Transjamaican Highway traded 99 percent of all the shares traded on the Jamaica Stock Exchange US dollar market on Monday, driving the volume of stocks traded up by 2,402 percent with a 546 percent greater value than on Friday, resulting from an exchange of seven securities, compared with six on Friday with prices of three rising, one declining and three ending unchanged.
The market closed with an exchange of 20,195,931 shares for US$634,902 well above the 807,161 stocks that were exchanged on Friday for US$98,342.
Trading averaged 2,885,133 shares at US$90,700, substantially surpassing the 134,527 stocks at just US$16,390 on Friday. Trading for the month to date averages 541,837 units at US$19,752 up from 44,775 stocks at US$4,703 on the previous day and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index increased 3.15 points to 212.90. The Investor’s Choice bid-offer indicator shows four 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 10.8. 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, Productive Business Solutions ended at US$1.45 with investors dealing in 23 shares, Proven Investments rose 1.5 cents to 10.5 US cents with 187 stock units clearing the market, Sygnus Credit Investments declined 0.31 of one cent and ended at 6 US cents with investors trading 76,228 shares and Transjamaican Highway gained 0.09 of one cent to finish at 2.55 US cents with 20,050,886 units changing hands.
In the preference segment, JMMB Group 7.5% preferred share remained at US$2 with traders dealing in 60,000 stocks, JMMB Group US8.5% preference share ended at US$1.03 with 8,591 shares crossing the market and Sygnus Credit Investments US 8% popped 5 cents to US$8.25 in trading 16 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.