JSE USD Market jumps 24% in January


The US Dollar Market of the Jamaica Stock Exchange Index closed just over 12 points higher on Tuesday, with the market index climbing by 23.6 percent for the year to date. The volume of stocks traded rose 39 percent with a 27 percent lower value than on Monday, after an exchange of nine securities, compared with 11 on Monday, with prices of three rising, two declining and four ending unchanged.

Transjamaican Highway hits record high

The market closed with an exchange of 1,178,513 shares for US$67,962, up from 847,820 stock units at US$93,018 on Monday.
Trading ended with an average of 130,946 shares at US$7,551, after trading of 77,075 stock units at US$8,456 on Monday, with a month to date average of 66,932 units at US$8,305, closely aligned with 63,714 stock units at US$8,343 on the previous day and December that ended with an average of 75,710 units for US$4,415.
The US Denominated Equities Index rallied 12.34 points to conclude trading at 262.20. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 10. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of the market, AS Bryden increased by 3 cents to close at 25 US cents with 40 shares changing hands, MPC Caribbean Clean Energy skidded 5.45 cents to close at a record low of 24.55 US cents in an exchange of 238 stocks, Productive Business Solutions ended at US$1 with investors dealing in 119 shares. Proven Investments lost 0.39 of one cent to finish at 8.41 US cents in an exchange of 5,280 units, Sygnus Credit Investments remained at 6.9 US cents with 6,860 stock units clearing the market and Transjamaican Highway popped 0.1 of a cent in closing at a record high of 4.1 US cents with a transfer of 1,157,047 shares.

In the preference segment, JMMB Group 7.5% remained at US$2 after trading of 8,397 stocks, JMMB Group US8.5% ended at US$1.18 with dealers switching ownership of 232 units and Sygnus Credit Investments E8.5% rallied 10 cents to end at US$10 with investors swapping 300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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