Transjamaican, the Highway 2000 operators, carved out just over 98 percent of all shares moving over the Jamaica Stock Exchange US dollar market on Friday resulting in a 430 percent hike in the volume of stocks traded, having 184 percent more value than on Thursday with market activity leading to six securities switching owners, compared with seven on Thursday with prices of just one rising, two declining and three ending unchanged.
The market closed with an exchange of 818,516 shares for US$25,705, shooting up from 154,390 stocks at US$9,049 on Thursday.
Trading averaged 136,419 shares at US$4,284 well above 22,056 stocks at US$1,293 on Thursday, with a month to date average of 44,113 units at US$1,698, up from 38,461 stocks at US$1,540 on the previous day, versus April, with an average of 261,717 units for US$10,686.
The USD Denominated Equities Index sank 0.55 points to 246.36. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 12. 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 ended at 1.98 US cents after an exchange of 2,319 shares, Sygnus Credit Investments declined 0.02 of one cent to 7.42 US cents after closing with 5,400 stocks changing hands, Sygnus Real Estate Finance USD share remained at 8 US cents with traders dealing in 1,741 stock units and Transjamaican Highway advanced 0.03 of one cent to end at 2.49 US cents after an exchange of 806,121 shares.
In the preference segment, JMMB Group 7.5% sank 1 cent to close at US$1.97 with investors swapping 2,917 stock units and Productive Business Solutions 9.25% remained at US$10.11 with 18 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.stock