JMMB Group traded 1,790,063 shares but fell 34 cents to $9.50 on Monday.
Total comprehensive income for period, amounted to $1.14 billion versus $894 million in 2015 and is a factor worth paying attention to as it gives a better indication of the performance of the group than the regular profit out turn.
The JMMB Group reported net operating revenue of J$3.42 billion for the first three months of the new fiscal year, reflecting a 9.9 percent increase compared to the corresponding period in 2015 and was due mainly to positive growth in net interest income, fee and commission income and foreign exchange margins from cambio trading.
Keith Duncan, Group Chief Executive Officer of JMMB
Operating revenue grew in all the territories with 26 percent of operating revenue generated outside of Jamaica. Nevertheless, the Jamaican entities continued to post positive performance. In Trinidad and Tobago, the Group’s operations continued to move in a positive trajectory, reporting a 32 percent or J$150.2 million growth in operating revenue at J$614.6 million. The operations in the Dominican Republic also posted growth in operating revenue; up 22 percent or J$49 million to J$275 million.
Operating expenses rose 14 percent to $2.58 billion a bit faster than a 10 percent rise in overall revenues net of interest cost, but if one off gains are adjusted for, revenues would have grown by 31 percent, much faster than operating cost.JMMB Group’s asset base totalled J$245 billion, up J$22 billion or 10 percent relative to a year ago. The growth was due primarily to larger investment and loan portfolios. The investment portfolio increased by J$20 billion or 13 percent to J$171 billion. In addition, loans and advances, net of provision for credit losses was J$40 billion, up 21 percent or J$7 billion. Growth in the asset base was funded by customer deposits and repurchase agreements. Customer deposits increased by J$6 billion or 15 percent to J$46 billion, while repurchase agreements were 7 percent higher at J$156 billion.
Authorized dealers added another $9.5 million to their stockpile of foreign exchange on Monday, moving the net purchases since the end of June, to US$199 million by Jamaica’s foreign exchange dealers as the selling rate for the United States dollar remained unchanged. 
The Canadian dollar buying rate fell 20 cents to end at $95.42, with dealers buying C$1,562,757 and selling C$1,018,193 at an average rate that dropped 16 cents to $99.12. The average rate for buying the British Pound dived $1.56 to $161.97 for the purchase of £1,165,893, while £859,281 was sold with the rate climbing 92 cents to end at $166.99.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Monday, include a drop of 66 cents in the lowest selling rate for the US dollar to $103.54, a rise of $1.40 in the highest buying rate of Canadian Dollar to close at $100.20, a drop of $3 in the lowest selling rate to end at $92. Trading in the British Pound resulted in a fall of $4.34 in the highest buying rate to $166.40, slippage of 83 cents in the lowest buying rate to $134.05, a slide of $1.08 in the highest selling rate to end at $174.42, while the lowest selling rate declined by $2 to close of $158.
With more than half of the calendar year gone, overall price movements in Jamaica remained slightly negative at minus 0.1 percent, but 
The JSE Market Index declined by 941.87 points to end at 161,440.70 the all Jamaica Composite Index fell 1,053.34 points to close at 179,381.46 and the JSE combined index slipped 799.41 points, to end at 172,910.48.
Mayberry Investments lost 14 cents with 19,596 shares trading, to close at $3.81, 
At the end of trading 5 stocks closed with bids higher than their last selling prices and 1 ended with a lower offer.
Honey Bun had 98,613 shares changing hands, to close with a gain of 5 cents at $5.55, Iron Rock Insurance traded 1,303 units and gained 2 cents to close at $3.30. Jetcon Corporation traded 127,964 shares and fell 20 cents to close at a new high of $3, Key Insurance with 1,653 shares changing hands rose 15 cents to end at $2.65, Lasco Distributors ended with 1,782,910 shares changing hands but gained 5 cents to land at $7.05. Lasco Financial traded just 400 units to close at $3.40 and Lasco Manufacturing closed at $4.89 with 6,366 shares trading, after falling 7 cents.
Losses| JMMB Group ended with loss of 1 cent as 108,633 shares changed hands to close at 63 cents, Massy Holdings lost 1 cent and ended with 10,000 shares with a value of $549,421changing hands at $54.95 and Sagicor Financial Corporation fell 3 cents with 50,000 shares changing hands at $6.90, for a value of $345,000.
2,649.37 points being cut from the all Jamaican Composite Index.
The Canadian dollar buying rate fell 54 cents to end at $95.62, with dealers buying C$1,077,564 and selling C$1,486,362 at an average rate that jumped $1.14 to $99.28. The average rate for buying the British Pound climbed $1.01 to $163.53 for the purchase of £1,409,548, while £854,904 was sold with the rate jumping by $1.15 to end at $166.07.
Highs & Lows| Notable changes to the highest and lowest traded rates, for the Jamaican dollar in the foreign exchange market on Friday, include a drop of $18.80 in the lowest selling rate for the US dollar to $104.20, a rise of 97 cents in the highest selling rate of Canadian Dollar to close at $103.68, a jumped of $5 in the lowest selling rate to end at $95. Trading in the British Pound resulted in a rise of $3.64 in the highest buying rate to $170.74, a rise of $1.91 in the lowest buying rate to $134.88, a rise of $2.48 in the lowest buying rate to end at $175.50 while the lowest selling rate climbed $2 to close of $160.
JMMB Group ended with 108,633 shares changing hands to close at 64 cents, 
The price of 1834 Investments declined by 1 cent to close at $1.29, in trading 1,111,097 shares, Grace Kennedy ended at $45 with 6,820,320 shares changing hands, Jamaica Broilers fell 2 cents with 4,558,519 shares changing hands, to end at $14.98, Jamaica Producers rose 25 cents to close at $8.50 with 8,387,030 units trading. Jamaica Stock Exchange had 74,900 units changing hands to close at $21.50, to record a loss of $2.50, JMMB Group traded 9,784,841 units to end with a loss of 2 cents at $9.84. Kingston Properties gained 11 cents in trading 537,135 units to close at $9.11, Mayberry Investments gained 13 cents with 1,341,876 shares trading, to close at $3.95, National Commercial Bank had 10,312,619 units changing hands, to close at $41. Pan Jamaican Investments shed 1 cent to close at $24.99 after trading 1,505,043 shares, Portland JSX traded 10,455,000 shares and fell 2 cents to end at $11.48, Radio Jamaica lost 11 cents in trading 57,805,532 shares to end at $1.55, 
Sagicor Group closed with 6,674,410 shares changing hands at $21. Sagicor Real Estate Fund traded 398,371 shares and fell 13 cents, to close at $10.12, Salada Foods traded 598,045 units and declined by 1 cent, to end at $8.19, Scotia Group rose $1.70 while trading 8,639,508 shares, to end at $31.70, Scotia Investments with 1,026,990 shares traded closed at $26. Seprod gained 1 cent, to close at $19.01 with 23,904 shares changing hands, Sterling Investments had 2,673,905 units trading to end at $13, Proven Investments ordinary share traded 69,200 units at 19.95 US cents, down by a fraction of a US cent and Jamaica Public Service 9.5% preference share with 99,931 units trading to close at $1,247.
