JSE in big rise again – Tuesday

Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index climbing 1,439.19 points to 317,974.26 and the JSE Index advancing by 1,311.26 points to 289,710.51.
Tuesday was the second consecutive day with gains of more than 1,300 in the market indices. The number of securities trading, rose above that on Monday, but the value traded fell sharply. Main market activity ended with 5,490,162 shares valued at a mere $27,746,053 changing hands, in contrast to 6,473,345 shares valued at $82,423,988 trading on Monday.
Main and US market activities ended with moderate trading levels, leading to prices of 8 securities rising, 14 falling, 9 trading firm as 31 securities changed hands, including 2 from the US market versus 27 that traded on Monday.
The major contributors to the total volume in the market include Ciboney with over 970,000 units, 1834 Investments trading over 2.3 million units, Radio Jamaica with more than 520,000 units and Wisynco with just over 800,000 units. Kingston Wharves jumped $5.55 to a new record high of $42.60, Barita Investments rose 94 cents to end at $8.45, while PanJam Investment rose $1.85 to $41.85, but NCB Financial lost 95 cents to close at $99, Salada Foods fell $1.49 to $10.51 and Scotia Group lost $1 to end at $52.
The US market closed with Margaritaville concluded trading at 22 US cents with 2,835 shares and Proven Investments fell 1.95 cents in exchanging 4,474 ordinary shares, to close at 21 US cents. The market closed with 132,964 shares trading with a value of US$27,986 and the JSE US Equities Index falling 8.95 points to close at 165.23.
Market activity ended with an average of 189,316 shares valued at $956,760, in contrast to 258,934 shares valued at $3,296,960 on Monday. The average volume and value for the month to date amounts to 182,709 units valued at $3,152,487 and previously, 181,904 units valued at $3,455,707. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.

For more details of market activities see – Kingston Wharves jumps $5.55 to new high

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Cement drops $3.04 Scotia up $3 – Monday

Scotia Group head quarters in Kingston.

A $3 jump in the price of Scotia Group and $1 rise in Sagicor Group helped to move the Main Market of the Jamaica Stock Exchange up strongly on Monday.
The upper pressure on the market indices was eased by declines $3.04 in the price of Caribbean Cement, after the company posted profit that was lower than in 2016, Jamaica Broilers and PanJam Investment that both fell $1. At the close the JSE All Jamaican Composite Index jumped 1,933.56 points to 316,535.07 and the JSE Index climbed by 1,761.69 points to 288,399.25.
1834 Investments traded 1 million units and Pulse Investments with 919,864 units to lead the volume traded.
Main and US market activities ended with moderate trading levels leading to prices of 9 securities rising, 8 falling, 10 trading firm as 27 securities changed hands, including 2 from the US market versus 28 that traded on Friday. Main market activity ended with 6,473,345 shares valued at $82,423,988 changing hands, in contrast to 5,977,622 shares valued at $168,448,904 trading on Friday.
The US market closed with Proven Investments exchanging 4,474 ordinary shares, at 22.95 US cents, and Sterling Investments trading 3,150 shares finishing at 12 US cents. The market closed with a value of US$723 leading to the JSE US Equities Index rising just 0.09 points to close at 174.18.
Market activity ended with an average of 258,934 shares valued at $3,296,960, in contrast to 221,393 shares valued at $6,238,848 on Friday. The average volume and value for the month to date amounts to 181,904 units valued at $3,455,707 and previously, 172,863 units valued at $3,477,159. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – JSE majors jump – Monday.

Volatility hits prices on JSE main market

Caribbean Cement stock price jumped $2 on Monday to close at $35.

The JSE All Jamaican Composite Index dropped by 1,137.09 points to close at 314,851.62 and the JSE Index declined by 1,036.02 points to close at 286,865.44 on Monday as nine stocks had wild movement in prices ranging from 79 cents to $2.
The US dollar market index fell 6.90 points to 161.90 as 3 securities traded in this market with a volume of 119,502 units valued at US$33,226. The US dollar market that was up sharply in the first half of the year is now trading in negative territory with the two major contributors to the big move in 2017 suffering sharp reversal in fortunes. The main market closed with 4,115,612 units valued at $48,667,070 trading.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange ended with 26 securities changing hands, as 8 advanced, 12 declined and 6 traded firm.
In the main activity Berger Paints finished at $16, with 23,483 shares, Cable & Wireless settled 2 cents higher at $1.07, with 1,295,319 shares trading, Caribbean Cement ended trading $2 higher at $35, with 393,242 stock units, Carreras traded with a loss of 20 cents at $11.20, with 540,401 units. Ciboney Group finished trading at a 52 weeks’ high after rising 2 cents to close at 27 cents, with 471,130 shares, Grace Kennedy closed 10 cents higher at $43.10, with 102,504 shares, Jamaica Broilers ended at $18.80, with 14,074 stock units, Jamaica Stock Exchange finished with a loss of 1 cent at $7, with 29,960 shares. JMMB Group settled 79 cents higher at $29.40, with 38,687 shares, Kingston Wharves traded with a loss of 99 cents at $33, with 21,845 units passing through the market, Mayberry Investments finished trading at $5.20, with 3,911 shares, NCB Financial Group closed with a loss of $1 at $103, with 34,440 shares. 1834 Investments ended at $1.30, with 20,000 stock units, PanJam Investment concluded trading with a loss of 1 cent at $41.99, with 3,890 units, Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.

Prices of securities trading for the day are those at which the last trade took place.

Main market up in moderate trading

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In a moderate trading, the main market of the Jamaica Stock Exchange closed higher on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
The US dollar market index lost points 2.75 to end at 166.34 with three securities trading, accounting for 42,934 shares with a value of US$10,110.
A total of 22 securities changed hands in the main market with trading ending with 8 securities advancing , 8 declined and 6 traded firm as 13,891,915 units, including JMMB Group 7.5% preference share with 11.4 million units traded, valued at $50,338,524, compared to 5,777,201 units valued at $107,680,730 on Friday.
Trading ended with an average of 631,451 units for an average of $2,288,115 in contrast to 262,600 units for an average of $4,894,579 on Friday. The average volume and value for the month to date amounts to 252,247 units valued at $3,304,830, previously 207,396 units at an average of $3,425,087. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Sagicor Real Estate Fund rose 80 cents to close at a 52 weeks’ high of $15.80 with moderate volume and 1834 Investment 647,311 stock units

JSE main market needs a catalyst

The Main Market of the Jamaica Stock Exchange seems to be stuck around the 320,000 points level and needs a catalyst to moving it.
NCB Financial was expected to have done so but they their full year’s results although up strongly was already baked into the price as such it never moved the market much as investors were very constrained in trading it on Friday.
In trading, 22 securities changed hands with the market indices rising moderately at the close, as 6 securities rose, 8 declined and 8 traded firm with 5,777,201 units valued at $107,680,730 trading while 2 securities traded in the US dollar market.
In the main activity, Berger Paints finished trading at $15, with 57,707 shares changing hands, Cable & Wireless closed at $1.05, with 136,005 shares, Caribbean Cement finished with a loss of $1.99 at $31.01, with 4,936 stock units trading. Carreras settled at $11.50, with 469,478 units, Grace Kennedy ended with a loss of 20 cents at $42.50, while 17,221 shares traded, Jamaica Broilers fell 40 cents to $18.50, with 53,740 stock units, Jamaica Producers ended with a loss of 60 cents at $15.20, with 4,061,507 units changing hands. Jamaica Stock Exchange fell 1 cent to $6.99, with 53,928 shares, JMMB Group finished $1 higher to end at a 52 weeks’ high of $30.50, with 58,275 stock units, Kingston Wharves traded with a loss of 10 cents at $32.50, with 70,928 units, Mayberry Investments traded at $5, with 139,224 shares. NCB Financial Group concluded trading $1.15 higher at $108, with 160,919 shares, 138 Student Living finished trading at $6, with 8,500 shares, 1834 Investments settled with a loss of 5 cents at $1.30, with 1,281 stock units, PanJam Investment finished at $43, with 2,000 units, Portland JSX ended 45 cents higher at $9.10, with 2,000 shares, Pulse Investments ended trading at $1.80, with 3,048 shares. Sagicor Group traded 2 cents higher at $38, with 226,496 units, Sagicor Real Estate Fund ended at $15, with 7,000 shares, Scotia Group concluded trading with a gain of 36 cents to $51.86, with 87,257 stock units, Seprod ended $1.99 higher at $30, with 828 units and Supreme Ventures concluded trading with a loss of 13 cents at $11.77, with 154,923 shares. In the US equity market, JMMB Group 6 percent preference share ended trading with 15,000 units $at US$1.121 and Proven Investments ordinary share traded 14,583 stock units at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.

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.

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.

JSE main market slips – Monday

Scotia Group dropped $3 to $46.

Trading on the Main and US dollar market of the Jamaica Stock Exchange ended with an almost even advance decline ratio resulting in the market indices slipping in a shortened trading session that commenced in the afternoon after the regular closing time had passed.
The volume of securities trading and the days last traded price are, Barita Investments that ended with a loss of 25 cents at $7.75, with 6,700 shares. Berger Paints concluded trading with a loss of 75 cents at $11.25, with 7,256 units, Cable & Wireless ended with a loss of 4 cents at $1, with 170,543 stocks changing hands, Carreras finished 50 cents higher at $11.50, with 464,114 units, Grace Kennedy finished $1.45 higher at $43.50, with 5,737 shares, Jamaica Broilers ended 50 cents higher at $17.50, with 39,878 stock units, Jamaica Producers concluded trading at $15, with 13,350 shares, JMMB Group finished 70 cents higher at $22.70, with 41,657 units, Kingston Properties finished at $7, with 2,000 shares, Kingston Wharves dropped $2.22 trading 18,341 shares to end at $28.51. Mayberry Investments traded with a loss of 50 cents at $4.10, with 2,138 units, NCB Financial fell 92 cents to $86.88 with 73,643 units changing hands. 1834 Investments ending at $1.40, with 93,917 stocks, PanJam Investment traded with a loss of 50 cents at $35, with 146,100 units, Portland JSX traded at $9.30, with 2,450 shares, Pulse Investments closed 9 cents higher at $1.80, with 7,701 stock units, Radio Jamaica closed at $1.12, with 49,263 units, Sagicor Group settled with a loss of 40 cents at $34, with 55,255 shares, Sagicor Real Estate Fund concluded trading 50 cents higher at $11.50, with 7,480 shares. Scotia Group dropped $3 to $46, with 44,994 stock units changing hands, Scotia Investments concluded trading 1 cents higher at $35.51, with 2,900 units, Supreme Ventures ended 9 cents higher at $11.09, with 699 shares.
In the main market preference segment, Jamaica Money Market Brokers 7.5% preference share traded at $2, with 232,000 units and JMMB Group 7.5% preference share closed at $1.19, with 503,100 shares.
In the US dollar market, Margaritaville traded just 100 units at 30 US cents, Productive Business Solution US ordinary shares lost 3 cents and closed at 62 US cents trading 750 units, Proven Investments US ordinary share closed at 23.99 US cents, after rising 1.99 US cents in exchanging 99,223 units.

570,000 Berger shares snapped up

Berger Paints traded 570,000 shares on Friday and closed at $12.

Investors snapped up more than 570,000 units of Berger Paints’ shares pushing the price to $12 at the close, as more news came to the public that Ansa Coatings is highly unlikely to get enough shares to force a delisting of the company from the Jamaica Stock Exchange based on the offer, of $10.88 per share.
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.

 

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.