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.
Juniors down sharply again with 11 losers
the prices of Lasco Distributors and Lasco Financial had wild swings on Monday as the courts awarded Lasd $273 million in damages.
Trading on the Junior Market of the Jamaica Stock Exchange, with 17 securities changing hands as the prices of 2 securities advanced, 11 declined and 4 remained unchanged leading to market Index declining 45.44 points to 2,948.96.
Trading on Monday, resulted in an exchange of 2,397,751 units valued at $13,589,523 compared to 1,089,369 units valued at $4,857,835 from 20 securities changing hands on Friday.
At the close of market activities, an average of 141,044 units traded for an average of $799,384 in contrast to 54,468 units for an average of $242,892 on Friday. The average volume and value for the month to date amounts to 113,513 units valued at $558,525 and previously 112,183 units valued at $546,893. 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 2 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial closed with a loss of $1 at $40, with 20,400 shares, Cargo Handlers ended trading with a loss of $1.15 at $10.85, with 19,062 stock units, Caribbean Cream finished with a loss of 5 cents at $5.50, with 10,121 shares, Express Catering ended at $4.50, with 19,030 stock units, Eppley concluded trading with a loss of 50 cents at $11, with 388 units changing hands, Honey Bun settled with a loss of 70 cents at $4, with 12,500 shares. Iron Rock settled at $2.80, with 93,662 shares, Jamaican Teas traded with a loss of 20 cents at $4, with 101,260 units, Jetcon Corporation finished trading with a loss of 10 cents at $4.60, with 87,865 shares,
Key Insurance ended with a loss of 75 cents at $4, with 1,000 stock units, Knutsford Express closed with a loss of 50 cents at $13, with 1,929 shares. Lasco Distributors settled 62 cents higher at $5.69, with 1,200,172 shares, but traded during the morning session at a 52 weeks’ intraday low of $4.50 before recovering ahead of the close. Lasco Financial ended trading with a loss of 8 cents at $6.22, but traded as low as $5.25, and traded 189,907 stock units by the close. Lasco Manufacturing traded at $3.95, with 21,964 units. Main Event closed 39 cents higher at $6, with 418,028 shares, Paramount Trading concluded trading with a loss of 35 cents at $3.15, with 46,753 units, and Stationery and Office ended trading at $5.05, with 153,710 stock units.
Prices of securities trading for the day are those at which the last trade took place.
Jamaican stocks shed more blood – Friday
It was an all reds day in trading on the Jamaica Stock Exchange on Friday with all market indices falling. In the main market 23 securities changed hands, 8 advanced, 8 declined and 7 traded firm.
The JSE All Jamaican Composite Index dropped 2,030.31 points to 309,636.69 and is now just above support level on the technical channel that it broke through in October as the market retest support. The JSE Index dived 1,849.84 points to 282,114.05.
Trading ended with 10,390,820 units valued at $339,090,865 compared to 3,984,045 units valued at $54,400,232 on Thursday with an average of 451,775 units for an average of $14,743,081, in contrast to 189,716 units for an average of $2,590,487 on Thursday. The average volume and value for the month to date, amounts to 333,369 units valued at $5,463,149 and previously 326,475 units valued at $4,922,799. In contrast, October closed with an average of 1,185,251 units valued at $16,528,582 for each security traded.
The US dollar market index fell 9.06 points to 168.15 as 2 securities traded lower with a volume of 26,719 units valued at US$29,135. Trading in both markets lead to a volume of 10,417,539 units valued at J$$342,761,884.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 with lower offers.
In the US dollar market JMMB Group 6% US dollar preference share traded 25,841 units at $1.12, down from $1.121 previously and Proven Investments traded 878 ordinary shares at 22 US cents after slipping 2 cents.
The main movers for the day were, Caribbean Cement ended with a loss of $2.49, NCB Financial Group dropping $4.40 and Sagicor Group gaining $1.10. PanJam Investment traded 4,370,132 shares, Sagicor Group traded 3,011,732 units and Supreme Ventures settled with 1,109,526 shares.
Juniors down sharply with 9 losers
The Junior Market of the lost much grounds on Friday on a day when all the Jamaica Stock Exchange indices declined. The Junior Market Index declined 50.10 points to close at 2,994.40 and follows a 22 points fall on Thursday.
Trading on the ended with the prices of 9 securities declining, 3 rising, and 7 remained unchanged with 20 securities changing hands, resulting in an exchange of 1,089,369 units valued at $4,857,835 compared to 1,766,060 units valued at $7,828,514 on Thursday, from 22 securities.
Trading ended with an average of 54,468 units for an average of $242,892 in contrast to 80,275 units for an average of $355,842 on Thursday. The average volume and value for the month to date amounts to 112,183 units valued at $546,893 and previously 115,661 units valued at $565,207. 
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 3 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of 1 cent at $41, with 127 shares, Cargo Handlers ended trading 99 cents higher at $12, with 1,000 stock units, Caribbean Cream finished at $5.55, with 600 shares, Caribbean Producers traded with a loss of 30 cents at $4.20, with 50,447 units, Express Catering ended 10 cents higher at $4.50, with 31,819 stock units, General Accident finished at $2.70, with 31,827 shares. Honey Bun settled with a loss of 10 cents at $4.70, with 2,065 shares,
The chart now carries the dividends declared fro the last twelve months and the yields based on the last traded price of each stock.
Prices of securities trading for the day are those at which the last trade took place.
Highest valued Jamaican$ since mid-2016
The Jamaican dollar made its strongest gains against the US dollar in November in foreign exchange trading on Friday, with it taking 20 cents less to buy the US dollar than on Thursday.
On Friday, the rate of exchange to buy the US dollar by the public, dropped to $126.34 as dealers sold US$28.17 million of the US dollar, compared to US$25.95 million at an average rate of $126.54 on Thursday.
Friday’s rate is the lowest since July 20, 2016, when the average rate ended at $126.36. The currency also appreciated from J$128.27 at the end of 2016. US currency purchases amounted to US$35.34 million on Friday, at an average rate of $125.46, compared to Thursday, with US$23.03 million at $125.27.
The gain took place in a remarkable month for the local dollar, with the rate closing at the end of October at $127.29 and now seeming as it could break below the $126 mark by the end of November. The local currency came under pressure in early September, as Jamaicans secured funds to invest in new bonds government of Jamaica was issuing to retire older expensive debt. The payout of the retiring bonds left the market flooded with US dollars. Demand waned for the US dollar, leading to sell off since mid-September, after the US dollar peaked against the Jamaican dollar at J$131.31, with the rate retreating weekly since.
The fate of the currency is now in the hands of the central bank, as the country enters a period of heighten inflows and relatively less demand up to April. For November, the central bank selling to the market by way of auction was limited US$27 million with the last two weeks being $4 million each. The central bank indicates that market intelligence suggest no need to intervene on the sell side for the first two weeks in December.
Trading volumes in the market for this past week, fell to the lowest, for November, with US$223 million Inflows and outflows of US$217 million compared to inflows in the previous weeks of US$252 million to $271 million and outflows of US$240 million to US$281 million of all currencies.
Dealers’ purchased US$43.45 million, versus US$24.92 million on Thursday in all currencies in Jamaica’s forex market and sold US$34.28 million compared with US$26.96 million of all currencies sold, previously.
The selling rate for the Canadian dollar rose to J$99.50 from J$99.41 at the close on Thursday. The selling rate for the British Pound dropped to J$167.32 versus J$168.40 previously and the euro fell value against the Jamaican dollar, rising to J$148.92 to buy the European common currency, versus prior selling rate of J$151.68.
