchange of 139,921 shares, Margaritaville increased 0.01 of a cent to 9.5 US cents in trading of a mere one stock, Productive Business Solutions dropped 25 cents to end at US$1.45 after an exchange of 139 shares. Proven Investments ended at 10 US cents with investors trading 21,445 stock units, Sygnus Credit Investments lost 0.69 of a cent to finish at 6.31 US cents with 120,481 shares crossing the exchange and Transjamaican Highway rallied 0.27 of one cent to close at 2.6 US cents with investors trading 266,945 stocks.
In the preference segment, JMMB Group US8.5% preference share sank 0.5 of one cent to US$1.03 with 16 units clearing the market and Sygnus Credit Investments US 8% remained at US$8.55 in an exchange of 4 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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