Transjamaican towers over JSE USD Market on Thursday

Transjamaican Highway towered over the Jamaica Stock Exchange US dollar market on Thursday, with investors exchanging more than 51 million shares of the company, pushing the volume of stocks traded in the market up by a stunning 21,971 percent and the value 5,891 percent more than on Wednesday, resulting from an exchange of six securities, compared to seven on Wednesday with prices of three rising and three ending unchanged.
The market closed with an exchange of 51,055,916 shares valued US$1,092,742 compared to 231,331 units at US$18,240 on Wednesday.
Trading averaged 8,509,319 shares at US$182,124 compared to 33,047 stocks at US$2,606 on Wednesday, with a month to date average of 668,505 shares at US$16,048 compared with 57,533 units at US$3,107 previously and September that ended with an average of 161,382 stock units for US$5,462.
The US Denominated Equities Index gained 2.98 points to end at 224.27. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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, Sterling Investments remained at 1.49 US cents and closed in trading 254 shares, Sygnus Credit Investments gained 0.29 of one cent to close at 7.29 US cents in switching ownership of 300 stocks, Sygnus Real Estate Finance USD share ended at 5.5 US cents after an exchange of 1,700 shares and Transjamaican Highway rose 0.1 of a cent and ended at 2.11 US cents after 51,043,647 stock units passed through the market.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.09 in an exchange of 10,014 shares and JMMB Group 5.75% climbed 29.7 cents to close at US$1.98 with investors dealing in just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.