Transjamaican pumps up JSE USD trades


Trading in Transjamaican Highway jumped sharply with more than 10.8 million of its shares were exchanged on the Jamaica Stock Exchange US dollar market on Wednesday, pushing the volume of stocks traded on the market surging 3,236 percent over trading on Tuesday, with a 2,636 percent leap in value, resulting in the exchange of six securities, compared with seven previously with prices of three rising, two declining and one ending unchanged.

The market closed with an exchange of 10,853,995 shares for US$299,532 up from just 325,340 stocks at US$10,946 on Tuesday.
Trading averaged 1,808,999 shares at US$49,922 compared to 46,477 stocks at US$1,564 on Tuesday, with a month to date average of 136,283 units at US$5,038 compared with 54,018 stocks at US$2,831 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index sank 1.61 points to settle at 236.80. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.3. 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, MPC Caribbean Clean Energy declined 4.58 cents to 65 US cents with a transfer of a mere one share, Proven Investments ended at 12.79 US cents as investors exchanged 792 stocks, Sterling Investments gained 0.29 of a cent to end at 1.75 US cents after 1,070 shares passed through the market. Sygnus Credit Investments rose 0.8 of a cent in closing at 6.95 US cents after trading 2,866 stock units and Transjamaican Highway fell 0.07 of one cent to close at 2.8 US cents with a heavy trade of 10,849,216 shares.

In the preference segment, Productive Business Solutions 9.25% preference share climbed 30 cents to finish at US$10.70 after an exchange of 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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