Big jump in JSE indices on Wednesday

The main market of the Jamaica Stock Exchange indices rose sharply at the close on Wednesday with the All Jamaica Composite Index advanced 3,380.75 points to close at 260,956.07, the JSE Market Index rose 3,080.24 points to 237,760.54 and the JSE US dollar market index gained 0.89 points to close at 189.89.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 14 stocks advancing and 4 declining. The main market ended with 2,974,171 units valued at $46,072,557 changing hands compared to 2,850,716 units valued at $31,654,846 at the close on Tuesday. Trading in the US dollar market accounted for 123,899 units valued at US$30,025 bringing the total of all trades to J$49,915,700.
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 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 123,924 units valued at $1,919,690 for each security traded compared to an average of 105,582 units valued at $1,172,402. The average volume and value for the month to date ended at 116,886 units with an average value of $2,509,606 compared with an average of 116,472 units with an average value of $2,430,947 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 32 cents to close at $16 trading 10,359 shares, Cable and Wireless closed at $1.02, gaining 12 cents with 602,580 stock units swapping owners, Caribbean Cement traded $2.95 higher to close at $27.75 exchanging 723,700 shares after the company reported improved second quarter resilts, Carreras slid to $91.55, with a loss of $18.45 trading 2,525 units as this stock is now suffering from limited supply and with wholesale buying not at the higher level, Grace Kennedy closed at $41.99, with gains of 99 cents exchanging 78,085 shares. Jamaica Broilers closed at $18.50 by gaining 49 cents, with 111,591 shares trading, Jamaica Producers gained 10 cents, closing at $14.60 with 28,049 shares traded. Jamaica Stock Exchange lost 6 cents to close at $6.43 exchanging 4,032 shares, JMMB Group gained 50 cents, closing at $19.50, with 10,219 shares changing hands, Kingston Wharves traded $2.50 higher to $32.50, with 150,382 shares switching owners. Mayberry Investments closed at $4.55, with an exchange of 130,000 shares, NCB Financial Group traded $1.16 higher to $75.21, after exchanging 37,026 shares, 1834 Investments closed at $1.40 with trades of 11,205 shares, PanJam Investment closed with a loss of $2 to $31 trading 2,673 units, Proven Investments closed at $24.71 with 250,000 shares traded, Pulse Investments gained 17 cents to close at $2.49 with 34,547 shares changing owners, Radio Jamaica closed at $1.30, with gains of 5 cents trading 15,036 shares. Sagicor Group gained 50 cents, with an exchange of 26,433 shares, to close at $32, Sagicor Real Estate Fund declined 56 cents, closing at $10.64 exchanging 393,442 shares, Scotia Group gained $1.48 to close at $44.99, with trades of 2,270 shares, Seprod closed at $29.95, with gains of 20 cents exchanging 1,940 shares, Supreme Ventures traded 6,900 shares at $8, having gained 20 cents. Proven Investments US ordinary shares closed at 24 US cents trading 123,899 units, JMMB 7.5% preference share closed at $1.85, losing 15 cents exchanging 304,177 units and JMMB Group 7.5% preference share traded 37,000 units at $1.11.

 

Carreras jumps $20 to $110 record high

Carreras climbed to a 52 weeks’ high of $110 on Tuesdaay.

In modest trading on main market of the Jamaica Stock Exchange ended with more stock declining than advancing but with a big jump in the price of Carreras by nearly $20 helping to drive the indices up at the close on Tuesday. At the close, 27 securities traded in the main market with 2 trading in the US dollar market, leading to 8 stocks advancing and 15 declining.
The All Jamaica Composite Index advanced 919.07 points to close at 257,575.32, the JSE Market Index gained 837.37 points to 234,680.30 and the JSE US dollar market index declined 12.17 points to close at 189.00.
The main market ended with 2,850,716 units valued at $31,654,846 changing hands compared to 1,923,682 units valued at $19,764,112 at the close on Monday. Trading in the US dollar market accounted for 282,881 units valued at US$87,908 bringing the total of all trades to J$42,907,126.
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 2 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 105,582 units valued at $1,172,402 for each security traded compared to an average of 96,184 units valued at $988,206. The average volume and value for the month to date ended at 116,472 units with an average value of $2,430,947 compared with an average of 117,153 units with an average value of $2,509,606 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Barita Investments traded 35 cents lower to close at $6.65 with 150 units changing hands, Berger Paints closed at $15.68 trading 8,710 shares, Cable and Wireless lost 4 cents, closing at 90 cents with 937,467 stock units switching owners, Caribbean Cement closed at $24.80, losing 90 cents exchanging 49,814 shares, Carreras skyrocketed to a new high of $110, with gains of $19.75 while trading 4,920 units, Grace Kennedy closed at $41, with a loss of 50 cents exchanging 29,034 shares. Jamaica Broilers closed at $18.01, with a loss of 49 cents while trading 256,628 shares, Jamaica Producers gained 35 cents, closing at $14.50 with 36,616 shares traded. Jamaica Stock Exchange closed at $6.49 exchanging 29,850 shares, JMMB Group lost 20 cents to close at $19, with trades of 38,014 shares, Kingston Properties gained 5 cents to close at $7.20 exchanging 3,282 shares, Kingston Wharves traded $1 higher to $30, with 250 units switching owners. Mayberry Investments closed at $4.55, with an exchange of 31,000 shares, NCB Financial Group traded 87 cents lower to $74.05, after exchanging 29,557 shares, PanJam Investment closed with gains of $1 to $33, trading 8,427 units, Portland JSX exchanged 300 units at $10, Proven Investments gained 4 cents, closing at $24.71 with 261,700 shares traded, Pulse Investments fell by 17 cents to $2.32 with 54,907 shares changing owners, Radio Jamaica lost 5 cents to close at $1.25, trading 179,023 shares. Sagicor Group dropped 49 cents, with an exchange of 89,872 shares, to close at $31.50. Scotia Group lost 49 cents, closing at $43.51 with 86,085 shares trading, Scotia Investments closed with gains of 89 cents to $36.99 trading 18,000 units, Seprod lost 20 cents, closing at $29.75 trading 1,490 shares, Sterling Investments closed at $14, with a loss of 5 cents trading 570 units, Supreme Ventures traded 592,150 shares at $7.80. Proven Investments US ordinary shares lost 0.02 US cents to close at 24 US cents trading 260,398 units, Jamaica Money Market Brokers 7.5% preference share closed at $2, losing 10 cents exchanging 100,000 units and JMMB Group US 6% preference share traded 22,483 units at US$1.12.

 

JSE main indices jump sharply – Friday

NCB Financial Group jumped $2.99 on Friday helping to push indices nearly 2,000 points.

Price movements of Jamaica Stock Exchange main market stocks drove the indices up sharply at the close on Friday, with a slightly negative advance decline ratio. While declining stocks  were greater than advancing ones, big gains of $2.99 in the price of NCB Financial, 4 cents in Cable & Wireless, 50 cents in Jamaica Producers and $2.05 for Pan Jam Investment, helped in pushing the overall market value higher.
A moderate trading ended, with the All Jamaica Composite Index jumped 1,880.59 points to close at 256,031.54, the JSE Market Index climbed 1,713.43 points to 233,273.75 and the JSE US dollar market index inched higher by 0.32 points to close at 188.43.
At the close of trading, 23 securities changed hands in the main market with 2 trading in the US dollar market, leading to 10 stocks advancing and 11 declining. The main market ended with 1,934,322 units valued at $34,659,775 changing hands compared to 1,519,865 units valued at $35,445,679 at the close on Thursday. Trading in the US dollar market accounted for 40,774 units valued at US$15,747 bringing the total of all trades to J$36,681,675.
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 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 84,101 units valued at $1,506,947 for each security traded compared to an average of 58,456 units valued at $1,363,295. The average volume and value for the month to date ended at 118,550 units with an average value of $2,611,033 compared with an average of 121,011 units with an average value of $2,689,896 on the previously traded. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints lost $1 and closed at $15, trading 7,279 shares, Cable and Wireless gained 4 cents to close at 94 cents with 370,842 stock units traded, Caribbean Cement closed at $25.75, gaining 75 cents with an exchange of 116,583 shares, Carreras dropped $2.25 to close at $88, with 5,524 units changing hands, Grace Kennedy closed at $41.99, with a loss of 1 cent trading 3,636 shares. Jamaica Broilers closed at $18, gaining 50 cents while exchanging 12,940 shares, Jamaica Producers traded 70,303 shares at $14. Jamaica Stock Exchange closed 49 cents lower to $6, with 412,335 shares traded, JMMB Group exchanged 9,435 shares at $19.20, having gained 20 cents, Kingston Properties closed at $7.15 trading 12,526 units, Kingston Wharves declined $2 to close at $29 exchanging 15,846 units. NCB Financial Group jumped $2.99 to close at $75, after exchanging 45,368 shares, 1834 Investments traded 78,774 shares at $1.35, PanJam Investment closed at $32.50, gaining $2.05 with a turnover of 20,647 shares, Proven Investments added 2 cents to close at $24.67 exchanging 34,000 shares and Pulse Investments closed at $2.49, with gains of 24 cents and 34,600 shares changing owners. Sagicor Group lost 66 cents, with an exchange of 6,200 shares, to close at $31.75, Sagicor Real Estate Fund closed at $11.20, with a loss of 70 cents and 11,000 units being switching. Scotia Group traded $1 lower to $41 with 161,924 shares traded, Seprod lost 20 cents, closing at $29.75 trading 460,673 shares, Supreme Ventures fell 20 cents to $7.50, with an exchange of 24,297 shares. Proven Investments US ordinary shares gained 0.01 US cent to close at 24 US cents trading 34,000 units, Proven 8.25% preference share closed at $4.98, losing 2 cents with 9,700 units traded, Jamaica Money Market Brokers 7.5% preference share gained 5 cents to close at $2.10, with 9,890 units changing hands and JMMB Group US 6% preference share traded 6,774 units at US$1.12.

Big drop in main market index – Wednesday

Jamaica Stock Exchange faulty indices movement.

Trading levels remained low on the main market of the Jamaica Stock Exchange on Thursday, with just $40 million worth of stocks changing hands. At the close of trading, 24 securities changed hands in the main market with 3 trading in the US dollar market, leading to 7 stocks advancing and 6 declining.
The All Jamaica Composite Index declined 1,669.64 points to close at 254,226.85, the JSE Market Index declined 1,521.23 points to 231,629.47 and the JSE US dollar market index jumped 11.41 points to close at 188.43.
The main market ended with 1,667,980 units valued at $ 40,302,237 changing hands compared to 5,694,099 units valued at $160,330,278 at the close on Tuesday. Trading in the US dollar market accounted for 2,760,256 units valued at US$1,001,978, bringing the total of all trades to J$168,555,462 .
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 69,499 units valued at $1,679,260 for each security traded compared to an average of 227,764 units valued at $6,413,211. The average volume and value for the month to date ended at 125,823 units at an average value of $2,791,942 compared with an average of 130,517 units with an average value of $2,884,666 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 50 cents to close at $14.50 while exchanging 7,080 shares, Cable and Wireless closed at 94 cents, with 63,481 stock units swapping owners, Caribbean Cement gained 20 cents to close at $24.70 with an exchange of 5,915 shares, Carreras closed at $89, with 5,704 units changing hands, Grace Kennedy declined 50 cents to close at $41 trading 51,098 shares. Jamaica Broilers closed at $18 exchanging 432,020 shares, Jamaica Producers traded at $14.98 with 6,438 shares changing hands. Jamaica Stock Exchange closed at $6.10, with of 86,353 shares trading, JMMB Group lost 1 cent, closing at $19 while exchanging 56,479 shares, Kingston Properties traded 13,150 units after losing 80 cents to close at $8, Kingston Wharves closed at $30.40, with gains of 10 cents trading 200 units. Mayberry Investments exchanged 72,745 shares at $4.52, NCB Financial Group held firm at $72.50, with 51,061 shares traded, 1834 Investments added 2 cents to close at $1.35, with trades of 77,058 units, PanJam Investment closed at $33.20 with 5,285 shares changing owners, Portland JSX lost 50 cents to close at $10 trading only 450 shares, Pulse Investments closed at $2, losing 35 cents with 5,000 shares changing owners, Radio Jamaica closed at $1.38, with trades of 60,959 shares. Sagicor Group exchanged 24,933 shares at $31.50, Sagicor Real Estate Fund closed at $12, with a loss of 24 cents and 22,021 units trading. Scotia Group exchanged 525,595 shares at $41.50, Scotia Investments gained 40 cents to close at $36.40 trading 353 units, Supreme Venture held firm at $7.90, with trades of 65,108 shares. Margaritaville Turks US ordinary shares closed at 36 US cents, with gains of 0.04 US cents in trading 2,700,000 units, Proven Investments US ordinary shares closed at 24 US cents, gaining 0.01 US cents exchanging 41,430 units and JMMB Group US 6% preference share traded 18,826 units at US$1.12.

14 stocks drop on Tuesday 4 rise

Proven Investment Traded nearly 4 million units o0n Tuesday to be the most dominant stock on the JSE on Tuesday.

Trading picked up on the Jamaica Stock Exchange on Tuesday, with 5,694,099 units valued at $160,330,278 changing hands in main market trading, compared to 994,217 units valued at $13,640,909 at the close on Monday leading to a negative advance decline ratio.
At the close of trading, 25 securities changed hands in the main market with 2 trading in the US dollar market, leading to just 4 stocks advancing and 13 declining. Trading in the US dollar market accounted for 1,938,578 units valued at US$450,229, bringing the total of all trades in both markets to J$217,959,583.
The market indices slipped a bit, with the All Jamaica Composite Index declining by just 25.59 points to 255,896.49, the JSE Market Index declined 23.31 points to 233,150.70 and the JSE US dollar market index lost 4.84 points to close at 177.02.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 227,764 units valued at $6,413,211 for each security traded compared to an average of 45,192 units valued at $620,041. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 121,676 units with an average value of $2,563,889 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded $2 lower to close at $14, with an exchange of 3,842 shares, Cable and Wireless closed at 94 cents, with 20,000 stock units trading, Caribbean Cement exchanged 19,667 shares at $24.50, Carreras closed at $89, with 2,993 units changing hands while Grace Kennedy traded 44 cents lower to $41.50 with 82,361 shares. Jamaica Broilers closed at $18 exchanging 16,506 shares, Jamaica Producers gained 48 cents to close at $14.98 with 16,037 shares changing hands. Jamaica Stock Exchange closed at $6.10, losing 40 cents with trades of 10,557 shares, JMMB Group lost 24 cents, closing at $19.01 exchanging 12,633 stock units, Kingston Properties traded 2,288 units, after losing 5 cents to close at $8.80, Kingston Wharves closed at $30.30, with gains of 30 cents trading only 450 units. Mayberry Investments lost 13 cents to close at $4.52 with 1,000 units being switched, NCB Financial Group added 50 cents to close at $72.50, after exchanging 24,371 shares, 1834 Investments lost 4 cents to close at $1.33, with trades of 2,701 units
138 Student Living, closed at $4.55 trading 6,468 shares, PanJam Investment traded 71 cents lower, to $33.20 with 10,840 shares changing owners, Portland JSX closed at $10.50 trading 13,000 shares, Proven Investments gained 2 cents to close at $24.65 with 1,952,814 shares exchanged, Pulse Investments closed at $2.35, with a loss of 24 cents trading 24,559 shares, Radio Jamaica closed at $1.38, losing 12 cents with 3,536 shares changing hands. Sagicor Group traded 3,184,156 shares at $31.50, having lost 50 cents, Sagicor Real Estate Fund closed at $12.24, with a loss of $1.26 and 21,400 units trading. Scotia Group exchanged 68,270 shares at $41.50, Supreme Venture lost 5 cents to close at $7.90, with trades of 143,650 shares. Proven Investments US ordinary share closed at 22.75 US cents, losing 0.01 US cents, trading 1,928,578 units, JMMB 7.5% preference share closed at $2, with an exchange of 50,000 units and JMMB Group US 6% preference share closed US$1.12 trading 10,000 units.

JSE Main market falls Friday

Trading on the main market stocks of the Jamaica Stock Exchange picked up over Thursday’s levels but declining stocks numbered more than advancing ones leading to declines in the market indices by more than 1,300 points.
At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market, leading to 10 stocks advancing and 12 declining. The main market ended with 4,292,363 units valued at $81,728,669 changing hands compared to 1,294,238 units valued at $29,684,333 at the close on Thursday. Trading in the US dollar market accounted for 136,527 units valued at US$46,401, bringing the total of all trades to J$87,681,879.
At the end of trading, the All Jamaica Composite Index declined 1,429.83 points to close at 256,396.89, the JSE Market Index lost 1,302.74 points to 233,606.61. The JSE US dollar market index gained 0.45 to close at 173.07.
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 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 165,091 units valued at $3,143,410 for each security traded compared to an average of 56,271 units valued at $1,290,623. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 125,350 units with an average value of $2,715,480 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
The main market ended trading with an average of 56,271 units, valued at $1,290,623 for each security traded compared to an average of 115,397 units valued at $2,813,635. The average volume and value for the month to date ended at 125,350 units, with an average value of $2,715,480 compared with an average of 133,908 units with an average value of $2,893,588 on the previous trading day. June ended with an average volume of 218,951 units with an average of $3,871,959.
In market activity, Berger Paints exchanged 6,553 shares at $13.30, Cable and Wireless closed at 80 cents, losing 25 cents with 338,942 stock units switching owners, Caribbean Cement lost 90 cents to close at $24.60 trading 4,476 shares, Carreras lost 5 cents to close at $89.95, with 2,748 shares changing hands, Grace Kennedy was down 35 cents to $41.05, with trades of 6,209 sharesBroilers traded 70 cents higher, closing at $18.20, with an exchange of 2,080,661 shares, Jamaica Producers gained 75 cents to close at $14.75 with 10,986 shares changing hands. Jamaica Stock Exchange closed at $6.50, with a loss of 30 cents, trading 920 shares, JMMB Group lost 21 cents to close at $19.31 exchanging 6,645 units, Kingston Properties traded 400 units, losing 5 cents, to close at $8.80, Kingston Wharves closed at $30.40, with an exchange of 13,470 shares. NCB Financial Group dropped 50 cents to close at $71.50, after exchanging 40,147 shares, 1834 Investments traded 219,700 shares, gaining 1 cent to close at $1.37, PanJam Investment plunged $4.25 in closing at $30 while exchanging 201,188 shares, Portland JSX closed at $10.50 with 9,293 shares changing hands, Proven Investments advanced 38 cents to close at $25.01 with 115,000 shares exchanged, Pulse Investments traded 1,669 shares at $2.49, Radio Jamaica gained 5 cents to close at $1.43, with 83,042 shares switching owners. Sagicor Group added $1, closing at $32 with an exchange of 31,500 shares, Sagicor Real Estate Fund closed at $13.40, with gains of $1, trading 6,961 units. Scotia Group declined 31 cents to close at $42.09, with an exchange of 49,507 shares, Scotia Investments lost 1 cent to close at $36 trading 1,500 units, Seprod gained $1 and closed at $30 with 982,293 shares changing hands while Supreme Ventures closed at $7.95, after rising 60 cents and exchanging 75,600 shares. Proven Investments US ordinary shares closed at 22 US cents trading 118,527 units, JMMB Group US 6% preference share exchanged 18,000 units at US$1.12 and JMMB Group7.5% preference share gained 1 cent to close at $1.11, with trades of 953 units.

JSE majors rise on Monday

JSE headquarters in downtown Kingston.

The Jamaica Stock Exchange main market index recovered from the sharp fall on Monday to post some modest gains at the close of trading on Monday, but declining stocks still outnumbered advancing ones, 2 to 1 as investors continue to mark the majority of prices down on a day of modest trading.
At the close, the All Jamaica Composite Index added 411.89 points to close at 254,648.29, the JSE Market Index gained 375.28 points to 232,013.43 and the JSE US dollar market index shed 3.42 points to close at 172.23.
At the close of trading, 23 securities changed hands in the main market, with 2 trading in the US dollar market, Activity led to just 5 stocks advancing and 11 declining. The main market ended with 1,989,011 units valued at $78,337,785 changing hands compared to 3,946,660 units valued at $78,337,785 at the close on Friday. Trading in the US dollar market accounted for 132,375 units valued at US$35,402 bringing the total trade in all the markets to J$$25,045,014.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 86,479 units valued at $891,431 for each security traded compared to an average of 146,173 units valued at $2,901,399. The average volume and value for the month to date ended at 126,520 units with an average value of $2,728,168 compared with an average of 134,528 units with an average value of $3,095,516 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.In market activity, Berger Paints fell 50 cents and ended at $14.30, with an exchange of 9156 shares, Cable and Wireless closed at $1.05, with 18,310 stock units switching owners, Caribbean Cement traded $3.15 cents lower to close at $24.35 in exchanging 12,950 shares, Carreras closed at $88 with 29,518 shares changing hands,Grace Kennedy lost 98 cents to close at $41.01 trading 6,353 units. Jamaica Broilers exchanged 30,200 shares at $17.60, having lost 40 cents, Jamaica Producers closed at $14.45, with 4,500 shares trading. Jamaica Stock Exchange exchanged 7,540 shares at $6.40, JMMB Group gained 40 cents to close at $19 trading 218,160 units, Kingston Wharves closed at $29, with a loss of $1.50 exchanging 400 units, Mayberry Investments lost 9 cents to close at $4.60, with 8,000 shares changing hands. NCB Financial Group closed at $68.50, with a loss of $2 after exchanging 41,943 shares, 1834 Investments gained 4 cents to end at $1.36 with 1,220 shares traded, Portland JSX lost 1 cent to close at $10, with an exchange of 500 units, Proven Investments added 50 cents in trading 66,000 shares at $24.51, Pulse Investments lost 25 cents to close at $2.75, with 58,200 shares changing hands,Radio Jamaica traded 30 cents lower to close at $1.20 with 64,959 shares exchanged. Sagicor Group closed at $30.50, with gains of 50 cents trading 42,230 shares, Sagicor Real Estate Fund added 2 cents, closing at $12.26, with 3,684 units traded, Scotia Group closed at $42 with an exchange of 108,188 shares while Supreme Ventures closed at $7.25, after losing 25 cents with an exchange of 4,000 shares. Proven Investments US ordinary share closed at 22 US cents trading 66,000 units, Margaritaville Turks US ordinary shares traded 66,375 units at 32 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 exchanging 238,000 units and JMMB Group7.5% preference share exchanged 1,015,000 units at $1.10.

Jamaica stock market plunged on Friday

The Jamaica Stock Exchange main market had a big hit on Friday as declining stocks outnumbered advancing ones, 2 to 1 as investors marked prices of several stocks sharply down leading to a fall of more than 5,000 points in the all Jamaica composite Index.
At the close, the All Jamaica Composite Index plunged 5,207.13 points to close at 254,236.40, the JSE Market Index dived 4,744.29 points to 231,638.15 and the JSE US dollar market index gained 2.61 points to close at 175.65.
At the close of trading, 27 securities changed hands in the main market, with 1 trading in the US dollar market, and 1 in bond market. Activity led to 7 stocks advancing and 13 declining. The main market ended with 3,946,660 units valued at $78,337,785 changing hands compared to 1,498,592 units valued at $27,780,303 at the close on Thursday. Trading in the US dollar market accounted for 832,819 units valued at US$188,222 bringing the total trade in all the markets to J$320,285,532.
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 4 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 146,173 units valued at $2,901,399 for each security traded compared to an average of 59,944 units valued at $1,111,212. The average volume and value for the month to date ended at 134,528 units with an average value of $3,095,516 compared with an average of 131,617 units with an average value of $3,144,045 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints closed at $14.80, losing $1.90 in trading 2,182 shares, Cable and Wireless lost 5 cents and closed at $1.05, with 588,717 stock units switching owners, Caribbean Cement traded 30 cents lower to close at $27.50 in exchanging 2,927 shares, Carreras traded $1 lower after closing at $88 with 3,396 shares changing hands. Grace Kennedy closed at $41.99, losing 1 cent in trading 39,817 units. Jamaica Broilers exchanged 2,000 shares at $18, Jamaica Producers lost 56 cents to close at $14.45, with 12,939 shares switching owners. Jamaica Stock Exchange ended at $6.40 trading 28,978 shares, JMMB Group closed at $18.60, with a loss of 90 cents in exchanging 18,126 units, Kingston Properties traded 2,569 units at $8, Kingston Wharves closed at $30.50, with gains of 50 cents from the trading of 6,400 shares, Mayberry Investments gained 14 cents to close at $4.69, with 15,113 shares changing hands. NCB Financial Group rose 50 cents and closed at $70.50, after exchanging 6,291 shares, 1834 Investments lost 3 cents in closing at $1.32 with 14,400 shares traded, PanJam Investment gained 15 cents to close at $34.25, with 355,285 units changing hands, Portland JSX exchanged 1,000 units at $10.01, Proven Investments traded 1,387,365 shares at $24.01, Pulse Investments lost 50 cents to close at $3, with 37,114 shares changing hands, Radio Jamaica shed 10 cents lower to close at $1.50 with 100,638 shares trading. Sagicor Group closed at $30, with a loss of $3 trading 10,436 shares, Sagicor Real Estate Fund traded 1,800 units at $12.24, Scotia Group traded $1 lower, to end at $42 with an exchange of 617,719 shares, Scotia Investments traded 11,395 shares ad closed at $36.01, Sterling Investments closed at $14.05, with a loss of $1.45 and 2,000 shares changing ownership while Supreme Ventures gained 50 cents to close at $7.50 and with an exchange of 5,500 shares. Proven Investments US ordinary shares closed at 22 US cents in trading 832,819 units, JMMB 7.5% preference share gained 15 cents to close at $2 in exchanging 671,301 units, JMMB Group7.25% preference share rose 6 cents, closing at an 52 weeks’ high of $1.55, with 1,252 units changing hands and ISP Finance bond traded 207,000 units at $1.

 

Palace jumps $50 to $550 on Thursday

Palace Amusement hit a record of $550 on Thursday.

Palace Amusement stock jumped by $50 to close at an all-time high of $550, with only 143 shares trading, the big price movement would have little effect on market index. The next largest movement was Carreras with a fall of $3 as it pulled back from the record close on Wednesday.
At the close of the market, the All Jamaica Composite Index declined 192.22 points to close at 259,443.53, the JSE Market Index fell 175.13 points to 236,382.44 and the JSE US dollar market index gained 1.21 points to close at 173.04.
At the close of trading, 25 securities changed hands in the main market with 1 trading in the US dollar market, leading to 8 stocks advancing and 10 declining. The main market ended with 1,498,592 units valued at $27,780,303 changing hands compared to 5,512,413 units valued at $131,703,756 at the close on Wednesday. Trading in the US dollar market accounted for 620,750 units valued at US$137,765 bringing the total value of trading $204,533,145. In the bond market, ISP Finance bond traded 207,000 units at $1.10 each.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 59,944 units valued at $1,111,212 for each security traded compared to an average of 212,016 units valued at $5,065,529. The average volume and value for the month to date ended at 131,617 units with an average value of $3,144,045 compared with an average of 155,508 with an average value of $3,821,656 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints closed at $16.70, gaining $1.20 in trading 2,094 shares, Cable and Wireless lost 3 cents and closed at $1.10, with 143,899 stock units switching owners, Caribbean Cement traded 20 cents lower to close at $27.80 in exchanging just 194 shares, Carreras traded $3 lower to close at $89 with 34,284 shares changing hands, Grace Kennedy closed at $42, with gains of $1.50 trading 19,382 units. Jamaica Broilers exchanged 44,607 shares at $18, Jamaica Producers added 1 cent to close at $15.01, with 111,089 shares trading, Jamaica Stock Exchange lost 55 cents to close at $6.40 trading 26,463 shares, JMMB Group closed at $19.50, after gaining 50 cents in exchanging 26,717 units, Kingston Properties traded $1 lower, to close at $8, with 3,200 units changing hands, Kingston Wharves closed at $30, with a rise of $1 after the trading of 250 units, Mayberry Investments lost 5 cents to close at $4.55, with 31,464 shares changing hands. NCB Financial Group closed at $70, after exchanging 23,981 shares, 1834 Investments lost 15 cents in closing at $1.35 with 346,000 shares traded, Palace Amusement advanced $50, closing at an all-time high of $550 in exchanging only 143 units, PanJam Investment closed at $34.10, after losing 40 cents with trades of 50,200 shares, Proven Investments gained 1 cent to close at $24.01, with an exchange of 406,756 shares, Pulse Investments closed at $3.50, with 34,714 shares changing hands, Radio Jamaica traded 129 shares at $1.60. Sagicor Group lost 50 cents and closed at $33, with 32,985 shares changing hands, Sagicor Real Estate traded 17,766 units at $12.24. Salada Foods exchanged 1,128 shares at $10, Scotia Group traded 45 cents higher and closed at $43 with an exchange of 104,910 shares, Seprod traded 18,250 shares at $30 while Supreme Ventures closed at $7, with a loss of 77 cents and an exchange of 17,987 shares and Proven Investments US ordinary shares closed at 22 US cents in trading 620,750 units.

 

JSE inch up on Wednesday

Carreras climbed to a 52 weeks’ high of $92 on Wednesdaay.

Big movements in a number of main market stocks were mixed at the close of the Jamaica Stock Exchange on Tuesday, leaving the market indices with moderate gains with one stock climbing to a new high.
The All Jamaica Composite Index advanced 126.62 points to 259,635.75, the JSE Market Index gained 115.36 points to 236,557.57 and the JSE US dollar market index dropped 2.64 points to close at 171.83. At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market and one bond traded, leading to 7 stocks advancing and 13 declining. Carreras closed at a new 52 weeks’ high at the conclusion of trading. The main market ended with 5,512,413 units valued at $131,703,756 changing hands compared to 3,076,517 units valued at $75,479,037 at the close on Tuesday. Trading in the US dollar market accounted for 1,886,641 units valued at US$414,205, bringing the total value to J$184,887,663.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 212,016 units valued at $5,065,529 for each security traded, compared to an average of 133,762 units valued at $3,281,697. The average volume and value for the month to date ended at 155,508 units with an average value of $3,821,656 compared with an average of 127,255 units with an average of $3,199,719 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints closed at $15.50, losing $1, trading 3,486 shares, Cable and Wireless gained 3 cents and closed at $1.13, with 70,616 stock units switching owners, Carreras jumped $1.99 higher, in closing at a 52 weeks’ high of $92 with 84,094 shares changing hands, Grace Kennedy closed at $40.50, with a loss of $1.50, trading 24,428 units. Jamaica Broilers gained 30 cents, closing at $18, with an exchange of 137,347 shares, Jamaica Producers closed at $15, losing 70 cents with 6,700 shares trading. Jamaica Stock Exchange lost 15 cents to close at $6.95, trading 46,311 shares, JMMB Group closed at $19, with a loss of $1 exchanging 9,377 units, Kingston Properties traded 95 cents lower to close at $9, with 4,000 units changing hands, Kingston Wharves closed at $29, losing 50 cents while trading 5,165 shares, Mayberry Investments closed at $4.60, with 3,000 shares changing hands. NCB Financial Group climbed $1.45 to close at $70, after exchanging 768,259 shares, 1834 Investments added 15 cents, in closing at $1.50 with 30,292 shares traded, PanJam Investment closed at $34.50, losing 70 cents with trades of 18,348 shares, Proven Investments lost 1 cent to close at $24 exchanging 2,439,750 shares, Pulse Investments closed at $3.50, with a loss of 85 cents and 22,500 shares changing hands, Radio Jamaica traded 86,675 shares at $1.60. Sagicor Group closed at $33.50, with gains of 40 cents trading 28,638 shares, Sagicor Real Estate gained 14 cents to close at $12.24 exchanging 1,015 units. Scotia Group traded $2.45 lower, closing at $42.55 with an exchange of 10,927 shares, Scotia Investments closed at $36.01, losing $1.99 with 42,553 shares changing hands, Seprod traded 29,647 shares at $30 while Supreme Ventures closed at $7.77, with an exchange of 73,630 shares. Margaritaville Turks US ordinary share closed at 32 US cents, with trades of 34,800 units, Proven Investments US ordinary share closed at 22 US cents trading 1,833,841 units, JMMB Group 7.5% preference share lost 1 cent, closing at $1.10 with 1,309,213 units exchanged and JMMB 7.5% preference share closed at $1.85, with 171,442 units traded.