1834 Investments

JSE takes breather from record run – Wednesday

August 8, 2018 by IC Insider.com

Mayberry Investments hit an all time high of $9 on Wednesday.

The Jamaica Stock Exchange took a break from ending at record close on Wednesday but advancing stocks just out-numbered decliners but the indices close lower.
At the close, the All Jamaican Composite Index declined by 926.88 points to 344,478.15 and the JSE Index dipped 844.49 points to close at 313,858.48.
Trading in the main market ended with 3,458,733 units valued at over $66,593,492 compared to 3,687,476 units valued at over $83,983,141, on Tuesday.
Market activities resulted in 27 securities trading including 2 in the US dollar market compared to 33 securities trading on Tuesday. At the end of trading, the prices of 11 stocks rose, 9 declined and 7 traded unchanged, including Grace Kennedy trading at an intraday high of $58 and Mayberry Investments trading at an all-time high of $9.
The day’s volume was led by, Sagicor Group with 898,949 units accounting for 25.99 percent of the main market volume, followed by 1834 Investments with 624,732 units, 18.06 percent of the day’s volume and Radio Jamaica with 498,490 units and 14.41 percent of the day’s volume.
Major price changes| Caribbean Cement jumped $2.30 to finish at $43.50, with 29,172 shares, Jamaica Broilers rose 55 cents to $25.50, with 48,642 stock units trading, JMMB Group fell $1 to end at $29.10, trading 37,485 shares. Mayberry Investments rose 29 cents to end $7.40 trading 68,254 shares, Salada Foods ended trading at $16.50, with 35,500 stock units, Scotia Group traded 351,092 units and gained $1.30 to end at $52.80, Seprod added $1 and finished trading at $33.01, with an exchange of just 277 shares and Supreme Ventures ended at $15.80, with 115,692 shares after rising by 30 cents.
Trading in the US dollar market closed with 5,754 units valued at US$5,330 as JMMB Group 6 percent preference share completed trading of 4,300 stock units and fell 1 cent to end at $1.04, Productivity Business Solution closed at 59 US cents trading 1,454 shares. The JSE USD Equities Index closed unchanged at 154.43.
Trading resulted in an average of 138,349 units valued at an average of $2,663,740 for each security traded. In contrast to 122,916 units for an average of $2,799,438 on Tuesday. For the month to date an average of 157,082 shares valued at an average of $2,241,849 versus 162,724 shares valued at an average of $2,114,773 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

AJ Index new record of 345,405 points – Tuesday

August 8, 2018 by IC Insider.com

The All Jamaican Composite Index of the Jamaica Stock Exchange traded at an intraday record high of 347,551.83 in the morning session but drifted lower to close just above 345,000 points for the second day in a row.
At the close, the All Jamaican Composite Index gained 354.82 points to end at a record close of 345,405.03 and the JSE Index advanced by 323.28 points to end at a record close of 314,702.97.
Trading in the main market ended with 3,687,476 units valued at over $83,983,141 compared to 4,818,830 units valued at $56,754,894, on Friday.
Market activities resulted in 33 securities trading including 3 in the US dollar market compared to 29 securities trading on Friday. At the end of trading, the prices of 11 stocks rose, 12 declined and 10 traded unchanged.
The day’s volume was led by, Scotia Group with 841,089 units for 22.81 percent of the main market volume, followed by Carreras with 764,451 units or 20.73 percent of the day’s volume and Radio Jamaica ended with 547,000 units and accounting for 14.83 percent of the day’s volume.
Major price changes| Berger Paints traded 8,650 shares with a gain of 74 cents to close at $20, Caribbean Cement lost 30 cents and finished at $41.20, with 171,284 shares, Grace Kennedy jumped $1.05 to close at a 52 weeks’ high of $57.05, trading with 122,139 shares, NCB Financial Group climbed $3 ended trading 45,133 shares, at $104, with 1834 Investments lost 15 cents traded at a 52 weeks’ low of 90 cents, with 18,000 shares. Mayberry Investments declined $1.14 to end $7.11 trading 24,638 shares, PanJam Investment concluded trading of 4,384 shares at $51.25, after slipping $1.30, Portland JSX climbed $1 and ended at $9, exchanging 20,000 units, Sagicor Real Estate Fund fell 50 cents to settle at $14.00, with 1,000 shares, Scotia Group traded 841,089 units and fell $1.50 to end at $51.50, Seprod lost 49 cents and finished trading at $32.01, with 2,500 shares. Sterling Investments gained 60 cents and closed at $14.10, with 13,727 shares, Supreme Ventures lost 30 cents and ended at $15.50, with 65,275 shares trading.
Trading in the US dollar market closed with 154,010 units valued at US$128,075 as JMMB Group 6% preference share completed trading of 115,000 stock units and gained 1 cent to end at $1.05, Proven Investments added 1 cent and closed at 20 US cents trading 38,800 shares and Sygnus Credit closed 10 US cents in trading 210 shares. The JSE USD Equities Index lost 0.71 points and closed at 154.43
Trading resulted in an average of 122,916 units valued at an average of $2,799,438 for each security traded. In contrast to 185,340 units for an average of $2,182,881 on Friday. For the month to date an average of 162,724 shares valued at an average of $2,114,773 versus 185,258 units traded for an average of $1,727,278 on Friday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Record 345,208 points close for AJI – Friday

August 3, 2018 by IC Insider.com

Chart showing the All Jamaica Composite Index in upward move from December 2017 and now at the highest closing level ever.

The All Jamaican Composite Index of the Jamaica Stock Exchange closed above 345,000 points for the first time ever but fell short of the record high of 345,208.15 reached in the early morning session on Thursday.
At the close, the All Jamaican Composite Index gained 980.10 points to end at a record close of 345,050.21 and the JSE Index advanced by 892.98 points to a record close at 314,379.69. The move on Friday is the fifth straight record close for the market since the previous week Friday.
Trading in the main market ended with 4,818,830 units valued at $56,754,894, compared to 4,999,824 units valued at $34,788,166 on Thursday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Thursday. At the end of trading, the prices of 9 stocks rose, 9 declined and 11 traded unchanged.
The day’s volume was led by, Jamaica Stock Exchange trading 1,993,806 shares for 41.38 percent of the day’s traded volume Mayberry Equities closed trading with 469,705 units or 9.75 percent of shares trading and Radio Jamaica ended trading with 389,089 units and accounting for 8.07 percent of the day’s volume.
Major price changes| Carreras traded 333,862 shares but lost 30 cents to close at $9, Caribbean Cement rose 49 cents and finished at $41.50, with 119,028 shares, Kingston Wharves concluded trading at $52.50, with 8,815 shares after gaining 40 cents. Mayberry Investments jumped $1.25 to a 52 weeks’ high of $8.25 trading 118,800 shares and after pulling back from $8.40 earlier in the day, PanJam Investment concluded trading of 7,340 shares at $52.55, after rising $1.55 and Scotia Group traded 349,178 units and rose 8 0 cents to end at $53.
Trading in the US dollar market closed with 40,481 units valued at US$10,641 as JMMB Group 6 percent preference share completed trading of 3,000 stock units and fell 1 cents to end at $1.04, Productive Business Solution ended trading 1,000 shares to close at 59 US cents and Proven Investments closed at 19 US cents trading 36,481 shares. The JSE USD Equities Index close unchanged at 155.14.
Trading resulted in an average of 185,340 units valued at an average of $2,182,8811 for each security traded, in contrast to 185,179 units valued at an average of $1,288,451 on Thursday. For the month to date an average of 185,258 units traded for an average of $1,727,278. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Record close for JSE – Thursday

August 2, 2018 by IC Insider.com

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The All Jamaican Composite Index of the Jamaica Stock Exchange surged to more than 345,000 points in the early morning session on Thursday but failed to hold on at that level but still managed to end at a new record close.
At the close, the All Jamaican Composite Index held on to just 119.17 points of the early gains to end at a record closing high of 344,070.11 and the JSE Index clung to 108.58 points to end at record closing high of 313,486.71.
Trading in the main market ended with 4,999,824 units valued at over $34,788,166 compared to 34,917,482 units valued at $108,176,982 on Tuesday.
Market activities resulted in 31 securities trading including 4 in the US dollar market compared to 29 securities trading on Tuesday. At the end of trading, the prices of 14 stocks rose, 8 declined and 9 traded unchanged.
The day’s volume was led by, Mayberry Investments trading 1,003,340 shares to close at $7, after it traded at an intraday 52 weeks’ high of $7.60 JMMB Group 7.5% preference share closing at $1, in trading 952,000 shares and Mayberry Equities closed trading at $8.50 with 522,731 shares trading.
Major price changes| Grace Kennedy traded at an intraday 52 weeks’ high of $56.70 but ended trading at a 52 weeks’ closing high of $56.01. Jamaica Producers rose 30 cents to $17, trading 5,988 stock units, Mayberry Equities lost 55 cents trading 522,731 shares to end at $8.60, PanJam Investment concluded trading 51,973 shares at $51, after falling $1.54, Sagicor Group shed 40 cents and settled at $38.10, with 21,574 shares trading, Scotia Group traded 13,284 units and rose $1.10 to end at $52.20 and Sterling jumped $1.50 and finished trading at $13.50, with 2,952 shares changing hands.
Trading in the US dollar market closed with 98,429 units valued at US$87,029 as JMMB Group 6 percent preference share completed trading 80,000 stock units at $1.05, Margaritaville ended trading 10,524 shares to close at 16.9 US cents and Proven Investments rose 1 cent to 19 US cents trading 5,105 shares. The JSE USD Equities Index rose 1.62 points to 155.14.
Trading resulted in an average of 185,179 units valued at an average of $1,288,451 for each security traded. In contrast to 1,342,980 units for an average of $4,160,653 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Company News Tagged With: 1834 Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Another record close for JSE stocks – Wednesday

July 11, 2018 by IC Insider.com

Bulls are prowling around Jamaican stocks.

The Jamaica Stock Exchange closed at a new record high on Wednesday for the third day in a row. During the morning session the All Jamaica Composite Index broke into the 340,000 points level for the first time in the market history rising 2,110.74 points to trade at 340,190.28 after 45 minutes of trading.
At the same time the JSE main index rose by 1,923.12 points to a record high of 309,951.76 after 45 minutes of trading in the morning session. The main market ended at a new closing high, with the All Jamaican Composite Index climbing 792.61 points to a record 338,872.15 and the JSE Index rising 722.16 points to a record 308,750.80.
Activities in the main markets resulted in 23 securities trading, compared to 30 securities trading on Tuesday. At the close, the prices of 9 stocks advanced, 16 declined and 6 closed unchanged. There was no trading in the US dollar market on Wednesday.
Trading activity on the Jamaica Stock Exchange closed with an exchange of 3,345,840 units valued $86,257,264 compared to 7,061,151 shares valued at $104,913,847 on Tuesday.
The day’s volume was led by, Carreras with 1,131,433 units 33.82 percent of the day’s volume, followed by Wisynco Group with 767,268 units accounting for 22.93 percent of the day’s volume of and NCB Financial Group with 476,698 units amounting to 14.25 percent of the volume traded.
Stocks with major price changes are, Grace Kennedy gained 98 cents to end trading at $52.50, with 7,498 shares, Jamaica Broilers shed $1 in closing at $25.00, after trading at an intraday high of $27, with 11,553 stock units, Kingston Wharves finished at $49.80, with a loss of 21 cents but traded at a 52 weeks’ high of $52 with 125,689 stock units, Mayberry Investments climbed 50 cents and settled at $7, with 51,070 units. NCB Financial Group dived $3.50 and ended trading at $94.50, with 476,698 shares, Sagicor Group fell 74 cents and settled at $38.01, with 205,457 shares traded, Salada Foods gained $1.10 to end trading at $12.01, with 23,850 stock units, Scotia Group declined by 90 cents and closed trading at $50.60, with 29,636 units and Supreme Ventures fell 50 cents to $14.50, with 200,562 shares trading.
Trading resulted in an average of 145,471 units valued at an average of $3,750,316 for each security traded. In contrast to 252,184 units for an average of $3,746,923 on Tuesday. The average volume and value for the month to date amounts 172,772 units valued at $3,149,989 compared to 175,865 units valued at $3,072,419 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

Record high for JSE main market

July 9, 2018 by IC Insider.com

At the close of the trading on Monday, the main market of the Jamaica Stock Exchange closed at a new record high, with the All Jamaican Composite Index climbing 868.61 points to a record close of 337,258.91 and the JSE Index rising 791.40 points to a record 307,280.95.
Activities in the main and US dollar markets resulted in 31 securities trading including 5 from the US dollar market, compared to 27 securities trading on Friday. At the close, the prices of 9 stocks advanced, 16 declined and 6 closed unchanged.
Trading activity on the Jamaica Stock Exchange rose strongly over Friday’s level, with an exchange of 7,903,876 units valued at $168,386,017 compared to 2,029,215 units valued at $42,587,552 on Friday.
The day’s volume was led by Carreras with 2,439,495 units and accounted for 30.86 percent of the day’s volume, followed by Wisynco Group with 1,873,893 units or 23.71 percent of the day’s volume, Scotia Group with 1,254,140 units accounting for 15.87 percent of the volume traded and JMMB Group with 1,010,243 units.
Stocks with major price changes are, Grace Kennedy climbing $1 to $54. Jamaica Broilers up $1 to end at $24, JMMB Group falling $1 to $28.50, Kingston Wharves jumping $3.45 to $50, Proven Investments fell $1.50 in the Jamaican market to$27 but is still priced well above the US dollar market listing. Salada Foods rose $1 to $11, Scotia Group jumped 88 cents to $51, Sterling Investments fell $1.50 to $10, Supreme Ventures gained $1.50 in closing at $15.60 and Sygnus Credit Investments lost 70 cents in closing at $13.01. 138 Student Living traded with a loss of 30 cents to end at a 52 weeks’ low of $4.10.
In the US dollar market, 202,559 units valued at $28,806 as JMMB Group 6% preference share ended trading at US$1.01 with 4,319 stock units, Productivity Business declined by 0.5 cent and ended at 58 US cents with 2,659 shares traded, Proven Investments lost 1 cent and closed at 17 US cents with 15,350 units changing hands, Sterling Investments ended trading at 9 US cents with 898 shares after falling 1 cent and Sygnus Credit Investments ended trading 179,000 shares after falling 1 cent to 11 US cents. The JSE USD Equities Index lost 2.81 points up to 150.39.
Trading resulted in an average of 303,995 units valued at an average of $6,476,385 for each security traded, in contrast to 92,237 units for an average of $1,935,798 on Friday. The average volume and value for the month to date amounts 163,654 units valued at $2,946,511 compared to 167,222 units valued at $2,763,542, on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE majors 300 points from record

July 6, 2018 by IC Insider.com

Jamaica Stock Exchange main market continues its slow upward climb as it eyes new highs ahead.

At the close of the trading on Friday, the All Jamaican Composite Index sits just 300 points and the JSE Index just 276 points from the record high reach on June 13, after rising over 1,200 points on Friday.
The All Jamaican Composite Index climbs 1,332.76 points to close at 336,390.30 while the JSE Index advanced by 1,214.30 points to close at 306,489.55.
Trading activity on the Jamaica Stock Exchange on Friday remained low, with an exchange of just 2,029,215 units valued at $42,587,552 compared to 4,036,088 units valued at $49,293,055 on Thursday.
Activities in the main and US dollar markets resulted in 25 securities trading including 3 from the US dollar market, compared to 27 securities trading on Thursday. At the close, the prices of 11 stocks advanced, 6 declined and 8 closed unchanged.
Thursday’s volume was led by Mayberry Investments that settled at $6.52, with 501,000 units trading, Scotia Group traded at $50.12, with 447,178 units and Sygnus Credit Investments traded 378,850 shares at $13.71.
Stocks with major price changes are, Berger Paints that rose 71 cents to $22, Grace Kennedy climbing $1.39 to $53. Jamaica Broilers lost 50 cents to end at $23, JMMB Group declined 40 cents to $29.50, Kingston Wharves lost 70 cents to end at $46.55 and Supreme ventures lost 40 cents in closing at $14.10.
In the US dollar market, 22,095 units valued at $2,546 as with Margaritaville traded 500 shares at 18 US cents, Proven Investments closed at 18 US cents with just 245 units changing hands and Sygnus Credit Investments ended trading 21,350 shares after rising 0.7 cent to 12 US cents. The JSE USD Equities Index inched 0.05 points up to 153.20.
Trading resulted in an average of 92,237 units valued at an average of $1,935,798 for each security traded. In contrast to 161,444 units for an average of $1,971,722 on Thursday. The average volume and value for the month to date amounts 167,222 units valued at $2,763,542 compared to 183,396 units valued at $2,264,736, on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Filed Under: Company News Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE main market falters on low volume

July 5, 2018 by IC Insider.com

Grace Kennedy traded at an intra-day high of $56 on Thursday.

Trading activity on the Jamaica Stock Exchange on Thursday remained low, with an exchange of 4,036,088 units valued at $49,293,055 versus 3,503,975 units valued at $50,822,952 on Wednesday.
Trading levels fell below that of the Junior Market, a rare occurrence as two companies in that market dominated trading. Activities in the main and US dollar markets resulted in 27 securities trading including 2 from the US dollar market compared to 28 securities trading on Wednesday. At the close, the prices of 13 stocks advanced, 9 declined and 5 closed unchanged.
At the close of the market, the All Jamaican Composite Index fell 169.56 points to close at 335,057.54 while the JSE Index declined by 154.49 points to 305,275.25.
Wednesday’s volume was led by Ciboney with 1,075,072 units at 10 cents, accounting for 26.6 percent of the day’s volume, followed by Jamaica Broilers traded 798,007 stock units at $23.50, Mayberry Investments settled at $6.50, with 613,468 units and Pulse Investments jumping $1 to $3, with 460,835 shares.
Stocks with major price changes are, Caribbean Cement that dropped $2.57 to $42.43, Jamaica Broilers gaining 50 cents to end at $23.50, JMMB Group gaining 90 cents to $29.90, Kingston Wharves rising 85 cents to end at $47.25, NCB Financial dropping $2.50 to $95, Sagicor Group losing 75 cents to close at $38.25. Scotia Group fell 40 cents to close at $50.10, Seprod jumped $2.25 to $35.50, Supreme ventures lost 50 cents in closing at $14.50 and Productive Business Solution rose $2 to $105. Grace Kennedy traded at an intraday high of $56 but last traded at $51.61.
In the US dollar market, 8,800 units traded valued at $1,520 as Sterling Investments ended trading 800 shares at after rising 0.8 cent to 10 US cents and Proven Investments lost 0.5 cent to 18 US cents with 8,000 units changing hands. The JSE USD Equities Index declined 2.86 points to 153.15.
Trading resulted in an average of 161,444 units valued at an average of $1,971,722 for each security traded. In contrast to 134,768 units for an average of $1,954,729 on Wednesday. The average volume and value for the month to date amounts 183,396 units valued at $2,264,736 compared to 190,523 units at a cost of $2,359,871, on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Barita Investments, Caribbean Cement, Carreras, Ciboney, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE Trading climbs sharply – Monday

July 2, 2018 by IC Insider.com

The volume traded on the Jamaica Stock Exchange declined sharply on Monday to 3,063,437 units valued at $29,501,732 compared to a much larger 16,726,086 shares valued at $358,993,001 on Friday.
Market activities in the main and US dollar markets resulted in 30 securities trading including 5 from the US dollar market. At the close, the price of just 6 stocks advanced, 13 declined and 11 closing unchanged, compared to 24 securities trading on Friday.
At the close on the Jamaica Stock Exchange on Monday, the All Jamaican Composite Index dropped 1,910.31 points to 333,653.33 while the JSE Index dived 1,740.51 points to end at 303,995.85.
Monday’s volume was led by Wisynco Group with 1,365,496 units accounting for 44.57 percent of the day’s volume, followed by Pulse Investments with 545,254 units or 17.80 percent of total volume.
Stocks with major price changes are, Carreras fell 45 cents and closed at $9.55, Mayberry Investments rose 45 cents to $6.50, NCB Financial dropped $2.70 to $95.30, PanJam Investment dropped $4.12 to close at $53.45, Pulse Investments climbed 70 cents to $2.50, Scotia Group lost 90 cents to end at $50.10 and Wisynco Group lost 73 cents and ended at $9.22.
In the US dollar market, 144,201 units traded valued at $24,829 with JMMB 5.75% preference share closed at US$2.25 trading 6,866 shares and JMMB 6% preference share $1 completed trading at $1 with 3,800 stock units, Margaritaville lost 2 cents and finished trading 18 US cents with 1,000 shares, Proven Investments traded 77,535 units and fell 2.5 cents to 17.5 cents and Sygnus Credit traded 55,000 units and closed with the price rising 1 cent to end at 12 US cents. The JSE USD Equities Index closed with a rise of just 0.04 points to 155.04.
Trading resulted in an average of 122,537 units valued at an average of $1,180,069 for each security traded, in contrast to 727,221 units valued at an average of $15,608,391 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 6 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 1834 Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE Trading climbs sharply – Friday

June 29, 2018 by IC Insider.com

Jamaica Broilers traded more half of Friday’s volume.

The volume traded on the Jamaica Stock Exchange rose sharply on Friday to 16,726,086 units valued at $358,993,001 from just 3,989,661 units valued at $65,937,392, Thursday.
The sharp increase in Friday’s volume was led by Jamaica Broilers Group with 8,778,922 units accounting for nearly 53.5 percent of the day’s volume followed by Radio Jamaica with 2,669,432 units and 15.96 percent of total volume and Carreras with 1,124,379 units and NCB Financial with 1,089,615 shares.
At the close on the Jamaica Stock Exchange on Thursday, the main market indices rose with All Jamaican Composite Index climbing 2,198.27 points at 335,563.64, while the JSE Index rose 2,002.87 points to 305,736.36. The market closed out the half year mark with an increase of just 6 percent. Palace Amusement led the stocks rising with an increase of 168% followed by Kingston Wharves with 40 percent, PanJam Investments up 29 percent with Jamaica Broilers and Caribbean Cement up 28 percent each.
Stocks with major price changes are, Caribbean Cement rose $1 to end at $41, Carreras rose 80 cents and closed at $10, Grace Kennedy rose 66 cents to $52.26, Jamaica Broilers lost 50 cents to end at $23, JMMB Group rose 60 cents to close at $29, NCB Financial jumped $1.50 to $98, Productive Business Solution preference share lost $2 in closing at $103 and Scotia Group rose 80 cents to end at $51.
Market activities in the main and US dollar markets resulted in 24 securities trading of which 12 advanced, 4 declined and 8 closing unchanged, compared to 27 securities trading on Thursday.
In the US dollar market, 156,168 units traded valued at $17,178 with Sygnus Credit being the sole stock trading in the segment with the price ending at 11 US cents. The JSE USD Equities Index closed unchanged at 155.
Trading resulted in an average of 727,221 shares valued at $15,608,391, compared to 166,236 units valued at an average of $2,747,391 for each security traded on Thursday. For the month to date, 250,168 units traded with an average value of $5,895,281 and on the previous day, 229,774 units traded with an average value of $5,182,608. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.