Transjamaican reverses recent declines


Transjamaican Highway jumped back sharply to winning ways on Monday, with the price surging 50 cents and erasing a big chunk of the fall last week, with investors trading just over 6 million shares, amounting to 41 percent of stocks traded on the Jamaica Stock Exchange Main Market on Monday. Overall, the volume of stocks traded jumped 43 percent with a marginally higher value compared to Friday, following trading in 62 securities compared with 63 on Friday, with prices of 23 rising, 22 declining and 17 ending unchanged.

The market closed with 14,908,834 shares trading for $89,566,329 after rising from 10,418,450 stock units at $88,310,564 on Friday.
Trading averaged 240,465 shares at $1,444,618, after increasing from 165,372 stock units at $1,401,755 on Friday and month to date, an average of 230,673 stock units at $1,767,212, compared with 228,670 shares at $1,833,222 on the prior day and January, with an average of 271,336 units at $2,043,022.
Transjamaican Highway led trading with 6.14 million shares for 41.2 percent of total volume, followed by QWI Investments, with 2.29 million stocks for 15.3 percent of the day’s trade, Sagicor Select Financial Fund closed with 1.75 million stock units for 11.7 percent of the volume traded and JMMB Group 10% with 1.12 million units for 7.5 percent of market share.
The All Jamaican Composite Index increased 167.39 points to 397,095.60, the JSE Main Index sank 902.31 points to 341,459.41 and the JSE Financial Index slipped 0.98 points to 61.98. At the close, the Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 17.7. 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 the market, Caribbean Cement skidded 50 cents to $110 after the transfer of 27,945 shares, Caribbean Producers sank 44 cents to end at $6.35 with 104,105 stock units changing hands, Carreras gained $1 in closing at a record high of $20.55 after an exchange of 657,015 shares. Eppley rose $1.40 to finish at $33.95 in trading of 2,152 stock units, General Accident rose by $1.03 to $6.03 after closing with an exchange of 862 stocks, GraceKennedy shed $1.11 to close at $70 with investors trading 63,348 shares. Guardian Holdings popped $23.83 to $363.83 with an exchange of 537 stock units, Jamaica Producers increased $1.25 to $24 with 146 units passing through the market, JMMB Group climbed 60 cents to end at $17.60 with a transfer of 133,361 stocks. Margaritaville rallied $1.03 to finish at $11.33 as investors exchanged a mere one unit, Mayberry Jamaican Equities rose $1.69 and ended at $7.70 with 704,805 shares clearing the market, MPC Caribbean Clean Energy advanced 80 cents to close at $44.50 after an exchange of 845 shares. NCB Financial lost 76 cents to close at $42 with investors swapping 151,185 stock units, 138 Student Living slipped 36 cents to end at $2.75 in an exchange of 16,345 shares, Portland JSX sank $1.50 to a 52 weeks low of $8.50 with 8,000 stock units crossing the market. Proven Investments popped 35 cents to finish at $13.90 after trading 17,414 stocks, Sagicor Group gained $2.39 and ended at $40.39 with 29,661 stock units crossing the exchange, Seprod dropped $1.37 to close at $81.43 with investors trading 4,622 shares. Stanley Motta fell 48 cents to $6.02 in an exchange of 5,856 units, Supreme Ventures dipped 56 cents and ended at $16.84 with 22,719 stocks passing through the market and Transjamaican Highway increased 50 cents in closing at $6.40 with investors dealing in 6,137,092 stock units.
In the preference segment, Jamaica Public Service 9.5% climbed $98 to close at $2,598 with traders switching ownership of 22 shares, 138 Student Living preference share declined $31.98 to finish at $212 with traders dealing in 53 stock units and Sygnus Credit Investments 10% rallied 50 cents to end at $106.50 with 4 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com