Record close for JSE USD Market


The US Dollar Market Index of the Jamaica Stock Exchange climbed 8.33 points to a record close at 318.25 on Friday, with market rising 50 percent, for the year to date, following sharp increased trading that ended with the volume and value of stocks changing hands more than doubling compared with Wednesday. Investors exchanged 11 securities, up from nine on Wednesday with prices of three rising, three declining and five ending unchanged.

The market closed with an exchange of 1,615,358 shares for US$116,966 after surging from 764,110 stock units at US$58,570 on Wednesday.
Trading ended with an average of 146,851 shares at US$10,633 with an increase from 84,901 stock units at US$6,508 on Wednesday, Tradingfor the month to date averages 200,142 units at US$13,928 down from 219,052 stock units at US$15,097 on the previous day and July that ended with an average of 132,012 units for US$49,788.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the commonly used measures to determine appropriate stock values, averages 15.5. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, AS Bryden increased 0.02 of a cent to end at 16.92 US cents after trading of 2 units, First Rock Real Estate USD share lost 0.13 of one cent in closing at 1.87 US cents with 10,862 stocks clearing the market, Margaritaville ended at 5.86 US cents with investors trading 58 shares. Productive Business Solutions climbed 3 cents and ended at 75 US cents after an exchange of 3 stock units, Proven Investments rose 0.41 of a cent to finish at 5.51 US cents with 214,194 shares changing hands, Quantas Advantage remained at 9.52 US cents after a transfer of 4,000 units. Sterling Investments ended at 2 US cents with 275 stocks crossing the market, Sygnus Credit Investments slipped 0.1 of a cent and ended at 5.4 US cents with120,491 shares changing hands and Transjamaican Highway fell 0.28 of a cent and ended at 7.65 US cents with 1,265,461 shares passing through the market.
In the preference segment, JMMB Group 7.5% remained at US$2.03 with an exchange of 10 units and AS Bryden 6% remained at US$1 in switching ownership of 2 stocks.
Prices of securities trading are those of the last transaction.

About IC Insider.com