Transjamaican tops JSE USD trading


Transjamaican Highwaycontributing94 percent of the value of trades on the US Dollar Market of the Jamaica Stock Exchange on Wednesday. The volume of stocks traded jumped 113 percent with a 117 percent more value than on Tuesday following an exchange of six securities, compared with eight on Tuesday with prices of two rising, three declining and one ending unchanged.
The market closed with an exchange of 690,528 shares for US$34,802 well above the 324,062 stock units that traded at US$16,054 on Tuesday. The market closed with an average of 115,088 shares at US$5,800 well over the 40,508 stock units at US$2,007 on Tuesday. Trading for the month to date averages 205,522 units at US$9,486 after slipping from 211,294 stock units at US$9,722 on the previous day and April that ended with an average of 121,441 units for US$6,732. The US Denominated Equities Index slipped 1.81 points to settle at 264.37. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers. The PE Ratio, one of the most used measures to determine appropriate stock values, averages 9.2. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026. At the close of trading, Margaritaville skidded 0.05 of one cent in closing at 5 US cents in trading 2,685 shares, Productive Business Solutions sank 17 cents to 93 US cents after an exchange of 6 stock units, Proven Investments rallied 0.01 of one cent and ended at 7 US cents with investors trading 3,934 shares. Sygnus Credit Investments increased 0.01 of one cent to 6 US cents in an exchange of 10,992 units and Transjamaican Highway slipped 0.29 of a cent to close at 4.5 US cents with investors swapping 672,806 stocks. In the preference share segment, Sygnus Credit Investments E8.5% remained at US$10 with a transfer of 105 shares. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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