JSE main market indices fall – Monday

Trading on the Jamaica Stock Exchange resulted in further declines in the market indices but by less than the approximate 2,000 points decline on Friday, even as advancing stocks outnumbered declining ones.
At the close, the All Jamaican Composite Index declined by 736.94 points to 345,989.59 and the JSE Index lost 671.43 points to 315,235.59. Market activities resulted in 30 securities trading including 4 in the US dollar market compared to 31 securities trading on Friday.
At the end of trading, the prices of 13 stocks rose, 8 declined and 9 traded unchanged. Trading in the main market ended with 3,337,734 units valued at over $77,717,624, compared to 12,389,267 units valued $54,066,117 on Friday.
Trading resulted in an average of 128,374 units valued at an average of $2,989,139 for each security traded. In contrast to 442,474 units for an average of $1,930,933 on Friday. For the month to date an average of 223,710 shares valued at an average of $4,528,884 versus 231,530 shares valued at an average of $4,665,985 on Friday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
The day’s volume was led by, Grace Kennedy with 825,425 units 24.73 percent of the traded volume followed by Victoria Mutual Investments with 500,675 units 15 percent of the day’s volume and Ciboney Group with 360,084 units and 10.79 percent of the main market volume.
Stocks with major price changes| Berger Paints jumped $2 and ended at $20, in trading 30,655 stock units, Caribbean Cement fell 40 cents and finished at $47.10, trading 59,491 shares, Grace Kennedy fell 40 cents and ended trading 825,425 shares to close at $59.10, Jamaica Producers finished trading 19,719 units at $18 with a rise of 80 cents, JMMB Group lost 70 cents and ended at $28.30, exchanging 71,075 shares, Kingston Wharves added 40 cents to finish at $53, trading 8,522 stock units, Mayberry Investments lost 44 cents to settle at $7.45, trading 72,824 units,  Mayberry Jamaica Euities jumped $1 to settle at an all-time closing high of $10, trading 349,204 units, PanJam Investment gained 40 cents and concluded trading 985 shares and closed at $52, Sagicor Real Estate Fund jumped $1.50 to $13.50, with 28,511 shares, Salada Foods shed 25 cents to close at $16.75, in exchanging 1,200 units, Scotia Group shed $1 in traded 83,372 shares to close at $52, Sygnus Credit Investments rose 40 cent to close at $10.50 in trading 11,629 shares and Wisynco Group rose 34 cents and finished trading 211,342 shares to end at $9.39.
Victoria Mutual Investments lost 42 cents in concluding trading at $3.51, with 604,043 stock units Portland JSX lost 50 cents and ended at $8 trading 2,700 units,
Trading in the US dollar market closed with 18,035 units valued at over $31,181, as JMMB Group 6 % preference share gained 2 cents and completed trading at $1.06 with 510 stock units, JMMB Group 5.75% preference share lost 14 cents in concluding of 15,000 shares at $2.01. Margaritaville traded 1,075 shares and ended at 18 US cents Proven Investments trading 1,450 shares and closed at 19.01 US cents. The JSE USD Equities Index advanced by 0.32 points to close at 159.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Junior Market volume jumps on Monday

Derrimon Trading traded $5m shares on monday

Trading on the Junior Market, ended with big rise to 8,895,088 units valued at $105,891,017 changing hands, compared to 3,738,180 units valued at $13,115,097 on Friday.
Trading was dominated by Derrimon Trading exchanging 5 million, followed by Indies Pharma with 1.6 million units and Lasco Distributors with 1.3 million shares.
At the close the market index pulled back 20.16 points to 3,173.09 with 26 securities changing hands, compared to 27 on Friday and resulting in the prices of 8 securities advancing, 6 declining and 12 remaining unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 6 stocks ending with bids higher than their last selling prices, 1 closed with a lower offer.
Trading closed with an average of 342,119 units for an average of $4,072,731 in contrast to 138,451 units for an average of $485,744 on Friday. The average volume and value for the month to date amounts to 247,889 units valued at $1,271,186, compared to 238,538 units valued at $993,170 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial traded 5,120 shares and closed at $46.70, AMG Packaging ended at $1.95, exchanging 258,014 stock units, Blue Power concluded trading at $47, trading 2,379 units, CAC 2000 finished trading 20,133 shares at $9, Caribbean Flavours traded 3,540 stock units and climbed $1. Caribbean Producers finished trading 36,198 units with a loss of 17 cents at $6.68, with, Derrimon Trading concluded exchanging 5,004,435 shares and dropped $1.40 cents to close at $18.50, but traded as high as $30 during the day. Dolphin Cove finished at $17, with 683 stock units, Elite Diagnostic settled at $2.90, with 56,166 units. Everything Fresh traded 81,495 shares and ended with a loss of 21 cents at $2.29, Express Catering traded 26,865 shares and rose 10 cents to a closing 52 weeks’ high of $9, FosRich Group finished trading 19,150 shares at $3, General Accident closed 70 cents higher at $3.90, trading 115,002 stock units, GWest Corporation ended at $2.17, with 42,840 units. Honey Bun concluded trading 10 cents higher at $4.30, with 36,000 shares, Indies Pharma traded 1,628,679 shares in gaining 4 cents and ended at an all-time closing high of $2.40, but traded earlier as high as $2.50, Jamaican Teas ended trading with a loss of 14 cents at $4.15, with a transfer of 16,610 stock units, Jetcon Corporation traded with a loss of 6 cents at $4.04, with 33,684 units changing hands, KLE Group closed at $3, with 54,384 shares. Knutsford Express ended at $11.36, with 9,546 shares, Lasco Distributors concluded trading 1,300,907 stock units and rose 15 cents to $4, Lasco Financial rose 40 cents to end at $5.90, with 48,997 units, Lasco Manufacturing settled with a loss of 10 cents at $3.80, trading 8,100 shares. Main Event ended trading at $6.50, with 3,100 shares, Medical Disposables traded 12,005 shares to close at $6.50 and Stationery and Office closed 40 cents higher at $8.50, with 71,056 units changing hands.

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

Understanding Jamaica’s fx market part 2

 

 

 

 

Falling Junior stocks edged out rising ones

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Derrimon Trading. shares dropped $5.60 to $19.90 on Friday.

Trading on the Junior Market, with market index slipping just 6.38 points to 3,193.25 with 27 securities changing hands, compared to 25 on Thursday, resulting in 9 securities advancing, 11 declining and 7 remaining unchanged.
The day’s trading to 3,738,180 units valued at $13,115,097 compared to 22,380,747 units valued at $56,082,379 on Thursday.
Two stocks, Express Catering and newly listed Indies Pharma traded at a 52 weeks’ high.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 2 closed with lower offers.
Trading closed with an average of 138,451 units for an average of $485,744 in contrast to 828,917 units for an average of $2,077,125 on Thursday. The average volume and value for the month to date amounts to 238,538 units valued at $993,170, compared to 174,894 units valued at $1,111,004 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $46.70, in exchanging 11,965 shares, AMG Packaging ended at $1.95, with 20,000 stock units changing hands, Blue Power concluded trading at $47, with 600 units, CAC 2000 finished with a loss of 55 cents at $9, with just 600 shares trading, Cargo Handlers rose 5 cents to $10.94, with 23,800 shares. Caribbean Cream lost 5 cents to end at $5.75, trading 4,065 shares, Caribbean Producers finished trading at $6.85, with 17,622 units, Derrimon Trading suffered a big fall, concluding trading with a loss of $5.60 to $19.90, with 45,084 shares changing hands, Dolphin Cove added 50 cents to close at $17, trading 1,500 stock units. Elite Diagnostic settled 5 cents higher at $2.90, with 90,264 units changing hands, Everything Fresh traded 118,444 shares and ended with a gain of 25 cents at $2.50, to be back at the IPO price, Express Catering traded 40,113 shares after rising 61 cents to a 52 weeks’ closing high of $8.90, FosRich Group finished trading 112,934 shares after rising 25 cents to $3, General Accident closed with a loss of 50 cents at $3.20, exchanging 64,073 stock units. GWest Corporation fell 10 cents to $2.17, with 53,435 units traded, Honey Bun concluded trading with a loss of 30 cents at $4.20, with 13,200 shares, Indies Pharma traded 2,038,664 shares gaining 11 cents and closed at an all-time high of $2.36, Jamaican Teas ended trading 29 cents higher at $4.29, trading 66,655 stock units, Jetcon Corporation traded 322,018 units with a loss of 1 cent at $4.10, KLE Group closed at $3, exchanging 45,000 shares, Lasco Distributors concluded trading 512,100 stock units with a loss of 14 cents at $3.85, Lasco Financial finished with a loss of 30 cents down to $5.50, with 86,600 units, Lasco Manufacturing settled with a loss of 10 cents at $3.90, with 9,390 shares. Main Event ended trading 5,000 shares with a rise of 25 cents to $6.50, with, Medical Disposables closed at $6.50 higher with 2,776 shares changing hands, Paramount Trading ended at $2.10, trading 1,400 shares and Stationery and Office finished trading with a loss of 87 cents to $8.10, with 30,878 stock units trading.

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

NCB jumps 8% to J$123 on TTSE – Friday

NCB Financial Group jumped 8 percent with a rise of 49 cents to $6.15, or J$123 trading 128,781 shares on Trinidad & Tobago Stock Exchange on Friday as 16 securities traded versus 10 on Thursday, with 4 advancing, 3 declining and 9 remaining unchanged.
NCB closed without any stock being offered on the Trinidad market, but it closed in Jamaica at $105 trading 4,830 shares on Friday.
The Composite Index gained 9.20 points on Friday to end at 1,241.20, the All T&T Index rose 0.15 points to 1,712.78 and the Cross Listed Index added 2.53 points to close at 103.53.
Market activity ended with just 184,493 units valued at a mere $1,418,005 changing hands, compared to 39,363 units valued at a mere $551,354, on Thursday.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks with Gains| Massy Holdings finished trading 2,475 shares after rising 2 cents to end at $46.92, Sagicor Financial ended trading with a gain of 15 cents to end at $7.75, with 17,003 stock units changing hands and Trinidad & Tobago NGL closed 5 cents higher and ended at $30.05, after exchanging 5,610 shares.
Stocks Losses| First Caribbean International Bank lost 9 cents and concluded trading at $8.40, with 2,000 units traded, National Enterprises ended trading 1 cent lower and settled at $9, with 6,991 stock units changing hands and West Indian Tobacco concluded trading with a loss of 1 cent and ended at $88.53, after exchanging 402 units.
Firm Trades| Ansa Merchant ended at $40, after exchanging 1,442 shares, Clico Investments settled at $20, with just 50 stock units changing hands, First Citizens ended at $34.92, after exchanging 350 shares, Grace Kennedy settled at $2.80, with 800 stock units changing hands, Guardian Holdings concluded the trading of a mere 38 units at $16.60, JMMB Group closed trading at $1.80, after exchanging 1,365 shares, LJ Williams A share ended at 20 cents, with 5,600 units trading, LJ Williams B share exchanged 10,000 shares at 75 cents and One Caribbean Media completed trading at $12.29, after exchanging 1,586 shares.
Prices of securities trading for the day are those at which the last trade took place.

JSE stocks eye 350,000 points – Thursday

At the close of trading on Thursday, the Jamaica Stock Exchange jumped more than 3,900 points to new record close with the All Jamaican Composite Index sitting less than 1,000 from the 350,000 mark.
At 12:30 the All Jamaican Composite Index surged 5,035.03 to 348,774.63 points but pulled back after to close the day with a leap of 4,299.21 points to a record closing high of 349,038.81 and the JSE Index 3,917.07 points to a record close of 318,013.77. Market activities resulted in 27 securities trading including 1 in the US dollar market compared to 29 securities trading on Wednesday.
At the end of trading, the prices of 8 stocks rose, 9 declined and 10 traded unchanged. Caribbean Cement traded at an intraday high of $56 but ended at $45 by the close.
Trading in the main market ended with 7,549,926 units valued at $378,631,059 versus 7,397,463 units valued at $122,484,133 on Wednesday.
The day’s volume was led by, Kingston Wharves with 4,05,328 units and 53 percent of the main market volume, followed by NCB Financial Group exchanging 1,012,510 shares and 13.4 percent of the day’s trades and PanJam Investment with 708,674 units accounting for 9.4 percent of traded volume.
Stocks with major price changes| Kingston Wharves rose 80 cents and finished at $52.50, with 4 million shares, Mayberry Investments fell 50 cents and settled at $7.50, with 9,200 units, Mayberry Equities climbed 50 cents to $9 in trading 231,400 shares, NCB Financial jumped $2 and finished trading of just over 1 million shares at $105, Sagicor Group shed 43 cents to close at $37.57, in exchanging 29,508 units, Sagicor Real Estate Fund climbed 90 cents and settled at $14.90, with 17,616 shares, Seprod finished trading 10,732 shares, but lost 49 cents to close at $35.51, Supreme Ventures ended at $15, with 21,164 shares after losing 30 cents, Sygnus Credit Investments dropped $2.29 to a 52 weeks’ low of $10 in trading 10,000 shares and Wisynco Group gained 30 cents and finished trading at $9.30,with 67,338 units.
Trading in the US dollar market closed with Proven Investments trading 7,966 shares valued at US$1,593 and closed at 20 US cents. The JSE USD Equities Index was unchanged at 159.36.
Trading resulted in an average of 290,382 units valued at $14,562,733, in contrast to 273,980 shares valued at $4,536,449 on Wednesday. For the month to date an average of 211,092 shares valued at an average of $4,956,066 versus 203,253 shares valued at an average of $3,906,599 on Wednesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

Indies trades 21m shares on Junior Market

The chairman and founder of Indies Pharma

On the second day of listing of the most recent addition to the Junior Market, Indies Pharma traded on Thursday and closed with a gain of 75 cents to close with a gain of 50 percent on the IPO price of $1.50.
In the end, Indies traded 21.2 million units, helping to push the day’s trading to 22,380,747 shares valued at $56,082,379 compared to 2,963,010 units, valued at $8,928,557 on Wednesday.
The Junior market index 37.74 points to close at 3,199.63 with 27 securities changing hands, compared to 25 on Tuesday. Trading resulted in the prices of 13 securities advancing, 6 declining and 8 remaining unchanged. Two stocks traded at a 52 weeks’ high but drifted back at the close and one ended the day at a 52 weeks’ low.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, 3 closed with lower offers.
Trading closed with an average of 828,917 units for an average of $2,077,125 in contrast to 118,520 units for an average of $357,142 on Wednesday. The average volume and value for the month to date amounts to 174,894 units valued at $1,111,004, compared to 182,596 units valued at $994,997 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $46.70, trading 500 shares, Blue Power concluded trading $2 higher at $47, in the exchange of 2,728 units, Cargo Handlers settled at $10.89, with 3,665 shares changing hands, Caribbean Cream ended trading of 29,762 shares at $5.80, Caribbean Producers finished trading 74,861 units at $6.85. Derrimon Trading concluded trading of 116,160 shares at $25.50, but hit a new high of $30 during trading, Elite Diagnostic settled with a loss of 5 cents at $2.85, exchanging 77,748 units, Eppley ended trading with a loss of 78 cents close at $9.18, with 430 shares, Everything Fresh traded 36,000 shares and ended with a gain of 15 cents at $2.25 as investors continue to respond positively to half year results showing profit of 4 cents per share for the June quarter on rising gross profit margin. Express Catering traded 14 cents higher at $8.29, with 1,600 shares. FosRich Group finished trading of 8,000 shares with a loss of 1 cent at $2.75, General Accident traded at a 52 weeks’ high of $5 but closed at $3.70, with 41,607 stock units, Honey Bun concluded trading 700 shares at $4.50, Iron Rock finished 25 cents higher at $3.50, with 134,006 shares. Jetcon Corporation traded 16,842 units and rose 6 cents to $4.11, Key Insurance finished trading at $3.16, with 2,950 shares, Knutsford Express ended 1 cent higher at $11.36, after 3,000 shares traded, Lasco Distributors concluded trading of 62,800 stock units and added 4 cents to close at $3.99. Lasco Financial finished at $5.80, exchanging 354,663 units, Lasco Manufacturing settled for a rise of 10 cents to $4, with 78,339 shares, Main Event ended trading 107,682 shares and rose 44 cents to end at $6.25, Medical Disposables traded 1 cent higher at $6.50, with 3,024 shares. Paramount Trading dropped 60 cents to end at a52 weeks’ low of $2.10, trading 3,600 stock units, Stationery and Office closed with a loss of 3 cents at $8.97, with 8,060 units and tTech concluded trading of 15,440 shares and climbed 50 cents to $5.

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

JSE main market stocks rose – Wednesday

Caribbean Cement traded at a new high of $56 on Wednesday.


At the close of trading on Wednesday, the Jamaica Stock Exchange moved higher with stocks gaining edging out declining stocks by a ratio 3 to 2.
At the close the All Jamaican Composite Index added 625.35 points to end at 344,739.60 and the JSE Index gained 569.76 points to 314,096.70
Market activities resulted in 29 securities trading including 2 in the US dollar market compared to 28 securities trading on Tuesday. At the end of trading, the prices of 12 stocks rose, 8 declined and 9 traded unchanged. Caribbean Cement traded at an intraday high of $56 but ended at $45 by the close.
Trading in the main market ended with 7,397,463 units valued at $122,484,133 compared to 4,859,195 units valued at $60,716,560 on Tuesday.
The day’s volume was led by, Wisynco Group with 2,011,245 units and 27.2 percent of the main market volume, followed by Sagicor Group exchanging 1,110,079 shares and 15 percent of the day’s trades and Carreras with 737,830 units accounting for 10 percent of traded volume.
Stocks with major price changes| Barita Investments gained 60 cents to $9.60 exchanging 82,479 shares, Berger Paints dropped $4 and ended at $18 after 251,380 stock units changing hands, Jamaica Broilers traded 667,653 shares and shed $2.50 to end at $23, JMMB Group rose $1 to $30 trading 40,771 shares, NCB Financial lost 50 cents and finished trading 64,477 shares at $103, Portland JSX fell 50 to settle at $8.50, trading 836 shares, Sagicor Group gained 53 cents to close at $38, in exchanging 1,110,079 units and Supreme Ventures rose 30 cents in trading 66,987 shares at $15.30.
The Trading in the US dollar market closed with 10,189 units valued at US$1,891 as Margaritaville traded 2,339 shares at 18 US cents and Proven Investments cents and closed at 20 US cents trading 2,850 shares. JSE USD Equities Index rose 0.12 points to 159.36.
Trading resulted in an average of 273,980 units valued at an average of $4,536,449 for each security traded, in contrast to 186,892 units for an average of $2,335,252 on Tuesday. For the month to date an average of 203,253 shares valued at an average of $3,906,599 versus 195,162 shares valued at an average of $3,826,002 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

All Indies trades cancelled at end of play

The most recent Junior Market Indies Pharma started trading on Wednesday and closed with a gain of 80 cents to closed with a gain of 53 percent on the IPO price of $1.50. The stock opened at $2.50 but drifting lower during the day to close at $2.30, well that is what the stock exchange trading platform showed.
None of that mattered in the end as all 774,145 shares that was recorded as trading were cancelled.
But there is something awfully wrong wat the JSE, this problem has been occurring ever since the exchange introduced the current trading platform. First, the rule that limit prices to no more than 30 percent in a day is outmoded. Secondly, just about all new junior market listings have traded well above the limit on opening day sending a clear message that the limit at least for new listings made no sense. The exchange management is clearly behind the market place and need to step up the demands of the market.
The Junior market index climbed 26.04 points to close at 3,161.89 with 25 securities changing hands, compared to 25 on Tuesday. At the close, the prices of 8 securities advanced, 10 declined and 7 remained unchanged with one stock closing at a 52 weeks’ low. Trading resulted in 2,963,010 units valued at $8,928,557 changing hands compared to 1,564,416 units valued at $8,693,578 on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 7 stocks ending with bids higher than their last selling prices, 2 closed with lower offers.
Trading closed with an average of 118,520 units for an average of $357,142 in contrast to 62,577 units for an average of $347,743 on Tuesday. The average volume and value for the month to date amounts to 174,894 units valued at $918,332, compared to 182,596 units valued at $994,997 previous trading day. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial jumped $10.70 and closed at $46.70, with only 1,407 shares changing hands, CAC 2000 concluded trading 96,403 units $1.55 higher at $9.55, Caribbean Cream traded just 650 shares and climbed $1.08 to $5.80, Caribbean Flavours dropped $1.50 to $13, trading 4,854 shares, Caribbean Producers traded with a loss of 4 cents at $6.85, after 7,700 stock units were exchanged, Consolidated Bakeries finished trading at $2.17, with 13,000 units. C2W Music closed with a loss of 3 cents at $1.72, exchanging 20,000 shares, Elite Diagnostic gained 5 cents to end at $2.90, with 1,270,903 stock units changing hands, Everything Fresh traded 1,100,731 shares and ended with a gain of 20 cents at $2.10 as investors responded to half year results showing profit of 4 cents per share for the June quarter on rising gross profit margin. Express Catering rose 12 cents to $8.15, with 6,623 shares, General Accident finished trading 48,811 shares at $3.70. Honey Bun ended at $4.50, with 13,399 units, Iron Rock concluded trading with a loss of 25 cents at $3.25, with 82,741 shares, Jamaican Teas settled at $4, trading 124,700 shares, Jetcon Corporation ended trading at $4.05, with 46,250 stock units. Key Insurance fell 31 cents to $3.16, exchanging 12,050 units, KLE Group finished trading at $3, with 358 shares, Knutsford Express closed at $11.35, with 9,628 shares, Lasco Distributors ended with a loss of 4 cents at $3.95, after 45,000 shares traded. Lasco Financial concluded trading 30 cents higher at $5.80, with 10,275 stock units, Lasco Manufacturing traded 8,757 stock units and fell 5 cents to $3.90, Paramount Trading ended trading with a loss of 30 cents at $2.70, with 1,000 shares, Stationery and Office traded with a loss of 50 cents at $9, with 29,412 shares and tTech closed with a loss of 50 cents at a 52 weeks’ low of $4.50, with 3,340 units. In the junior market preference segment, Eppley 9.5% ended trading at $5.98, with 5,018 shares changing hands.

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

Understanding Jamaica’s fx market part 1