The Jamaica Stock Exchange pulled back from Thursday’s close in a moderate trading on Friday morning, resulting in sharp fall from Thursday’s intraday high for the main market and the junior market’s record close.
Market activity resulted in 26 securities traded at 10:45 am, 
compared to 29 on Thursday at 10:45 am. A total of 14 securities advanced and 6 declined, resulting in a volume of 984,204 shares changing hands, carrying a value of $4,620,010, compared of 1,153,658 shares changing hands, carrying a value of $6,116,182 on Thursday. The average number of shares traded, amount to 37,854 units versus 39,781 units on Thursday.
Noted trades were junior market listed Jetcon Corporation with 128,319 units at $6.06, Lasco Financial gaining 15 cents to $3.65 with 3,962 units trading and Blue Power trading at a new high of $31 with 10,979 shares and Proven Investments traded 577,533 units at 22.99 US cents.
The all Jamaica Composite Index lost 493.48 points to 209,908.28, the Jamaica Stock Exchange Market Index fell 441.26 points 192,069.90 the Jamaica Stock Exchange combined index declined 501.40 points to 204,934.14 and the junior market index eased 8.97 points to 2,609.84.
Jamaican stocks pull back on Friday
JSE pushes higher to new record – Thursday
The Jamaica Stock Exchange was pushed to yet another morning of new high, with the all Jamaica Composite Index breaking the 213,000 points level for the first time after 20 minutes of trading to 213,061.86 points. Scotia Group traded 9,145 at a new high of $39, up 70 cents for the day contributing to the increase in the market. The junior market also moved higher from Wednesday’s close.
Market activity resulted in 29 securities trading at 10:45 am, compared to 31 on Wednesday. A total of 10 securities advanced and 7 declined, resulting in a volume of 1,153,658 shares changing hands, carrying a value of $6,116,182, compared of 2,248,154 shares changing hands, carrying a value of $19,672,487 on Wednesday. The average number of shares traded, amount to 39,781 units versus 72,521 units on Wednesday.
Radio Jamaica with 337,200 shares trading at $1.30 was the leading trade, followed by JMMB Group 7.50% preference share with 300,000 units at $1.08, Cable & Wireless with 164,574 units at 82 cents and junior market listed Jetcon Corporation with 80,840 units at $6.
The all Jamaica Composite Index rose 535.16 points to a record 212,951.66, the Jamaica Stock Exchange Market Index climbed 478.53 points to an all-time high of 194,791.22, the Jamaica Stock Exchange combined index jumped 596.78 points to a record high of 207,360.08 and the junior market index climbed 14.89 points to 2,600.35.
AJI hits new high on Wednesday
The Jamaica Stock Exchange all Jamaica Composite Index climbed higher in early trading on Wednesday to beat yesterday’s record close as advancing stocks exceeded declining ones with Barita Investments, trading at a new high of $6.50 and Lasco Financial trading 1,379,710 shares at $3.55.
Market activity resulted in 31 securities traded at 10:45am, compared to 25 on Tuesday at 10:45 am. A total of 14 securities advanced and 9 declined, resulting in a volume of 2,248,154 shares changing hands, carrying a value of $19,672,487, compared 2,173,726 shares changing hands, carrying a value of $28,865,298 on Tuesday. The average number of shares traded, amount to 72,521 units versus 86,949 units on Tuesday.
The all Jamaica Composite Index rose 59.68 points to a record 212,271.58, the Jamaica Stock Exchange Market Index climbed 53.36 points to an all-time high of 194,183.11, the Jamaica Stock Exchange combined index jumped 122.79 points to a record high of 206,674.94 and the junior market index creep 7.14 to 2,588.56.
AJI starts 2017 with new record – Tuesday
The Jamaica Stock Exchange all Jamaica Composite Index jumped more than 1,900 points in early trading on Tuesday to break the 212,000 points level while the junior market slipped slightly..
Market activity resulted in 25 securities traded at 10:45 am, compared to 29 on Friday at 10:45 am. A total of 16 securities advanced and 5 declined, resulting in a volume of 2,173,726 shares changing hands, carrying a value of $ 28,865,298, compared 5,851,240 shares changing hands, carrying a value of $22,997,020 on Friday. The average number of shares traded, amount to 86,949 units versus 201,767 units on Friday.
The all Jamaica Composite Index surged 1,907.42 points to a record 212,046.91, the Jamaica Stock Exchange Market Index climbed 1,705.57 points to an all-time high of 193,982.21, the Jamaica Stock Exchange combined index jumped 1,495.61 points to a record high of 206,455.71 and the junior market index fell 8.36 to 2,585.35.
Cargo Handlers top Jamaican stock with 393% gain
Bulls pushing Jamaican stock to new highs.
Cargo Handlers surged with a gain of 393 percent in 2016 to be the top performing stock on the Jamaica Stock Exchange, ending the year at $18.50 after a 10 for 1 stock split earlier in the year. The stock which trades at a PE of 30 times IC Insider’s 2017 estimated earnings, is also one of the most highly priced on the market. Last year the company posted profits that rose from 25 cents per share in 2015 to 42 cents in 2016.
Honey Bun roared along with gains of 325% to close the year at $5.85 after hitting a high of $7.50 in response to a 5 for 1 stock split and rise in profits of 104.7 percent for 2016.
The 2016 listed ISP Finance, jumped 250 percent to close the year at $8.50 on the expectation of strong future profit growth. This is one of the few stocks that grew sharply without the benefit of a stock split.
AMG Packaging climbed to be fourth best performer, benefiting from expectation of profit to flow from their new tissue operation and latterly by an announcement of a 5 for 1 stock split. Interestingly, while AMG last price was $24.51, the bid has been at $26.50 for several days, an indication that it will trade above the last traded price for 2016. Paramount Trading gained a more moderate 233%, helped by its expansion of it lubricant manufacturing in a joint venture arrangement and a 10 for 1
Paramount
Jetcon Corporation that listed in March at $2.25 per share, jumped 167 percent by the end of the year to $6, propelled by a near doubling in profit over 2015.
Blue Power gained 129% to sit at 7 position then Palace Amusement ended with a gain of 122, tTech that listed in January 2016 ended at tenth spot with gains of 112% just edging out Margaritaville Turks with 111 percent at number 11. Knutsford Express with gains 108% was the only other stock in the overall market to rise by more than 100%.
Data by the Investor’s Choice going back several years to 1980, indicates that on average only 22 percent of stocks in the top 10 repeat in the subsequent year. AMG was the sole stock that was in the top 10 in 2015 to repeat in 2016. These are sobering data investors would do well to ponder.
Juniors break 2,600 & majors 209,000 – Friday
The Jamaica Stock Exchange all Jamaica Composite Index jumped more than 2,800 points in early trading on Friday to sit less than 800 points from the 210,000 points level while the junior market rose above Thursday’s record close to break the 2,600 mark.
Market activity resulted in 29 securities traded at 10:45 am, compared to 28 on Thursday at 10:45 am. A total of 16 securities advanced and 5 declined, resulting in a volume of 5,851,240 shares changing hands, carrying a value of $22,997,020, compared just 463,915 shares changing hands, carrying a value of $3,009,378 on Thursday. The average number of shares traded, amount to 201,767 units versus 16,568 units on Thursday.
The leading trades include Cable & Wireless has so far traded 4,063,060 units between 70 and 80 cents but last traded at 75 cents. Grace Kennedy 231,964 shares at $41.87, Jamaica Producers 453,416 at $9.20, Supreme Ventures 207,836 units at $5.30, Blue Power traded a 52 weeks’ high of $30 with 10,000 units changing hands, Iron Rock Insurance traded 563,234 units at $4, CAC 2000 gained 60 cents to $5.10 while 77,173 shares were traded following release of the company’s audited accounts showing the cost of the settlement of the lawsuit being in the region of $124 million.
The all Jamaica Composite Index surged 2,831.08 points to a record 209,210.05, the Jamaica Stock Exchange Market Index jumped 2,531.49 points to an all-time high of 191,445.56, the Jamaica Stock Exchange combined index 2,445.50 points to a record high of 204,299.10 and the junior market index rose 9.53 to 2,604.38.
AJI just 840 points from 210,000 – Thursday
The Jamaica Stock Exchange all Jamaica Composite Index jumped nearly 2,500 points in early trading on Thursday to sit less than 840 points from the 210,000 points level while the junior market rose above Wednesday’s record close as the market enjoy a strong finish to 2016.
Market activity resulted in 28 securities traded at 10:45 am, compared to 26 on Wednesday at 10:45 am. A total of 10 securities advanced and 6 declined, resulting in a volume of just 463,915 shares changing hands, carrying a value of $3,009,378, compared 721,003 shares changing hands, carrying a value of $1,962,803 on Wednesday. The average number of shares traded, amount to 16,568 units versus 27,731 units on Wednesday. The leading trades include Lasco Manufacturing with 200,000 units changing hands at $5 and Cable & Wireless has so far traded 150,000 units at 71 cents.
The all Jamaica Composite Index surged 2,311.10 points to a record 209,062.06, the Jamaica Stock Exchange Market Index jumped 2,066.54 points to an all-time high of 191,313.23, the Jamaica Stock Exchange combined index 1,983.88 points to a record high of 203,927.04 and the junior market index rose 6.57 to 2,580.12.
AJI jumps 5,396 points to record 207,585 – Wednesday
Pan Jam Investment jumped $2.50 to a new high of $29.50 in trading on the Jamaica Stock Exchange, on Wednesday, after the market opened having been closed for the holidays and helped the main market indices to surge by 4,047 points 
on the all Jamaica Composite index at 10:45.
At 11:40 the strong> all Jamaica Composite Index surged by 5,395.82 points to 207,585.48, the Jamaica Stock Exchange Market Index jumped 4,824.83 points to an all-time high of 189,992.90, the Jamaica Stock Exchange combined index 4,426.36 points to a record high of 202,377.86 and the junior market index fell 4.65 to 2,548.52.
Market activity resulted in 26 securities traded at 10:45 am, compared to 20 on Friday at 10:45 am. A total of 9 securities advanced and 4 declined, resulting in a volume of 721,003 shares changing hands, carrying a value of $1,962,803, compared 272,207 shares changing hands, carrying a value of $4,538,567 on Friday. The average number of shares traded, amount to 27,731 units versus 13,610 units on Friday.
At 10:45, the all Jamaica Composite Index surged 4,047.12 points to a record 206,236.78, the Jamaica Stock Exchange Market Index jumped 3,618.86 points to an all-time high of 188,841.46, the Jamaica Stock Exchange combined index 3,321.81 points to a record high of 201,273.31 and the junior market index fell 3.31 to 2,549.86.
Investors push Derrimon stocks up sharply – Friday
The Jamaica Stock Exchange, is seeing sparse trading, ahead of the Christmas holidays Thursday’s well below levels, leading to falls in the market indices in the morning session on Friday.
Investors pushed Derrimon Trading by 80 cents to $4.80 with 87,710 following the company’s report on Thursday that it will be making prepayment for 23,379,208 stock units in Caribbean Flavours. When purchased, Derimon would become the parent company having had just under 50 percent of the shares currently. This would require an offer being made to minority shareholders.
Market activity was moderate, resulting in only 20 securities trading at 10:45 am, compared to 15 on Thursday. A total of 9 securities advanced and 5 declined, resulting in a volume of 272,207 shares changing hands, carrying a value of $4,538,567, compared 904,871 shares changing hands, carrying a value of $7,114,541 on Thursday. The average number of shares traded, amount to 13,610 units versus 60,325 units on Thursday.
The all Jamaica Composite Index slipped 728.63 points to 202,396.49, the Jamaica Stock Exchange Market Index shed 651.53 points to 185,353.01, the Jamaica Stock Exchange combined index lost 556.28 points to be at 197,746.15 and the junior market index rose 4.66 to 2,516.51.
Mild losses for Jamaican stocks – Thursday
The Jamaica Stock Exchange, suffered mild losses in the market indices in the morning session on Thursday. The important all Jamaica Composite Index sits just under 203,000 points compared to 204,535 in early trading on Wednesday.
Trading of note includes Supreme Ventures with 500,000 shares at $4.90, Lasco Financial Services with 208,325 units at $3.10 and Cargo Handlers traded at intraday high of $18.50 before falling back to $16 with 46,199 shares changing hands.
Market activity was moderate, resulting in only 15 securities traded at 10:45 am, compared to 22 on Wednesday at 10:45 am. A total of 3 securities advanced and 5 declined, resulting in a volume of 904,871 shares changing hands, carrying a value of $7,114,541, compared 488,203 shares changing hands carrying a value of $11,897,071 on Wednesday. The average number of shares traded, amount to 60,325 units versus 22,191 units on Wednesday.
The all Jamaica Composite Index slipped 81.33 points to 202,896.57, the Jamaica Stock Exchange Market Index shed 72.73 points to 185,800.17, the Jamaica Stock Exchange combined index lost 80.79 points to be at 198,279.00 and the junior market index pulled back 1.30 to 2,528.00.