Student living housing provider, 138 Student Living reported progress in their half year results to March, with net profits of $27M, which represented an over 200 percent improvement compared to the previous year.
For the quarter to March, 138 reports profit of $15.8 million compared to a loss of $9.6 million for the same period in 2016.
Revenues rose to $147 million for the quarter up from $77 million in 2016 and $262 million for the six months versus $124 in 2016.
“Although our net results showed a significant improvement over the corresponding period last year, we have to take note of the fact that an additional 576 rooms (864 beds) were brought into operations on a phased basis during the year which accounted for the increased Revenue. However, as a result of being less than 100% occupied in the additional four blocks, our net profit was less than optimum,” John Lee Chairman of the company reported.
Lee went on to state,“ with the introduction of the four additional blocks, we, as expected, experienced an increase in operational expenses such as staffing and utilities in addition to financing costs.’
Earnings per share came out at 4 cents for the quarter and 6 cents for the half year.
Progress for 138 Student Living
JSE majors slipped slightly on Monday
Trading in the main market of the Jamaica Stock Exchange closed on Monday with 26 securities changing hands with 1 trading in the US dollar market. At the close, 10 stocks advanced and 8 declined with the main market ending in 2,884,030 units valued at $64,356,186 trading compared to 4,838,789 units valued at $105,278,278 at the close on Wednesday.
Trading in the US dollar market accounted for only 1,502 units valued at US$450. The All Jamaica Composite Index declined 144.74 points to close at 257,591.70, the JSE Market Index fell 131.87 points to finish at 234,695.22 and the JSE US dollar market index closed unchanged at 218.99 points.
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 1 with a lower offer.
The main market ended trading with an average of 110,924 units valued at $2,475,238 per security traded, compared to an average of 256,060 units valued at $2,718,995 on Friday. The average volume for the month to date ended at 188,647 units with an average value of $3,859,708 versus 204,192 units with an average value of $4,136,602 on the prior trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints lost 5 cents to close at $16.85, in trading of 17,380 shares, Cable and Wireless closed at $1.34, with 353,181 shares changing hands, Caribbean Cement traded $1 higher to close at $29 with an exchange of 13,220 units, Carreras closed at $77 exchanging 57,323 shares, Grace Kennedy closed at $42.50, after gaining 25 cents and trading 800,378 units. Jamaica Broilers closed at $17.50, with gains of 50 cents trading 64,249 shares, Jamaica Producers closed $1 lower to $17.60 exchanging 223,675 shares and Jamaica Stock Exchange closed at $7.75, with a loss of 25 cents, trading 12,138 shares, JMMB Group closed at $21.25, losing 25 cents with trades of 11,790 units, Kingston Wharves traded 90 cents lower to close at $30, with 11,511 shares changing hands. Mayberry Investments gained 5 cents to close at $4.55 with an exchange of 78,234 shares, NCB Financial Group closed at $71, after exchanging 143,410 shares, 1834 Investments gained 6 cents to close at $1.50, trading 4,300 shares, 138 Student Living traded 100 units at $4.50,
PanJam Investment closed 19 cents higher to $35.20, in exchanging 7,317 shares, Portland JSX Fund closed at $10.60 trading 800 units. Pulse Investments closed trading at $9.10 in gaining $1.05 with 113,536 shares swapping owners, Radio Jamaica gained 2 cents and closed at $1.67, with 43,300 shares, Sagicor Group closed at $33.50, to record a gain of 45 cents in trading 29,153 shares, Sagicor Real Estate Fund gained 5 cents to close at $10.35 while exchanging 8,200 units, coffee processors, Salada Foods traded 2,700 units at $8, Scotia Group closed 50 cents lower at $43, with 29,579 units changing hands, Seprod shed $3.50 to close at $36, trading 15,860 shares Sterling Investments lost 1 cent to close at $17 with an exchange of 500 units, Supreme Ventures closed at $6.38, with trades of 678,489 shares and Proven Investments exchanged 1,502 ordinary shares at 30 US cents.
JSE main market slips on Thursday
JPS 9.5% preference sharejumped $23.50 to $1,300on Thursday.
Trading in the main market of the Jamaica Stock Exchange closed on Thursday with 24 securities changing hands with 1 trading in the US dollar market. At the close, 10 stocks advanced and 6 declined.
Trading levels in the main market ended at 7,307,280 units valued at $263,394,539 compared to 2,673,775 units valued at $51,217,614 at the close on Wednesday. Trading in the US dollar market accounted for 6,100 units valued at US$1,830.
The All Jamaica Composite Index declined 942.67 points to close at 246,949.65 the JSE Market Index fell 858.88 points to finish at 224,999.11 and the JSE US dollar market index remained at 219 points.
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 17 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 122,740 units valued at $10,974,772 per security that traded, compared to an average of 53,047 units valued at $2,048,705 on Wednesday. The average volume for the month to date ended at 382,330 units with an average value of $5,264,239 versus at 398,555 units with an average value of $4,907,331 on the prior trading day.
The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7 exchanging 22,700 shares, Berger Paints closed 48 cents higher at $14 trading 4,900 shares, after trading at an intraday high of $15.50, Cable and Wireless closed at $1.31, with 508,000 shares changing hands, Caribbean Cement traded 50 cents lower at $30 with trades of 5,600 units. Carreras closed at $75 exchanging 8,770 shares, the stock traded during the day at an intraday high of $77.50, Grace Kennedy gained 90 cents to close at $43.90 trading 4,692,199 units, Jamaica Broilers closed at $16.49, losing 41 cents with an exchange of 924,823 shares, Jamaica Producers closed 50 cents higher at $16, exchanging 87,300 shares, Jamaica Stock Exchange closed 97 cents lower at $7.03, with trades of 6,500 shares. JMMB Group closed at $22.50, gaining $2.28 trading 25,788 units, Kingston Wharves closed at $31, with gains of $1.60 exchanging 15,650 units, NCB Financial Group lost $1.25 to end at $63.75, with 93,122 shares changing hands, 
1834 Investments gained 10 cents to close at $1.80, with an exchange of 41,856 shares, 138 Student Living closed at S4.49 with 40,000 shares changing hands, PanJam Investment closed 5 cents lower to $34.15 with trades of 30,466 shares. Pulse Investments gained 1 cent to close at $8.05 trading 5,000 units, Sagicor Group closed at $33.51, with gains of $1.51, trading 63,150 shares, Scotia Group closed at $40.50, losing 50 cents with 234,146 units changing owners, Seprod closed at $36 trading 2,900 shares, Sterling Investments closed at $17.15 with an exchange of 6,020 units, Supreme Ventures closed at $6.30 exchanging 700 shares. Proven Investments closed at 30 US cents with trades of 6,100 ordinary shares, JMMB 7.5% preference share gained 10 cents to close at $1.98 exchanging 11,000 units, Jamaica Public Service Company 9.5% preference share traded $23.50 higher at $1,300 with 14,000 units changing hands and JMMB Group 7.5% preference share closed at $1.05 trading 462,690 units.
14 stocks fell on Wednesday
Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with 25 securities changing hands with 1 trading in the US dollar market. At the close, 7 stocks advanced and 14 declined.
Trading levels in the main market ended at 2,673,775 units valued at $51,217,614 compared to 5,505,950 units valued at $95,998,334 at the close on Tuesday. Trading in the US dollar market accounted for 168,860 units valued at US$50,658.
The All Jamaica Composite Index declined 1,021.50 points to close at 247,892.32 the JSE Market Index fell 930.70 points to finish at 225,857.99 and the JSE US dollar market index remained unchanged at 219 points.
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 53,047 units valued at $2,048,705 per traded security compared to an average of 158,066 units valued at $4,173,841 on Tuesday. The average volume for the month to date ended at 398,555 units with an average value of $4,907,331 versus at 421,588 units with an average value of $5,097,906 on the prior trading day.
The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7 with a loss of 10 cents exchanging 100 shares, Berger Paints closed $1.48 lower to $13.52 trading 215,248 shares, Cable and Wireless closed at $1.31, after losing 4 cents with 19,178 shares changing hands, Caribbean Cement traded 50 cents lower to $30.50 with 233,626 units trading Carreras closed at $75, with a loss of 10 cents while exchanging 97,395 shares, Grace Kennedy gained $2 to close at $43 trading 27,300 units, Jamaica Broilers closed at $16.90, gaining 10 cents with an exchange of 1,023,770 shares, Jamaica Producers closed at $15.50 exchanging 3,187 shares, Jamaica Stock Exchange closed 40 cents lower at $8, with trades of 22,332 shares. JMMB Group closed at $20.22, after losing 9 cents trading 79,664 units, Kingston Wharves closed at $29.40, with a loss of $2.60 in exchanging 1,718 units, Mayberry Investments exchanged 11,000 shares at $4.75, NCB Financial Group traded at $65, with 65,310 shares changing hands, 
1834 Investments lost 15 cents to close at $1.70, with an exchange of 124,196 shares, 138 Student Living traded 1 cent higher to close at S4.49 with 21,860 shares changing hands, PanJam Investment closed 80 cents lower to $34.20 with trades of 25,244 shares. Radio Jamaica gained 5 cents to close at $1.70 trading 76,000 shares, Sagicor Group closed at $32 exchanging 55,909 shares, Sagicor Real Estate Fund closed at $10.35, with gains of 5 cents trading 35,276 shares, Scotia Group closed at $41, gaining $1.88 with 121,490 units changing ownership, Scotia Investments traded $1.89 lower to close at $36.11 with an exchange of 4,420 shares, Seprod gained 1 cent to close at $36 trading 7,853 shares, Supreme Ventures closed at $6.30, losing 8 cents exchanging 62,444 shares. Proven Investments closed at 30 US cents with trades of 168,860 ordinary shares, and JMMB Group 7.25% preference share lost 20 cents to close at a 52 weeks’ low of $1.30 exchanging 40,000 units.
JSE falls sharply on Tuesday
Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with 23 securities changing hands with 2 trading in the US dollar market. At the close, 8 stocks advanced and 9 declined.
Trading levels in main market ended at 5,505,950 units valued at $95,998,334 compared to 1,892,384 units valued at $17,691,277 at the close on Monday. Trading in the US dollar market accounted for 10,079 units valued at US$5,123.
The All Jamaica Composite Index dropped 2,960.08 points to close at 248,913.82 the JSE Market Index slid 2,696.97 points to finish at 226,788.69 and the JSE US dollar market index remained unchanged at 219 points.
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 11 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 158,066 units valued at $680,434 per traded security compared to an average of 258,710 units carrying an average value of $3,912,692 on Monday. 
The average volume for the month to date ended at 440,411 units with an average value of $5,163,911 versus 454,388 units with an average value of $5,508,794 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7.10 with an exchange of 73,748 shares, Berger Paints closed at $15, gaining 1 cent in exchanging 75,342 shares, Cable and Wireless closed at $1.35, losing 1 cent with 1,116,376 shares changing hands, Caribbean Cement traded $1 higher to $31 with trades of 20,823 units. Carreras closed at $75.10, with a loss of 80 cents while 2,840 shares were swapped, Grace Kennedy tumbled to $41, losing $3 in trading 1,204,283 units, Jamaica Broilers closed at $16.80 with 8,414 shares changing owners, Jamaica Producers closed at $15.50 with an exchange of 68,731 shares, Jamaica Stock Exchange closed 40 cents higher to $8.40, with trades of 2,120,627 shares. JMMB Group closed at $20.31, while gaining 32 cents trading 119,977 units, Kingston Wharves closed at $32 exchanging 5,700 units, NCB Financial Group traded at $65, with 65,960 shares changing hands, 
1834 Investments gained 20 cents to close at $1.85, with an exchange of 10,000 shares, 138 Student Living traded 2 cents higher to close at S4.48 with 2,050 shares changing hands, PanJam Investment closed 60 cents lower to $35 with trades of 10,169 shares. Pulse Investments closed at $8.04 with an exchange of 70,000 shares, Radio Jamaica lost 10 cents to close at $1.65 trading 48,055 shares, Sagicor Group closed at $32, losing $1 in exchanging 38,500 units, Sagicor Real Estate Fund closed at $10.30, with a loss of 20 cents trading 25,072 shares, Scotia Group closed with a loss of $1.88 at $39.12, with 255,649 units changing owners, Scotia Investments gained 92 cents to close at $38 with trades of 126,000 shares, Seprod lost 1 cent to close at $35.99 trading 5,420 shares, and Supreme Ventures closed at $6.38, gaining 3 cents exchanging 32,214 shares. Proven Investments closed at 30 US cents with trades of 8,330 ordinary shares and JMMB Group USD5.75% preference share closed at US$1.50 with trades of 1,749 units.
Upper hand for falling stocks on Tuesday
NCB hits a new high of $75 on Tuesday in trading on the JSE.
Declining stocks had the upper hand in trading in the main market of the Jamaica Stock Exchange at the close on Tuesday with 27 securities changing hands with 1 trading in the US dollar market. The markets closed with 7 stocks advancing and 12 declining.
Trading levels in main market ended at 4,459,136 units valued at $97,369,402 compared to 1,824,130 units valued at $21,197,848 at the close on Thursday, ahead of the Easter holiday break. Trading in the US dollar market accounted for 56,525 units valued at US$16,658.
The All Jamaica Composite Index advanced 378.10 points to close at 248,706.47 the JSE Market Index gained 344.49 points to finish at 226,599.78 and the JSE US dollar market index lost 8.42 points to close at 215.62.
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 11 stocks with bids higher than their last selling prices and none closed with a lower offer.
The main market ended trading with an average of 340,219 units valued at $3,606,274 per security traded compared to an average of 82,915 units at an average value of $963,539 on Thursday. The average volume for the month to date ended at 534,102 units with an average value of $5,367,204 versus 555,645 units valued at $5,562,862 per security traded on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investm
ents gained 10 cents to close at $7, with 59,000 shares changing hands, Berger Paints closed at $14 with trades of 5,100 shares, Cable and Wireless closed at $1.30 with an exchange of 434,033 shares, Caribbean Cement closed $2 lower at $30 with 86,694 units changing hands. Carreras closed at $74, gaining $1 exchanging 4,308 shares, Grace Kennedy closed at $42.80, with a loss of $1.20 trading 23,192 units, Jamaica Broilers gained 10 cents to close at $17 with 31,773 shares changing hands, Jamaica Producers closed at $15, with a loss of 50 cents exchanging 100,177 shares, Jamaica Stock Exchange closed 95 cents lower at $7, with a sale of 939,133 shares. JMMB Group closed 25 cents higher at $18.65, trading of 39,681 units, Kingston Properties traded at $15.95 with 200 shares changing hands, Kingston Wharves closed $1 lower to $30 trading 38,797 units, NCB Financial Group traded at a new intraday high of $75 but failed to hold on to the gain at the end of trading to end with 38,440 shares trading at $65, 1834 Investments gained 2 cents to close at $1.50, trading 10,000 shares, 138 Student Living closed at $4.49 with 63,500 units traded, 
PanJam Investment closed at $34.66, after losing 34 cents with 39,662 shares changing hands. Pulse Investments traded 4,900 units at $8,Radio Jamaica lost 15 cents to close at $1.60, with an exchange of 52,330 shares, Sagicor Group closed at $33.05, gaining 3 cents with an exchange of 2,253,648 shares, Sagicor Real Estate Fund closed at $10.05, with a loss of 5 cents and 7,200 shares traded, Scotia Group jumped $2.75 to $41.50, with an exchange of 43,366 units, Seprod lost $4 to close at $35, trading 4,532 shares, Supreme Ventures closed at $6.38, with 78,390 shares changing hands. Proven Investments closed at 30 US cents, losing 1 US cent exchanging 56,625 ordinary shares, Jamaica Money Market 7.25% preference share lost 9 cents, closing at $2.41 with 500 units changing owners, Jamaica Money Market 7.5% preference share traded 100,000 units at $1.81, having lost 19 cents, JMMB Group 7.25% preference share closed at $1.50 with 430 units traded and JMMB Group 7.5% preference share traded 150 units at $1.10.
Sagicor’s big 11M share trade on Monday
Sagicor Group Kingston head quarters.
Trading ended with 12 stocks advancing and 8 declining in the main market as 13,790,971 units valued at $428,274,635 traded in the main market compared to 9,512,849 units valued at $220,101,365 at the close on Friday. Trading in the US dollar market accounted for 3,670 units valued at US$1,100.
The All Jamaica Composite Index declined 1,432.85 points to close at 246,900.84, the JSE Market Index lost 1,305.49 points to finish at 224,954.64 and the JSE US dollar market index gained 1.72 points to close at 218.68.
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 599,607 units valued at $18,620,636 for each security traded compared to an average of 413,602 units valued at $9,170,890 per security. The average volume for the month to date ended at 794,485 units valued at $18,495,857 per security, versus 833,460 units and $5,623,143 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints closed at $12.30, gaining 25 cents with trades of 4,243 shares, Cable and Wireless closed at $1.30, with gains of 2 cents while exchanging 64,088 shares, Caribbean Cement added $1.10 to close at $31.60 trading 24,639 units. Carreras closed at $74 with 30,000 shares changing hands, Grace Kennedy tumbled $3.70 to close at $41, with 1,070,424 units traded, Jamaica Broilers added 4 cents to close at $16.54 with trades of 17,574 shares, Jamaica Producers closed 50 cents lower to $14.50, with an exchange of 5,900 shares, Jamaica Stock Exchange gained 75 cents to close at $7.95, with 37,105 shares changing hands. JMMB Group closed 10 cents higher to $18.65 trading 18,470 units, Kingston Properties gained 3 cents to close at $15.98 with 4,000 shares changing hands, Kingston Wharves closed at $32, after falling 36 cents with an exchange of 19,903 units,
Mayberry Investments closed at $4.80 with a 10 cents gain trading 41,016 shares, NCB Financial Group closed at $62.40, after exchanging 15,500 shares, 1834 Investments traded 2,874 units at $1.54, while 138 Student Living traded 30,700 units at $4.46, having lost 3 cents, Pan Jamaican closed 60 cents higher at $35.60 with 5,241 shares changing owners. Pulse Investments traded 2,000 units at $8, Sagicor Group closed with gains of 51 cents to $33.51, exchanging 11,135,988 shares, Sagicor Real Estate Fund lost 46 cents to close at $10.05, with 695 shares traded, Scotia Group dropped $1.40 and closed at $38.60, trading 10,154 units, Seprod fell $3.70 to close at $36, while trading 5,400 shares, Supreme Ventures closed at $6.38, gaining 3 cents with trades of 360,757 shares. Proven Investments lost 1 US cent to close at 29 US cents with trades of 3,670 ordinary shares and JMMB Group 7.5% preference share gained 5 cents to close at $1.10, with an exchange of 884,000 units.
Jamaican stocks drop on Tuesday
Stocks trading on the Jamaican Stock Exchange, on Tuesday mostly rose leading to strong gains in the man market indices, moderate gains for the junior market and a fall of the US dollar market index.
The market closed with trading in 47 securities with 15 stocks rising and 15 falling, in all markets. At the close 7 stocks gained and 7 declined from the junior market based on the last selling price and 1 fell in the US dollar market.
The JSE combined index fell 143.05 points, to close at 247,514.44, the All Jamaica Composite Index shed 886.32 points to close at 254,452.51, the JSE Market Index moved down 792.52 points to finish 231,900.30, the The junior market index jumped sharply by 57.28 points, to close at record 3,158.79 points and the the US dollar market index fell 7.46 points to end at 225.97.
Trading was boosted by a 12 million units that changed hands, of 138 Student Living preference share, to reach 15,737,390 units valued at $95,432,907 compared with the previous day with 8,079,039 units valued at $48,306,068, having changed hands, compared to 8,815,422 units valued at $83,003,765 changing hands on Monday. The junior market accounted for 1,021,882 units valued at over $6,003,095 of those trading. The US dollar market index traded 85,076 units valued at US$26,437.
The average trade for the day in the main market ended at 85,131 shares compared to an average of 219,185 units on Monday. For the month to date, an average of 132,046 shares compared to an average of 178,960 units up to the prior trading day. January ended with an average of 592,602 units.
The junior market ended trading with an average of 53,783 units with an average value of $315,952 traded, compared to of 110,117 units with an average value of $656,133 on the previous trading day. The average volume and value for the month to date ended at 258,010 units and $1,598,653 compared to 272,597 units and $1,690,274 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and none with a lower offer.
Jamaican stocks down again on Tuesday
Jamaica Broilers traded at a new high on Tuesday
The market closed Tuesday, with 11 stocks gaining and 7 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 750.62 points to close at 254,224.65, the JSE Market Index fell 671.19 points to finish at 231,025.35 and the JSE combined index lost 849.58 points, to close at 245,876.85.
At the close, 9,830,806 units valued at $174,930,678 changed hands, compared to 17,383,764 units valued at $129,272,080 changing hands on Monday. Of the stocks traded, the junior market accounted for 3,740,128 units valued at over $70,476,295.
The average trade for the day in the main market ended at 210,760 shares compared to an average of 179,527 units on Monday. For the month to date, an average of 188,403 shares compared to an average of 166,045 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 1 with a lower offer.In market activity, Barita Investments gained 30 cents to close at a 52 weeks’ high of $8, while trading 96,986 units, Berger Paints exchanged 59,653 shares at $12, Cable and Wireless closed 4 cents higher to $1.29 with 462,009 units changing hands, Caribbean Cement lost 30 cents to close at $30.30 with trades of 85,064 shares. Carreras closed at a 52 weeks’ high of $68, gaining $1 with 16,633 units traded, 1834 Investments added 5 cents to close at $2.20 with trades of 88,628 shares, Grace Kennedy closed at $40.50, losing 15 cents with 2,650,225 units changing hands. Jamaica Broilers lost 10 cents, closing at a 52 weeks’ high of $16.15 trading 18,902 shares, Jamaica Producers declined by 97 cents to close at $20.75 with 168,975 units changing hands, Jamaica Stock Exchange closed at $9.50, losing $1 with 281,670 shares traded and JMMB Group lost 5 cents to close at $19.55 with an exchange of 68,103 units. Kingston Properties ended at $10 trading 23,048 shares, Kingston Wharves declined 50 cents, closing at $31 with trades of 115,240 units, Margaritaville Turks gained 4 cents to close at 39 US cents, trading 4,000 shares,
Barita closed at a new high on Tuesday.
Jamaican stocks down sharply on Monday
Jamaica Stock Exchange dropped to $10.60
The market closed Monday, with 6 stocks gaining and 15 declining coming from the junior market as 6 securities ending at new 52 weeks’ closing highs.
The All Jamaica Composite Index dropped 3,171.06 points to close at 254,224.65, the JSE Market Index dived 2,835.48 points to finish at 231,696.54 and the JSE combined index plunged 3,008.67 points, to close at 246,726.43.
At the close, 17,383,764 units valued at $129,272,080 changed hands, compared to 23,308,737 units valued at $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 13,224,639 units valued at over $70,476,295.The average trade for the day in the main market ended at 179,527 shares compared to an average of 116,707 units on Friday. For the month to date, an average of 166,045 shares compared to an average of 152,563 units up to the prior trading day. January ended with an average of 592,602 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints traded 145,500 shares at $12, Cable and Wireless closed at $1.25 trading 758,788 units, Caribbean Cement closed at $30.60, losing $2.40 with an exchange of 18,000 shares. Carreras traded 20,128 units and closed at $67, trading in 1834 Investments ended with an increase of 3 cents to close at $2.15 with 254,139 shares changing hands, Grace Kennedy closed at $40.65 with 70,634 units changing hands. Jamaica Broilers closed at $16.25 with an exchange of 18,057 shares, Jamaica Producers advanced $1.72 to close at a 52 weeks’ high of $21.72 with 59,292 units changing hands, Jamaica Stock Exchange dropped $3 and closed at $10.50 with 163,955 shares traded,
JMMB Group gained 10 cents to close at $19.60 with 336,314 units traded. Kingston Wharves dropped $2 to close at $31.50 with trades of 7,065 units, Mayberry Investments gained 25 cents, closing at $5.75 with 54,645 shares changing hands, National Commercial Bank added 10 cents to close at $65, after swapping 26,583 shares. 138 Student Living traded 438,159 units at $4.50, Pan Jamaican ended trading at a 52 weeks’ high of $44, gaining $4 with an exchange of 35,183 shares. Radio Jamaica gained 2 cents and closed at $1.70 trading 345,833 units, Sagicor Group closed at $35.50 with trades of 34,157 units, Sagicor Real Estate fund closed at $11.50, gaining $1.50 with an exchange of 3,550 units, Scotia Group closed at $43.10, having traded 276,859 shares. Supreme Ventures closed at $5.70 with 625,973 shares traded and Proven Investments gained 2 US cents trading 389,057 ordinary shares to close at 32 US cents.
