The Main Market of the Jamaica Stock Exchange closed at another record on Thursday with 26 securities changing hands, 9 advanced, 8 declined and 9 traded firm, leading the JSE All Jamaican Composite Index to jump 1,630.32 points to 305,961.60 and the JSE Index to gain 1,485.40 points to 278,765.62.
For the year to date, the All Jamaican Composite Index is up 45.6 percent and the JSE Index 45 percent.
In both the main and US dollar markets 30 securities traded. With the main market ending with 3,438,708 units valued at $30,094,508 changing hands compared to 2,338,963 units valued at $40,714,751 on Wednesday in the main market while trading In the US dollar market saw 4 securities changing hands, resulting in 21,938 units valued at 
US$8,171 changing hands. At the close the JSE US dollar Equities Index advanced by 0.49 points to close at 185.30.
Trading ended with an average of 132,258 units for an average of $1,157,481 in contrast to 101,694 units for an average of $1,770,207 on Wednesday. The average volume and value for the month to date amounts to 1,765,920 units valued at $24,286,888 and previously, 1,919,815 units valued at an average of $26,465,745. In contrast, September closed with average of 283,480 units at $3,630,990 for each security traded.
The average volume and value for the month to date amounts to units valued at 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 1 with a lower offer.
Moderate trading hits JSE majors
Trading on the main market of the Jamaica Stock Exchange was moderate on Thursday with 3,438,708 units, valued at just $30,094,508 changing hands but with the market closing at new record high.
Trading in the US dollar market saw 4 securities changing hands, resulting in 21,938 units valued at US$8,171 trading. A total of 26 securities changing hands in the main market with 9 advancing, 8 declining and 9 traded firm, leading the JSE All Jamaican Composite Index to jump 1,630.32 points to a record close of 305,961.60 and the JSE Index to gain 1,485.40 points to end at a record 278,765.62.
In the main activity, Barita Investments closed $1 higher at $9, with 29,895 shares trading, Berger Paints settled 90 cents higher at $12.50, with 3,308 shares, Cable & Wireless ended trading with a rise of 2 cents to $1.20, with 2,136,104 shares changing hands, Caribbean Cement ended 50 cents higher at $28, with 20,303 units, Carreras finished with a loss of 30 cents at $11.20, with 244,222 stock units trading, Grace Kennedy closed at $42.50, with 119,832 shares. Jamaica Broilers traded with a loss of 49 cents at $18.01, with 11,966 shares, Jamaica Producers closed at $16, with 10,229 units, Jamaica Stock Exchange finished trading with a loss of 20 cents at $7, after trading 1,000 shares, JMMB Group concluded trading 60 cents higher at $27.60, with 29,975 units, Kingston Wharves ended at $30, with 31,537 shares changing hands. Mayberry Investments finished at $4.21, trading 168,816 units, NCB Financial climbed by $1.50 to $94.50 while trading 13,287 units, 1834 Investments ended at $1.35, trading 2,500 units, PanJam Investment ended trading $2.40 higher at $41, with a mere 355 stock units, Portland JSX concluded trading at $9, with 4,500 shares. Radio Jamaica finished trading with a loss of 5 cents at $1.10, with 37,922 shares, 
Sagicor Group concluded trading with a loss of 50 cents at $38, with 18,876 stock units, Sagicor Real Estate Fund concluded trading 1 cent higher at $14.01, with 210,174 units, Salada Foods gained $1.50 t0 $10, with 1,000 stock units, Scotia Group finished trading with a loss of $3 to end at $50, with 203,381 shares. Seprod finished trading at $30, with 1,674 units and Supreme Ventures concluded trading with a loss of 50 cents at $11.50, with 14,502 units. In the main market preference segment, Jamaica Money Market Brokers 7.5% finished trading with a loss of 10 cents at $1.90, with 60,150 stock units, JMMB Group 6% preference share lost 4 cents to close at $1.10, with 63,000 shares. In the US dollar market segment, JMMB Group 6% preference share closed at US$1.11, with 2,230 shares Productivity Business traded 2,910 shares at 60 US cents and Proven Investments closed with 16,424 units trading at 23.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.
Another record close for Jamaican stocks
Rose Hall hotel a Sagicor Real Estate Fund, property. The stock closed at a new high on Wednesday.
The Main Market of the Jamaica Stock Exchange finished at another new record close of 304,331.28 for the all Jamaica Composite Index on Wednesday. The main and US dollar markets closed with 27 securities changing hands, of which 12 advanced and 5 declined.
In the main activity, Barita Investments closed at $8, with 720 units changing hands, Berger Paints settled 10 cents higher at $11.60, with 72,142 shares, Caribbean Cement finished at $27.50, with 700 units, Carreras settled with a loss of 40 cents at $11.50, with 456,367 stock units, Ciboney Group ended with a loss of 1 cent at $0.18, with 9,835 shares traded. Grace Kennedy ended 50 cents higher at $42.50, with 7,396 units, Jamaica Broilers closed trading 50 cents higher at $18.50, with 18,060 stock units, Jamaica Producers gained 40 cents to end at $16, with 13,000 shares traded, 
Jamaica Stock Exchange ended trading with a loss of 5 cents at $7.20, with 4,000 units, JMMB Group finished trading at $27, with 180,823 units. Mayberry Investments finished trading 11 cents higher at $4.21, with 200 stock units, 1834 Investments concluded trading 10 cents higher at $1.35, with 3,110 units, PanJam Investment finished 60 cents higher at $38.60, with 485 shares, Portland JSX settled 25 cents higher at $9, with 4,760 units, Radio Jamaica ended trading at $1.15, with 688,353 stock units changing hands. Sagicor Group closed with a loss of $1.50 at $38.50, with 385,734 shares, 
Sagicor Real Estate Fund closed 75 cents higher at a 52 weeks’ closing high of $14, with 35,500 units, Scotia Group settled $1 higher at $53, trading 35,890 shares, Seprod exchanged 24,500 stock units at $30 nd Supreme Ventures ended trading at $12, with 33,492 stock units. In the main market preference segment, JMMB Group finished trading at $1.15, with 262,000 stock units, Sagicor Bank A preference share traded 1,350 units at $1.05 and the B share saw 9,000 units trading at $1.
In the US dollar market segment, JMMB Group 6% preference share finished at $1.10, with 10,000 shares Productivity Business traded 550 shares at 60 US cents, Proven Investments closed with 483,576 units trading at 23.5 US cents and Sterling Investments traded just 100 shares at a 52 weeks’ high of 12 US cents after rising 1 cent.
Prices of securities trading for the day are those at which the last trade took place.
Major stocks surge to new record
NCB helped push JSE to record close on Tuesday.
NCB Financial with 611,333 units trading jumped to $93 at the close, along with Scotia Group that traded just 9,271 units to close higher at $52 were two of the main contributors to the day’s rise in the market indices.
The Main Market of the Jamaica Stock Exchange finished trading on Tuesday with 23 securities changing hands, 12 advanced, 4 declined and 7 traded firm with 4,504,312 units valued at 68,391,852 compared to 94,545,441 units valued at 1,119,081,050 on Thursday. In the US dollar market, trading just 1 security accounted for 102,838 units with a value of $24,009 and the JSE US dollar Equities Index closing with a modest loss of 0.70 points to 183.66.
Trading ended with an average of 142,884 units for an average of $3,108,721, in contrast to 204,741 units for an average of $3,108,721 Friday. The average volume and value for the month to date amounts to 2,085,099 units valued at an average of $28,710,794 and 2,279,320 units valued at $31,266,958 previously. In contrast, September closed with average of 536,395 units at $1,905,441 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 shows 10 stocks with bids higher than their last selling prices and 2 with lower offers.
Berger Paints resumed trading but with ne official report on the out turn of the acceptance of the offer by investors, the stock closed at $11.50 after 248,769 units were traded.
JSE eating away at resistance
The JSE All Jamaican Composite Index continues to eat away at resistance around the 300,000 points levels, advancing by 2,135.19 points to close at 302,498.35 with the JSE Index following with a rise of 1,945.40 points to a record close of 275,610.21.
At the close of the market, Barita Investments closed at $8, with 7,550 stock units trading, Berger Paints finished trading 25 cents higher at $11.50, with 248,769 shares, Cable & Wireless ended trading 8 cents higher at $1.18, with 1,105,000 units, Caribbean Cement ended trading 95 cents higher at $27.50, with 8,250 units, 
Carreras closed with a loss of 10 cents at $11.90, with 151,770 stock units, Grace Kennedy ended with a loss of 75 cents at $42, trading 85,614 shares. Jamaica Broilers finished 5 cents higher at $18, with 66,650 units, Jamaica Producers settled with a loss of 40 cents at $15.60, with 2,000 shares changing hands, Jamaica Stock Exchange closed 5 cents higher at $7.25, with 1,000 shares, JMMB Group ended $1 higher at $27, with 62,554 units, Kingston Properties rose 5 cents to end at $7.20, with 160 shares. Kingston Wharves finished trading at $30, with 25,722 stock units, 1834 Investments traded 33,558 shares at $1.25, 
PanJam Investment lost 52 cents to end at $38, with 10,000 stock units, Portland JSX traded 25 cents higher at $8.75, with 5,000 units, Radio Jamaica closed at $1.15, with 2,500 shares, Sagicor Group traded 37,406 units with a gain of $1.49 to end at $40. Sagicor Real Estate Fund ended trading at $13.25, with 4,000 units, Scotia Group gained $1.02 higher to $52, with 9,271 shares and Supreme Ventures ended 15 cents higher at $12, with 51,500 stock units. In the main market preference segment, JMMB Group concluded trading at $1.15, with 747,717 stock units, and Sagicor Bank B preference share traded 9,000 units at $1and in the US dollar market segment, Proven Investments closed with 102,838 units trading at 20 US cents after slipping3.5 US cents.
Prices of securities trading for the day are those at which the last trade took place.
Another reord close for JSE
The Jamaica Stock Exchange all Jamaica Composite Index close at yet another record with a rise of 2,135.19 points to 302,498.35 on Monday.
The JSE Index jumped 2,198.62 points to close at 285,647.03 as NCB Financial closed at $91 with 611,333 shares changing hands. Berger Paints resumed trading with 248,769 shares changing hands as the price closed at $11.50 and Scotia Group rose to close at $52.
with todays close and NCB Financial closing with limited supply, the market could be moving away from the recent short term resistance and heading for the next at 360,000 points.
Banks push JSE to new high – Friday
Stocks surged higher, at the close of trading on the main market of the Jamaica Stock Exchange on Friday with the market ending at record closing levels as JMMB Group NCB Financial and Scotia Group record strong gains, pushing the JSE All Jamaican Composite Index to a record close of 300,363.16.
Trading on the main market ended with 22 securities changing hands, 7 advanced, 6 declined and 11 traded firm with 4,504,312 units valued at $68,391,852 compared to 94,545,441 units valued at $1,119,081,050 on Thursday. In the US dollar market 425,898 units traded for a value of US$102,239 for two securities.
In market activity, volumes are those trades for the day and the closing prices are those at which the last trade took place. At the close on market activity, Barita Investments ended trading with a loss of $1 at $8, with 40,452 stock units trading, Cable & Wireless finished at $1.10, with 42,361 units, Caribbean Cement settled 54 cents higher at $26.55, with 3,000 shares, Carreras closed at $12, after 462,635 stock units changed hands, Grace Kennedy closed with a loss of 5 cents at $42.75, with 12,005 shares. Jamaica Broilers ended with a loss of 5 cents at $17.95, with 1,858 units, Jamaica Producers ended trading at $16, with 2,278 stock units, Jamaica Stock Exchange concluded trading $1.20 higher at $7.20, with 1,064,940 shares switching owners, JMMB Group finished $3 higher at $26, after trading 21,667 units, Mayberry Investments ended trading with a loss of 40 cents at $4.10, with 15,378 shares. PanJam Investment ended with a loss of $3.48 to $38.52, with 9,732 units, 
Portland JSX ended trading after falling 50 cents to an all-time low of $8.50, with 50,000 stock units after the company reported a loss for the six months to August of US$221,251. Radio Jamaica settled at $1.15, trading 10,100 shares, Sagicor Group traded with a loss of $1.49 cents at $38.51, with 7,700 units changing hands, Sagicor Real Estate Fund finished trading 4 cents higher at $13.25, with 19,700 stock units, after it traded at an all-time high of $15. Salada Foods closed at $8.50, with 350,000 shares, Scotia Group ended $3.08 higher at $50.98, with 414,399 stock units, Seprod traded 339 units at $30 and Supreme Ventures finished 37 cents higher at $11.85, with 130,790 shares.
In the main market preference segment, Jamaica Money Market Brokers 7.5%, ended trading 700,000 shares at $2 and JMMB Group 7.5% ended 1 cent higher at $1.15, with 870,000 stock units changing hands.
In the US dollar market segment, Productivity Business traded 5,898 shares at 57.5 US cents and Proven Investments closed with 420,000 units trading at 23.5 US cents.
All Jamaica cracks 300,000 for first time
Jamaica Stock Exchange all Jamaica Index closes above 300,000 on Friday.
The JSE All Jamaican Composite Index surged 5,376.82 points to close above the 300,000 points level for the first time, as JMMB Group, NCB Financial and Scotia Group recorded strong gains and pushed the index to a record close at 300,363.16.
The JSE Index jumped 4,898.89 points to close at a record 273,664.81 and in the US dollar market the USD Equities Index closed at 184.36.
Come Tuesday, when trading resumes it will be interesting to see how NCB trades since the stock closed at the equivalent of $100 in Trinidad on Thursday. At the close on Friday, there were only 33,603 units on offer for the stock. A break out of NCB is likely to see the market moving decisively away from the resistance, around the 300,000 points level. On Tuesday, Berger Paints that was suspended pending the closure of the Ansa Coating mandatory buyout offer, at the end of the day there were information on the out-turn of the offer.
Trading on the main market of the Jamaica Stock Exchange finished on Friday with 22 securities changing hands, 7 advanced, 6 declined and 11 traded firm with 4,504,312 units valued at $68,391,852 compared to 
94,545,441 units valued at $1,119,081,050 on Thursday. In the US dollar market 425,898 units traded for a value of US$102,239 for two securities.
Trading ended with an average of 204,741 units for an average of $3,108,721 in contrast to 4,110,671 units for an average of $48,655,698 on Thursday. The average volume and value for the month to date amounts to 2,279,320 units valued at $30,989,186 and an average of 2,498,747 units at $34,245,233, previously. In contrast, September closed with average of 283,480 units at $3,630,990 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 shows 7 stocks with bids higher than their last selling prices and 2 with lower offers.
JSE backs off from record
Trading on the Main Market of the Jamaica Stock Exchange finished on Tuesday with the JSE All Jamaican Composite Index pulling back from Monday’s record close to fall by 659.53 points to 298,431.63 while the JSE Index fell 600.91 points to end at 271,904.96.
At the close of trading in the main market, 24 securities changing hands, 6 advanced, 11 declined and 7 traded firm with 5,506,552 units valued at $185,232,323 changing hands, compared to 310,999,356 units valued at $2,974,897,171 on Monday.
In the US dollar market trading accounted for the Equities Index declined 2.47 percent by 4.62 points to close at 182.53 as one security traded with a loss.
Trading ended with an average of 229,440 units for an average of $7,718,013 in contrast to 13,521,711 units for an average of $129,343,355 on Monday. The average volume and value for the month to date amounts to 2,622,376 units valued at $36,983,349 and previously 3,041,577 units with a value of $42,110,123. In contrast, September closed with average of 536,395 units at $1,905,441 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 shows 5 stocks with bids higher than their last selling prices and 2 with lower offers.
All Berger directors must go
Considering the very strong recommendations made by directors for shareholders to take up the offer, it would be logical if the investing public was informed about the results. Trading is taking place with investors being in the dark.
This is no way to run a capital market. The Stock Exchange has information but has so far done nothing to get investors promptly informed as to the status of the company remaining listed. The Financial Securities Commission that is there to protect investors seems completely dead. With directors putting out highly questionable information in support of their ill-advised recommendation to sell, these regulators left investors completely exposed to improper information.
IC Insider.com gathers that around 6 million units were surrendered by investors. What is known by this publication, is that the larger minority shareholders with more than 31 percent of the shares, were never influenced by the recommendation to accept the offer and did not sell. That left smaller investors who unfortunately have given up their chance to reap a huge pay day in 2018 when the price is likely to be in the $40-50 range. Very sad indeed.
The stock exchange needs to get information out to the public and fast. And while the Jamaica Stock Exchange should do so, the Trinidad and Tobago Exchange needs to do the same as the Ansa Coatings parent, is listed on that exchange and should be informing their shareholders of the outcome of the offer as well.
Apart from what would be expected of Ansa to advice of the added acquisition. Under the Jamaica Stock Exchange rules, each listed company is required to report connected party transactions. The directors’ recommendation stated that all directors who owned shares directly and their connected parties, as well as two senior managers intended to accept the offer, accounting for over 500,000 units. These are connected parties and Berger is required to inform the Stock Exchange of these transactions along with the major shareholder buying, as a part of insider trading information.
With such poor judgement, minority shareholders need to demand that all directors resign from the board with immediate effect as no confidence can be placed in them to protect the interest of minority. One hopes it does not get down to that and that all will resign forthwith without having to be pushed.