JSE USD Market hits record high as Bryden US$8m trade tops market


The US Dollar Market of the Jamaica Stock Exchange inched higher to a new record high and pushed the year to date gains to 36 percent on Thursday. AS Bryden dominated trading with an exchange of 7.8 million shares, for 97 percent of the expanded volume, which shot up 1,352 percent with a huge 16,838 percent greater value than on Wednesday.

Trading took place in eight securities, up from seven on Wednesday, with prices of three rising, two declining and three ending unchanged.
The market closed with an exchange of 8,117,402 shares for US$7,853,389, up from 558,881 stock units at US$46,365 on Wednesday.
Trading ended with an average of 1,014,675 shares at US$981,674, after surging from 79,840 stocks at US$6,624 on Wednesday, with a month to date average of 151,599 units at US$103,811 compared with 52,962 stock units at US$3,483 on the previous day and February that ended with an average of 95,098 units for US$6,755.
The US Denominated Equities Index climbed 3.03 points to end at a record high of 289.17. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 10.9. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of the market, Margaritaville remained at 6.9 US cents with trading of 700 shares, Productive Business Solutions rose 8.98 cents to US$1.24 with a mere one stock unit passing through the market, Proven Investments rose 0.06 of one cent to finish at 8.11 US cents with an exchange of 1,623 shares. Sterling Investments ended trading at 2.2 US cents with 15,327 units crossing the market, Sygnus Credit Investments sank 0.44 of one cent to 6.02 US cents with investors trading 26,213 stocks, Sygnus Real Estate Finance USD share increased 0.73 of a cent to 6.48 US cents in an exchange of 24,922 units and Transjamaican Highway shed 0.1 of one cent in closing at 4.62 US cents with 208,495 stocks crossing the market.

In the preference segment, AS Bryden 6% ended at US$1 after an exchange of 7,840,121 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com