The main market of the Jamaica Stock Exchange rose moderately on Friday with declining stocks having the upper hand on advancing stocks as 42 securities changed hands, in all market segments with 10 rising and 17 declining and 1 closing at a 52 week’s highs with one trading at an intraday high.
The market closed with 2,828,829 units valued at $41,439,170 changing hands in all markets. The junior market accounted for 988,659 units that changing hands, valued at $3,655,969.
The JSE Market Index fell 820.25 points to end at 153,091.08, the all Jamaica Composite Index dropped 917.34 points to end at 170,043.51 and the JSE combined index lost 825.39 points added, to close at 161,692.53.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 10 stocks with bids higher than their last selling prices and 10 with lower offers.
At the end of the market activities, Berger Paints traded 30,352 shares but lost 24 cents, in landing at $3.76, Cable & Wireless traded only 13,977 units, to close at $1.25, Caribbean Cement lost $3.49 with 2,600 shares changing hands to end at $25, Carreras traded 3,340 shares to end at $66.15. Grace Kennedy closed with 12,101 shares changing hands at $82, Jamaica Broilers traded 34,098 units to close at $14.80, Kingston Wharves traded 9,299 shares to close at $11.50, Margaritaville (Turks) traded 298,149 shares to close at a 52 weeks’ high of 16 US cents up from 13.5 cents. Mayberry Investments gained 42 cents in trading 5,000 shares cents to end at $4.50. National Commercial Bank fell $1.20 with 87,181 shares changing hands to close at $40.05, Pan Jamaican Investments rose 5 cents in trading 4,288 shares to close at $93.05, Radio Jamaica traded 132,411 shares and fell 6 cents to close at $1.4o. Sagicor Group ended with 56,564 shares changed hands at $23.70, Sagicor Real Estate Fund traded 69,655 shares to close at $11. Scotia Group shed 62 cents while trading 392,655 shares to close at $30, Scotia Investments fell $1.49 with 2,100 shares changing hands to end at $28. Seprod jumped $3 to end at $19 with 12,000 shares changing hands, Sterling Investments traded 45,000 units and gained 25 cents to end at $13, Supreme Ventures closed at $4.99 with 127,150 units changing hands and Proven Investments ordinary shares traded 501,600 units to end at 17.5 US cents down from 18 cents previously.
Archives for April 2016
Losses for JSE on Friday
Modest loss for TSE stocks – Friday
The market closed with the Composite Index fell by 0.12 points to close at 1,133.04, the All T&T Index declined 0.04 points to close at 1,812.30 and the Cross Listed Index declined by 0.03 points at 60.27.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 5 with offers that were lower. The market still reflects signs of weakness with about a third of the listings with no bids to buy.
Gains| National Flour ended with 139,449 shares changing hands to close with a gain of 4 cents at $2.10 and West Indian Tobacco added 5,942 shares valued at $750,356 as the price gained 1 cent to close at $126.28.
Losses| Clico Investment Fund lost 1 cent to end at $22.55 with 6,059 shares changing hands, First Citizens had 860 shares changing hands with the price declining by 1 cent to end at a 52 weeks’ low of $33.99 and Grace Kennedy traded with 4,411 shares changing hands with a loss of 5 cents to $5.15.
Firm Trades| ANSA McAl added 1,788 shares to end at $63, Ansa Merchant Bank traded 116 units at $38.95, JMMB group traded 2,505 shares to close at 59 cents, National Commercial Bank traded 49,160 shares at $2.40. Sagicor Financial closed at $7 with 17,407 units changing hands and Trinidad and Tobago NGL closed at $20.10 as 2,750 units traded.
JSE’s modest trading early Friday
Trading the Jamaican Stock Exchange for the first day of April is off to a slow start in the morning session with only moderate volumes and with a number of the last traded prices on Thursdays either falling back or showing signs of doing so. A total of 19 securities, accounting for only 234,798 shares have changed hands at 10.45 am as 5 stocks gained and 8 declined
After 75 minutes of the market’s opening, Caribbean Cement that last traded at $28.49 was offered at $27, while Jetcon Corporation traded at a new high of $2.99 while National Commercial Bank lost 65 cents to trade at $40.60 with a small volume.
The main market indices suffered moderate gains but the juniors fell by a greater degree with the all Jamaica Composite Index falling 45.81 points to 170,915.04, the JSE Market Index fell 40.96 points to 153,870.37 the JSE combined index ending with a loss of 254.34 points to 162,263.58 and the junior market index dropped 21.09 points to 1,904.13.