JSE majors make big gains again – Monday

July 3, 2017 by

Scotia Group accounted for 46 percent of the volume traded on Monday.

Big movement in a number of main market stocks of the Jamaica Stock Exchange drove the indices up sharply at the closed on Monday and adding to the big gains on Friday. The All Jamaica Composite Index jumped 1,871.36 points to close at 259,844.60, the JSE Market Index climbed 1,705.02 points to 236,747.86 and the JSE US dollar market index lost 0.51 points to close at 180.46.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 10 stocks advancing and 7 declining. Pulse Investments, fresh from a 6 for 1 stock split closed at a new 52 weeks’ high at the conclusion of trading. The main market ended with 2,897,944 units valued at $74,825,787.51 changing hands compared to 1,531,947 units valued at $26,473,230 at the close on Friday. Trading in the US dollar market accounted for 83,800 units valued at US$19,274.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 120,748 units valued at $3,117,741 for each security traded compared to an average of 66,606 units with an average value of $1,151,010 on Friday. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Barita Investments gained 50 cents to close at $7 trading 20,000 shares, Berger Paints traded $2.97 lower to close at $15 in exchanging 6,667 shares, Cable and Wireless lost 5 cents and closed at $1.11, with 43,470 stock units switching owners, Caribbean Cement closed at $28, with 21,600 shares traded. Carreras traded 8,560 shares at $89, Grace Kennedy closed at $40, but lost $1 trading 25,931 units, Jamaica Broilers gained 40 cents to close at $18, with 25,055 shares changing hands, Jamaica Producers lost $1 and closed at $15 with 39,402 units trading. Jamaica Stock Exchange closed at $7.05, gaining 5 cents and trading 21,349 shares, JMMB Group closed at $20, with gains of 3 cents while exchanging 22,733 units, Kingston Wharves gained 15 cents to close at $30, trading 23,419 shares, Mayberry Investments closed at $4.60, losing 50 cents with an exchange of 888 shares. NCB Financial Group closed at $70, after exchanging 107,711 shares, PanJam Investment closed at $34.89, with 36,102 shares changing hands, Portland JSX traded 1,002 units at $11, Pulse Investments closed at a new high of $3.75 after a 6 for 1 stock split, with 58,504 shares changing hands, Sagicor Group closed at $32.60, with a loss of 49 cents trading 19,778 shares, Sagicor Real Estate fund gained 10 cents to close at $12.10, with 8,519 shares changing owners. Scotia Group accounted for 46 percent of the volume traded in the market and the price jumped $2.70 to close at $45.70, with 1,337,205 shares having been traded, Seprod added $1.93 to close at $30 in exchanging 7,966 shares while Supreme Ventures closed at $7.78, with a rise of 33 cents with 12,351 shares changing hands. Proven Investments US ordinary shares closed at 23 US cents, with an exchange of 83,800 units, JMMB Group 7.5% preference share closed at $1.13, with 996,000 units exchanged, JMMB 7.5% preference share closed at $1.85, with 26,358 units traded and Proven 8.25% preference share lost 5 cents to close at a 52 weeks’ low of $5.10, with 27,294 units traded.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Is BOJ planning cut in interest rate?

July 3, 2017 by

Bank of Jamaica is dropping the 30 day repo rate as its policy rate effective July 1st. According to the central bank, “its policy rate will be the interest rate that it pays on overnight deposits held by deposit‐taking institutions at Bank of Jamaica currently 3.75 per cent per annum.”
The overnight rate when annualized, is sharply lower than the 30 days rate which currently sits at 4.75 percent per annum and could well be interpreted as an indication that BOJ is signaling that rates are due to fall. With low inflation currently being enjoyed, revaluation of the Jamaican dollar ahead of increased inflows in the next few months and a healthy Net International Reserves, the time seems almost perfect for the engineering of a cut in interest rates before too long.
The interest rate that BOJ pays on its 30 day certificates of deposit will no longer be designated as the policy rate. Bank of Jamaica will continues to offer 30 day certificates of deposit to primary dealers and deposit‐taking institutions, effective 28 July 2017, they will be issued in fixed volumes by competitive multiple‐price auctions.
According to the Central Bank they are making this change “in order to strengthen the relationship between the policy rate and market interest rates which, in turn, influence the spending and saving decisions made by businesses and consumers. By this means, the Bank is able to influence the rate of inflation in pursuit of the inflation target.
The move comes against the background of Treasury bill rates easing why open market one year rates have climbed to 8.82 percent in the most recent auction held on June 23, with 60 bids comprising $3.49 chasing after $3 million offered, rising from 6.06 percent on May 26 when there were 53 bids going after $2 million and rising to 7.07 percent on June 9 with 37 bids amounting to $2.07 chasing $3 million.
Treasury bills have seen 192 instrument ending mid-June at an average of 6.13 percent compared to 6.10 in May and 6.40 in April and the 91 days T-bill ending at 5.77 percent in June being slightly higher than the 5.65 percent in May.
Rates paid by the deposit taking institutions to the central bank on 14 day repo has fallen from a high of 7.68 percent on March 26, to just 5 percent on April 24 and now sits at 5.84 percent for the June 26 auction as three bidders applied for the funds available.

Filed Under: Economy, Feature Stories

GOJ chops $7.6b off deficit

July 1, 2017 by

Government of Jamaica fiscal deficit dropped by $7.6 billion below budget to end at just $4.2 billion for the first two months of the 2017-18 fiscal year. Unbudgeted inflows of $5.2 billion and reduced expenditure of $1.9 billion versus budget were mostly responsible for the improvement.
The primary surplus projected at $8.2 billion jumped to $15.5 billion with the help of the increased inflows and reduced expenditure.
Corporate taxes accounted for a shortfall of $228 million, PAYE for $568 million tax on interest $272 million, stamp duty $403 million and special consumption taxes on imports $1.1 billion. Categories that out performed are special consumption taxes on local goods $336 million, Education taxes $309 million, GCT on local goods and services $518 million, Custom Duty $348 million, Travel tax $510 million and GCT on imports $376 million.
The collection of PAYE for the two months is running at $8.9 million 30 percent lower than the $12.7 billion the government raked in before the increase in the tax threshold that became effective in July last year for the first tranche. On the other hand, Education tax this year of $4.3 billion, is running 13 percent ahead of the $3.8 billion collected for April and May last year.

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Juniors jump sharply – Friday

June 30, 2017 by

The Junior Market recovered lost ground on Friday as the market index jumped 57.14 points to end at 3,222.25. Volume traded suffered a 28 percent reduction and the value of stocks trading dropped 52 percent, compared to trading on Thursday.
The junior Market closed with 1,459,166 units valued at $7,939,041 traded compared with 2,034,224 units valued at $16,616,055 on Thursday.
Trading closed with 23 securities versus 18 on Thursday leading to 11 stocks rising and 9 declining and with 6 stocks having higher bids than their last traded prices and 2 closing with lower offers.
The Junior Market ended trading with an average of 63,442 units for an average value of $345,176 compared to of 113,012 units for an average value of $923,114 on the previous trading day. The average volume and value for the month to date amounts to 395,969 units valued at $1,799,200 compared with 411,804 units valued at $1,868.440, previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.05 with 15,000 units changing hands, Blue Power closed at $50 with 5,021 units changing hands, Caribbean Cream jumped 76 cents in trading 20,000 units to end at $8.01, Caribbean Flavours jumped by $1 in trading 100 units to end at $12, Caribbean Producers gained 20 cents in trading 118,077 shares to close at $3.50, Consolidated Bakeries fell 8 cents in trading 10,300 shares to close at $2.62, Derrimon Trading lost 45 cents and ended at $8.05 with 44,095 shares changing hands, Eppley closed with 6,548 units, changing hands at $12. General Accident rose 65 cents and closed trading with 6,000 shares at $3.35, Honey Bun lost 44 cents in trading 5,300 shares changing hands and closed at $5.60, ISP Finance lost $2 and ended at $18 with 17,019 units changing hands. Jamaican Teas traded 19,000 shares, losing 20 cents to end at $4.20, Jetcon Corporation climbed 58 cents and ended at $5.49 with 947,393 shares trading, Knutsford Express traded 10,400 shares but lost 25 cents to end at $15.70. Lasco Distributors ended at $7 after rising 10 cents trading 1,000 units, Lasco Financial gained 15 cents with 100 shares changing hands, to end at $3.75, Lasco Manufacturing added 35 cents and ended with 8,100 shares trading to close at $5, Main Event dropped 62 cents and ended trading 24,937 shares at $5.25, Paramount Trading added 7 cents and ended at $3.02 with 32,000 units trading, Sweet River fell 5 cents and ended with 5,006 units changing hands at $3.50, tTech ended with 5,770 units changing hands and fell 20 cents to close at $7.80 and< strong> Derrimon Trading preference share rose 30 cents to end at $2.50 with 150,000 shares changing hands.

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

Now J$1.52 cheaper for a US$ than May

June 30, 2017 by

The Jamaican dollar closed May at a selling rate of J$130.144 for one US dollar and ended June at J$128.62, $1.52 improvement in June. The closing rate is lowest for the month as the local foreign exchange market generated US$51 million more inflows than the amounts sold to the public.
Net total foreign exchange inflows into the system in June ended at US$59 million but US$70 million excluding the first two days which were the last two days of the first week of the month.
On Friday authorised and cambio dealers bought US$5 million more than they sold of all currencies and just US$3 million. A total of US$48 million of all currencies was bought and US$43 was sold while in US dollars trading US$35 million was bought and US$32 million was sold. For the week, total Inflows amounted to US$263 million, the most for any week in June, with the prior week being the next highest, with US$217 million.
Inflows of United States dollars reached US$36.58 million and selling $46.69 million on Friday. Overall foreign exchange of all currencies entering the market totaled the equivalent of US$45.3 million with US$53.2 million sold.
The selling rate for the Canadian dollar rose to J$99.39 compared to J$99.07 at the close on Thursday while the British Pound cost slightly more at the close on Thursday with J$166.58 buying the British currency versus J$165.40 on Thursday and the Jamaican dollar lost value against the euro, with it taking J$147.94 to buy the European common currency on Friday versus Thursday’s J$146.66.
July is one of the best months for inflows of foreign exchange, and that should result in the local currency recording further gains, with the surplus for the month likely to be higher than for June.

Filed Under: Feature Stories, FX Market Tagged With: , , , , , , ,

Stocks end Friday with big gains

June 30, 2017 by

Trading in the main market of the Jamaica Stock Exchange closed on Friday with a big jump in the indices as the number of stocks rising climbed to 15 with just 7 declining out of a total of 26 securities trading in the US dollar and main markets. A number of stocks recorded big price movements by the close.
At the close, the All Jamaica Composite Index advanced 1,704.13 points to 257,973.24, the JSE Market Index gained 1,552.66 points to 235,042.84 and the JSE US dollar market index fell 6.29 points to close at 180.97. Trading in the main market ended with 1,531,947 units valued at $26,473,230 changing hands compared to 797,671 units valued at $13,179,281 at the close on Thursday. The US dollar market, closed with 3 securities trading and accounted for 117,720 units valued at US$56,637.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 66,606 units valued at $1,151,010 for every security traded compared to an average of 37,984 units valued at $627,585 on Wednesday. The average volume and value for the month to date ended at 218,951 units with an average value of $3,871,959 compared with an average of 226,206 units with an average value of $4,001,529 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints jumped $2.97 to close at $17.97 trading 3,109 shares, Cable and Wireless closed at $1.16, with 37,558 stock units changing hands, Caribbean Cement climbed $2.50 higher to close at $28 in the exchange of 24,200 shares, Carreras advanced $2.40 to close at $89, with 5,200 units trading, Grace Kennedy closed at $41, losing 50 cents with an exchange of 33,303 units, Jamaica Producers gained 5 cents to close at $16, with 14,263 units crossing the exchange platform. Jamaica Stock Exchange closed at $7 and gained 10 cents trading 319,683 shares, JMMB Group closed at $19.97, after surging $1.47 while exchanging 274,716 units, Kingston Properties traded 182 units at $9.95, Kingston Wharves gained 95 cents to close at $29.85, trading of 101,472 shares, Mayberry Investments closed at $5.10, with a rise of 55 cents, exchanging 53,120 shares. NCB Financial Group closed at $70, with a loss of $1 after exchanging 45,412 shares, 138 Student Living closed at $4.50 trading 19,823 shares, PanJam Investment closed at $34.89, with trades of 17,800 shares. Pulse Investments lost 49 cents to close at $17.50 exchanging 69,754 shares, Radio Jamaica gained 10 cents to close at $1.60, with 7,769 units changing hands, Sagicor Group closed at $33.09, with a loss of 1 cent exchanging 49,302 shares, Sagicor Real Estate Fund traded $1 higher to close at $12, with 29,966 shares changing owners, Scotia Group closed at $43, gaining 49 cents trading 61,260 shares, Scotia Investments closed at $38, with gains of $1.42 exchanging 30,000 units. Seprod added 7 cents to close at $28.07, with trades of 1,149 shares while Supreme Ventures closed at $7.45, with a rise of 15 cents with 70,200 shares changing hands. Proven Investments US ordinary shares closed at 24 US cents, with an exchange of 20,364 units, after rising by a fraction of a cent, Margaritaville Turks US ordinary shares lost 0.02 US cents to close at 32 US cents, trading 73,174 units, JMMB Group US 6% preference share traded 0.03 US cents lower, closing at US$1.10 with 24,182 units exchanged and Proven 8.25% preference share lost 2 cents to close at $5.15, with 262,706 units traded.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican dollar strengthens

June 29, 2017 by

Authorised and cambio dealers sold US$10 million more than they bought on Thursday, an amount similar to the amount the central bank sold in their first monthly auction of US dollars trading, on Wednesday.
The increased take by the public did not have an adverse effect on the rate for trading the United States currency.
The Jamaican dollar that is set to close out June with a higher value than at the start of the month, gained more ground versus the United States dollar at the close on Thursday. The selling rate for the US dollar dipped to J$128.73 to US$1 as US dollar, down from J$128.81 on Wednesday. The buying rate for the US dollar fell to JS$127.95 from $128.16 at the end of trading on Wednesday.
Inflows of United States dollars reached US$36.58 million and selling $46.69 million. Overall foreign exchange of all currencies entering the market totaled the equivalent of US$45.3 million with US$53.2 million sold.
The selling rate for the Canadian dollar rose to J$99.07 compared to J$98.14 at the close on Wednesday while the British Pound cost slightly more at the close on Thursday with J$165.40 buying the British currency versus J$165.10 on Wednesday and the Jamaican dollar gained value against the euro, with it taking J$146.66 to buy the European common currency on Thursday versus Wednesday’s J$147.25.
Inflows in June is set to exceed out flows by a good level. With July being one of the best months for inflows of foreign exchange, the value of the local currency should see further gains in the days ahead, with the surplus for the month being higher than for June.

Filed Under: Feature Stories, FX Market Tagged With: , , , , , , , ,

Juniors fall volume up 111% – Thursday

June 29, 2017 by

The Junior Market lost more grounds on Thursday with the market index losing 31.72 points to end at 3,165.11 with increased in volume by 111 percent to 2,034,224 units valued at $16,616,055 traded compared with 964,141 units valued at $9,136,161 on Wednesday.
Trading closed with 18 securities versus 20 on Wednesday leading to 3 stocks rising and 6 declining and with 2 stocks having higher bids than their last traded prices and 3 closing with lower offers.
The Junior Market ended trading with an average of 113,012 units for an average value of $923,114 compared to of 48,207 units for an average value of $456,808 on the previous trading day. The average volume and value for the month to date amounts to 411,804 units valued at $1,868.440 compared with 426,743 units valued at $1,915,706, previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: CAC 2000 closed at $8 with a mere 100 shares trading, Cargo Handlers traded 2,993 shares to end at $15.99, Caribbean Cream shed 25 cents in trading 62,000 units to end at $7.25, Caribbean Flavours traded 3,125 units to end at $11, Caribbean Producers gained 9 cents in trading 506,000 shares to close at $3.30, Consolidated Bakeries rose 9 cents in trading 1,400 shares to close at $2.70, Derrimon Trading ended at $8.50 with 2,847 shares changing hands, Eppley closed with 1,003,450 units changing hands at $12. General Accident closed trading with 9,745 shares at $2.70, Honey Bun traded 239 shares changing hands and closed at $6.04, ISP Finance lost $4 and ended at $20 with 200 units changing hands. Jamaican Teas traded 61,800 shares and lost 5 cents to end at $4.40, Jetcon Corporation dropped 59 cents and ended at $4.91 with 24,708 shares trading, KLE Group lost 5 cents and ended at $2.10 with 2,828 shares changing hands, Knutsford Express traded 7,150 shares to end at $15.9. Lasco Distributors ended at $6.90, trading 17,793 units, Lasco Financial lost 20 cents with 47,524 shares changing hands, to end at $3.60, Lasco Manufacturing added 5 cents and ended with 239,900 shares trading to close at $4.65, Main Event ended trading 47,673 shares at $5.87, Medical Disposables ended at $5.50 with 215 units trading and tTech ended with 8,119 units changing hands at $8.

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

JSE majors drop 3,000 pts in 2 days

June 29, 2017 by

The Jamaica Stock Exchange closed on Thursday with the All Jamaica Composite Index shedding more than 3,000 points in two days and the JSE Market Index losing over 2,800 points over the same period as declining stocks dominated those rising, with one stock ending at an all-time high.
The All Jamaica Composite Index dropped 2,038.00 points to close at 256,269.11, the JSE Market Index declined 1,856.85 points to 233,490.18 and the JSE US dollar market index gained 4.14 points to close at 187.26.
At the close of trading, 21 securities changed hands in the main market with 2 trading in the US dollar market, leading to 7 stocks advancing and 11 declining. Trading in the main market ended with 797,671 units valued at $13,179,281 changing hands compared to 1,699,314 units valued at $60,267,634 at the close on Wednesday. Trading in the US dollar market accounted for 211,725 units valued at US$49,744.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and none closing lower offers.
The main market ended trading with an average of 37,984 units valued at $627,585 for every security traded compared to an average of 77,242 units valued at $2,739,438 on Wednesday. The average volume and value for the month to date ended at 226,206 units with an average value of $4,001,529 compared with an average of 235,617 units with an average value of $4,170,226 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $15, after gaining 70 cents and trading 23,799 shares, Cable and Wireless closed at $1.16, with gains of 3 cents and 8,742 stock units changing ownership, Caribbean Cement traded $2.50 lower to close at $25.50 exchanging 14,000 shares,Carreras lost 20 cents to close at $86.60, with 12,614 units trading, Grace Kennedy gained $1.40 and closed at $41.50, with an exchange of 8,480 units, Jamaica Producers lost 5 cents to close at $15.95, with 2,674 units changing hands. Jamaica Stock Exchange closed at $6.90, after losing 9 cents and trading 11,700 shares, JMMB Group closed at $18.50, with 58,295 units changing owners, Kingston Properties traded 4,500 units at $9.95, Mayberry Investments closed at $4.55, after losing 20 cents with an exchange of 4,200 shares. NCB Financial Group closed at $71, gaining 1 cent after exchanging 54,489 shares, 1834 Investments closed 15 cents lower at $1.35 trading 33,400 shares, Palace Amusement gained $2, closing at an all-time high of $500, with an exchange of 586 shares, PanJam Investment closed at $34.89, gaining 2 cents with trades of 7,552 shares. Radio Jamaica lost 10 cents to close at $1.50 trading 40,900 units, Sagicor Group closed at $33.10, with a loss of 10 cents exchanging 32,601 shares, Sagicor Real Estate fund traded 50 cents lower to close at $11, with 5,380 shares changing hands, Scotia Group closed at $42.51, losing 1 cent in exchanging 18,762 shares, Scotia Investments closed at $36.58 trading 400 units while Supreme Ventures closed at $7.30, losing 15 cents with 450,810 shares changing owners. Proven Investments US ordinary shares closed at 23.99 US cents, gaining 0.01 US cent, with 203,725 units changing hands, Sterling Investments US ordinary shares traded 8,000 units at 0.11 US cents and JMMB Group 7.5% preference share closed at $1.13 exchanging 3,787 units.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

JSE indices drop Wednesday

June 28, 2017 by

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with the number of stocks rising and falling being almost even. Trading volumes declined while the values increased compared to the prior day but the market indices closed lower.
The All Jamaica Composite Index fell 1,045.65 points to close at 258,307.11, the JSE Market Index declined 952.70 points to 235,347.03 and the JSE US dollar market index gained 1.72 points to close at 183.12.
At the close of trading, 22 securities changed hands in the main market, with 1 trading in the US dollar market, leading to 7 stocks advancing and 8 declining. Trading in the main market ended with 1,699,314 units valued at $60,267,634 changing hands compared to 2,115,285 units valued at $50,230,238 at the close on Tuesday. Trading in the US dollar market accounted for 5,145 units valued at US$1,201.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 77,242 units valued at a mere $2,739,438 for every security traded compared to an average of 88,137 units valued at $2,092,927 on Tuesday. The average volume and value for the month to date ended at 235,617 units valued at $4,170,226 compared with an average of 243,952 units with an average value of $4,245,530 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments closed at $6.50, with a loss of 50 cents exchanging 122,700 shares, Berger Paints closed at $14.30, after gaining $1.30 trading 3,468 shares, Carreras gained 30 cents to close at $86.80, with 10,436 units trading, Grace Kennedy dropped $1.90 to close at $40.10, with an exchange of 468,413 units, Jamaica Broilers closed at $17.60, with a loss of 40 cents trading 11,000 shares, Jamaica Producers exchanged 4,742 units at $16. Jamaica Stock Exchange closed at $6.99 trading 47,474 shares, JMMB Group closed at $18.50, with 32,333 units changing owners, Kingston Properties traded 5,000 units at $9.95, Kingston Wharves closed at $28.90, with trades of 1,370 shares. Mayberry Investments closed at $4.75, gaining 20 cents with an exchange of 52,105 shares, NCB Financial Group closed at $70.99, with a loss of 41 cents after exchanging 56,856 shares, 1834 Investments gained 5 cents to close at $1.50 trading 17,269 shares, PanJam Investment lost 2 cents to close at $34.87, with trades of 14,326 shares. Portland JSX advanced $2 to close at $11, with 62,072 shares changing hands, Pulse Investments closed at $17.99, with an exchange of 4,584 shares, Radio Jamaica gained 10 cents to close at $1.60 trading 17,627 units, Sagicor Group closed at $33.20, with a loss of $1.33, trading 3,921 shares, Sagicor Real Estate Fund gained 50 cents to close at $11.50, with 3,450 shares changing hands. Scotia Group traded $2.98 lower to close at $42.52 exchanging 734,967 shares, Scotia Investments closed at $36.58 trading 10,100 units while Supreme Ventures closed at $7.45, losing 20 cents with 15,101 shares changing owners. Proven Investments US ordinary shares closed at 23 US cents, with 5,145 units changing hands.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,