Transjamaican trades 111.5m shares


Transjamaican Highway topped trading on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with 111.5 million shares, pushing the volume of stocks traded in the market up by 3,579 percent with a 1,814 percent more value than on Monday, resulting from an exchange of nine securities, compared with 11 on Monday, with prices of two rising, four declining and three ending unchanged.

The market closed with an exchange of 111,613,440 shares for US$6,726,739, up from 3,033,688 stock units at US$351,530 on Monday.
Trading ended with an average of 12,401,493 shares at US$747,415, up dramatically from just 275,790 stock units at US$31,957 on Monday. Trading for the month to date averages 1,312,727 units at US$81,712 compared with 80,642 stock units at US$7,744 on the preceding day and an average of 120,090 units for US$9,981.in September.
The US Denominated Equities Index popped 3.67 points to close at 278.56. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 17.5. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close of the market, AS Bryden remained at 16.85 US cents with trading of 3 units, Productive Business Solutions climbed 10.84 cents to finish at 83.09 US cents with 10 stocks changing hands, Proven Investments lost 0.3 of one cent and ended at 5.7 US cents after it closed with an exchange of 60,357 shares. Quantas Advantage shed 1.49 cents to close at 13.51 US cents after trading of 3,889 stock units, Sterling Investments rose 0.04 of a cent to end at 2.24 US cents with trading of 552 shares, Sygnus Credit Investments shed 0.01 of one cent in closing at 6.57 US cents in trading 300 stock units and Transjamaican Highway skidded by 0.1 of a cent to close at 6 US cents with investors swapping 111,547,585 units.
In the preference segment, AS Bryden 6% ended at US$1 with a transfer of 6 stock units and Sygnus Credit Investments 8% remained at US$10 as investors exchanged 738 shares.
Prices of securities trading are those for the last transaction.

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