It’s Wisynco, Wigton, NCB & Scotia

Wisynco Group hits a new of $19.50 on Friday, up from $16.50 at the end of the prior week as supply remains light and demand picked up considerably, the stock continue on the watch list this week.
Based on full year results Wisynco trading around a PE of 20, may be considered high priced by some but with interest rates so low in the country, investors should be focusing on the more than $1.50 earnings per share expected for the new-year that starts in July. At the close on Friday, demand was building strongly at $18 and above.
Wigton Windfarm is slowly crawling its way back into the 80 cents range with the stock trading at 80 cents on a number of occasions on Friday, as selling and supplies below 80 cents eased sharply.
NCB Financial seems to be hovering around the $173 level but has a lot of appeal for many investors as they view the future positively. Last week IC Insider.com added Scotia Group as one stock that should be on everyone’s watch list with the release of second quarter results to April.

Scotia Group hiked dividend.

The banking group announced a big dividend increase that included a special dividend of $1.94. Profit performance was nothing write about but the company later reported that cost included more than $1 billion in onetime expenses as they seek to reduce cost and provide customers with a more friendly banking experience.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plans on raising more, coupled with good third quarter results continue to drive interest in the stock.
CAC 2000 reported profit for the April quarter that shows marked improvement over the previous quarter, suggesting that business is returning to more normal levels from disruption to the operations caused by major road works, in the area of the business. Elite Diagnostic pulled back to $3.85 during the past week but continues to find buying interest around $4 with the promise of earnings of more than 60 cents for the next fiscal year starting in July, that is likely to be the catalyst for more interest in the stock. Fosrich remains on the Watch List along with Lasco Financial that has seen buying interest over $5. Lasco Manufacturing posting of strong full year results with impressive fourth quarter numbers is driving new interest in the stock. Main Event posted good second quarter results with profit rising 29 percent in the quarter and promise of good 2019 results that should encourage increased investors interest. Watch.

Main Event revenues profit growing nciely.

Investors’ interest continues for the Medical Disposables with prospects for continued strong growth in its operations. Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Fontana, Honey Bun, Jamaica Producers and Sagicor Group.

JSE rise on volume surge – Friday

The Jamaica Stock Exchange main market made gains at the close of trading on Friday, but pulled back sharply after as much as 6,551.54 on the JSE All Jamaican Composite Index that touched 485,516.89 after just 11 minutes of opening.
At the close, the JSE All Jamaican Composite Index gained 1,368.67 points to 480,334.02 and the JSE Index advanced 1,243.76 points to 437,486.49.
At the close market activity, on the main and US markets, the prices of 14 securities advanced, 12 declined and 7 traded firm, as a total of 33 securities traded, compared to 29 on Thursday. Market activity ended with 96,408,959 units valued $1,106,187,077, in contrast to 39,807,927 units valued $250,698,516 on Thursday.
Wigton Windfarm led trading with 55.9 million units or 58 percent of total main market volume, Sagicor Group closed with 17.8 million shares changing hands equating to 18.5 percent of total trades, followed by Stanley Motta with 15 million stock units and 16 percent of the day’s trades. Also coming in with good volumes are Mayberry Jamaica Equities trading 2.38 million shares and Wisynco Group with 2.86 million shares.
The market closed with average of 3,213,632 units valued at over $36,872,903, in contrast to 1,531,074 shares valued at $9,642,251 on Thursday. The average volume and value for the month to date amounts to 1,430,601 shares, with a value of $13,110,955, compared to 1,268,507 shares, with a value of $10,702,650 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Barita Investments lost 60 cents and closed at $43.50, trading 4,405 shares, Berger Paints shed 50 cents to close at $18, trading 2,450 stock units, Grace Kennedy declined $1.35 while trading 226,753 stock units to end at $60.15, Jamaica Broilers finished trading of 30,077 units with a fall of $2to end at $31.50. Jamaica Producers traded 79,828 shares and lost $1.50 to close at $25, JMMB Group lost $1.60 in trading 58,706 shares to end at $38, Kingston Wharves jumped $4.99 to close at $70, trading 950 stock units, Mayberry Investments gained 25 cents, trading 38,040 shares at $8.75.  Mayberry Jamaica Equities rose 79 cents to end at $12.10, with 2,382,293 shares changing hands, NCB Financial Group rose 99 cents trading 175,511 shares to end at $173.99, PanJam Investment climbed 60 cents to conclude trading of 42,454 shares at $94. Proven Investments exchanged just 100 units and rose $1 in closing at $35, Pulse Investments lost 28 cents to close at $2.65, trading 47,375 shares, Sagicor Group traded 17,794,498 units with a rise of 40 cents to close at $48, Scotia Group climbed $2.25 to close at $52.25, with an exchange of 502,721 shares. Seprod rose $1.98 to end at $49.98, in trading 168,276 shares, Supreme Ventures lost 40 cents trading 151,529 shares to settle at $29.40 and Wisynco Group traded 2,859,714 shares and rose $1 to end at a record close of $19.50.
Trading in the US securities market resulted in 422,452 units valued at $96,845 changing hands. Market activity ended with Margaritaville Turks trading 3,869 units at 25 US cents, Proven Investments exchanging 344,925 units, rising 1 cent, in closing at 26 US cents and Sygnus Credit Investments closed with 73,658 units to end at 10 US cents. The JSE USD Equities Index declined 0.69 points to close at 189.34.

JSE major indices drop – Thursday

The Jamaica Stock Exchange main market pulled back sharply at the close of trading on Thursday, with the JSE All Jamaican Composite Index diving 3,426.77 points to 478,965.35 and the JSE Index dropping 3,114.03 points to 436,242.73.
At the close market activity, on the main and US markets, the prices of 12 securities advanced, 8 declined and 9 traded firm, as a total of 29 securities traded, compared to 37 on Wednesday. Market activity ended with 39,807,927 units valued $250,698,516, in contrast to 43,724,306 units valued at over $310,353,690 on Wednesday.
Wigton Windfarm led trading with 34.7 million units or 87 percent of total main market volume, Sagicor Group closed with 2.35 million shares changing hands equating to 6 percent of total trades, followed by Scotia Group with 1.2 million stock units and 3 percent of the day’s trades.
The market closed with average of 1,531,074 units valued $9,642,251, in contrast to 1,286,009 shares valued at $9,128,050 on Wednesday. The average volume and value for the month to date amounts to 1,268,507 shares, with a value of $10,702,650, compared to 1,246,050 shares, with a value of $10,804,762 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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.
At the close of the market, Berger Paints gained 50 cents to close at $18.50, trading 5,000 stock units, Caribbean Cement put on 90 cents to close at $79.90, with an exchange of 1,456 shares, Grace Kennedy regained the 29 cents it lost on Wednesday while trading 13,691 stock units to end at $61.50. Jamaica Broilers finished trading of 159,727 units with a fall of 25 cents to end at $33.50.,Jamaica Producers traded 2,200 shares and lost 37 cents to close at $26.50, JMMB Group gained 60 cents trading 44,117 shares at $39.60, Kingston Wharves dived $2.99 to close at $65.01, trading 8,050 stock units. Mayberry Investments fell 49 cents, ending trading 44,427 shares at $8.50, Mayberry Jamaica Equities rose 31 cents to end at $11.31, with 287,077 shares changing hands, NCB Financial Group fell 99 cents trading 146,914 shares to end at $173, PanJam Investment climbed $1.40 to conclude trading of 19,254 shares at $93.40. Scotia Group dropped $2.50 to close at $50, with an exchange of 1,190,960 shares, Seprod lost 30 cents to end at $48, in trading 32,742 shares, and Supreme Ventures rose 30 cents to settle at $29.80, trading 57,706 shares.
rading in the US securities market resulted in 35,630 units valued at over US$17,723 changing hands. Market activity ended with JMMB Group 6% preference share trading 10,000 units at $1.04 US cents, and JMMB Group 5.5% preference share finished at $2 trading 2,500 shares and Sygnus Credit Investments traded 23,130 units to end at 10 US cents. The JSE USD Equities Index rose 0.84 points to close at 190.03.

Big jump for JSE main market – Wednesday

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Wisynco ended at a new closing highon Wednesday.

The Jamaica Stock Exchange main market closed lower on Wednesday as the JSE All Jamaican Composite Index jumped 3,591.40 points to 482,392.12 and the JSE Index advanced by 3,263.64 points to 439,356.76.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 37 securities traded, compared to 39 on Tuesday. Market activity ended with 43,724,306 units valued at over $310,353,690, in contrast to 89,828,749 units valued $521,107,116 on Tuesday.
Wigton Windfarm returned to the lead position in trading with 37.9 million units or 87 percent of total main market volume, Caribbean Cement closed with 1.35 million shares changing hands equating to 3 percent of total trades, followed by PanJam Investment with 1.2 million stock units and 3 percent of the day’s trades.
The market closed with average of 1,286,009 units valued at an average of $9,128,050, in contrast to 2,566,536 units valued 14,888,775 on Tuesday. The average volume and value for the month to date amounts to 1,246,050 shares, with a value of $10,804,762, compared to 1,241,019 shares, with a value of $11,046,323 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Barita Investments lost $1 and closed at $44, with 2,412 shares traded, Caribbean Cement fell 99 cents to close at $79, with an exchange of 1,345,783 shares, Jamaica Broilers finished trading of 15,848 units with a rise of 85 cents to end at $33.75. JMMB Group shed 99 cents in trading 95,501 shares to close at $39, PanJam Investment dropped $2.49 and concluded trading of 1,204,266 shares at $92, Sagicor Group traded 29,481 units with a fall of 50 cents to close at $47.50, Salada Foods gained $1, trading just 200 stock units at $32.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod rose 50 cents to end at $48.30, in trading 135,071 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded  339,978 shares and rose 45 cents to end at a record close of $18.50.
Trading in the US securities market resulted in 116,915 units valued $63,417 changing hands. Market activity ended with JMMB Group 6% preference share trading 47,500 units with a loss of 1 cents at $1.04 US cents, Proven Investments traded 44,620 units in closing at 25 US cents and Sygnus Credit Investments traded 24,795 units to end at 10 US cents. The JSE USD Equities Index fell 1.32 points to close at 189.19.

Trading rises on JSE main market – Tuesday

Wisynco ended at an alltime closing high of $18.05.

The Jamaica Stock Exchange main market closed lower on Tuesday as the JSE All Jamaican Composite Index dropped 2,126.46 points to 478,800.72 and the JSE Index declined 1,932.39 points to close at 436,093.12.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 39 securities traded, compared to 37 on Monday. Market activity ended with 89,828,749 units valued $521,107,116, in contrast to 27,845,140 units valued $326,983,633 on Monday.
Kingston Properties led trading with 64.3 million units or 71.6 percent of total main market volume, Wigton Windfarm closed with 22.35 million shares changing hands equating to 25 percent of total trades, followed by JMMB Group with 571,889 stock units and less than one percent of the day’s trades.
The market closed with average of 2,566,536 units valued 14,888,775, in contrast to 795,575 units valued $9,342,390 on Monday. The average volume and value for the month to date amounts to 1,241,019 shares, with a value of $11,046,323, compared to 1,043,601 shares, with a value of $10,377,239 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 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 one closing with a lower offer.
At the close of the market, Caribbean Cement jumped $1.79 to close at $79.99, with an exchange of 3,824 shares, Eppley climbed $1.40 and ended trading of 1,075 shares at $13.40, Grace Kennedy fell 29 cents trading 26,200 stock units to end at $61.21, Jamaica Broilers finished trading of 76,662 units with a rise of $1.01 to end at $32.90. JMMB Group rose 99 cents in trading 571,889 shares at $39.99, Kingston Properties lost 50 cents to close at $6.50, trading 64,331,400 stock units, NCB Financial Group jumped $3.75 trading 181,973 shares to end at $174. Pulse Investments rose 37 cents to close at $2.92, trading 76,602 shares, Sagicor Group traded 68,032 units with a fall of 41 cents to close at $48, Salada Foods dropped $3.70, trading just 705 stock units at $31.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod lost $2.04 to end at $47.80, in trading 108,270 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded  303,642 shares and rose $1.55 to end at a record close of $18.05.
Trading in the US securities market resulted in 205,833 units valued $61,194 changing hands. Market activity ended with Eppley 5% preference share traded 1,500 units at 98 US cents, Proven Investments traded 195,160 units and lost 1 cent in closing at 25 US cents and Sygnus Credit Investments traded 648 units to end at 10 US cents. The JSE USD Equities Index rose 0.44 points to close at 190.51.

JSE major indices rise – Monday

Wisynco traded at a new high of $20 on Monday as supply dries up.

The Jamaica Stock Exchange main market recovered some of Friday’s losses, on Monday as the JSE All Jamaican Composite Index climbed 1,684.72 points to 480,927.18 and the JSE Index advanced by 1,530.97 points to 438,025.51.
At the close of market activity, on the main and US markets, the prices of 14 securities rose, 11 declined and 12 traded firm, as a total of 37 securities traded, compared to 36 on Friday. Market activity ended with 27,845,140 units valued $326,983,633, in contrast to 104,623,709 units valued $541,856,427 on Friday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 20 million shares changing hands and 72 percent of total trades, followed by Wisynco Group with 2.33 million stock units and 8.4 percent of the day’s trades and Caribbean Cement with 1 million units for 3.7 percent of volume traded.
The market closed with average of 795,575 units valued $9,342,390, in contrast to 2,989,249 shares valued at $15,481,612 on Friday. The average volume and value for the month to date amounts to 1,043,601 shares, with a value of $10,377,239, compared to 1,309,645 shares, with a value of $13,324,556 previously. May closed with average of 2,248,261 units at an average of $12,751,529 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 4 with lower offers.
At the close of the market, Berger Paints gained $1 to close at $18, trading 1,629 stock units, Caribbean Cement jumped $5.15 to close at $78.20, with an exchange of 1,017,540 shares, Jamaica Broilers finished trading of 36,567 units with a decline of $1.11 to end at $31.89. JMMB Group lost 99 cents and concluded trading of 68,154 shares at $39, Kingston Properties gained $1 to close at $7, with 383 stock units trading, NCB Financial Group ended trading of 320,113 shares with a rise of 23 cents to end at $170.25. PanJam Investment lost 50 cents and concluded trading of 358,033 shares at $94.50, Sagicor Group traded 260,547 units and rose 41 cents to close at $48.41, Sagicor Real Estate Fund added 25 cents and finished trading with 49,992 stock units at $10.25. Seprod jumped $1.84 to end at $49.84, in trading 159,357 shares, Supreme Ventures  dropped $1.25 to settle at $29.65, trading 369,194 shares and Wisynco Group traded 2,332,253 shares and rose 50 cents to end at a record close at $16.50, after the stock hit $20 during the day, for the first time.
Trading in the US securities market resulted in 74,645 units valued $18,272 changing hands. Market activity ended with Proven Investments traded 67,775 units and closed at 26 US cents and Sygnus Credit Investments lost 1 cent in trading 6,890 units to end at 10 US cents. The JSE USD Equities Index fell 1.51 points to close at 190.07.

More watching for NCB Financial

NCB Financial Group still in strong demand.

Investors continued to push both the stocks higher in the main and Junior markets this past week as results for a number of companies encouraged increased buying.
Last week IC Insider posited that NCB Financial seems to have broken through resistance at the $150 level. The $165 region where the stock trades is also a resistance area but the strong buying at this price point, suggests it is poised to move higher, with $190 being the next point of resistance. Investors pushed the price to an all-time high of $184.85 on Thursday before it pulled back to $169 and closed the week at $170.02. A lot of focus is on this stock with the closing bid and offer suggest it is one to continuing watching. One stock that should be on every one’s watch list is Scotia Group that will release second quarter results to April this week.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plan on raising more, coupled with good third quarter results is driving new interest into the stock.

Wisynco hit a new high last week as supply of the stock dried up.

Wisynco Group posted a new high of $16.50 on Friday as supply dried up. Some selling came in towards the close, but this one is heading higher over the next few weeks as investors start to focus on the more than $1.50 earnings per share expected for the new-year that starts in July.
Elite Diagnostic is finding interest now at $4 with the take out of supply below after March quarter results send positive message about future profits. While the current year that ends in June should realize earnings of 25 cents, it is the promise of more than 60 cents for the next fiscal year that is likely to be the catalyst for more interest in the stock. During the past week, Fosrich jumped to a record high of $6.50 but pulled by the close on Friday to end at $5.20, but with an offer to sell 32,166 shares at $4.98. Lasco Financial has seen buying coming in that drove the price over $5, and could move higher this week with the promise of increased profit for the current 2020 fiscal year. Lasco Manufacturing posted strong full year results with impressive fourth quarter numbers. The company’s profit performance encouraged more buying during the past week, with 6.75 million shares trading on Friday. Investors still wanted more, with the bid closing at $3.98 versus the last traded price of $3.91. Investors may find the $8 price for the Medical Disposables stocks on offer, pricey, but the full year’s results telegraphed a powerful message about profits to come that makes the stock still attractive at this price level. Expect demand to pick up in the future for this stock as the company continues to grow attractively.

Paramont trading could surprise.

Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. At the close on Friday, the stock that traded at $2.29 has a bid of $2.10 with the offer at $2.50 and may be signaling that selling is mostly exhausted at these levels. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Jamaica Producers, Sagicor Group and Honey Bun.

JSE record run ends abrutly

Bear appeared on Friday but wont stick around too long.

The Jamaica Stock Exchange main market record run finally ended on Friday as the JSE All Jamaican Composite Index dropped 5,680.10 points to 479,242.46 and the JSE Index dived 5,161.72 points to 436,494.54.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 18 declined and 7 traded firm, as a total of 36 securities traded, compared to 35 on Thursday. Market activity ended with 104,623,709 units valued $541,856,427, in contrast to 18,955,666 units valued $147,418,895 on Thursday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 93.76 million shares changing hands and 90 percent of total trades, followed by Scotia Group with 3.45 million stock units and 3.3 percent of the day’s trades and Grace Kennedy with 2 million units for 2 percent of volume traded.
The market closed with average of 2,989,249 units valued at over $15,481,612, in contrast to 557,520 shares valued at $4,335,850 on Thursday. The average volume and value for the month to date amounts to 1,309,645 shares, with a value of $13,324,556, compared to 860,896 shares, with a value of $9,289,962 previously. May closed with average of 2,248,261 units at an average of $12,751,529 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 with lower offers.
At the close of the market, Berger Paints lost $1.33 to close at $17, trading 33,214 stock units, Caribbean Cement dropped $6.95 to close at $73.05, with an exchange of 30,135 shares, Jamaica Broilers finished trading of 8,696 units with a rise of 49 cents to end at $33. Jamaica Stock Exchange lost 80 cents to end at $19.80, with an exchange of 711,190 shares, Kingston Wharves lost $3 to settle at $68, with an exchange of 3,500 units. Mayberry Jamaican Equities exchanged 414,374 shares after sliding 45 cents to close at $11. NCB Financial Group ended trading of 441,660 shares with a rise of $1.02 to end the day at $170.02, Proven Investment fell $1 in trading 19,897 shares to close at $34, Scotia Group shed 99 cents in trading 3,449,377 units to close at $51.01. Seprod fell $1 to end at $48, in trading 320,989 shares and Supreme Ventures rose 90 cents and settled at $30.90, with 632,307 shares trading.
Trading in the US securities market resulted in 62,500 units valued at over $12,250 changing hands. Market activity ended with Proven Investments traded 62,500 units and closed with a loss of 1 cent at 26 US cents. The JSE USD Equities Index fell 2.79 points to close at 191.58.

10 unbroken JSE main market record close

NCB Financial traded at a record high of $184.85 on Thursday.

The Jamaica Stock Exchange main market ended its ninth consecutive day of trading with another record close on Thursday, as investors pushed JMMB group to a record $42.50 and NCB Financial to a record high of $184.85, before they both pulled back at the close.
The JSE All Jamaican Composite Index jumped 4,510.51 points to end at a record close of 484,922.56 and the JSE Index climbed 4,099.18 points to record close of 441,656.26.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 12 declined and 12 traded firm, as a total of 35 securities traded, compared to 33 on Wednesday. Market activity ended with 18,955,666 units valued $147,418,895, in contrast to 27,861,999 units valued $644,155,189 on Wednesday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 13.9 million shares changing hands and 73 percent of total trades, followed by JMMB Group with 919,914 stock units and 5 percent of the day’s trades and Victoria Mutual Investments with 684,263 units for 4 percent of volume traded.
The market closed with average of 557,520 units valued at over $4,335,850, in contrast to 870,687 shares valued at $20,129,850 on Wednesday. The average volume and value for the month to date amounts to 860,896 shares, with a value of $9,289,962, compared to 967,234 shares, with a value of $11,026,454 previously. May closed with average of 2,248,261 units at an average of $12,751,529 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 with lower offers.
At the close of the market, Jamaica Broilers finished trading of 16,449 units with a rise of 76 cents to end at $32.51. Jamaica Producers added 99cents to close at $27, with 15,401 shares trading, Jamaica Stock Exchange lost 65 cents to end at $19., with an exchange of 44,163 shares, JMMB Group climbed 39 cents and concluded trading with 919,914 shares at $40, Mayberry Jamaican Equities exchanged 27,963 shares after sliding 85 cents to close at $11.45. NCB Financial Group ended trading of 121,084 shares at a record high of $184.85 but fell $1 to end the day at $169, PanJam Investment fell $1.01 in trading 30,101 shares to close at $94.99. Sagicor Group lost 40 cents in trading 113,467 stock units, to end at $48, Scotia Group gained $1 in trading 105,105 units to close at $52, Seprod fell 75 cents to end at $49.20, in trading 46,911 shares and Supreme Ventures lost 50 cents and settled at $30, with 521,695 shares trading. Sygnus Credit Investments added 50 cents in traded 138,512 units in closing at $13.50.
Trading in the US securities market resulted in 21,177 units valued $2,329 changing hands. Market activity ended with Sygnus Credit Investments traded 21,177 units and closed with a loss of 1 cent at 11 US cents. The JSE USD Equities Index fell 0.06 points to close at 194.37.

9 unbroken JSE majors record close

New record high for the JSE main market.

The Jamaica Stock Exchange main market ended its ninth consecutive day with another record close on Wednesday, even as advancing stocks were outdone by losers.
The JSE All Jamaican Composite Index jumped 3,093.87 points to a new record close of 480,412.05 and the JSE Index climbed by 2,811.51 points to a record 437,557.08.
At the close of market activity, on the main and US markets, the prices of 7 securities advanced, 9 declined and 17 traded firm as a total of 33 securities traded compared to 35 on Tuesday. Market activity ended with 27,861,999 units valued $644,155,189, in contrast to 30,804,536 units valued at $160,506,295 on Tuesday.
Wigton Windfarm that continues to dominate trading since listing in late May and closed with 20 million shares and 72 percent of total trades, followed by NCB Financial Group  with 3.15 million and 11 percent of the day’s trades and Wisynco with just over 1.22 million units for 4 percent of volume traded.
The market closed with average of 870,687 units valued at over $20,129,850, in contrast to 993,695 shares valued at $5,177,622 on Tuesday. The average volume and value for the month to date amounts to 967,234 shares, with a value of $11,026,454, compared to 1,014,765 units valued $6,544,783 previously. May closed with average of 2,248,261 units at an average of $12,751,529 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 with lower offers.
At the close of the market, Jamaica Producers  added 86 cents to close at $26.01, with 148,662 shares trading, JMMB Group  climbed 61 cents and concluded trading with 88,201 shares at $39.61, NCB Financial Group  finished trading 3,145,079 shares at a record closing high of $170, after rising $2, PanJam Investment  concluded trading with 10,649 shares and rose 60 cents to end at $96. Scotia Group  traded 184,156 units and lost 50 cents, to close at $51, Seprod fell 75 cents to end at $49.20, in trading 46,911 shares and Supreme Ventures  lost 50 cents and settled at $30.50, with 815,089 shares trading.
Trading in the US securities market resulted in 154,621 units valued at over $41,350 changing hands. Market activity ended with Proven Investments closing with 154,621 units with a rise of 1 cent to 27 US cents.  The JSE USD Equities Index advanced by 2.79 points to close at 194.43.