Jamaica Stock Exchange traded nearly 37 million shares one day after the Stock Exchange advised Sagicor Group that their holdings exceeded the limit of 10 percent stipulated in the company’s bye laws. The group bought nearly 36 million units in early March.
The main market of the Stock Exchange closed on Thursday with 23 securities changing hands with 1 trading in the US dollar market as 4 stocks advanced and 10 declined.
Trading levels ended at 38,096,270 units valued at $284,292,036 in main market compared to 2,976,903 units valued at $45,537,771 at the close on Wednesday. Trading in the US dollar market accounted for 4,000 units valued at US$1,200.
The All Jamaica Composite Index declined 885.03 points to close at 244,570.7 the JSE Market Index fell 806.36 points to finish at 222,831.63 and the JSE US dollar market index lost 1.28 points to close at 216.59.
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 4 with lower offers.
The main market ended trading with an average of 1,670,779 units with an average value of $12,367,217 units compared to an average of 80,942 units with an average value of $2,131,320 on Wednesday. The average volume for the month to date ended at 889,829 units versus 108,879 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Barita Investments gained 10 cents to close at $7, with 890 shares changing hands, Cable and Wireless lost 1 cent to close at $1.27 with trades of 274,050 shares, Caribbean Cement closed $1 lower to $31 with 22,000 units changing ownership. Carreras traded 7,298 shares with gains of $2 to close at $74, Grace Kennedy closed at $43, with 38,740 units changing hands, Jamaica Broilers traded 15,198 shares at $15.90, Jamaica Producers closed 90 cents lower to $15.10 with trades of 18,200, Jamaica Stock Exchange lost 5 cents to close at $7.95 trading 35,965,186 units. JMMB Group closed at $16.49, losing 41 cents with 106,912 units traded, Kingston Properties traded 5,300 units at $16.35, Kingston Wharves gained $2.60 to close at $32, with just 200 units changing hands, 
NCB Financial Group slid 90 cents to close at $61, after exchanging 12,137 shares, 138 Student Living traded 60,146 shares at $4.50, Pan Jamaican gained 2 cents, closing at $34.52 while trading 5,240 shares. Pulse Investments traded 1,150 shares at $8.40, Sagicor Group closed at $34.01 with trades of 118,881 shares, Sagicor Real Estate Fund lost 5 cents, closing at $10.50 with 13,000 shares, Salada Foods closed at $9 trading 23,000 units, Scotia Group closed 77 cents lower to $37.98 with trades of 47,148 units, Scotia Investments traded at $39.50 with a mere 194 units changing hands, Seprod exchanged 7,245 shares at $38, Supreme Ventures lost 1 cent to close at $5.99 trading 27,155 shares. Proven fell 0.95 cent and closed at 30 US cents, with an exchange of 4,000 ordinary shares and JMMB Group 7.5% preference share closed at $1.08 with trades of 1,327,000 units.
Sagicor caught in JSE ownership restriction
Sagicor Group JSE ownership exceeded 10% restriction..
The article sets a 10 percent limitation for ownership by any one shareholder. The restriction is meant to prevent anyone shareholder from dominating management of the company. The prospectus when the company sold ordinary shares to the public in June 2103 stated: Ordinary Shares – Special Provisions to Prevent Unacceptable Control Situations. Article 48 of the Articles of Incorporation of the Company contains provisions that are designed to prevent any Shareholder (including a Member Dealer) from holding Shares above the “Prescribed Percentage”, being over 10 percent of the issued share capital of the Company. If the voting power of any person (either alone or together with others) is more than the Prescribed Percentage, the Articles deem that an unacceptable control situation exists. In those circumstances, the same Article also deems that any Shares above the Prescribed Percentage are default shares that no longer carry rights to vote at general meetings of the Company. The Company has a power to give notice to the holder to dispose of any default shares, failing which the Company may dispose of them.
On March 3, a total of 35.3 million units of Jamaica Stock Exchange shares were trading through the market.
JSE majors gain Wednesday
Trading in the main market of the Jamaica Stock Exchange ended with moderate gains in the indices at the close on Wednesday as 22 securities changed hands with 1 trading in the US dollar market. A total of 10 stocks advanced and 7 declined in the two markets.
Trading levels in main market ended at 2,976,903 units valued at $45,537,771 compared to 5,715,510 units valued at $62,017,146 at the close on Tuesday. Trading in the US dollar market accounted for 89,820 units valued at US$27,123.
The All Jamaica Composite Index advanced 854.89 points to close at 245,455.73 the JSE Market Index gained 778.90 points to finish at 223,637.99 and the JSE US dollar market index added 2.30 points to close at 217.87.
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 3 with lower offers.
The main market ended trading with an average of 80,942 units valued at an average of $2,131,320 compared to an average of 122,740 units at $3,054,945 on Tuesday. 
The average volume for the month to date ended at 108,879 units versus 136,817 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Berger Paints gained 95 cents to close at $12, with 182,000 shares traded, Cable and Wireless lost 1 cent to close at $1.28 with trades of 42,650 shares, Caribbean Cement closed $1 higher to $32 with 1,500 units changing hands. Carreras traded 24,179 shares at $72, Grace Kennedy closed at $43, for a loss of 90 cents with 72,578 units changing owners, Jamaica Broilers traded 19,362 shares at $15.90, for a loss of 9 cents, Jamaica Stock Exchange gained $1 to close at $8 with trades of 154,500 units. JMMB Group closed at $16.90, gaining 9 cents with 7,944 units traded, Kingston Wharves fell $2.10 to close at $29.40, with 7,895 units changing hands, 
Mayberry Investments closed 5 cents higher to $4.65 with trades of 18,436 shares, NCB Financial Group closed at $61.90, after exchanging 70,854 shares, Pan Jamaican lost 50 cents, closing at $34.50 trading 35,938 shares. Radio Jamaica traded 80,000 shares at $1.90, Sagicor Group gained 51 cents to close at $34.01 with trades of 703,794 shares, Sagicor Real Estate fund closed at $10.55 with gains of 5 cents and 2,422 shares being exchanged, Scotia Group added 74 cents, closing at $38.75 trading 36,800 units, Scotia Investments traded 50 cents lower to $39.50 with 50,000 units changing hands, Seprod exchanged 152 shares at $38, Supreme Ventures lost 35 cents to close at $6 trading 340,569 shares. Proven closed at 30.95 US cents, gaining 0.95 cent with an exchange of 89,820 ordinary shares, JMMB 7.25% preference share rose 2 cents in trading 56,000 units at $2.41, JMMB 7.5% preference share exchanged 27,810 units at $2, and JMMB Group 7.5% preference share closed at $1.08 with trades of 1,041,520 units.
Sharp price moves push stocks down – Tuesday
Berger price closed with a loss of $1.95 on Tuesday.
Trading levels in main market ended at 5,715,510 units valued at $62,017,146 compared to 2,602,058 units valued at $19,772,383 at the close on Monday. Trading in the US dollar market accounted for 375,830 units valued at US$112,160.
The All Jamaica Composite Index declined 652.58 points to close at 244,600.84 the JSE Market Index fell 594.58 points to finish at 222,859.09 and the JSE US dollar market index gained 5.36 points to close at 215.57.
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 9 stocks with bids higher than their last selling prices and 5 with lower offers.The main market ended trading with an average of 122,740 units, compared to an average of 53,047 units on Monday. The average volume for the month to date ended at 136,817 units versus 150,894 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Berger Paints slid $1.95 to $11.05, with 92,502 shares changing hands, Cable and Wireless lost 1 cent to close at $1.29 with trades of 255,042 shares, Caribbean Cement closed $1.20 lower to $31 with an exchange of 38,790 units. Carreras traded at $72, gaining $3 with 25,245 shares exchanged, Grace Kennedy advanced 90 cents to $43.90 with 170,701 units changing owners, Jamaica Broilers traded 124,547 shares at $15.99, for a loss of 1 cent, Jamaica Producers closed at $16 with 143,221 shares exchanged, Jamaica Stock Exchange closed 53 cents lower at $7, with trades of 861,904 units. JMMB Group closed at $16.81, losing 19 cents with 62,377 units traded, Kingston Properties closed at $16.35 trading 2,250 shares, Kingston Wharves lost 25 cents to close at $31.50, with 133,133 units changing hands, Mayberry Investments closed 10 cents lower at $4.60 with an exchange of 63,659 shares, NCB Financial Group gained 40 cents to close at $61.90, after exchanging 39,418 shares,
1834 Investments closed at $1.50, losing 10 cents trading 24,112 units, Palace traded 900 units at $200, Pan Jamaican closed at $35, with a loss of 1 cent trading 59,159 shares. Pulse Investments closed at $8.40, losing 5 cents with an exchange of 2,654 units, Radio Jamaica gained 30 cents to close at $1.90 exchanging 30,300 shares, Sagicor Group closed at $33.50 trading 151,851 shares, Sagicor Real Estate fund lost 6 cents to close at $10.50 with 184,285 shares traded, Scotia Group was down 99 cents, to close at $38.01, with 513,417 units exchanged, Scotia Investments traded $1.95 higher to $40 with a mere 1,000 units changing hands, Supreme Ventures advanced 35 cents to $6.35 trading 4,710 shares. Proven closed at 30 US cents, gaining 1 cent with an exchange of 375,830 ordinary shares and JMMB Group 7.5% preference share lost 1 cent to close at $1.08 with trades of 2,730,333 units.
JSE climbs again on Friday
The Jamaica Stock Exchange continues to have challenges with their new trading system that was implemented in February. Making matters worse is that personnel at the exchange have refused to vet reports they put out in the public’s domain.
The end result is that indices changes are sometimes wrong or can’t be relied and some stocks are left off the trading reports.
The market closed on Friday with 24 securities changing hands with 2 trading in the US dollar market. In the main market, 12 stocks advanced and 8 declined.
The All Jamaica Composite Index advanced 911.85 points to close at 244,424.85 the JSE Market Index gained 830.80 points to finish at 222,698.74 and the JSE US dollar market index lost 7.95 points to 210.21.
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 4 with lower offers.
The main market ended trading with an average of 282,723 units on Friday, compared to an average of 184,556 units on the previous trading day. The average volume for the month to date, ended at 248,740 units versus 214,756 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Barita Investments traded 28,170 shares at $6.90, Berger Paints advanced $2 to close at $15, trading 25,128 shares, Cable and Wireless closed at $1.34, adding 4 cents with trades of 1,975,825 shares, Caribbean Cement closed 20 cents higher to $32 with an exchange of 14,902 units. Carreras traded at $69.50 with 7,400 shares changing hands, Grace Kennedy closed $1.40 higher to $42.50 with trades of 4,978 units, Jamaica Broilers exchanged 538,378 shares at $16, Jamaica Producers traded 50 cents lower to $15.50 with 12,638 shares changing owners, Jamaica Stock Exchange closed at $7.30, for a loss of 66 cents with an exchange of 3,058,750 units. JMMB Group slid 48 cents, closing at $17.50 with trades of 532,746 units,
Kingston Properties closed at $16.35, rising 15 cents in trading 20,976 shares, Kingston Wharves gained 20 cents to close at $31.20, with 6,693 units changing owners, Mayberry Investments added 10 cents, closing at $5.30 with an exchange of 5,000 shares, NCB Financial Group closed with gains of 99 cents to $61.99, after exchanging 31,659 shares, 138 student Living closed 10 cents lower to $4.50, with 199,483 units being exchanged, Pan Jamaican rose 19 cents higher to $34.25, trading 192,491 shares. Sagicor Group closed at $33.50 trading 60,520 shares, Sagicor Real Estate Fund lost 20 cents to close at $10.55 with an exchange of 6,600 shares, Scotia Group added 15 cents to close at $38.35, with 23,403 units traded, Scotia Investments climbed $1.50 in trading 13,000 shares at $36, Seprod closed at $38.55, for a loss of 45 cents with 10,500 shares, Supreme Ventures closed at $6.29, with 37,777 shares changing hands. Margaritaville Turks traded 7 US cents lower to close at 23 US cents with 1,875 units exchanged, Proven Investments gained 2 US cents to close at 29 US cents trading 5,499 ordinary shares and JMMB Group 7.5% preference share closed at $1.10 with trades of 866,369 units.
JSE climbs on Friday
Jamaica Stock Exchange faulty indices movement.
The latest error shows the indices falling sharply, much different from what the actual performance was on Friday. The report shows the indices above the closing levels on Thursday but the official market report shows that main market and composite indices fell by more than 1,200 points and the junior market rising only 7.21 points when the closing index on Thursday and Friday show a rise of 29.39 points.
The market closed on Friday with 24 securities changing hands with 2 trading in the US dollar market. In the main market, 12 stocks advanced and 8 declined.
Trading levels in main market ended at 7,683,386 units valued at $59,552,400 compared to 5,370,742 units valued at $94,687,874 at the close on Thursday. Trading in the US dollar market accounted for 6,499 units valued at US$1,825.
The All Jamaica Composite Index advanced 911.85 points to close at 244,424.85 the JSE Market Index gained 830.80 points to finish at 222,698.74 and the JSE US dollar market index lost 7.95 points to 210.21.
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 4 with lower offers.The main market ended trading with an average of 282,723 units on Friday, compared to an average of 184,556 units on the previous trading day. The average volume for the month to date, ended at 248,740 units versus 214,756 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Barita Investments traded 28,170 shares at $6.90, Berger Paints advanced $2 to close at $15, trading 25,128 shares, Cable and Wireless closed at $1.34, adding 4 cents with trades of 1,975,825 shares, Caribbean Cement closed 20 cents higher to $32 with an exchange of 14,902 units. Carreras traded at $69.50 with 7,400 shares changing hands, Grace Kennedy closed $1.40 higher to $42.50 with trades of 4,978 units, Jamaica Broilers exchanged 538,378 shares at $16, Jamaica Producers traded 50 cents lower to $15.50 with 12,638 shares changing owners, Jamaica Stock Exchange closed at $7.30, for a loss of 66 cents with an exchange of 3,058,750 units. JMMB Group slid 48 cents, closing at $17.50 with trades of 532,746 units, Kingston Properties closed at $16.35, rising 15 cents in trading 20,976 shares, Kingston Wharves gained 20 cents to close at $31.20, with 6,693 units changing owners, Mayberry Investments added 10 cents, closing at $5.30 with an exchange of 5,000 shares, NCB Financial Group closed with gains of 99 cents to $61.99, after exchanging 31,659 shares,
138 student Living closed 10 cents lower to $4.50, with 199,483 units being exchanged, Pan Jamaican rose 19 cents higher to $34.25, trading 192,491 shares. Sagicor Group closed at $33.50 trading 60,520 shares, Sagicor Real Estate fund lost 20 cents to close at $10.55 with an exchange of 6,600 shares, Scotia Group added 15 cents to close at $38.35, with 23,403 units traded, Scotia Investments climbed $1.50 in trading 13,000 shares at $36, Seprod closed at $38.55, for a loss of 45 cents with trades of 10,500 shares, Supreme Ventures closed at $6.29, with 37,777 shares changing hands. Margaritaville Turks traded 7 US cents lower to close at 23 US cents with 1,875 units exchanged, Proven Investments gained 2 US cents to close at 29 US cents trading 5,499 ordinary shares and JMMB Group 7.5% preference share closed at $1.10 with trades of 866,369 units.
Stocks mostly rise in moderate trading
Trading in the main market of the Jamaica Stock Exchange closed Thursday with 23 securities changing hands and 1 trading in the US dollar market. In the main market, 12 stocks advanced and 7 declined in the main market.
Trading levels in main market ended at 5,370,742 units valued at $94,687,874 compared to 4,735,330 units valued at $232,334,549 at the close on Wednesday. Trading in the US dollar market accounted for 22,600 units valued at US$6,642.
The All Jamaica Composite Index advanced 207.42 points to close at 243,513.01 the JSE Market Index gained 188.98 points to finish at 221,867.93 and the JSE US dollar market index lost 4.47 points to end at 218.16.
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 10 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 184,556 units on Thursday, compared to an average of 189,413 units on the previous trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Berger Paints closed at $13, with gains of 90 cents while trading 90,275 shares, Cable and Wireless closed at $1.30, adding 1 cent with trades of 211,079 units, Caribbean Cement closed 60 cents higher to $31.80 with an exchange of 9,127 units. Carreras dropped 51 cents to close at $69.50 trading 16,967 shares, Grace Kennedy closed $1.90 lower to $41.10 with 9,968 units, Jamaica Broilers gained 50 cents to close at $16, with an exchange of 31,624 shares, Jamaica Producers traded 76,500 shares at $16, Jamaica Stock Exchange closed at $7.96, with 39,382 units changing hands. JMMB Group gained 48 cents, closing at $17.98 with trades of 59,426 units, Kingston Wharves advanced $1 to $31, with 144,600 units changing owners, Mayberry Investments lost 5 cents and closed at $5.20 with an exchange of 1,867 shares, NCB Financial Group slipped $1 to $61, after exchanging 76,297 shares,
1834 Investments gained 10 cents, closing at $1.60 with 500 shares changing hands, Palace Amusement jumped $5 in closing at an all-time high of $200, with just 100 units being exchanged, Pan Jamaican dropped $2.94 to close at $34.06 trading 1,665,400 shares, Portland JSX closed 99 cents higher to $10.99 in exchanging 850 units, Pulse Investments traded 27,271 units at $8.50. Sagicor Group closed at $33.50 with gains of 2 cents trading 298,726 shares, Scotia Group added 10 cents to close at $38.20, with 42,312 units traded, Seprod closed at $39 with trades of 3,160 shares, Supreme Ventures closed 29 cents higher to $6.29, with 1,516,503 shares changing hands. Proven Investments lost 4 US cents to close at 27 US cents trading 22,600 ordinary shares, JMMB Group 7.25% preference share exchanged 1,000 units at $1.50, and JMMB Group 7.5% preference share closed at $1.10 with trades of 1,047,808 units.
Stocks continue wild swings Friday
Caribbean Cement stock price dived sharply on Friday.
Trading in the main market of the Jamaica Stock Exchange closed on Friday with stocks prices continuing to swing wildly as 22 securities changed hands the main market and 2 trading in the US dollar market. At the close, 7 stocks advanced and 11 declined in both markets.
Trading levels in main market ended at 13,300,572 units valued at $443,256,966 compared to 4,648,288 units valued at $125,237,837 at the close on Thursday. Trading in the US dollar market accounted for 8,744 units valued at US$2,692.
The All Jamaica Composite Index fell 1,975.38 points to close at 246,003.16 the JSE Market Index declined 1,766.34 points to finish at 224,136.77 and the JSE US dollar market index lost 0.83 points to close at 227.28.
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 12 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 604,571 units on Friday, compared to an average of 248,178 units on the previous trading day. The average volume for the month to date ended at 416,933 units versus 229,294 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.In market activity, Berger Paints closed lower at $11, losing $3.50 with trades of 91,830 shares, Cable and Wireless lost 4 cents to close at $1.35 with 273,290 shares changing hands, Caribbean Cement tumbled $4.79 to $31.20 trading 3,375 shares, Carreras traded 9,350 units at $68.60, Grace Kennedy advanced $1 to $43.50, with 18,936 units changing hands. Jamaica Broilers lost 30 cents to close at $14.20 with trades of 61,983 shares, Jamaica Producers closed $2.17 lower to $15.01, with an exchange 5,957,112 shares, Jamaica Stock Exchange closed at $8, with 179,123 units changing hands, JMMB Group gained 2 cents to close at $17.03 trading 110,362 units. Kingston Properties traded 500 shares at $16.35, Kingston Wharves closed $1 lower at $31 with 1,504 units changing owners,
NCB Financial Group closed at $63.02, but lost $1.88, after exchanging 4,114,559 shares, Pan Jamaican lost 10 cents to close at $35.90 trading 1,511,194 shares, Pulse Investments closed with a loss of $1.74 to $7.01 with 118,331 units exchanged, Radio Jamaica added 19 cents to close at $1.90, with 8,399 units traded. Sagicor Group closed with gains of 10 cents to $33.15 trading 283,210 shares, Sagicor Real Estate fund closed at $10.50 with trades of 9,981 units, Scotia Group fell to $38.61, losing 39 cents with 233,173 shares changing hands. Scotia Investments lost $1 to close at $35 trading 13,260 units, Sterling Investments closed at $16.75, with gains of 20 cents trading 1,000 shares, Supreme Ventures closed 47 cents higher to $6.37, with trades of 300,000 shares. Margaritaville Turks closed at 30 US cents with an exchange of 304 shares, Proven Investments traded 8,440 ordinary shares at 31 US cents and JMMB Group 7.5% preference share gained 11 cents to close at $1.20 trading 100 units.
JSE stocks in partial recovery – Monday
Berger price closed at a 52 weeks’ high of $15.
Trading levels in main market ended at 2,432,176 units valued at $44,491,086 compared to 3,117,227 units valued at $95,348,879 at the close on Friday. Trading in the US dollar market accounted for 12,035 units valued at US$3,662 contributing to total trades between the two markets of $46,015,960.
The All Jamaica Composite Index advanced 2,331.84 points to close at 250,967.19 the JSE Market Index gained 2,085.08 points to finish at 228,783.81 and the JSE US dollar market index fell 6.38 points to close at 224.79.
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 9 stocks with bids higher than their last selling prices and 6 with lower offers.In market activity, Barita Investments closed at $7 with trades of 900 units, Berger Paints gained $1 to close at 52 weeks high of $15 with an exchange of 11,900 shares, Cable and Wireless traded 549,079 shares at $1.40, Caribbean Cement closed higher at $36.75, after gaining 75 cents in trading 4,580 shares. Carreras traded at $72, with 3,556 units changing hands, Grace Kennedy closed lower at $41, losing 67 cents with trades of 165,139 units, Jamaica Broilers gained $2.32 to close at $16.50 with 243,848 units changing hands, Jamaica Producers declined $1.15, closing at $15.85 while trading 52,904 shares, Jamaica Stock Exchange closed at $7.70, losing 10 cents with an exchange of 198,265. JMMB Group closed $1.95 lower at $18 with 66,844 units changing hands, Kingston Properties traded 45 cents higher, closing at a 52 weeks’ high of $16 with trades of 879 shares, Kingston Wharves advanced $2.50 to $32.50 trading 4,150 units, Pan Jamaican declined $3 to close at $34, after exchanging 45,867 shares, Portland JSX traded 116 shares at $10.99,
Pulse Investments closed at a 52 weeks’ high of $10, with gains of $1.45 and 5,000 units changing hands, Radio Jamaica closed at $1.80, with 290,709 units traded. Sagicor Group closed at $35, with an exchange of 629,820 shares, Sagicor Real Estate fund gained 50 cents to close at $11 trading 63,566 units, Scotia Group closed $1.45 lower at $38.55 with 6,811 shares changing hands, Seprod closed at $40, with an exchange of 42,193 shares. Sterling Investments traded 5,172 shares at $18.20, Supreme Ventures closed at a 52 weeks’ high of $6.18, gaining 10 cents in trading 39,778 shares, Proven Investments lost 1 US cent to close at 31 US cents with trades of 12,035 ordinary shares and Jamaica Money Market Brokers 7.5% preference share closed at $2.05 with 1,100 units changing hands.
Blue chip stocks pull market down Friday
Scotia Investments suffered big drop on Friday.
The All Jamaica Composite Index plummeted 6,139.33 points to close at 248,635.35, the JSE Market Index dropped 5,489.64 points to finish at 226,698.73 while the JSE US dollar market index gained 3.00 points to close at 231.17.
At the close 18 securities changed hands with 1 trading in the US dollar. In the main market, 7 stocks advanced and 5 declined. The US dollar market recorded no price change.
Trading levels in main market ended at 3,117,227 units valued at $95,348,879 compared to 90,132,738 units valued at $1,840,545,568 at the close on Thursday. Trading in the US dollar market accounted for 85,600 units valued at US$26,904, bringing the total traded in both markets to $98,798,014.
The main market ended trading with an average of 173,179 units for an average value of $5,297,160 traded, compared to an average of 3,605,310 units for an average value of $73,621,823 on the previous trading day.
The average volume for the month to date ended at 1,103,492 units versus 2,033,805 units on the prior trading dayThe average volume and value for February, ended at 223,938 units and $1,379,459.
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 2 with lower offers.
In market activity, Barita Investments closed at $7 trading 587 shares, Cable and Wireless lost 10 cents, closing at $1.40 with 204,500 shares traded, Caribbean Cement closed at $36, gaining 50 cents with an exchange of 6,335 shares. Carreras traded at $72, with 37,074 units changing hands, Grace Kennedy closed at $41.67 with trades of 326,371 units, Jamaica Broilers closed at $14.18, losing 82 cents with 10,000 units changing hands, before the company released third quarter results with strong gains in the latest quarter.
Jamaica Producers lost 10 cents to close at $17 trading 309,509 shares, Jamaica Stock Exchange traded 278,128 shares at $7.80, JMMB Group closed at $19.95, gaining 95 cents with 49,414 units exchanged after trading as low as $16.29 during the day, National Commercial Bank declined 70 cents to close at $62.30, after swapping 229,081 units, Pulse Investments gained $1.55 to close at a 52 weeks’ high of $8.55 with 5,000 units changing hands, Radio Jamaica closed at $1.80, with a 1 cent gain and 109,729 units traded. Sagicor Group closed at $35, with an exchange of 107,230 shares, Scotia Group gained $1, closing at $40 trading 1,323,228 shares, Scotia Investments closed at $34, losing $5 with trades of 23,555 shares, Seprod closed at $40, with an exchange of 580 shares, Sterling Investments gained 70 cents to close at a 52 weeks’ high of $18.20 with 1,000 units changing hands, Supreme Ventures closed at $6.08, gaining 8 cents trading 95,906 shares and Proven Investments added 2 US cents to close at 32 US cents with trades of 85,600 ordinary shares.
