6 new Junior Market TOP 10 stocks

Carreras heads main market TOP10.

The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in the securities commented on.

Growth in 2019 tourist arrivals slowing

Jamaica had strong growth in tourism for winter 2019

Stopover arrivals growth to Jamaica slowed to 5.8 percent in May and June this year, compared to the hectic pace earlier in the year and 8 percent in May and June in 2018.
Growth of stopover arrivals was a robust 13.4 percent for the first four months of this year over the similar period, in 2018.
The country welcomed 238,888 stopover arrivals in June this year, an increase of 4.2 percent or 9,627 additional arrivals over the 229,261 recorded in June 2018. For the summer months of May and June, arrivals increased to 449,552 stopovers compared to 424,752 last year.
For the year to June, arrivals increased 11 percent, with 1,390,683 stopovers, 136,195 more than the 1,254,488 in 2018. Total stopover arrivals in 2018, grew 5.1 percent, over 2017 with to 2,472,727 compared to 2,352,915.
The United States remains Jamaica’s most important market, accounting for 68 percent of stopover arrivals in 2019, followed by Canada with 16 percent and the United Kingdom 8 percent. For the January to June period, the US market region has grown by 15.6 percent, with 945,761 visitors, 127,863 more compared to the 815,898 visiting during the same period in 2018.

Sagicor Select Fund jumps 69%

Sagicor Select Fund jumps 69% to $1,69.

Shares of Sagicor Select Fund climbed sharply on the second day of listing on the Jamaica Stock Exchange, on Friday, with investors seeing a strong 69 percent jump in the value of their investment since it listed.
At the close of trading on Friday, the JSE All Jamaican Composite Index dropped 3,658.67 points close at 581,039.04, the JSE Index lost 3,324.79 points to 529,000.62 and the JSE Financial Index added 0.02 points to end at 144.30.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 13 declining and 11 trading firm, compared to 39 securities trading on Wednesday.  Shares totaling 27,179,057 units valued at $283,797,972 traded, compared to 17,809,196 units valued at $536,050,805 changing hands on Wednesday.
At the close of trading, Radio Jamaica ended at a 52 weeks’ closing high of at $1.80, Sagicor Select Fund traded at a record high of $1.69 and Sygnus Credit Investments ended at 52 weeks’ closing high of $26, while Carreras hit a 52 weeks’ intraday low of $7.55 but moved higher at the close.
Wigton Windfarm led trading with 16.6 million units for 61 percent of total volume, Victoria Mutual Investments traded 3 million for 11 percent of total main market volume, followed by Jamaica Stock Exchange with 2.45 million shares for 9 percent of the day’s volume. Other stocks trading more than one million units, were Caribbean Cement with 1.2 million units and Carreras with 1 million shares.
The market closed with an average of 754,974 units valued at an average of $7,883,277 for each security traded. In contrast to 494,700 units for an average of $14,890,300 on Thursday. The average volume and value for the month to date amounts 901,908 units valued at $7,795,047 and previously, 939,424 shares with an average of $7,772,521. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Berger Paints traded 19,500 shares and rose $1.01 to close at $19.01, Jamaica Broilers exchanged 51,542 shares but dropped $3.50 to close at  $36, Jamaica Stock Exchange lost $1 trading 2,450,710 shares to end at $24, JMMB Group dropped $2.18 traded 23,004 shares to close at $50.02. Kingston Properties gained $1 trading 1,000 shares in closing at $8. Kingston Wharves lost 50 cents while trading 4,881 shares to end at $69.50, Mayberry Jamaica Equities traded 38,944 but fell 70 cents to end at $11.20, NCB Financial rose 50 cents in exchanging 90,628 units to close $215.50, 138 Student living traded 92,649 shares and rose 39 cents to $3.99. Portland JSX rose 35 cents in exchanging 8,715 shares at $7.90, Proven Investments exchanged 2,817 shares after gaining $1 to close at $37, Sagicor Group dipped $3.99 in trading 205,656 shares to end at $76. Sagicor Select Fund climbed 69 cents trading 335,000 shares to end at record closing high of $1.69, on the second day of trading on the local market. Scotia Group fell 70 cents to close at $56.30 in trading 84,553 shares and Seprod gained $1 in trading 46,602 shares at $56, Sygnus Credit Investments climbed $2 in trading 74,216 shares to end at ca 52 weeks’ closing high of $26 and Wisynco Group exchanged 97,786 units after falling 36 cents to close at $23.95.
Trading in the US securities market resulted in 241,493 units valued at US$57,196 changing hands. JMMB Group 6% preference share settled at 99 cents with 14,211 stock units trading, Proven Investments gained one cent and closed at 25 US cents with an exchange of 45,659 shares and Sygnus Credit Investments traded 32,000 shares but slipped 1 cent to end at 11 US cents. The JSE USD Equities Index rose 0.70 points to close at 187.37.

Junior Market at new record high – Friday

Add your HTML code here...

New record high for the JSE Junior Market.

The record-breaking run by the Junior Market of the Jamaica Stock Exchange continued, in trading on Friday, with the market index rising 20.53 points to close at 3,600.97 pushing the gain for the market in 2019 to 11 percent.
The Junior Market ended with 29 securities changing hands, compared to 31 on Thursday, as prices of 13 securities rose, 12 declined and 5 remained unchanged. At the close, three stocks closed at 52 weeks’ highs, General Accident at $5.99, Lasco Manufacturing at $5.25, Stationery and Office Supplies  trading at an all-time high of $13.80. Lasco Financial traded at a 52 weeks’ high of $6.97 but ended at $6 at the close.
Market activities resulted in an exchange of 5,740,137 units valued at $27,712,664 up 25 percent from 4,594,972 units valued at $22,321,170 on Thursday.
The average trade for the day was 197,936 units at $955,609 for each security traded, in contrast to 139,242 units for an average of $676,399 on Thursday. The average volume and value for the month to date amounts to 184,657 units valued at $846,809 and previously 181,805 valued at $823,437 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock closing with a higher bid than the last selling price and one closing with a lower offer.
Stocks ending with price changes| AMG Packaging closed trading of 69,200 units and  Stationery & Office Supplies hit a record high of $13.80 on Friday.gained 2 cents to end at $2.32, Blue Power declined 97 cents in trading 18,722 units at $8.53,
Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Cargo Handlers dropped $1.05 trading 20,142 shares to close at $10.95, Caribbean Cream closed trading of 2,000 units and gained 5 cents to end at $5. Caribbean Producers ended trading with 210,651 shares, after rising 1 cent to end at $4.80, Consolidated Bakeries lost 5 cents in trading of 97,399 units at $2.35, Everything Fresh closed 4 cents higher at $1.85, with 50,351 stock units trading, Elite Diagnostic ended trading with 12,715 shares, after rising 27 cents to end at a record high of $6.77. Fosrich Group fell 8 cents in trading of 43,831 units at $4.85, Fontana lost 20 cents trading 515,929 shares to close at $8.10, General Accident closed trading of 1,065,500 units and gained 59 cents to end at 52 weeks’ high of $5.99, GWest Corporation dipped 10 cents in trading of 600 units at $1.30. iCreate closed trading of 24,831 units and gained 5 cents to end at 85 cents, Indies Pharma rose 21 cents to end at $3.51 while trading of 31,777 units, Iron Rock Insurance traded 48,900 shares and gained 10 cents to end at $4.10, Jamaican Teas exchanged 73,755 shares to close at $6 after falling 85 cents. Jetcon Corporation lost 20 cents in trading of 5,000 units at $1.80, KLE Group climbed 57 cents after exchanging 100 shares at $2.30, Limners and Bards lost 20 cents trading of 2,335,719 units at $3.50, Lasco Distributors exchanged 99,503 shares to close at $3.46 after falling 29 cents. Lasco Financial lost 50 cents in trading of 60,054 units to settle at $6, Lasco Manufacturing ended trading with 432,852 shares, after rising 9 cents to end at 52 weeks’ closing high of $5.25, Medical Disposables ended with a loss of 1 cent at $7 with 4,446 stock units changing hands. Stationery and Supplies climbed $1.80 to end at a record high of $13.80 with 55,145 shares changing hands after the company posted record half-year results and tTech Limited climbed 43 cents and exchanged 27,924 shares at $6.93, following the release of the half-year results.

Prices of securities trading for the day are those at which the last trade took place.

More $$s chased TTSE stocks on Friday

The number of securities trading on the Trinidad & Tobago Stock Exchange on Friday remained at 13 the same as on Thursday.
Trading ended with 364,633 shares at a value of $4,376,191 compared to 354,596 shares at a value of $1,965,655, on Thursday. Market activity ended with the prices of 5 stocks advancing, 4 declining and 4 remaining unchanged.
At the close of trading, the Composite Index rose 1.06 points to 1,396.91. The All T&T Index added 2.09 points to close at 1,779.21, while the Cross Listed Index remained unchanged at 137.34.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with two stocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| Angostura Holdings gained 26 cents trading 500 units and ended at $16.05, First Citizens Bank concluded trading of 1,467 shares and gained 18 cents to end at $39.99, NCB Financial Group traded 20,000 shares and rose 2 cents to close at $10.05. Scotiabank added 15 cents to close at $59.88, with 36,315 units crossing the exchange and Trinidad & Tobago NGL traded 30,000 units and fell 10 cents to close at $28.
Losses| Clico Investment Fund shares fell 5 cents and completed trading at $24.10, after exchanging 5,042 shares, JMMB Group shed 6 cents and ended at $2.19, with 243,487 units crossing the exchange, National Flour dropped 2 cents and completed trading of 600 shares at $1.67 and Unilever Caribbean declined 30 cents and settled at $25 in swapping of 7,842 shares.
Firm Trades| First Caribbean International Bank settled at $8.35, with 3,500 units crossing the exchange, Guardian Holdings closed at $18.35, after exchanging 3,000 shares, Republic Financial completed trading of 250 units at $121.29 and Sagicor Financial ended at $10.11, with 12,630 units crossing the exchange.

Prices of securities trading are those at which the last trade took place.

Record high for JSE

The Jamaica Stock Exchange main market bounced back from a brief break in the record run it has been enjoying, on Thursday with the market indices rising just under nine hundred points.
At the close, the JSE All Jamaican Composite Index gained 881.18 points at 584,697.71, the JSE Index rose 800.76 points to 532,325.41 and the JSE Financial Index added 1.11 points to end at 144.28.
Market activity, resulted in 39 securities trading in the main and US dollar markets, leading to 15 securities advancing, 17 declining and 6 trading firm, compared to 39 securities trading on Wednesday. A total of 17,809,196 units, valued at $536,050,805 traded, compared to 11,378,883 units valued at over $167,438,830 changing hands on Wednesday.
At the close of trading, Jamaica Broilers ended at 52 weeks’ high of $39.50, Palace Amusement hit a 52 weeks’ high of $1,500, Radio Jamaica ended at a 52 weeks’ high of $1.70, after hitting $1.90 earlier in the day. Sagicor Group closed at a record high of $79.99, after hitting an intraday high of $84.98 and Sygnus Credit Investments ended at 52 weeks’ closing high of $24 after trading at a record high of $26.75.
Wigton Windfarm led trading with 7.8 million units for 44 percent of total volume, Caribbean Cement traded 3.77 million for 21 percent of total main market volume, Victoria Mutual Investments followed with 1.3 million shares for 7.4 percent of the day’s volume and Grace Kennedy closed trading with 1.1 million shares and 6 percent of the day’s volume.
The market closed with an average of 494,700 units valued at an average of $14,890,300 for each security traded, in contrast to 316,080 units valued $4,651,079 on Wednesday. The average volume and value for the month to date amounts 939,424 shares with an average value of $7,772,521, compared to 1,091,901 units at $5,332,139 on the previous trading session. July closed with an average of 1,297,718 shares valued at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and none with a lower offer.
In the main market activity, Barita Investments lost $1.90 to end at $88 in trading 38,611 shares, Berger Paints traded 5,240 shares and lost 50 cents to close at $18, Grace Kennedy gave back $2 in trading 1,112,834 units to close at $70, Jamaica Broilers exchanged  98,957 shares and rose 48 cents to close at record high of $39.50. JMMB Group shed 80 cents trading 75,788 shares to close at $52.20, Kingston Properties rose 40 cents trading 9,697 shares in closing at $7. NCB Financial rose $5 in exchanging 233,517 units to close $215, Proven Investments exchanged 23,031 shares after falling $4 to close at $36, Sagicor Group jumped $4.99 in trading 300,239 shares to end at record closing high of $79.99. Sagicor Real Estate Fund lost $1 in trading 20,720 shares to end at $11, Scotia Group jumped $4 to close at $57 in trading 328,201 shares and Seprod shed $3 in trading 13,926 shares at $55. Supreme Ventures traded 239,481 shares and lost $1 to end at $28 and Wisynco Group exchanged 391,428 units after falling $1.68 to close at $24.31.
Trading in the US securities market resulted in 241,493 units valued at US$57,196 changing hands. JMMB Group 6% preference share settled at 99 cents with 14,211 stock units trading, Proven Investments lost one cent and closed at 24.01 US cents with an exchange of 126,278 shares and Sygnus Credit Investments traded 101,004 shares to end at 12 US cents. The JSE USD Equities Index fell 1.63 points to close at 186.67.

SOS & tTech head IC MarketWatch

SOS anticipates maximising profits from every business line in 2019.

Second-quarter results are coming out but still, a number of them are due out over the next few days. Results released today throws up a few strong numbers and the stocks of these companies are worth watching.
First, out the block today was tTech an IC TOP 10 BUY RATED selection with possible gains of 167 percent. The company reported a 20 percent increase in revenues in the second quarter of $91 million and a 62 percent rise in profit to $16 million and 15 cents per share with flat profit of $17 million or 16 cents per share for the half-year. The stock climbed to $6.50 at the close on Thursday and seems headed higher.
Stationery and Office Supplies reported a strong 195 percent rise in profit fro the second quarter to reach $34 million compared to just $12 million in 2018 from a 23 percent rise in sales to $295 million. for the half-year profit rose 63 percent to $92 million from $56 million from a 23 percent revenue increase to $639 million. The company is on target to meet IC Insider.com’s forecast of 75 cents for the full year. Radio Jamaica is yet to release its first-quarter results but investors have sent to stock to a high of $1.90 on Thursday. Demand has built and supplies shrank sharply and that should help move the price higher.
Caribbean cement traded 3,770,741shares up to $85 and is worth watching with supply falling. Sagicor Select ETF Fund was listed on Thursday but demand resulted in the price exceeding the 30 percent limit permitted by the JSE with investors attempting to trade the stock as high as $1.90 but the stock closed with no trading and closed with bids amounting 12 million shares at $1.30 and 324,520 were the lowest offers at $1.85. Lasco Manufacturing could be moving higher in coming trading days as supply declines and demand rises.

Junior Market at new record close – Thursday

A new record high for the JSE Junior Market.


The record-breaking run by the Junior Market of the Jamaica Stock Exchange resumed, in trading on Thursday, with the market index rising 39.90 points to end at a record close at 3,580.44 pushing the gain for the market in 2019 to 10 percent.
The Junior Market closed with 31 securities changing hands, down from 35 on Wednesday, as prices of 9 securities rose, 9 declined and 13 remained unchanged.
At the close, three stocks traded at intraday highs but backed off at the close. General Accident closed at a high of $5.41, Indies Pharma traded at a high of $4.10 but dropped back to $3.30 and Lasco Financial traded at a 52 weeks’ high of $6.56 and ended at $6.50 at the close.
Market activities resulted in an exchange of 4,594,972 units valued at $22,321,171 compared to 7,903,203 units at $35,396,687 on Wednesday.
Trading ended with an average of 139,242 units at $676,399 for each security traded, in contrast to 225,806 units for $1,011,334 for each security traded on Wednesday. The average volume and value for the month to date amounts to 181,805 units valued at $823,437 for each security and previously 195,575 valued at $871,008 for each security traded. July ended with an average of 138,412 units with a value of $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| AMG Packaging closed 5 cents higher at $2.30, with 11,920 stock units trading, Blue Power decline 50  cents in trading of 20,612 units at $9.50, Caribbean Cream closed trading of 144,938 units and gained 75 cents to end at $4.95, Caribbean Producers lost 1 cent to close at $4.79 with 121,182 stock units changing hands. Consolidated Bakeries dipped 10  cents in trading of 24,773 units at $2.40. Derrimon Trading fell 25  cents in trading of 85,689 units at $2.75, Everything Fresh climbed 23 cents and exchanged 201,811 shares at $1.81. Fosrich Group closed trading of 3,500 units and gained 32 cents to end at $4.93, Fontana shed 20 cents trading of 598,550 units o end tat $8.30. GWest Corporation ended trading of 64,760 shares, after rising 6 cents to close at $1.40, Honey Bun climbed 60 cents and exchanged 464,000 shares at $6. Indies Pharma lost 41 cents in trading 151,509 shares to close at $3.30 after trading at 52 weeks’ intraday high of $4.10, Jamaican Teas declined $1.10 trading of 172,919 units to close at $6.85, Limners and Bards ended market activity exchanging 1,029,798 shares to close at $3.70 after falling 24 cents. Lasco Distributors closed 29 cents higher at $3.75, with 557,503 stock units trading, Medical Disposables climbed $1 to settle at $8 with 17,000 shares changing hands. Main Event fell 50 cents trading of 48,978 units at $6.50 and tTech closed trading of 53,772 units and gained 50 cents to end at $6.50 after investors responded positively to half-year results showing a 62 percent rise in the second-quarter results to $15.7 million.

Prices of securities trading for the day are those at which the last trade took place.

TTSE trading picks up – Thursday

The number of securities trading on the Trinidad & Tobago Stock Exchange on Thursday rose to 13 versus 12 on Wednesday with the volume and value rising.
Trading ended with 354,596 shares at a value of $1,965,655 compared to 171,947 shares valued at $1,334,483, on Wednesday. Market activity ended with the prices of 3 stocks advancing, 3 declining and 7 remaining unchanged.
At the close of trading, the Composite Index lost 0.18 points to 1,395.85. The All T&T Index added 0.31 points to 1,776.81, while the Cross Listed Index declined 0.09 points to close at 137.34.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with two stocks closing with bids higher than the last selling prices and 3 with lower offers.
Gains| Clico Investment Fund closed with a gain of 5.00 cents and concluded at $24.15, with 169 units, First Citizens gained 6.00 cents and settled at $39.81, with 1,225 units, Guardian Holdings increased by 5 cents and completed trading 20,400 units at $18.35.
Losses| Republic Financial closed 52 cents and settled at $121.29, with 900 units crossing the exchange, Trinidad Cement declined 10 cents and settled at $2.35, with 52,656 stock units changing hands and Trinidad & Tobago NGL traded 88 units and fell 10 cents to close at $27.90.
Firm Trades| First Caribbean International Bank completed trading at $8.35, with investors exchanging 70,600 shares, JMMB Group completed trading at $2.25, with investors exchanging 200,000 shares, Massy Holdings closed at $54.98, with 34 units crossing the exchange. Sagicor Financial completed trading at $10.11, after exchanging 5,677 shares, Scotiabank settled at $59.73, after swapping of 1,653 shares, West Indian Tobacco concluded trading of 896 shares at $110 and Unilever Caribbean ended at $25.30, with 288 units changing hands.

Prices of securities trading are those at which the last trade took place.

Slight set back for JSE

The Jamaica Stock Exchange to a break from the record run it has been enjoying, at the close of trading on Wednesday as the market indices slipped modestly.
The market, closed with the JSE All Jamaican Composite Index declined by 857.98 points to close at 583,816.53, the JSE Index dropped 779.68 points to close at 531,524.65 and the JSE Financial Index lost 0.69 points to close at 143.17.
Market activity resulted in 39 securities trading in the main and US dollar markets, leading to 15 securities advancing, 17 declining and 6 trading firm, compared to 39 securities trading on Monday. Trading ended with 11,378,883 units valued at over $167,438,830, compared to 19,470,666 units valued $144,572,102 changing hands on Monday.
Jamaica Broilers closed at 52 weeks’ high of $39.02 after trading at an intraday record of $43.63, Radio Jamaica ended at a 52 weeks’ high of at $1.65, Sagicor Group closed at record high of $75 after hitting an intraday high of $84.05 while Pulse Investments traded at an intraday high of $4.15.
Wigton Windfarm led trading with 6.5 million units for 57 percent of total volume, Victoria Mutual Investments followed with 1 million shares for 9 percent of the day’s volume and Radio Jamaica with 648,870 shares for 6 percent of total main market volume.
The market closed with average of 355,590 units valued $5,232,463 for each security traded, in contrast to 556,305 units valued $4,130,631 on Monday. The average volume and value for the month to date amounts 1,135,145 shares with an average value of $5,543,313, compared to 1,496,677 units at $5,687,475 on the previous trading session. July closed with an average of 1,297,718 shares valued at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and none with a lower offer.
In the main market activity, Berger Paints traded 5,240 shares and lost 50 cents to close at $18.50, Caribbean Cement climbed $1.20 trading 168,404 units to close at $80, Grace Kennedy rose $2 in trading 65,768 units to close at $72, Jamaica Broilers exchanged 75,398 shares and rose $1.22 to close at record high of $39.02. Jamaica Producers declined $1.49 trading 31,928 units to close at $27.01, Jamaica Stock Exchange dropped $3.15 trading 506,514 shares to end at $24.85, JMMB Group rose $2 trading 246,497 shares to close at $53, Kingston Properties rose 60 cents trading 11,300 shares in closing at $6.60. Kingston Wharves jumped $4.16 while trading 695 shares to end at $70, NCB Financial rose $2 in exchanging 206,186 units to close $210, Pulse Investments exchanged 20,500 shares after falling 40 cents to close at $3.10, Sagicor Group jumped $2 in trading 348,243 shares to end at record closing high of $75. Scotia Group dipped $1 to close at $53 trading 206,422 shares and Seprod climbed $3 in trading 32,453 shares at $58.
Trading in the US securities market resulted in 193,550 units valued at US$32,924 changing hands. JMMB Group 6% preference share lost 3 cents and settled at 99 cents with 3,789 stock units trading, Proven Investments closed at 25 US cents with an exchange of 140,900 shares and Sygnus Credit Investments gained 1 cent trading 139,761 shares to end at 12 US cents. The JSE USD Equities Index advanced by 0.93 points to close at 188.30.