Big JSE main market fall – Friday

Media house, RJR traded most shares on friday

The Jamaica Stock Exchange dropped sharply on Friday as declining stocks outpaced advancing ones by a wide margin as just 5 stocks rose, 15 declined and 8 traded firm.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90. Market activities resulted in 28 securities trading, compared to 27 on Thursday, in the main and US dollar markets.
The market closed with reduced trading levels, as 7,330,113 units valued at $68,164,850 changed hands, well down from 28,791,979 units valued at $527,232,319 that traded on Thursday. The largest trades were Radio Jamaica with 2,329,526 shares for 31.8 percent of volume traded, 1834 Investments trading 2,253,420 shares accounting for 30.7 percent of the volume traded and Jamaica Broilers with 802,930 units.
Stocks with major price changes are, Grace Kennedy ended trading at $48.50, gaining 75 cents, Jamaica Broilers rose 74 cents to $20, Kingston Wharves fell $1.70 to $47, Sagicor Real Estate Fund settled with a loss of 85 cents at $13.90 and Scotia Group added $1.38 to close at $50.63.
Trading resulted in an average of 281,927 units valued at $2,621,725 compared to 1,107,384 units valued at an average of $20,278,166 for each security traded on Thursday. The average for the month to date is 335,057 shares with a value of $12,075,324, previously 338,126 shares with a value of $12,655,026. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group, 5.75% US preference share finished trading with a loss of 6 cents to US$2, with 1,000 units. The JSE USD Equities Index fell 0.98 points to close at 172.24.
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 just 2 closing with lower offers.
For more details of market activities see – More normality for JSE main market – Friday.

JSE main market index slips again – Thursday

The JSE main market slipped slightly at the close of trading on Tuesday with advancing stocks being outnumbered by a wide margin with declining prices, for the second day.
At the close, the All Jamaican Composite Index slipped 78.81 points to 325,657.17 and the JSE Index declined 71.81 points to close at 296,710.48. as 26 securities changed hands, resulting in 6 advancing, 13 declining and 7 remaining firm. Salada Foods closed trading at a new high of $15.
Market activity resulted in 28,791,979 units valued at $527,232,319 versus 13,526,719 units valued at $293,683,413 trading on Tuesday.
In market activity, Carreras rose 7 cents and finished at $10.60, with 202,080 shares, Caribbean Cement settled at $37.50, with 23,652 shares, Ciboney Group lost 1 cent and ended trading at 12 cents, with 425,941 shares, Grace Kennedy declined 75 cents to $47.75, with 32,133 stock units trading, Jamaica Broilers finished trading at $19.26, with 22,755,531 units changing hands but dropped $2.34 in the process. Jamaica Producers gave up 14 cents in closing at $16.56, with 4,000 shares, Jamaica Stock Exchange inched up by 1 cent and ended at $7.50, with 25,570 shares, JMMB Group concluded trading at $27.50 after inching down 10 cents as 959 stock units changed hands, Kingston Wharves settled at $48.70, with 3,570 units. Mayberry Investments ended trading at $6.01, falling 9 cents with 95,320 shares, NCB Financial Group traded at $95, with 342,566 shares, 1834 Investments finished trading at $1.08, with 116,281 units trading, 138 Student Living ended trading at $5.10, with 10,000 shares, PanJam Investment ended at $45.20, with 35,105 units. Pulse Investments rose 18 cents and finished at $1.78, with 50,000 shares trading, Radio Jamaica rose 1 cents and settled at $1.31, with 150,000 shares, Sagicor Group dropped $1.50 and ended trading at $36.50, with 81,902 stock units and Sagicor Real Estate Fund finished trading 25 cents higher at $14.75, with 25,793 stock units. Salada Foods traded 10 cents higher to end at a 52 weeks’ high of $15, with 13,000 units. Scotia Group fell $138 to close at $49.25, trading only 763 shares, Seprod concluded trading with a loss of $1 to end at $35, with 7,688 stock units, Supreme Ventures settled for a 40 cents loss to close at $12.60, with 3,202,706 shares, Victoria Mutual Investments fell 7 cents, ending trading at $4.10, with 77,137 shares and Wisynco Group traded at $9.80, after falling by 20 cents with 360,903 shares. In the main market preference segment, JMMB Group 7.25% ended at $2, with 25,000 shares and JMMB Group 7.5% finished with a loss of 5 cents to end at $1, as 724,379 stock units changed hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Broilers pushes JSE volume again – Thursday.”

Wisynco corners 79% of JSE main market – Monday

Wisynco, producers of Wata..

Wisynco Group traded 15,104,462 units and accounted for 79.18 percent of the day’s volume of 19,076,584 units valued at $210,708,799, in main market activity on the Jamaica Stock Exchange on Monday.
The main market closed with 27 securities changing hands and ended with 8 securities rising, 8 falling and 11 trading firm. At the end, the JSE All Jamaican Composite Index climbed 1,544.61 points to 324,039.68 and the JSE Index rose 1,407.32 points to 295,236.78.
In main market activity, Barita Investments closed 28 cents higher at $9.45, with 2,593 shares, Berger Paints ended at $17.95, with 1,100 stock units, Cable & Wireless concluded trading with a loss of 1 cent at $1.15, with 84,826 units, Carreras finished at $10.90, with 186,565 shares, Caribbean Cement settled with a loss of $1 to close at $41, with 13,331 shares. Ciboney Group ended trading at 12 cents, with 1,013,952 shares, Grace Kennedy traded with a loss of $1.50 at $48, with 11,033 stock units, Jamaica Broilers finished trading with a loss of 75 cents at $19.25, with 14,298 units, Jamaica Producers closed at $15.15, with 13,306 shares. Jamaica Stock Exchange ended 2 cents higher at $7, with 60,400 shares, JMMB Group fell $1.30 cents to $24.70, with 154,141 shares, Kingston Wharves settled at $40, with 56,687 units, Mayberry Investments ended trading with a loss of 3 cents at $6.25, with 4,338 shares. NCB Financial Group traded 50 cents higher at $99.85, with 28,618 shares, 1834 Investments finished trading at $1.15, with 32,418 shares, PanJam Investment ended at $41.65, with 18,597 units, Pulse Investments finished 10 cents higher at $1.75, with 221,312 shares. Radio Jamaica settled 4 cents higher at $1.10, with 48,935 shares, Sagicor Group finished trading $36.05 higher at $36.05, with 633,364 shares changing hands, Sagicor Real Estate Fund settled with a loss of 45 cents at $15.05, with 16,661 shares. Scotia Group traded with a loss of 42 cents at $53.05, with 175,666 units, Seprod finished trading at $33.50, with 4,692 shares, Supreme Ventures ended 49 cents higher at $11.99, with 500,720 shares. Victoria Mutual Investments concluded trading 10 cents higher at $4.50, with 659,569 stock units and Wisynco Group finished at $10.50, with 15,104,462 units. In the main market preference segment, JMMB Group 7.5% gained 8 cents and closed at $1.10, with 5,000 shares and Proven Investments settled at $5.15, with 10,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Record run falters for JSE majors – Monday.”

JSE in big rise again – Tuesday

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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

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.