Transjamaican pushes JSE USD trades


Trading climbed on the Jamaica Stock Exchange US dollar market on Friday, following an exchange of 611,732 units of Transjamaican Highway shares accounting for nearly 73 percent of the overall volume traded following a 946 percent jump in the volume of stocks traded with a 211 percent more value than on Thursday, resulting from an exchange of seven securities, compared with eight on Thursday with prices of three rising, two declining and two ending unchanged.

The market closed after an exchange of 843,267 shares for US$30,797 compared with 80,626 stock units at US$9,893 on Thursday.
Trading ended with an average 120,467 stock units at US$4,400 compared to 10,078 shares at US$1,237 on Thursday, with a month to date average of 58,908 units at US$3,028 compared with 54,555 stocks at US$2,931 on the previous day and December that ended with an average of 229,957 shares for US$7,451. The US Denominated Equities Index shed 4.42 points to conclude trading at 234.01. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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 popped 9.08 cents in closing at 69.58 US cents with investors trading just 7 stock units, Proven Investments climbed 0.9 of a cent to 12.8 US cents with an exchange of 46,301 shares, Sterling Investments rose 0.03 of one cent to close at 1.75 US cents while 73,573 stocks were traded. Sygnus Credit Investments slipped 0.9 of a cent to 6 US cents as investors exchanged 111,539 units, Sygnus Real Estate Finance USD share ended at 5.9 US cents to close with 67 stocks changing hands and Transjamaican Highway dipped 0.33 of one cent to finish at 2.56 US cents in an exchange of 611,732 units.

In the preference segment, Productive Business Solutions 9.25% preference share remained at US$10.70 with 48 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com