Trading on the Main Market of the Jamaica Stock Exchange started well after the scheduled 9:30 opening, and only started at 1:15 in the afternoon after the stock exchange resolved problems with the trading platform and market activity ended at 3.29 on Monday.
Trading ended with 24 securities changing hands in the main market, the same number as on Friday and 4 trading in the US dollar market, resulting in 9 advancing, 10 declining and 5 traded firm at last traded prices. In the shortened trading session, 1,991,216 units valued at $25,521,206 changed hands, compared to 1,971,314 units valued at $32,172,855 on Friday.In the US dollar market trading accounted for 101,176 units valued at US$25,233 resulting in total trading in both markets to J$28,826,703.
At the close the All Jamaica Composite Index declined 859.78 points to close at 285,371.58, the JSE Market Index lost 783.36 points to 260,005.78 and the JSE US dollar market index inched 0.54 points higher to 187.05.
Trading ended with an average of 82,967 units for an average of $1,063,384 in contrast to 82,138 units for an average of $1,340,536 on Friday. The average volume and value for the month to date amounts to 284,296 units valued at $2,829,294, compared to 296,879 shares valued at an average of $2,933,171, previously. In contrast, August closed with average of 184,094 units with an average value of $4,336,090 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading ended with the market sentiments looking slightly positive for Tuesday’s activity as 10 stocks ended with bids higher than their last selling prices and 2 with lower offers.
570,000 Berger shares snapped up
Berger Paints traded 570,000 shares on Friday and closed at $12.
The JSE market indices rose on Friday as Scotia Group recovered some ground with 9 other stocks posting gains even as 11 fell in value.
At the close of market activity, Barita Investments closed with a loss of 15 cents at $8 with 323 units trading, Berger Paints added 75 cents to close at $12 with 572,833 shares changing hands, Cable and Wireless closed at $1.04, gaining 3 cents with 13,270 units, Caribbean Cement closed with a loss of 30 cents at $25.50 with 67,941 shares, Carreras gained 20 cents, and closed at $11 with 417,758 units, Grace Kennedy traded $1.45 lower, to $42.05 with 35,700 units. Jamaica Broilers advanced $1.25 to $17 exchanging 28,943 shares, Jamaica Producers declined by $1, closing at $15 with 6,650 units,
Jamaica Stock Exchange closed at $6.50 with 4,960 stock units, JMMB Group closed at $22, after falling $1 in trading 148,514 shares. Kingston Wharves with 100 units traded rose $1.23 to $30.73, Mayberry Investments lost 9 cents, closing at $4.60 with 31,800 shares, NCB Financial Group traded 70 cents lower to $87.80 with 90,395 shares, 1834 Investments lost 4 cents to close at $1.40 with 30,000 shares. PanJam Investment dropped $3.50 to $35.50 with 22,813 stock units, Pulse Investments closed at $1.71, gaining 6 cents with 126,500 shares, Radio Jamaica closed at $1.12 trading 72,310 shares, Sagicor Group gained 40 cents, and ended at $34.40 with 15,770 shares, Sagicor Real Estate Fund gained 39 cents, closing at $11 with 1,850 units, Scotia Group closed $2.90 higher at $49 while exchanging 58,409 shares, Scotia Investments fell $1.50, closing at $35.50 with 1,412 units, Seprod with gains of $1, ended at $34 with 1,000 units, Supreme Ventures closed at $11, having gained 15 cents with 50,150 shares changing hands. Productive Business Solution US ordinary shares closed at 65 US cents trading 1,920 units, Proven Investments US ordinary shares closed at 22 US cents, after losing 1.99 US cents in exchanging 241,067 units and JMMB Group 7.5% preference share closed traded at $1.19 with 171,913 units.
Berger pushed to $12 at close – Friday
Investors pushed the price of Berger Paints higher during trading, buying more than half a million units while Scotia Group shares were pushed back over $50, but closed below with a tidy gain at the end.
At the end of market activity on Friday,Jamaica Stock Exchange main market stocks eked out small gains in the market indices to close out a week that was recovering from the battering it got a week ago. At the close the All Jamaica Composite Index advanced 572.04 points to close at 286,231.36, the JSE Market Index gained 521.69 points to 260,789.14 and the JSE US dollar market index declined by 4.25 points to 187.05.
Trading levels remained low with just over $30 million being turned over, with 24 securities changing hands in the main market, with 3 trading in the US dollar market, leading to 9 stocks advancing and 10 declining. The main market ended with 1,971,314 units valued at $32,172,854 changing hands compared to 3,004,551 units valued at $33,829,615 at the close on Thursday. Trading in the US dollar market accounted for 242,987 units valued at US$56,879 bringing the total of all trades to J$39,567,173.
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 7 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 82,138 units for an average of $1,340,536 for each security traded compared to an average of 120,182 units valued at $1,353,185. The average volume and value for the month to date ended at $296,879 units with an average value of $2,933,171 compared with an average of 311,195 units with an average value of $3,032,711 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
JSE suffers set back in forward move
JMMB Group inching higher on limited supply of stocks.
Large fall in the prices of are Caribbean Cement, Carreras and Scotia Group push the market down appreciably on Thursday and strong gains in PanJam Investment and JMMB Group could only dent the fall.
At the close of market activity, Berger Paints gained of 25 cents and closed at $11.25 with 148,982 shares, Cable and Wireless closed at $1.01, having lost 9 cents with 117,235 shares changing hands, Caribbean Cement with a loss of $2.20 at $25.80 with 30,123 shares, Carreras traded $1.20 lower to $10.80 with 1,217,220 shares, Ciboney Group exchanged 367,400 shares at 16 cents, Grace Kennedy gained 49 cents to settle at $43.50 with 11,300 units. Jamaica Producers advanced $1, to $16 in exchanging 34,495 shares, Jamaica Stock Exchange closed with gains of 5 cents, at $6.50 with 1,379 units, JMMB Group ended at a 52 weeks’ closing high of $23, after adding $1, trading 16,843 shares. Kingston Wharves traded at $29.50 with the exchange of 1,740 units, Mayberry Investments lost 1 cent, closing at $4.69 with 298,018 shares, NCB Financial traded 49 cents lower to $88.50 with 35,806 shares, 138 Student Living exchanged 20,000 shares at $4.75, 
while 1834 Investments gained 4 cents to close at $1.44 with trades of 6,520 units. PanJam Investment jumped $3.50 to $39 with 61,275 shares, Pulse Investments gained 23 cents to close at $1.65, with 12,581 shares, Radio Jamaica added 1 cent, in closing at $1.12 trading 305,416 shares, Sagicor Group closed with a loss of 52 cents at $34 with 4,550 units, Sagicor Real Estate Fund declined 39 cents in closing at $10.61 with 10,000 shares, Salada Foods traded 3,316 units at $8, Scotia Group plunged $4.90 to $46.10, in exchanging 117,999 shares, Scotia Investments closed at $37 with 30,453 shares, Seprod ended with a loss of $1 at $33 with 500 units, Supreme Ventures exchanged 131,400 shares at $10.85. Margaritaville Turks US ordinary shares closed at 30 US cents trading 5,500 units, Proven Investments US ordinary shares traded 13,000 units at 24 US cents, JMMB Group US 6% preference share closed at US$1.12 with 7,280 units and Proven 8.25% cumulative redeemable preference share lost 5 cents to close at $5.25 with 20,000 units.
JSE main market falls – Thursday
Scotiabank dropped $4.90 and helped put a sharp dent in the indices on Thursday.
The main market of the Jamaica Stock Exchange indices suffering a big fall at the close on Thursday on limited volume. The All Jamaica Composite Index declined by 3,472.85 points to close at 285,659.32, the JSE Market Index fell 3,164.16 points to 260,267.95 and the JSE US dollar market index was down 0.45 points to 191.30.
Big players in the days loss are Caribbean Cement falling $2.20, Carreras down $1.20, Scotia Group with a fall of $4.90 while a big jump of $3.50 in PanJam Investment and $1 in JMMB Group, helped to alleviate the pain.
At the close of trading, 25 securities changed hands in the main market with 3 trading in the US dollar market, leading to 9 stocks advancing and 10 declining. The main market ended with 3,004,551 units valued at $33,829,615 changing hands compared to 1,826,710 units valued at $21,069,859 at the close on Wednesday. Trading in the US dollar market accounted for 25,780 units valued at US$12,873 bringing the total of all trades to J$35,516,032.
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 7 stocks with bids higher than their last selling prices and 1 with lower offers.
The main market ended trading with an average of 120,182 units for an average of $1,353,185 for each security traded compared to an average of 91,336 units valued at $1,053,493. The average volume and value for the month to date ended at $311,195 units with an average value of $3,032,711 compared with an average of 324,839 units with an average value of $3,144,679 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
JSE rise on modest trading – Wednesday
Carreras jumped to a record close of $12.
In modest trading on the Jamaica Stock Exchange on Wednesday, the prices of 10 stocks rose and 5 fell in the main and US dollar markets, leading to gains in the main market indices, the third consecutive day of increase.
Cigarette distributor, Carreras fresh from a 10 for 1 stock split, traded at a new 52 weeks’ high of $12 at the close while JMMB Group hit an intraday 52 weeks’ high of $23.70 before pulling back to $22 by the close as supply to sell is very limited and should pave the way for upward push in the price in the days or weeks ahead.
At the close of market activity, Berger Paints closed at $11, the last price the stock traded at, after hitting a high of $12.20 and ending with 129,140 shares changing hands. Cable and Wireless gained 5 cents to close at $1.10 with 111,500 units, Carreras closed at a record $12, after gaining 50 cents with 1,134,465 shares, Grace Kennedy advanced $1, settling at $43.01 with 4,332 units. Jamaica Broilers lost 29 cents and closed at $15.75, with 12,130 shares, Jamaica Producers lost 1 cent, closing at $15 in exchanging 18,700 stock units, Jamaica Stock Exchange rose 10 cents to $6.45 with 1,000 units, JMMB Group closed at $22, after gaining $1 and trading 20,959 shares. 
Kingston Wharves dropped $2.50 to close at $29.50 with 1,000 units having been exchanged, NCB Financial Group traded 99 cents lower to $88.99 with 34,831 shares. PanJam Investment remained at $35.50 with trades of 2,100 units, Pulse Investments closed at $1.42, gaining 2 cents with 183,000 shares, Radio Jamaica with gains of 6 cents, closed at $1.11, in trading 11,000 stock units, Sagicor Group added 2 cents, ending at $34.52 with 8,333 units changing hands, Salada Foods traded 88,783 shares at $8, Scotia Group closed at $51, exchanging 16,194 units, Seprod added $1 to close at $34 with 1,500 shares, Supreme Ventures closed 15 cents lower to $10.85 in exchanging 3,703 units. Productive Business Solution US ordinary shares closed at 65 US cents, trading 540 units, Proven Investments US ordinary shares traded 397 units at 23.99 US cents, JMMB Group 7.5% preference share closed at $1.19, gaining 4 cents with 26,540 stock units and Proven 8.25% cumulative preference share closed at $5.50 with 17,500 units.
Recovery continues on JSE – Wednesday
JMMB Group traded at an intraday 52 weeks’ high of $23.70.
Activity on the Jamaica Stock Exchange was tepid on Wednesday, with only $21 million of trade taking place. At the close of trading, 20 securities changed hands in the main market with 2 trading in the US dollar market.
Trading closed with the prices of 10 stocks advancing and 5 declining in the main and US dollar markets leading to the third consecutive days of increase after the main market plunged sharply on Friday. Carreras fresh from a 10 for 1 stock split, traded at a new 52 weeks’ high of $12 at the close, while JMMB Group hit an intraday 52 weeks’ high of $23.70, before pulling back to $22 by the close, as supply to sell is very limited and should pave the way for an upward push in the price, in the days or weeks ahead.
The All Jamaica Composite Index advanced 510.79 points to close at 289,132.17, to sit just below resistance at 290,000 points. The JSE Market Index gained 465.38 points to 263,432.11 and the JSE US dollar market index closed unchanged at 191.75.
The main market ended with 1,826,710 units valued at $21,069,859 changing hands compared to 5,755,768 units valued at $88,334,159 at the close on Tuesday. Trading in the US dollar market accounted for 937 units valued at US$446 bringing the total of all trades to only J$21,128,316.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading is slightly biased to the upside, suggesting that rising prices should have the upper hand over declining ones on Thursday, with 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 91,336 units for an average of $1,053,493 in contrast to 230,231 units for an average of $3,533,366. The average volume and value for the month to date ended at $324,839 units with an average value of $3,144,679 compared with an average of 342,801 units with an average value of $3,294,050 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
Berger investors rebuffing Ansa offer
Berger Paints traded at a high as $11.55 on Tuesday.
The main market of the Jamaica Stock Exchange closed trading with 25 securities changed hands, with declining stocks just edging out advancing ones, while 3 stocks traded in the US dollar market.
The market closed with 9 stocks advancing and 11 declining based on the price the trade took place.
Some noted trades include Berger Paints that continues to trade above the price on $10.88 offered by Ansa Coatings to acquire the minority holdings. Investors continue to rebuff the offer by buying the stock at the close at $11 with 153,142 shares changing hands, up to $11.55 and a low of $10.85. The stock closed with a bid to buy 103,462 units at $11 and just 2,935 units offered at $11.70 and few shares offered close to this range.
Some other trades of note are Jamaica Producers 4 million unit trade with the price dropping nearly $1 and a $3.75 jump in the price of Seprod.
At the close of market activity, Barita Investments traded at $8.15, having lost 85 cents with 4,900 units, Cable and Wireless lost 3 cents to close at $1.05 with 18,708 shares, Caribbean Cement traded $2 lower to $28 with only 240 units, Carreras closed at record high of $11.50, gaining 25 cents with 223,703 shares trading, Grace Kennedy fell 99 cents and settled at $42.01 with 11,117 shares. Jamaica Broilers closed at $16.04, losing 86 cents with just 200 units, Jamaica Producers dropped 99 cents to $15.01 exchanging 4,075,641 shares, Jamaica Stock Exchange ended with a loss of 65 cents at $6.35 with 5,000 units, JMMB Group closed at $21 trading 14,000 shares. Kingston Properties closed at $7 with 598,296 shares changing hands, 
Kingston Wharves exchanged 1,500 units at $32, Mayberry Investments gained 20 cents, closing at $4.70 with 11,020 shares, NCB Financial Group traded 98 cents higher to $89.98 with 42,825 shares, 1834 Investments rose 10 cents and closed at $1.40 with 3,480 units. PanJam Investment gained $1.43, closing at $35.50 with 103,000 shares, Pulse Investments closed at $1.40, losing 30 cents with 58,680 shares trading, after the company released audited accounts showing lower profit in 2017 than in 2016, due mainly to the treatment of taxation. Sagicor Group closed with gains of 50 cents at $34.50 trading 8,700 shares, Sagicor Real Estate Fund closed at $11, after gaining 38 cents with 2,747 units, Salada Foods fell 50 cents, trading at $8 with 9,000 shares, Scotia Group closed $1 higher to $51 exchanging 147,026 shares, Seprod advanced $3.75 to $33 with 16,309 shares, Supreme Ventures closed 10 cents lower to $11 exchanging 145,884 shares. Productive Business Solution US ordinary share closed at 65 US cents trading 48,360 units, Proven Investments US ordinary share traded 27,635 units at 24 US cents, JMMB Group US 6% preference share exchanged 8,617 units at US$1.12, Jamaica Money Market Brokers 7.25% preference share closed at $2.50 with 650 units and JMMB Group 7.5% preference share lost 4 cents, closing at $1.15 with 100,000 units.
More recovery for JSE – Tuesday
Seprod shares jumped $3.75 on Tuesday.
Trading picked up on the main market stocks of the Jamaica Stock Exchange on Tuesday over Monday’s low level and the market indices made strong gains, continuing the recovery from last week’s steep fall and adding to Monday’s gains.
At the close the All Jamaica Composite Index advanced 4,308.59 points to close at 288,621.38, the JSE Market Index gained 3,925.61 points to 262,966.73 while the JSE US dollar market index inched higher by just 0.47 points to 191.75.
At the close of trading, 25 securities changed hands in the main market with 3 trading in the US dollar market, leading to 9 stocks advancing and 11 declining. The main market ended with 5,755,768 units valued at $88,334,159 changing hands compared to 4,567,079 units valued at $32,966,262 at the close on Monday. Trading in the US dollar market accounted for 84,612 units valued at US$47,715 bringing the total of all trades to J$94,584,782.
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 a fairly strong at 8 stocks with bids higher than their last selling prices and none with a lower offer.
The main market ended trading with an average of 230,231 units for an average of $3,533,366 for each security traded compared to an average of 182,683 units valued at $1,318,651. The average volume and value for the month to date ended at $340,965 units with an average value of $3,892,714 compared with an average of 352,182 units with an average value of $3,275,641 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
At the close Carreras rose to a new 52 weeks’ high of $11.50 after the 10 to 1 stock took effect on the market on Monday and Seprod jumped $3.75 to $33 while Scotia Group closed at $51.
High price movements on Monday
NCBFG jumped $8.94 to $89 on Monday.
On a day of low trading activity 4 securities were dominant by movement in their prices on the main market of the Jamaica Stock Exchange as the market posted sizable gains in the indices.
Carreras rose 45 cents in closing at $11.25 with 205,850 shares after the 10 for 1 stock split, recently approved by shareholders. NCB Financial Group jumped $8.94 to $89 and Scotia Group recovered $4.95 of the loss on Friday to end at $50 and Caribbean Cement climbed $2.50 to $30.
At the close of market activity, Berger Paints slipped 50 cents to close at $11 with 60,411 shares, Cable and Wireless closed at $1.08, losing 2 cents with 146,795 stock units, Caribbean Cement advanced $2.50 to $30 with 2,000 units, Carreras rose 45 cents and closed at record high of $11.25 with 205,850 shares after the stock split, Ciboney Group lost 1 cent, trading 93,564 shares, closing at 16 cents, Grace Kennedy lost 50 cents and ended at $43 with 1,479 units. Jamaica Broilers gained 90 cents, closing at $16.90 with 42,927 shares, Jamaica Producers traded 205 units at $16, Jamaica Stock Exchange with gains of 65 cents, in closing at $7 with 1,370 units, JMMB Group closed at $21 exchanging 154,472 shares after trading as high as $23 in the morning session. Kingston Wharves ended with a loss of 40 cents at $32 with 3,142 units, Mayberry Investments gained 28 cents, in closing at $4.50 with 10,000 shares, NCB Financial Group traded $8.94 higher to $89 while exchanging 163,270 shares, 1834 Investments closed at $1.30 with 2,614,586 shares. 
PanJam Investment fell 43 cents, to close at $34.07 with 6,675 units, Pulse Investments closed at $1.70, losing 10 cents with 129,552 shares, Sagicor Group traded 29,148 stock units at $34, Sagicor Real Estate X Fund rose 2 cents, and closed at $10.62 with 3,000 units, Scotia Group closed $4.95 higher to $50 while exchanging 49,759 shares, Scotia Investments slipped 30 cents to $37 with 24,700 shares, Seprod exchanged 12,869 shares at $29.25 and Supreme Ventures closed 39 cents lower at $11.10 with 150,730 units. Productive Business Solution US ordinary shares closed at 65 US cents after gaining 5 cents trading 2,000 units, JMMB Group US 6% preference share traded 4,380 units at US$1.12, Jamaica Money Market Brokers 7.25% preference share closed at $2.50 with 13,600 units, Jamaica Money Market Brokers 7.5% preference share exchanged 645,775 units at $2 and Proven 8.25% cumulative redeemable preference share closed at $5.50 with 1,200 units.
