Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with 25 securities changing hands, 6 advanced, 11 declined and 6 traded firm, with 5,195,513 units valued at $74,800,685 compared to 13,175,593 units valued at $360,574,899 on Wednesday.
The JSE All Jamaican Composite Index declined by 2,034.00 points to close at 302,050.37 and the JSE Index declined by 1,853.20 points to close at 275,202.05.
In main market activity, 1834 Investments ended with a loss of 9 cents at $1.21, with 10,000 stock units, Barita Investments concluded trading with a loss of 10 cents at $8, with 20,561 units, 
Berger Paints finished at $16.20, with 1,084 shares, Cable & Wireless settled at $0.98, with 669,689 shares, Caribbean Cement ended trading with a loss of 1 cent at $32, with 32,950 stock units. Carreras traded with a loss of 1 cent at $10.99, with 3,008,091 units, Grace Kennedy closed at $43, with 33,063 shares, Jamaica Broilers ended with a loss of 40 cents at $17.50, with 46,915 stock units, Jamaica Producers concluded trading 22 cents higher at $16.22, with 34,050 units. Jamaica Stock Exchange finished with a loss of 20 cents at $6.80, with 51,195 shares, JMMB Group settled with a loss of 50 cents at $27, with 19,455 shares, Kingston Wharves traded at $32.50, with 107,220 units, Mayberry Investments finished trading at $5.01, with 414,751 shares. NCB Financial Group closed 4 cents higher at $90.05, with 258,394 shares, 1834 Investments ended with a loss of 9 cents at $1.21, with 10,000 stock units, PanJam Investment concluded trading 75 cents higher at $41.75, with 12,050 units, Portland JSX finished 5 cents higher at $8.95, with 1,600 shares, Pulse Investments settled 13 cents higher at $1.78, with 10,000 shares. 
Radio Jamaica ended trading 3 cents higher at $1.08, with 45,500 stock units, Sagicor Group traded with a loss of $1 at $36, with 31,555 units, Sagicor Real Estate Fund finished trading at $14.50, with 30,633 shares, Scotia Group ended with a loss of $1.48 at $51.02, with 77,645 stock units. Seprod concluded trading with a loss of 1 cent at $30, with 400 units and Supreme Ventures settled with a loss of 70 cents at $10.30, with 66,712 shares. In the main market preference segment, Jamaica Money Market Brokers 7.50%, traded 125,000 units at $1.90, JMMB Group 7.5% ended trading at $1.10, with 87,000 stock units and Proven Investments traded 46,657 shares at $5.50.
Prices of securities trading for the day are those at which the last trade took place.
For more on main market trading follow Main Market drops again on Thursday
Jamaican cashing US$ for Wisynco stock?
At midday on Thursday, foreign currency was pouring into dealers coffers faster than they could dispose of it, with total US$15.39 million purchased by dealers at an average rate of J$125.49, while they could only sell US$7.72 million, at an average of J$126.05.
By the close of trading on Thursday, dealers average rate was down to just $125 to buy the US dollar, a clear indication that they were staving off the selling pressure.
Interestingly, last week, purchases by dealers for the first 4 days for the US dollar, was $145 million and jumped to $161 million to Thursday this week, while the dealers sold just US$167 million in US currency this week, up from $150 from the prior week. The fall in the exchange rate with more selling of US dollars by dealers, suggest that the general public are offloading US dollars into the system. The selloff comes at an interesting time with the very popular Initial Public Offering of shares in Wisynco Group.
Thursdays’ mid-day trading pattern was similar to Wednesday’s with the purchase of US$13.57 million at J$125.72 and selling of US$7.37 million at J$126.16 by mid-day.
On Thursday, the rate of exchange to buy the US dollar by the public, declined for the third time for the week to $126.08, as dealers sold US$38.51 million in US dollars, compared to US$41.03 million at an average rate of $126.20 on Wednesday.
Wata produced by Wisynco
Dealers’ purchased US$42.48 million, versus US$53.74 million on Wednesday in all currencies, in Jamaica’s Forex market and sold US$46.15 million compared with US$44.63 million sold, previously.
The selling rate for the Canadian dollar dropped to J$95.16 from J$98.39 at the close on Wednesday. The selling rate for the British Pound climbed to J$169.72 versus J$169.34 previously and the euro lost value against the Jamaican dollar, recovering to J$148.55 to buy the European common currency, versus prior selling rate of J$146.91.
Main market drops again on Thursday
The JSE All Jamaican Composite Index dropped 2,034.00 points to close at 302,050.37 and the JSE Index dived 1,853.20 points to 275,202.05 at the close on Thursday with 25 securities changing hands, 6 advanced, 11 declined and 6 traded firm on the Main Market of the Jamaica Stock Exchange.
Trading ended with 5,195,513 units valued at $74,800,685 compared to 13,175,593 units valued at $360,574,899 on Wednesday from 22 securities changing hands.
Trading ended with an average of 207,821 units for an average of $2,992,027 in contrast to 598,891 units for an average of $16,389,768 on Wednesday. The average volume and value for the month to date amounts to 349,084 units valued at $5,801,440 and previously 356,262 units valued at $5,944,195. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market saw just one security changing hands with the market index remaining unchanged at 179.28 from 150 units valued at just US$36. Proven Investments US ordinary share traded only 150 units in closing at 23.98.
The major movers at the close are Sagicor Group that fell $1 and Scotia Group losing $1.48, volume wise Carreras traded 3,008,091 units.
For detailed information on trading in the main market see Advancing prices crushed by decliners – Thursday
Juniors drops another 85 points – Wednesday
This Junior market chart is not looking all that good but the data shows the sharp sell off may be ending with support showing up.
Investors took advantage of weak bids in the market for a number of securities cutting [prices of some sharply albeit on limited volumes and slashing the Junior Market Index sharply by 84.68 points to close at 2,744.61 on Wednesday.
Market activities ended with 24 securities changing hands, as the prices of 6 securities advanced, 9 declined and 9 remained unchanged. Trading resulted in an exchange of 933,174 units valued at $3,918,550 compared to 1,396,153 units valued at $6,487,135 on Tuesday coming from 22 securities.
Trading ended with an average of 38,882 units for an average of $163,273 in contrast to 63,462 units for an average of $294,870 on Tuesday. The average volume and value for the month to date amounts to 106,544 units valued at $521,691 and previously 110,697 units valued at $543,691. In contrast, October closed with average of 74,690 units valued at $362,548 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 3 with lower offers.
At the close of the market, Access Financial dropped $6 and closed at $34, with just 500 shares trading, AMG Packaging ended at $2.99, with 500 stock units, Blue Power concluded trading with a loss of $7 to settle at $37, with only 300 units, Caribbean Cream finished at $5.50, with 2,079 shares, Caribbean Producers traded at $4.20, with 351,000 units, C2W Music ended at 49 cents with 95,000 stock units trading, Derrimon Trading closed with a loss of $1 at $7, with 100 shares. Express Catering ended with a loss of 19 cents at $4.30, with 45,452 stock units, Eppley concluded trading with a loss of 50 cents at $10.50, with 1,904 units, General Accident finished 10 cents higher at $2.70, with 15,684 shares, Honey Bun settled at $4.25, with 100 shares. ISP Finance ended trading with a loss of 99 cents to close at $15, with 5,471 stock units, Jamaican Teas traded 16,023 units at $3.80,
Jetcon Corporation finished trading 25 cents higher at $4.75, with 110,928 shares, Knutsford Express closed with a gain of 50 cents at $14, with 2,750 shares. Key Insurance fell 32 cents to $3.68, with 7,947 stock units, KLE Group concluded trading at $2.53, with 24,000 units, Lasco Distributors settled 8 cents higher at $4.40, with 29,227 shares. Lasco Financial ended trading 4 cents higher at $5.05, with 64,437 stock units, Lasco Manufacturing traded with a loss of 40 cents at $3.50, with 32,500 units, Medical Disposables finished trading with a loss of 5 cents at $4.95, with 4,070 shares, Main Event closed at $6, with 83,334 shares, Paramount Trading concluded trading 25 cents higher at $3.40, with 5,469 units and Stationery and Office ended trading at $5.05, with 34,399 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Main market stocks dropped on Wednesday
The Main Market of the Jamaica Stock Exchange closed on Wednesday with 22 securities changing hands and 3 in the US dollar market with, 10 advancing, 5 declining and 10 trading firm with 13,175,593 units valued at $360,574,899 compared to 3,569,794 units valued at $75,294,915 on Tuesday.
The JSE All Jamaican Composite Index declined by 1,625.76 points to close at 304,084.37 and the JSE Index declined by 1,481.25 points to close at 277,055.25.
Trading ended with an average of 598,891 units at an average of $16,389,768 in contrast to 127,493 units for an average of $2,689,104 on Tuesday. The average volume and value for the month to date amounts to 356,262 units valued at $5,944,195 and reviously 344,905 units valued at $5,455,253. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Proven Investments US ordinary share traded 44,384 units in closing at 23.99 US cents and Productivity Business traded 57 US cents with 3,200 shares. In the US market preference segment, JMMB Group 6% ended trading at US$1.12, with 2,175 stock units.
The major movers at the close are Grace Kennedy gained $1.30, NCB Financial dropped $4.99, Scotia Group ended with a loss of $1.44, volume wise, Jamaica Producers accounted for 3,356,105 units, JMMB Group traded 4,971,543 shares and PanJam Investment finished with 3,518,560 units changing hands.
JSE main market falters again
Seprod shares dropped $3.99 on Tuesday.
The main market indices suffered major reversal as a result of the negative advance decline ratio of nearly 1 to 1, leading the JSE All Jamaican Composite Index, to drop 898.61 points to close at 305,710.13 and the JSE Index to 818.74 points, to close at 278,536.50.
Trading ended on Tuesday with 28 securities changing hands of which 11 advanced, 11 declined and 3 traded firm with 3,569,794 units valued at $75,294,915 changing hands.
The major contributors to the sharp fall are declines of $1.30 in the price of Grace Kennedy, Salada Foods fell $1.19, Scotia Group jumped $2.64, Seprod dropped $3.99, on the other hand National Financial rose $1 and Scotia Group rose $2.64.
In the main market activity, Barita Investments concluded trading 50 cents higher at $8.50, with 25,000 units, Berger Paints finished with a loss of 9 cents at $16.11, with 29,075 shares, Cable & Wireless settled 2 cents higher at 97 cents, with 51,499 shares, Caribbean Cement ended trading 1 cent higher at $32.01, with 4,240 stock units. Carreras traded with a loss of 4 cents at $11, with 2,009,745 units, Ciboney Group finished trading 5 cents higher at 50 cents, with 65,000 shares, Grace Kennedy closed with a loss of $1.30 at $41.70, with 141,575 shares, Jamaica Broilers ended with a loss of 1 cent at $17.50, with 70,380 stock units. Jamaica Producers concluded trading with a rise of 20 cents to $16.20, with 60,592 units, Jamaica Stock Exchange finished with a loss of 38 cents at $6.60, with 21,679 shares, JMMB Group settled with a loss of 50 cents at $27.50, with 16,763 shares, Kingston Properties ended trading 1 cent higher at $8.01, with 1,300 stock units. Kingston Wharves traded 50 cents higher at $33, with 2,857 units, Mayberry Investments finished trading with a loss of 19 cents at $5.01, with 6,000 shares, NCB Financial Group closed $1 higher at $95, with 35,601 shares, 1834 Investments ended at $1.30, with 20,872 stock units, 
PanJam Investment concluded trading at $40.75, with 2,895 units. Portland JSX finished with a loss of 50 cents at $8.50, with 500 shares, Radio Jamaica ended trading with a loss of 4 cents at $1.05, with 2,000 stock units, Sagicor Group traded 4 cents higher at $36.54, with 6,100 units, Sagicor Real Estate Fund finished trading at $14.50, with 1,000 shares. Salada Foods Jamaica closed with a loss of $1.19 at $8.81, with 2,000 shares, Scotia Group ended $2.64 higher at $53.94, with 727,189 stock units, Seprod finished with a loss of $3.99 at $30.01, with 400 shares and Supreme Ventures ended trading with a loss of 42 cents at $10, with 110,204 stock units.
Prices of securities trading for the day are those at which the last trade took place.
JSE majors down with 11 stocks rising & 11 falling
Main market stocks in serious test of resistance that is not likely to last.
Trading on the main market of the Jamaica Stock Exchange ended trading on Tuesday with 28 securities changing hands of which 11 advanced, 11 declined and 3 traded firm with 3,569,794 units valued at $75,294,915 changing hands, down sharply from 19,187,109 units valued at $205,077,757 on Monday.
The JSE All Jamaican Composite Index declined by 898.61 points compared to a fall of 3,027.95 points on Monday, to close at 305,710.13 and the JSE Index declined by 818.74 points versus a fall of 2,758.81 points on Monday, to close at 278,536.50.
Trading ended with an average of 127,493 units for an average of $2,689,104 in contrast to 799,463 units for an average of $8,544,907 on Monday. The average volume and value for the month to date amounts to 344,905 units valued at $5,455,253 and previously 358,678 units valued at $5,630,484. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the US dollar market, the index rose 11.04 points to close at 179.19 with 76,985 units trading at a value of US$67,389. Productivity Business ordinary share traded 1,549 units and rose 2 cents to close at 57 US cents, Proven Investments ordinary share traded 20,416 units to gain 2 cents to close at 23.98 US cents and JMMB Group 6% US Preference share traded 55,000 units at US$1.12.
The main movers for the day are, Grace Kennedy falling $1.30, NCB Financial Group adding $1, Salada Foods fell $1.19, Scotia Group jumped $2.64, Seprod dropped $3.99 and Ciboney traded at a 52 weeks’ high of 50 cents while Carreras ended trading 2,009,745 units.
Juniors drop 237 points in a week
The prices of Lasco Distributors and Lasco Financial cut Junior market index sharply.
The Junior Market Index plunged sharply by 119.67 points to close at 2,829.29, after shedding 45.44 points on Monday and 50 points on Friday. The market has lost 237.24 or 7.7 percent since last week Wednesday.
The two main companies contributing to the fall are Lasco Distributors that fell from $5.90 last week to $4.32 in response to the disappointing court awards in their dispute with Pfizer and Lasco Financial falling from $6.50 to $5.01.
At the close of market activities, the prices of 5 securities advanced, 10 declined and 7 remained unchanged as the market concluded trading on Tuesday with 22 securities changing hands, resulting in an exchange of 1,396,153 units valued at $6,487,135 compared to 2,397,751 units valued at $13,589,523 on Monday coming from 17 securities.
Trading ended with an average of 63,462 units for an average value of $294,870 in contrast to 141,044 units for an average of $799,384 on Monday. The average volume and value for the month to date amounts to 110,697 units valued at $543,691 and previously 113,513 units valued at $558,525. 
In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $2.99, with 3,159 stock units, Caribbean Cream finished at $5.50, with 43,200 shares, Cargo Handlers ended trading at $10.85, with 500 stock units trading, Caribbean Producers traded at $4.20, with 371,229 units, C2W Music ended 9 cents higher at $0.49, with 16,433 stock units, Express Catering fell 1 cent in closing at $4.49, with 2,023 stock units, General Accident finished with a loss of 10 cents at $2.60, with 22,000 shares. Honey Bun settled 25 cents higher at $4.25, with 14,400 shares, Iron Rock settled at $2.80, with 2,452 shares, ISP Finance ended trading with a loss of 1 cent at $15.99, with 5,529 stock units, Jamaican Teas traded with a loss of 20 cents at $3.80, with 126,600 units, Jetcon Corporation finished trading after losing 10 cents to $4.50, with 12,965 shares. 
Knutsford Express closed 50 cents higher at $13.50, with 6,631 shares, KLE Group concluded trading 2 cents higher at $2.53, with 20,600 units, Lasco Distributors dropped $1.37 to $4.32, with 115,400 shares, in response to the low award for damages against Pfizer. Lasco Financial ended trading down $1.21 to $5.01, with 337,824 stock units, Lasco Manufacturing fell 5 cents to $3.90, with 32,000 units, Medical Disposables fell 10 cents to $5, with 1,816 shares changing hands, Main Event closed at $6, with 105,855 shares. Paramount Trading concluded trading at $3.15, with 39,425 units, Stationery and Office ended trading at $5.05, with 114,612 stock units and tTech finished trading 1 cent higher at $7, with 1,500 shares.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market falters again
Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 24 securities changing hands, with 7 advancing, 12 declining and 4 trading firm with 19,187,109 units valued at $205,077,757.
The market indices suffered major reversal as a result of the negative advance decline ratio of nearly 1 to 2 hit, leading the JSE All Jamaican Composite Index, to drop 3,027.95 points to close at 306,608.74 and the JSE Index to dive 2,758.81 points to 279,355.24. The major contributors to the sharp fall include, declines in Grace Kennedy, Kingston Wharves but mostly a $1 drop in the price of NCB Financial Group and $1, Sagicor Group with a fall of $1.60.
In main market activity, Berger Paints finished with a loss of 30 cents at $16.20, with 215,407 shares changing hands, Cable & Wireless settled with a loss of 4 cents at 95 cents, with 288,300 shares, Caribbean Cement ended trading with a loss of 1 cent at $32, with 72,066 stock units, Carreras traded with a loss of 1 cent at $11.04, with 84,627 units.
Ciboney Group finished trading 19 cents higher at 52 weeks’ high of 45 cents, with 60,000 shares, Grace Kennedy closed with a loss of 44 cents at $43, with 968 shares, Jamaica Broilers ended 1 cent higher at $17.51, with 25,872 stock units, Jamaica Producers concluded trading at $16, with 5,440 units. Jamaica Stock Exchange finished with a loss of 27 cents at $6.98, with 15,018,321 shares, JMMB Group settled 5 cents higher at $28, with 154,344 shares, Kingston Wharves traded with a loss of 50 cents at $32.50, with 36,215 units, Mayberry Investments finished trading 10 cents higher at $5.20, with 1,023,177 shares. NCB Financial Group lost $1 at $94, with 58,498 shares trading, 138 Student Living closed with a loss of 5 cents at $6, with 4,290 shares, PanJam Investment concluded trading with a loss of 75 cents at $40.75, with 12,620 units, Portland JSX finished at $9, with 3,900 shares, Radio Jamaica ended trading 2 cents higher at $1.09, with 45,693 stock units. 
Sagicor Group traded with a loss of $1.60 at $36.50, with 2,026,098 units, Sagicor Real Estate Fund finished trading at $14.50, with a mere 1,515 shares, Scotia Group closed trading 10 cents higher at $51.30, with 21,850 stock units, Seprod climbed $1.80 to $34, with 1,600 units but ended with the stock on offer at $32. Sterling Investments finished at $12, with 8,000 shares and Supreme Ventures settled with a loss of 8 cents at $10.42, with 17,370 shares. In the main market preference segment, JMMB Group ended trading at $1.10, with 938 stock units.
Prices of securities trading for the day are those at which the last trade took place.
14,568 points slashed off AJIndex in 2 weeks
Investors cut 4.5 percent or 14,568.35 points in two weeks off the JSE All Jamaican Composite Index, as it dropped 3,027.95 points on Monday to close at 306,608.74. During the same period, the JSE Index dived 13,273.42 or 4.5 percent, to close with a fall of 2,758.81 points on Monday at 279,355.24.
Trading on the Main Market of the Jamaica Stock Exchange ended on Monday with 24 securities changing hands, as 7 advanced, 12 declined and 4 traded firm with 19,187,109 units valued at $205,077,757 compared to 10,390,820 units valued at $339,090,865 on Friday.
Trading ended with an average of 799,463 units for an average of $8,544,907 in contrast to 451,775 units for an average of $14,743,081 on Friday. The average volume and value for the month to date amounts to 358,678 units valued at $5,630,484 and previously, an average of 333,369 units valued at $5,463,149. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the US dollar market Margaritaville ordinary share traded 2,300 units at 19 us cents valued at just US$21.
The main movers for the day are, NCB Financial Group dropping $1, Sagicor Group fell $1.60 trading 2,026,098 units and Seprod jumped $1.80. Ciboney traded at a 52 weeks’ high of 45 cents.
