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.
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.
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.
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. 
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.
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.
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. 
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.
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.
The record-breaking run by the Junior Market of the Jamaica Stock Exchange was halted, in trading on Wednesday, with the market index declining 28.31 points to close at 3,540.54 for the first fall in 12 days.
July ended with an average of 138,412 units with a value of $563,215 for each security traded.
Jetcon Corporation climbed 4 cents in exchanging 2,287 shares at $2. Knutsford Express settled at $12 with 2,653 shares changing hands, Limners and Bards added 4 cents and exchanged 4,245,953 shares to end at a record close of $3.94. Lasco Distributors rose 31 cents trading 62,793 shares to close at $3.46, Lasco Financial closed trading of 192,840 units and gained 53 cents to end at 52 weeks’ high of $6.50, Lasco Manufacturing climbed 76 cents in exchanging 880,251 shares to end at a 52 weeks’ closing high of $5.16. Medical Disposables ended trading of 32,090 shares, after rising $1.80 to end at $7 after the company reported slightly lower profit in the first quarter, to June. Main Event ended market activity exchanging 7,360 shares to close at $7 after falling 84 cents, Paramount Trading shed 40 cents trading of 2,000 units to close at $1.80, and Stationery and Office Supplies closed trading of 2,664 units and shed 59 cents to end at $12 and tTech settle at $6 with 43,529 shares changing hands. 
Salada Foods traded 454 shares and gained 95 cents to close at $34, Scotia Group dipped $1.58 to close at $54 trading 377,500 shares, Sygnus Credit Investments gained 50 cents in trading 89,821 shares at $22.50 and Wisynco Group dropped $1.78 in trading 298,304 and to close at $26.
General Accident closed trading of 100,100 units and gained 50 cents to end at a 52 weeks’ high of $5.40, iCreate closed 10 cents higher at 80 cents, with 72,719 stock units trading, Indies Pharma dipped 9 cents in trading of 439,404 units at $3.21, Iron Rock Insurance shed 5 cents in trading of 23,919 units at $4. Infrequently traded ISP Finance dropped $2.15 in trading of 26,659 units at $11.50, Jamaican Teas lost 26 cents in trading of 220,533 units at $7, Jetcon Corporation climbed 3 cents in exchanging 61,340 shares at $1.96. Limners and Bards climbed 15 cents and exchanged 2,638,421 shares to end at a record close of $3.90. Lasco Distributors lost 25 cents trading 135,609 shares to close at $3.15, Lasco Financial closed trading of 129,841 units and gained 47 cents to end at 52 weeks’ high of $5.97, Lasco Manufacturing climbed 15 cents in exchanging 125,484 shares at $4.40, Medical Disposables ended trading 100 shares, after rising 80 cents to end at $8.80. Main Event ended market activity exchanging 6,210 shares to close at $7.84 after falling 11 cents, Paramount Trading shed 18 cents in trading of 15,000 units to close at $2.20, and Stationery and Office Supplies closed trading of 386 units and gained 39 cents to end at $12.59.
The Jamaica Stock Exchange started August on a positive note with rising stocks beating out declining ones and driving the market to the 39th record close for the year to date. 
Pulse Investments exchange 613,290 shares after rising 96 cents to close at $3.96, 
