The main market of the Jamaica Stock Exchange, has scaled several new highs this trading on Thursday morning on its record run that resulted in the JSE All Jamaican Composite Index hitting a record high of 426,298.79 points after rising 7,810.80 and the JSE index gaining 7,116.53 to 388,406.43 after just 51 minutes into the trading day.
The All Jamaica Composite Index has since broken the 427,000 points mark. The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica Composite Index and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24.01 to more than double for the year so far, NCB Financial now trades at $150 and Sagicor Group at $51.92 haven risen sharply to a record high, Scotia Group trades at $60..
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by 8.22 a point to 3,170.22.
All Jamaica hits record 424,461 points
The main market of the Jamaica Stock Exchange, gained in early trading on Thursday and now trades at a record high of 424,461.33 points after rising 5,973.34 while the JSE index rose 5,442.39 to now sit at 386,732.29 after just 15 minutes into the trading day.
The market opened up at the start of trading with gains of 1,433.80 points for the All Jamaica and 1,306.36 for the JSE Index.
The opening high follows Wednesday’s trading when the JSE All Jamaican Composite Index closed at a new all-time high of 418,487.99 and JSE Index ended at 381,289.90.
Barita Investments traded at a new high of $24 to more than double for the year so far, NCB Financial now traded up to$150 and Sagicor Group at $47.
The Junior Market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by less than a point to 3,177.54.
Since posting the stroy the main market has moved higher with Sagicor Group trading at $51.95.
Many more stocks to watch now
NCB had a good 2018 fiscal year with strong profit gains that boosted interest in the stock.
Jamaica’s largest financial institution, advised the Jamaica Stock Exchange that a connected party sold 2,768,165 of the group’s shares and three directors and a senior manager purchased a total of 2,836,672 shares between November 23 and 26. This development is the clearest signs that the immediate future is extremely bright for the group.
The local stock market is showing major shift in sentiment with the news that Scotia Group is selling off of its insurance arm to Sagicor Group. The announcement drove up the prices of Scotia Group, Sagicor Group and Pan Jamaican that traded at a new high on Wednesday. But NCB continued to scale new highs on each day for the week. NCB has little supply coming onto the market as demand continues to climb.
All the above stocks are now the watch list, but investors must keep watch on Barita Investments that has shot up to a record high of $23 with a bid at $24.01. There is some amount of public chatter about the performance of the company that has encouraged more interest in the stock. The company will benefit from several developments in the financial market, including the impact of the change in
accounting policy that will result in gains or losses in investments whether realized or not going straight to the profit and loss account. With growth in the stock market Barita should benefit in two ways, increased value of the portfolio, for example, 48 million JSE shares owned increasing around $100 million in the December quarter so far but Barita is said to also own shares in NCB that has risen sharply in price for the quarter. The equity linked unit trust will garner more fee income based purely on the fact that the portfolio would have grown based on gains in stock price. The other financial stock to be watched is Key Insurance that has traded over 21 million shares so far with the stock having a bid of $4 to buy over 911,000 shares. The movement in the Key shares seems like the start of an aggressive stance an investor, watch developments in this one keenly. Seprod also seems poised to rise with early selling from the public offer now appearing to be abating.Mayberry Jamaican Equities is yet another to watch as the local stock market moves higher over the next several weeks and it could drag it mother company Mayberry Investments with it.
Junior Market index slips again – Wednesday
Derrimon Trading pref shares traded 2.2 m units.
Trading on the Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with 24 securities changing hands, resulting in an exchange of 2,866,572 units valued at $7,184,147 compared to 11,662,775 units valued at $43,945,611 on Tuesday from 22 securities.
The day’s volume was swollen by 2.2 million units of Derrimon Trading preference share. The development of note is that Key Insurance that traded 21.5 million units with a rise in the stock price has a bid of 912,000 units on the bid at $4 and is one to watch.
At the close of market activities, the prices of 10 securities advanced, 7 declined and 7 remained unchanged. The Junior Market Index declined by 8.73 points to close at 3,178.44.
Trading ended with an average of 119,441 units for an average of $299,339 in contrast to 530,126 units for an average of $1,997,528 on Tuesday. The average volume and value for the month to date amounts 
to units 191,443 units valued at $657,797 and previously 195,380 units valued at $677,394. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended 1 cent higher at $1.90, with 3,158 stock units changing hands, Blue Power concluded trading of 38,311 units, at $5.45, Caribbean Cream ended trading with a loss of 25 cents at $5.25, with an exchange of 8,381 shares, Caribbean Producers finished trading 4 cents higher at $5.44, with 10,000 units changing hands, Consolidated Bakeries closed with a loss of 1 cent at $2.14, trading 11,365 shares. Derrimon Trading ended with a loss of 35 cents at $2.50, with 220,486 shares changing hands, Everything Fresh traded 40,861 shares after adding 5 cents and closed at $1.55, Express Catering ended trading 10,000 shares at $8, FosRich Group traded 40,835 shares, and rose 5 cents higher to $4.05, General Accident finished trading with a loss of 25 cents at $3.25, with 700 shares changing hands. GWest Corporation closed with a loss of 12 cents at $1.58, with a swapping of 11,715 stock units, Honey Bun ended at $4, with 4,051 units changing hands, Indies Pharma traded 26,099 shares in closing at $3, Jetcon Corporation ended trading of 2,813 stock units, with a loss of 25 cents at $3.50, Key Insurance traded 55 cents higher at $4, with 88,017 units. KLE Group finished trading of 3,590 
shares at $4, Knutsford Express closed 1 cent higher at $11.51, in exchanging 1,298 shares, Lasco Distributors ended 10 cents higher at $3.90, with 15,184 shares changing hands, Lasco Financial concluded trading 15 cents higher at $5, with an exchange of 57,387 stock units. Lasco Manufacturing finished with a loss of 2 cents at $3.48, trading 50,500 units, Medical Disposables ended trading 13,174 shares at $6.20, Paramount Trading gained 5 cents close at $2.20, with 3,647 shares being traded and SSL Venture Capital traded 3,000 shares to end at $1.80. In the junior market preference segment, Derrimon Trading 9% ended 5 cents higher at $2.20, with 2,200,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.
JSE pushes to new record close – Wednesday
The main market of the Jamaica Stock Exchange, surged 11,005.53 points on Wednesday, the most, ever, leading the All Jamaica Index to close at a record high of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in Grace Kennedy, NCB Financial Group that ended at a record close of $149.99, Kingston Wharves, PanJam Investment that traded at a record high of $72 and Sagicor Group were the main contributor to the market’s record move.
Market activity ended with 3 securities closing at record highs as 27 securities in the main and US dollar markets changed hands, compared to a 29 on Tuesday. At the end, prices of 14 stocks rose, 7 declined and 6 remained unchanged.
The main market ended with 62,089,588 units valued at over $136,855,615 changing hands, compared 
with 5,592,346 units valued at $176,485,571 exchanged, on Tuesday.
The main market ended with 1834 Investments leading with 59,001,000 units, accounting for 95 percent of the day’s trades, followed by Wisynco Group with 1,542,114 units or 20.5 percent of the day’s volume and Sagicor Group with 459,741 units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 2,299,614 units valued at over $5,068,726, in contrast to 207,124 shares valued at $6,536,503 on Tuesday. The average volume and value for the month to date, amounts to 410,125 valued at $7,009,413, compared to 319,025 valued at $7,107,722. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose 35 to a record close of $23, with 37,495 shares trading, Grace Kennedy rose $3 in trading of 25,765 shares at $58, Jamaica Broilers lost $1, trading 113,869 stock units at $29, Jamaica Producers shed 40 cents to close at $24.10, trading of 23,670 shares, Kingston Wharves jumped $2.96 in trading 6,302 shares to end at $78. NCB Financial Group jumped $5.11 to end trading of 77,697 shares at record close of $149.99, PanJam Investment jumped $3 to record close of $70, with an exchange of 38,202 stock units, Sagicor Group rose $1.01 trading 459,741 shares at $45.01, Scotia Group traded 48,016 shares and shed $1 to close at $59 and Supreme Ventures rose 29 cents to end at $16.99, with an exchange of 82,913 shares. There were no trades in the US dollar market.
All Jamaica at record 418,488 points
The main market of the Jamaica Stock Exchange, gained the most, in its history, on Wednesday with a rise of 11,005.53, bettering the previous high of 10,534.24 points on the All Jamaica Index, to close at at a record high of 418,487.99 on Wednesday.
Prior to Tuesday the previous best gain in a day was 9,823.00 points on October 1, 2018, when the index closed at 403,100.29 on October 5 and bettered the next highest one day index gain with a rise of 9,736.35 points, to end at 416,956.11 on January 27, 2017.
Wednesday’s all-time record high beat out the previous high on the All Jamaica Composite Index of 418,450.70 on October 12, this year. The Jamaica Stock Exchange Index rose 10,027.28 points to close at a record high 381,289.90, having risen above the previous record high of 381,255.95 reached on October 12, this year.
The main market was primarily driven by gains in NCB Financial that closed at $149.99, after trading at a record high of $152, Kingston Wharves trading at $78, PanJam Investment trading at $70 and Sagicor Group ending at $45.01,
The junior market continues under some selling pressure is not sharing in the strong gains of the more matured companies and declined by just 8.73 points to close at 3,178.44.
Sagicor jumps to 52 weeks’ high on TTSE
Sagicor Financial trades at new 52 weeks’ high.
Sagicor Financial jumped $1.05 to close at a at a 52 weeks’ high in market activity on the Trinidad & Tobago Stock Exchange on Wednesday following news of a proposed acquisition of shares in the group.
Trading ended with 13 securities changing hands against 14 on Tuesday, with 6 advancing, 5 declining and 2 closed unchanged as 2 losing stocks ending at 52 weeks’ lows.
At close of the market the Composite Index gained 2.47 points to 1,246.40. The All T&T Index fell 1.65 points to 1,686.58, while the Cross Listed Index rose 0.92 points to close at 108.64
Trading ended with, 669,963 shares at a value of $17,580,480 compared to 643,204 shares at a value of $9,643,583.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gains| First Citizens rose 1 cent and settled at $32.76, after exchanging 90,072 shares, Guardian Holdings closed with a gain of 1 cent at $18.01, with an exchange of 32,132 units, Sagicor Financial gained $1.05 and ended at a 52 weeks’ high of $8.05, with 300 stock units changing hands, Scotiabank gained 49 cents and completed trading 33,855 units at $64.74, Trinidad Cement finished trading with rise of 7 cents at $2.62, after exchanging 1,482 shares and West Indian Tobacco closed with an increase of 50 cents and completed trading of 3,354 units at $95.
Stocks closing with losses| Clico Investments fell 20 cents and ended at $20, with 408,434 stock units changing hands, Massy Holdings fell $1.55 and closed with a 52 weeks’ low of $44, after exchanging 4,765 shares, One Caribbean Media shed 1 cent and concluded trading at a 52 weeks’ low of $10.99, after exchanging 100 shares, Republic Financial Holdings lost 27 cents to end at $107, after exchanging 5,343 shares and Trinidad & Tobago NGL lost 19 cents and settled at $29.11, after exchanging 85,369 shares.
Stocks trading with no price change| JMMB Group concluded trading at $1.70, after exchanging 2,000 shares and National Flour completed trading 1,400 units at $1.68.
Prices of securities trading for the day are those at which the last trade took place.
NCB record $145, Barita record $22.65 – Tuesday
NCB Financial Group ended at a new record close of $144.88 on the Jamaica Stock Exchange on Monday while Barita Investments jumped to a high of $22.65 on a day when the market indices gained the most points in a single day.
The main market took flight with the All Jamaica Index having the highest gain in a day, surging 10,574.31 points to close at 407,482.46, while the JSE Index jumped 9,634.39 points to 371,262.62. Market activity closed with 2 securities closing at record highs as 29 securities in the main and US dollar markets changed hands, compared to a 31 on Monday. At the end, prices of 14 stocks rose, 8 declined and 7 remained unchanged.
The main market ended with 5,592,346 units valued at $176,485,571 changing hands, compared with 6,956,000 units valued at $513,002,473 exchanged, on Monday.
The main market ended with Seprod leading with 1,850,546 units, accounting for 33 percent of the day’s trades, followed by Wisynco Group with 1,125,534 units or 20 percent of the day’s volume and Scotia Group with 865,661 units or just 15.5 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 207,124 units valued at over $6,536,503, in contrast to 239,862 shares valued at $17,689,740 on Monday. The average volume and value for the month to date, amounts to 
319,025 valued at $7,107,722, compared to 324,693 valued at $7,138,202. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.65 to close at record $22.65, with 72,505 shares trading, Berger Paints ended trading of 23,778 units but lost $1.05 to $18, Caribbean Cement lost $4.75 to close at $43.25 in trading just 2,000 shares, Grace Kennedy shed $1 in trading of 903 shares at $55, Jamaica Broilers rose $1.50, trading 339,292 stock units at $30, Jamaica Stock Exchange gained 49 cents to close at $9.90, trading of 880 shares, JMMB Group fell 49 cents to $32.51, with an exchange of 87,335 shares, Mayberry Jamaica Equities lost 50 cents trading 78,806 shares in closing at $9.20, NCB Financial Group jumped $4.89 to end trading at record close of $144.88 with 84,352 shares, PanJam Investment jumped $3 to $67, with an exchange of 127,085 
stock units, Sagicor Group rose $4 trading 260,532 shares at $44, Scotia Group traded 865,661 shares and gained $3.90 to close at $60, Seprod added 25 trading of 1,850,546 shares, to close at $32 and Supreme Ventures lost 29 cents to end at $16.70, with an exchange of 196,680 shares.
Trading in the US dollar market amounted to 31,000 units valued at $15,630 as JMMB Group 5.75% preference share close trading with 5,000 units to gain 10 cents to close at US$2.10 and Proven Investments ended trading of 27,000 shares at 19 U$ cents. The JSE USD Equities Index closed with a fall of 1.90 at 159.44.
Big fall for Junior Market – Tuesday
Key Insurance in another big trade.
Trading on the Junior Market of the Jamaica Stock Exchange closed on Tuesday with 22 securities changing hands, resulting in an exchange of 11,662,775 units valued at $43,945,611 as Key Insurance traded 9.5 million units. On Monday just 843,267 units valued at $2,847,021 traded from 26 securities.
At the close of market activities, the prices of 4 securities advanced, 11 declined and 7 remained unchanged leading the Junior Market Index to dive 82.86 points to close at 3,187.17.
Trading ended with an average of 530,126 units for an average of $1,997,528 in contrast to 32,433 units for an average of $109,501 on Monday. The average volume and value for the month to date amounts to units 195,380 units valued at $677,394 and previously 177,719 units valued at $607,746. October, ended with an average of 69,421 units valued at $347,455 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.50 at $49.50, with 81,323 shares changing hands, AMG Packaging ended at $1.89, with an exchange of 2,100 stock units, Blue Power concluded trading of 807 units and rose 45 cents to $5.45, Caribbean Producers finished trading with a loss of 9 cents at $5.40, with 500 units, Derrimon Trading ended with a loss of 10 cents at $2.85, with 183,100 shares changing hands. Elite Diagnostic finished 5 cents higher at $3.05, trading 70,455 stock units, Eppley settled at $9.10, with an exchange of 298 units, Everything Fresh traded 368,432 shares after falling 10 cents and closed at an all-time low of $1.50, Express Catering ended trading of 48,905 shares, with a loss of 50 cents at $8, FosRich Group traded 54,955 shares and rose 10 cents to close at $4. General Accident finished trading of 13,917 shares with a loss of 2 cents at 
$3.50, Indies Pharma traded 68,298 shares in closing at $3, Jamaican Teas settled at $4, trading 1,294 shares, Jetcon Corporation ended trading with a loss of 4 cents at $3.75, with 26,843 stock units changing hands, Key Insurance traded 9,535,317 units with a loss of 55 cents to end at $3.45. Lasco Distributors ended at $3.80, with 1,016,500 shares changing hands, Lasco Financial concluded trading with an exchange of 87,215 stock units after falling 40 cents to $4.85, Lasco Manufacturing finished trading 58,277 units at $3.50, Main Event settled 10 cents higher at $6.10, with an exchange of 7,226 shares. Paramount Trading dropped 82 cents to end at $2.15, with 25,000 shares trading, SSL Venture Capital traded 9,823 shares to end at $1.80 and Stationery and Office finished trading of 2,190 stock units with a loss of 8 cents to close at $9.40.
Prices of securities trading for the day are those at which the last trade took place.
TTSE remains steady – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 14 securities against 18 on Monday, with 2 advancing, 3 declining and 9 remaining unchanged.
At close of the market the Composite Index declined by 1.26 points to 1,243.93. The All T&T Index rose 0.84 points to 1,688.23, while the Cross Listed Index shed 0.23 points to close at 107.72.
Trading ended with, 643,204 shares at a value of $9,643,583 compared to 381,532 shares at a value of $3,382,468.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids lower than their last selling prices and 1 with a lower offer.
Stocks closing with gains| Angostura Holdings closed with a gain of 4 cents at $15.79, with 66,494 shares changing hands and Clico Investments gained 5 cents to end at $20.20, with an exchange of 338,179 stock units.
Stocks closing with losses| JMMB Group fell 5 cents to $1.70, after exchanging 137,757 shares, Prestige Holdings closed with a loss of 15 cents and completed trading of 14,500 units, at 
$7.35 and Trinidad & Tobago NGL shed 1 cent and settled at $29.30, after exchanging 1,700 shares.
Stocks trading with no price change| First Caribbean International Bank completed trading 1,000 units at $8, First Citizens settled at $32.75, after exchanging 2,275 shares, Guardian Holdings completed trading of 47,469 units at $18, Massy Holdings closed at $45.55, after exchanging 17 shares, National Enterprises ended at $7.50, with 1,000 stock units changing hands, National Flour completed trading at $1.68, with 28,323 units, One Caribbean Media ended at $11, after exchanging 1,000 shares, Republic Financial Holdings concluded market activity at $107.27, after exchanging 3,220 shares and West Indian Tobacco completed trading of 270 units at $94.50.
Prices of securities trading for the day are those at which the last trade took place.
