Transjamaican Highway traded 2.5 million shares on Wednesday, pushing the volume of stocks traded up by a substantial 8,704 percent increase accompanied with an 876 percent greater value than on Tuesday on the Jamaica Stock Exchange US dollar market, following an exchange of five securities, compared with eight on Tuesday with prices of two rising, one declining and two ending unchanged.
The USD market closed after investors exchanged 2,521,741 shares valued at US$130,691 up sharply from 28,644 stocks at US$13,387 on Tuesday.
Trading ended with an average of 504,348 shares at a value of US$26,138 well above the mere 3,581 stocks at US$1,673 on Tuesday, with a month to date average of 129,511 units at a value of US$7,323 compared to 12,374 stocks at US$1,444 on the previous day and January with an average of 103,137 units for US$4,549.
The US Denominated Equities Index dipped 1.48 points to 241.96. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 7.5. 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 day, Proven Investments climbed 0.81 of a cent to close at 12.8 US cents as investors exchanged 4,110 stocks, Sterling Investments popped 0.08 of one cent to 1.88 US cents in trading 200 units, Sygnus Credit Investments ended at 6.8 US cents after an exchange of 2,475 shares and Transjamaican Highway declined 0.01 of one cent to finish at 2.79 US cents with 2,509,086 stock units passing through the market.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$10.40 with 5,870 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.