Feature Stories — Page 318

Junior Market slips – Monday

October 29, 2018 by IC Insider.com

The Junior Market Index lost 7.26 points to close at 3,307.46, on Monday with 26 securities trading, versus 22 on Friday. At the close 9 advanced, 9 declined and 8 remained unchanged.
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, while 6 closed with lower offers.
The market traded just 758,861 units valued at $3,466,162 compared to 707,099 units valued at $2,876,348 on Friday.
Trading ended with an average of a mere 29,187 units for an average of $133,314 in contrast to 32,141 units for an average of $130,743 on Friday. The average volume and value for the month to date amounts to 61,226 units valued at $280,213 and previously 62,882 units valued at $287,807. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, Access Financial closed $1 higher at $50, in trading of 1,229 shares, AMG Packaging ended at $1.80, with 20,000 stock units changing hands, Cargo Handlers settled 25 cents higher at $13, trading 1,461 shares, Caribbean Cream ended trading 85 cents higher at $6.75, while exchanging 18,700 shares, Caribbean Producers finished trading 23,719 units with a loss of 29 cents at $6.51. Derrimon Trading ended 2 cents higher at $2.82, exchanging 18,750 shares, Dolphin Cove concluded trading 1,963 shares and rose 10 cents to $15, Elite Diagnostic finished at $3.17, trading 15,175 stock units, Everything Fresh gained 2 cents in trading 106,904 shares, to close at $2.06, Express Catering ended trading with a loss of 20 cents at $8, with 111,028 shares. FosRich Group traded 16,877 shares with a loss of 60 cents at $3.10, General Accident finished trading 108,000 shares, with a loss of 45 cents to close at $3.50, Honey Bun ended with a loss of 5 cents at $4.10, while exchanging 18,000 units, Indies Pharma rose 10 cents and closed at $3.10 with 126,444 shares changing hands, Jamaican Teas settled with a loss of 1 cent at $4.09, trading 25,926 shares. Jetcon Corporation ended trading 2,200 stock units with a loss of 30 cents at $3.50, KLE Group finished trading 550 shares at $3.75, Knutsford Express closed with a loss of 20 cents at $11.80, with 1,550 shares trading, Lasco Distributors ended at $4, trading 26,700 shares. Lasco Financial concluded trading 1,672 stock units with a loss of 5 cents at $5.45, Lasco Manufacturing finished 16 cents higher at $3.76, in exchanging 3,166 units, Main Event settled 15 cents higher at $6.10, with 91,364 shares changing hands, Medical Disposables ended trading 1,600 shares at $7.50, Paramount Trading ended at $2.75, in exchanging 13,224 shares SSL Venture Capital traded 400 shares at $2.05 and Stationery and Office finished trading 2,259 stock units, ending unchanged at $9.50.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

All Jamaica drops 8,000 points – Friday

October 26, 2018 by IC Insider.com

NCB Financial dropped $8 on Friday.

The Jamaica Stock Exchange closed on Friday with big losses in heavily capitalized companies with NCB Financial leading with a fall of $8 and Grace Kennedy falling $4 that pulled the market down 2 percent with the 5th largest points decline in the market’s history and the second big fall in October.
The market ended with the prices of 8 securities rising, 15 declining while 6 remained unchanged leading to the All Jamaica Composite Index diving 8,031.01 points to 393,833.61 and the JSE Index dropping 7,317.16 points to close at 358,826.99.
Trading closed with 29 active securities in the main and US dollar market compared to 30 on Thursday but with higher volume and value as 4,241,799 units valued at $75,795,522 traded, compared with 8,202,147 units valued at $132,503,743 changing hands, on Thursday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,652,103 units trading, or 39 percent of the day’s volume and Jamaica Broilers with 713,975 units and 16.8 percent of volume traded. Jamaica Stock Exchange leading with 448,893 units and 10.6 percent of the day’s volume, followed by
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, an indication that falling prices are likely to be dominant on Friday.
Trading resulted in an average of 151,493 units valued at over $2,706,983, in contrast to 292,934 shares valued at $4,732,277 on Thursday. The average volume and value for the month to date amounts to 300,895 shares, valued $5,350,785 and previously 308,613 shares, valued $5,494,805. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Grace Kennedy dropped $4, trading 120,588 shares to close at $55, Jamaica Broilers added $2 in trading 713,975 stock units, and closed at $30, Jamaica Producers lost $1 to close at $26 with 17,624 units changing hands, Jamaica Stock Exchange climbed 95 cents to close at a 52 weeks’ high of $9.20, with 448,893 shares, JMMB Group lost 80 cents and ended at $34, exchanging 60,884 shares., NCB Financial Group dropped $8 to $120, trading 207,683 shares, PanJam Investment closed at $65.70, after declining $1.30 in trading 1,890 stock units, Portland JSX lost 50 cents in ending at $8 with 136,300 units, Sagicor Group dropped $2 to end at $45, trading 49,349 shares, Sagicor Real Estate Fund dropped $1.70 to $13.20, with 13,594 shares changing hands. Scotia Group climbed $2.50 in trading 33,416 units to close at $54, Supreme Ventures rose 25 cents to end at $16.50, in an exchange of 10,000 shares and Wisynco Group finished at $10.10, in trading 138,251 units after posting a loss of 20 cents.
Trading in the US dollar market closed with Proven Investments trading 2,152 to close at 21 US cents. The JSE USD Equities Index rose 2.97 points to close at 164.66.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

More gains for Junior Market – Friday

October 26, 2018 by IC Insider.com

The Junior Market Index gained 17.37 points to close at 3,314.72, on Friday with just 22 securities trading, the same as on Thursday. At the close 3 advanced, 6 declined and 13 remained unchanged.
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, while 6 closed with lower offers.
The market traded just 707,099 units valued at $2,876,348 compared to 649,685 units valued at $2,602,109 on Thursday.
Trading ended with an average of a mere 32,141 units for an average of $130,743 in contrast to 29,531 units for an average of $118,278 on Thursday. The average volume and value for the month to date amounts to 62,882 units valued at $287,807 and previously 64,288 units valued at $294,990. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, Access Financial closed trading with just 200 shares changing hands and rose $2.90 to $49, AMG Packaging ended at $1.80, exchanging 15,299 stock units, Blue Power concluded trading of 200 units, with a loss of 30 cents to end at $6.20, CAC2000 finished trading of 8,156 shares at $16, Caribbean Flavours traded 1,230 stock units at $17. Caribbean Producers finished trading with a loss of 4 cents at $6.80, in exchanging 5,115 units, Derrimon Trading ended with a loss of 2 cents at $2.80, in swapping 10,000 shares, Elite Diagnostic finished with a loss of 23 cents at $3.17, with 155,009 stock units changing hands, Everything Fresh ended trading 48,942 shares, to close at $2.04, Express Catering lost 20 cents to close at $8.20, exchanging 46,240 shares. FosRich Group traded 200 shares, with a loss of 5 cents to close at $3.70, General Accident finished trading 2,897 shares at $3.95, Indies Pharma closed at $3 with 50,815 shares changing hands, Jamaican Teas settled at $4.10, with 2,000 shares trading, Jetcon Corporation ended trading of 212,300 stock units and lost 5 cents to close at $3.80. KLE Group finished trading 200 shares at $3.75, Knutsford Express closed at $12, exchanging 1,460 shares, Lasco Distributors ended at $4, trading 88,850 shares, Lasco Financial concluded trading at $5.50, with 34,882 stock units changing hands, Lasco Manufacturing finished 10 cents higher at $3.60, in swapping 16,848 units, Stationery and Office finished trading of 1,256 stock units at $9.50 and tTech ended at $5, with 5,000 shares changing hands. In the US dollar Junior Market Epply US5% preference share traded 3,000 shares at $1.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market

Republic Bank lands closer to Jamaica

October 26, 2018 by IC Insider.com

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Republic Bank traded at a 52 weeks’ high.

There has been rumors that Trinidad and Tobago’s Republic Financial is eyeing Jamaica to set up some form of operation. The name was initially mooted earlier this year, when the financial market was abuzz with an ownership change.
Boxed in by the tight economy in its own base of Trinidad and Tobago, Republic is on the prowl and Jamaica with the brightest economic prospects since the 1960s, cannot be off their radar. Keep a watch on this space.
In 2015, they bought the majority shares in HFC Bank in Ghana, they announced last week that as of the end of business on Friday, 12 October 2018, they received acceptances for a total of 22,934,246 ordinary shares of Cayman National, representing 54.15 percent of the ordinary shares, making them a subsidiary of the republic group.
In September, Republic made an offer to acquire a minimum of 51 percent and up to 74.99 percent of the ordinary shares of Cayman National to their shareholders at US$6.25 per share. The consummation of the acquisition remains subject to certain other conditions including, without limitation, receipt of necessary government and regulatory approvals. Republic stated that it is committed to purchase up to 74.99 percent of the ordinary shares of Cayman National. The Offer was scheduled to expire on Monday October 22 but is extended to Monday November 12, 2018, pursuant to the rules of the Cayman Islands Stock Exchange, and to accommodate an Extraordinary General Meeting of the shareholders of Cayman National to be held on Wednesday, 7 November 2018 to amend the articles of the bank.
The Republic Financial has off shore operations in Cayman Islands since 1992. Republic Bank (Cayman) is a private bank offering a comprehensive wealth management service to its clients.
Republic reported profit of $343 million for the June Quarter up from $328 million in 2017 and for the nine months to June $993 million versus $959 million in 2017. Shareholders’ equity stood at $9 billion and total assets of $70 billion with loans advanced to customers of $36 billion. As of June this year, Cayman National Bank had CI$1.56 billion with shareholders equity of $114 million. Profit was $16.4 million up strongly from $11.7 million in 2017. Republic purchased the shares at a PE around 10 times 2017 earnings and that should translate to a higher stock price for republic that sells around a PE of 13 currently. Republic will be able to cut operating cost at the new subsidiary as they can share in certain services that are common to both entities.

Filed Under: Company News, Feature Stories, General Business News Tagged With: Barita Investments, Cayman Islands, Cayman Islands Stock Exchange, Cayman National Bank, Republic Financial Holdings

Some banks offloading US dollars

October 25, 2018 by IC Insider.com

National Commercial Bank sold off US$ on Thursday.

The Jamaican dollar closed below the J$130 to the US dollar on Thursday, with the selling rate to buyers ending at an average of $129.62. The rate fell as National Commercial Bank bought just US$6.2 million and sold $14.8 million while JN Bank offloaded US$5.3 million while buying a mere $190,000.
On Wednesday, Scotiabank offloaded nearly US$23 million against buying $13.6 million. For the week to date, dealers bought US$182 million and sold US$204 million. In the previous full week, purchases amounted to $192 million and selling $188 million. With one more day of trading to come for this week, inflows will be well ahead of last weeks’ level which included purchases of US$10 from Bank of Jamaica (BOJ). No sale of foreign exchange was done by the central bank this week, and none are planned for the next four weeks. BOJ sold US$19 million to the market up to November 15 last year.
For the current week dealers also bought 5.9 million of Pound sterling and sold 3.4 million and purchased $21.2 million Canadian dollars and sold $18.9 million.
In 2017, for the first four days of the fourth week of October, purchases of all dealers and Cambios amounted to $196 million which including purchases from BOJ of US$10 million with sales of US$179 million.

Filed Under: Feature Stories, FX Market Tagged With: BOJ, British Pound, Canadian dollar, Daily Trading, Emerging markets, FX Market, US Dollar

All Jamaica jumps 4,000 points – Thursday

October 25, 2018 by IC Insider.com

Sagicor Group & PanJam hit new closing highs.

Trading on the Jamaica Stock Exchange on Thursday saw the All Jamaica Index surging 6,201.47 with just less than 35 minutes left in the trading session with the index hitting the 404,000 mark before losing some steam in the final 30 minutes of trading.
The market ended with the prices of 10 securities rising, 15 declining while 5 remained unchanged leading to the All Jamaica Composite Index jumped 4,065.81 points to 401,864.62 and the JSE Index climbed 3,704.41 points to close at 366,144.15.
Trading close with 30 active securities in the main and US dollar market compared to 36 on Wednesday but with higher volume and value as 8,202,147 units valued at $132,503,743 traded, compared with 2,854,732 units valued at $50,801,535 changing hands, on Wednesday.
Main market trading closed with Wisynco Group leading with 5,337,134 units and 65 percent of the day’s volume, followed by JMMB Group 7.5% preference share trading 1,058,439 shares or 7.5 percent of the day’s volume and Kingston Wharves with 358,384 units and 4.4 percent of volume traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 292,934 units valued at over $4,732,277, in contrast to 101,955 shares valued at $1,814,341 on Wednesday. The average volume and value for the month to date amounts to 308,613 shares, valued $5,494,805 and previously 309,467 shares, valued $5,538,737. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints fell 49 cents to finish at $22.01, trading 2,875 shares, Grace Kennedy rose $1.50, trading 28,698 shares at $59, Jamaica Broilers lost $2 in trading 231,668 stock units, and closed at $28, Jamaica Producers lost $2 to close of $27 with 22,481 units changing hands, Kingston Wharves lost $5 and finished at $70, with 358,384 stock units changing hands, Mayberry Investments rose 45 cents to $10.50 with 4,000 units trading, NCB Financial Group fell 25 cents to $128 trading 31,645 shares, PanJam Investment ended at a 52 weeks’ closing high of $67, after jumping $3.01 trading 23,000 stock units, Pulse Investments jumped 58 cents in trading a mere 200 shares at $2.98, Sagicor Group jumped $3.80 to a 52 weeks’ high of $47, trading 51,871 shares, Sagicor Real Estate Fund jumped $1.65 and settled at $14.90, with 54,320 shares changing hands. Salada Foods fell 50 cents and ended trading 19,850 stock units, to at $21.50, Scotia Group shed $1.50 in trading 249,590 units to close at $51.50, Seprod finished trading 2,000 shares, with a fall of $1 to close at $32, Sterling Investments fell 50 cents to finish trading 6,438 shares at $22, Supreme Ventures lost 75 cents to end at $16.25, in an exchange of 37,075 shares and Wisynco Group finished at $10.30, in trading 5,337,134 units after posting gains of 30 cents.
Trading in the US dollar market closed with 19,733 units valued at $12,220 changing hands as JMMB Group 5.75% lost 2 cents to close at $2.03 with 4,500 shares trading, Proven Investments ended with a rise of 1 cent trading 15,233 to close at 21 US cents. The JSE USD Equities Index fell 0.91 points to 161.69.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market gains on low volume – Thursday

October 25, 2018 by IC Insider.com

The Junior Market Index rose 32.22 points to close at 3,297.35, on Thursday with just 22 securities trading, compared to 30 on Wednesday. At the close 8 advanced, 2 declined and 12 remained unchanged.
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, while 6 closed with lower offers.
The market traded a mere 649,685 units valued at $2,602,109 compared to 427,247 units valued at $2,611,085 on Wednesday.
Trading ended with an average of a mere 29,531 units for an average of $118,278 in contrast to 14,242 units for an average of $87,036 on Wednesday. The average volume and value for the month to date amounts to 64,288 units valued at$294,990 and previously 65,954 units valued at $303,460. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, AMG Packaging ended at $1.80, with 67,500 stock units trading, CAC2000 finished trading 7,935 shares at $16, Caribbean Cream closed trading 55 cents higher at $5.90, swapping 955 shares, Caribbean Producers finished trading 6,100 units at $6.84, Derrimon Trading ended at $2.82, with 14,300 shares changing hands. Dolphin Cove concluded trading 1,030 shares after rising 10 cents to $14.90, Elite Diagnostic finished with a loss of 5 cents at $3.40, with 15,100 stock units changing hands, Everything Fresh gained 16 cents in trading 33,310 shares to close at $2.04, Express Catering ended trading 72,810 shares at $8, FosRich Group traded 65 cents higher at $3.75, with 16,584 shares changing hands. GWest Corporation closed at $1.60, trading 30,078 stock units, Honey Bun ended 10 cents higher at $4.15, with an exchange of 8,444 units, Indies Pharma ended trading at $3 with 107,461 shares changing hands, Iron Rock concluded trading of 15,000 shares after rising 7 cents to close at $4.80, Jetcon Corporation ended trading at $3.85, with 70,044 stock units changing hands. Knutsford Express closed at $12, with 1,250 shares trading, Lasco Distributors ended 10 cents higher at $4, with 97,607 shares changing hands, Lasco Financial concluded trading of 14,903 stock units, after gaining 20 cents to $5.50, Lasco Manufacturing finished at $3.50, with 31,901 units changing hands. Main Event settled with a loss of 5 cents at $5.95, exchanging 1,332 shares and Paramount Trading closed at $2.75, in exchanging 26,306 shares. In the junior market preference segment, Eppley 8.25% concluded trading of 9,735 units at $6.06.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC2000, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Eppley, Everything Fresh, Express Catering, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Trading Activity

15 stocks fall 6 rise on JSE – Wednesday

October 24, 2018 by IC Insider.com

Jamaica Stock Exchange.

The number of securities trading fell on Wednesday on the Jamaica Stock Exchange main and US markets to 30 up from 36 on Tuesday but with 2,854,732 units valued at over $50,801,535 trading, compared with 2,431,671 units valued at $40,003,992 changing hands, on Tuesday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,132,076 units and 42.7 percent of the day’s volume, followed by Grace Kennedy trading 223,066 shares or 7.8 percent of the day’s volume and Carreras with 210,994 units and 7.4 percent of volume traded.
The market ended with the prices of 6 securities rising, 15 declining while 9 remained unchanged leading to the All Jamaica Composite Index declining 1,319.14 points to 397,798.81 and the JSE Index falling by 1,201.89 points to close at 362,439.74.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 101,955 units valued at over $1,814,341, in contrast to 78,441 shares valued at $1,290,451 on Tuesday. The average volume and value for the month to date amounts to 309,467 shares, valued $5,538,737 and previously 321,423 shares, valued $5,766,429. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $18, in exchanging 36,644 shares, Berger Paints rose 50 cents to finish at $22.50, trading 403 shares, Grace Kennedy fell $1.50, trading 223,066 shares at $57.50, Jamaica Producers lost 50 cents to close of $29 with 33,405 units changing hands, Mayberry Investments fell 45 cents to settle at $10.05, exchanging 17,161 units, Mayberry Jamaican Equities declined $1 to $12 with 8,800 units trading, NCB Financial Group climbed $3.25 and ended trading 74,617 shares at $128.25, Portland JSX rose 50 cents and ended at $8.50, trading just 100 units. Pulse Investments lost 46 cents in trading 9,496 shares at $2.40, Sagicor Group fell 80 cents to $43.20, trading 26,046 shares, Scotia Group gained 50 cents in trading 51,880 units to close at $53, Seprod finished trading 19,103 shares, with a fall of $2.60 to close at $33 and Sterling Investments fell 80 cents to finish trading 22,768 shares at $22.50.
Trading in the US dollar market closed with 803,989 units valued at $107,793 changing hands as Proven Investments ended with a loss of 1 cent trading 204,139 to close at 20 US cents and Sygnus Credit Investments US dollar ordinary share traded 599,850 units and gained 0.5 cent to end at 11.5 US cents. The JSE USD Equities Index fell 2.06 points to 162.60.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Junior Market in big drop – Wednesday

October 24, 2018 by IC Insider.com

The Junior Market Index dived 44.46 points to close at 3,265.13, on Wednesday with 30 securities traded, compared to 23 on Tuesday, as 14 advanced, 9 declined and 7 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading jumped sharply to 7 stocks ending with bids higher than their last selling prices, while 2 closed with lower offers.
The market traded a mere 427,247 units valued at $2,611,085 compared to 549,331 units valued at $2,101,338 on Tuesday.
Trading ended with an average of a mere 14,242 units for an average of $87,036 in contrast to 23,884 units for an average of $91,363 on Tuesday. The average volume and value for the month to date amounts to 65,954 units valued at $303,460 and 69,570 units valued at $318,595, previously. September, ended with an average of 484,335 at $2,628,299 for each security traded.
At the close of trading, Access Financial closed 60 cents higher at $46.10, in exchanging 290 shares, AMG Packaging ended with a loss of 2 cents at a 52 weeks’ low of $1.80, with 2,000 stock units trading, Blue Power concluded trading of 12,076 units, with a loss of 54 cents to close at $6.50, CAC 2000 fell $1 to $16, with 13,439 shares changing hands, Cargo Handlers settled with a loss of 1 cent at $12.75, with 3,628 shares being traded. Caribbean Cream ended trading 55 cents higher at $5.35, with 20,000 shares, Caribbean Producers finished trading 1,936 units at $6.84, Consolidated Bakeries closed 10 cents higher at $2.40, swapping 5,000 shares, Derrimon Trading gained 2 cents to $2.82, with 10,244 shares trading. Dolphin Cove concluded trading of 29,000 shares with a loss of $2.20 to end at $14.80, Elite Diagnostic finished 5 cents higher at $3.45, swapping 13,958 stock units, Everything Fresh gained 8 cents in trading 18,000 shares to close at $1.88, Express Catering ended trading 17,300 shares with a loss of 30 cents to close at $8, FosRich Group traded 3,000 shares with a loss of 70 cents to finish at $3.10. General Accident finished trading 2,000 shares and rose 25 cents to $3.95, GWest Corporation closed with a gain of 5 cents at $1.60, in exchanging 39,615 stock units, Honey Bun ended at $4.05, with 300 units changing hands, Indies Pharma gained 5 cents to end at $3 with 8,564 shares changing hands, Iron Rock concluded trading of 2,000 shares and rose 3 cents to $4.73. Jamaican Teas settled at $4.10, with a mere 100 shares trading, Jetcon Corporation ended trading of a mere 200 stock units and rose by 35 cents to $3.85, Knutsford Express closed at $12, with 11,495 shares trading, Lasco Distributors ended with a loss of 4 cents at $3.90, with 64,426 shares being exchanged. Lasco Financial concluded trading of 96,407 stock units at $5.30, Lasco Manufacturing closed at $3.50, with 7,932 units changing hands, Main Event settled at $6, in trading 6,938 shares, Medical Disposables ended trading with 650 shares after rising 30 cents to a 52 weeks’ high of $7.50, Paramount Trading traded 25 cents higher at $2.75, with 2,000 shares,SSL Venture Capital traded 1,000 shares and gained 5 cent to close at $2.05 and Stationery and Office finished trading 33,749 stock units with a loss of 40 cents to $9.50.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FosRich, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity

More stocks less volume trade on JSE – Tuesday

October 23, 2018 by IC Insider.com

The number of securities trading rose on Tuesday on the Jamaica Stock Exchange main and US markets to 36 up from 32 on Monday but with less volume of 2,431,671 units valued at $40,003,992 compared with 5,670,913 units valued at $98,003,071 changing hands, on Monday.
Trading closed with Ciboney leading with 1,039,900 units and 42.7 percent of the day’s volume, followed by Scotia Group trading 255,885 shares or 10.5 percent of the day’s volume and Carreras with 166,800 units and 7 percent of volume traded.
The market ended with the prices of 13 securities rising, 9 declining while 14 remained unchanged leading to the All Jamaica Composite Index in slipping 44.99 points to 399,117.95 and the JSE Index falling by 40.99 points to close at 363,641.63. During the morning session the market was up more than 6,000 points with NCB Financial trading up to $128.25.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Wednesday.
Trading resulted in an average of 78,441 units valued at over $1,290,451, in contrast to 189,030 shares valued at $3,266,769 on Monday. The average volume and value for the month to date amounts to 321,423 shares, valued $5,766,429 and previously 337,978 shares, valued $6,091,383. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $19.50, in exchanging 93,063 shares, Caribbean Cement rose 99 cents to finish at $47, trading 3,000 shares, Grace Kennedy rose $1 trading of 48,306 shares at $59, Jamaica Broilers climbed $1.50 in trading 110,010 stock units to close at $30, Jamaica Producers added $2.50 to close of $29.50 with 7,255 units changing hands, JMMB Group jumped $1 to $35 trading 30,191 shares, Mayberry Investments fell 50 cents to settle at $10.50, exchanging 11,450 units, Mayberry Jamaican Equities climbed $1.25 to $13 with 90,200 units trading, PanJam Investment gained $2 to end at $64, trading 18,055 shares, Proven Investments ended trading 18,819 shares in the Jamaican dollar based market to close at a record $30 after rising $3.60, Sagicor Group fell by $2 cent to $44, trading 17,852 shares, Scotia Group gained 50 cents in trading 255,885 units to close at $52.50, Seprod finished trading 2,968 shares, with a fall of $3.40 to close at $35.60, Stanley Motta added 25 cents, trading 15,800 units to close at $4.45 and Wisynco Group finished 25 cents down to $10, with 117,281 units trading.
Trading in the US dollar market closed with 109,636 units valued at $134,951 changing hands as JMMB Group 5.75% preference share traded 44,490 units in closing at US$2.05, JMMB Group 6% preference share traded 44,490 units in closing at US$2.05, Margaritaville traded 1,000 shares at 25 US cents,Proven Investments ended trading 28,732 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 784 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.