Standoff for TOP 10 stocks

Berger Paints annual report had some good news for investors to digest.

The up and down nature of the markets this past week left most stocks fairly stable resulting in no new entrant to the TOP 10 list of stocks on the Jamaican Stock Exchange.
The past week got greeted by a series of company results that were not inspiring with most reporting lower profits for the first quarter this year. On a positive note, most of the results were affected by increased cost resulting from expansion ahead of full flow of new income from the expanded facilities.
Companies affected include recently listed Elite Diagnostic, Paramount Trading and Knutsford Express. Berger Paints released their annual report that was filled with some good talk of going after market share, new product lines to be added and upgrading of equipment to increase efficiency.
“The outlook for 2018 and beyond is extremely positive. The Berger brand remains strong and continues to dominate the local market with strong brand equity and a reputation for quality. With GDP projected to grow by at least 1.5% in 2018, construction activity and the demand for coatings is expected to remain relatively strong for the next two to three years. Plans are already being implemented to expand the company’s local distribution and product range as well as to improve our level of customer service and responsiveness. In 2018, there will also be greater emphasis on building out exports by targeting new markets in Central America and the Greater CARICOM region,” the Managing Director reported.
For Palace Amusement with the bid at $781 at the close of the week down to $750 the movie Black Panther continues to pull in the crowd after two months of showing and still has two showings per day in all three cinemas, the same as shows that opened during the past week.
Barita Investments rose to close the week at $9.50 as investors sucked out most of the supply under $10. Key Insurance fell to $3 as the company reported that two directors sold shares during the week, while JMMB Group gained more ground, as the block out period for insiders to trade in the stock, comes to a close, until after mid May.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market is 10 based on 2018 estimated earnings. The main market PE remains at 6.5 for the top stocks, compared to a market average of 12.3.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 47 percent to the market.

Kremi in tTech out of TOP 10 stocks

 

Caribbean Cream outlet in Kingston.

Caribbean Cream jumped into the Junior Market TOP 10 replacing tTech that reentered last week but enjoyed a bounce in price to be edged out for this week.
There was no new entrant to the main market list, even as that market recorded three days of record close during the shortened week. Market activity in the main market is pointing to a big break out for stock prices while the Junior Market is flexing to rise having hit a one year low in early December last year.
The most notable change was the $250 fall in the price of Palace Amusement down to $750 from $1,000 last week even as the big money making movie Black Panther continues to draw large crowds after nearly two months of showing and seems set to ensure that revenues and profit for the year to June is the highest by far in the company’s history.
Berger Paints made gains and Barita Investments slipped in price and swapped the top two positions by the end of the week. In the Junior Market, Jamaican Teas moved up to $5.30 from $4.75 at the end of the prior week but still sits in at number 4 on the list.
Caribbean Cream recorded strong revenues gain in the year to February but enjoyed lower profit up to November as input cost rose negated the revenues rise. A major part of the input cost well sharply in price since peaking in 2017 and should help restore gross profit margin going forward. This is one to be watched going forward along with Radio Jamaica where reports are that advertising picked up nicely for the March quarter, from a slow December quarter and may be pointing to improvement for 2018 onwards, with increasing economic activity taking place, leading to increased sales and profits for many of the advertisers.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market is 10 based on 2018 estimated earnings. The main market PE is 6.5 for the top stocks compared to a market average of 12.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 47 percent to the market.

Wisynco corners 79% of JSE main market – Monday

Wisynco, producers of Wata..

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

More stocks prices fall than rise – Tuesday

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NCB traded 2 million shares on Tuesday.

The prices of more stocks fell on Tuesday than rising, but the Jamaica Stock Exchange ended with moderate gains in the two major indices.
At the close, the all Jamaican Composite Index rose 503.78 points to 321,663.25 and the JSE Index climbed 459 points to 293,071.59.
Trading closed with 28 securities changing hands, down from 26 on Monday, leading to 10 advancing, 13 declining and 5 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Berger Paints rising $1.50 to $17.95, Caribbean Cement that settled $1.36 higher at $33.56, Grace Kennedy gaining $1 to end at $51, NCB Financial Group rising $1 to $99, Salada Foods declining $1.33 to $10.72 and Scotia Group with a fall of $2 to $52.
Main market activity ended with 5,286,653 units valued at $240,796,595 compared to 6,657,188 units valued at $155,508,071 changing hands on Monday. NCB Financial Group closed with 2,044,781 units representing 38.68 percent of traded shares followed by Victoria Mutual Investments with 907,199 units with 17.16 percent of shares traded and Radio Jamaica with 569,681 units for 10.78 percent of the day’s volume trading.
Trading results in an average of 195,802 shares valued at $8,918,392 for each security traded, compared to 277,383 shares valued at $6,479,503 on Monday. For the month to date an average of 576,343 units with an average value at 10,044,835 traded, compared to 604,726 units with an average value at 10,135,623 traded on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Tuesday ended with Margaritaville concluded trading at 20 US cents with 1,803 units, and the market index rising 0.03 points to close at 169.16.
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 a lower offer.
For more details of market activities see – JSE main market rise again – Tuesday.

Scotia & NCB share price drop hits JSE – Tuesday

The main market of the Jamaica Stock Exchange closed down on Tuesday after ending at a record closing high on Monday after Scotia Group and NCB Financial prices fell and helped to pull back the index.
Main market activity ended with 24 securities changing hands, with just 7 securities rising, 10 falling, 7 trading firm and closed with 9,664,260 units valued at over $708,128,861.
At the close of trading, the JSE All Jamaican Composite Index dived 1,583.39 points to 322,981.60 and the JSE Index dropped 1,442.64 points to 294,272.76.
In main market activity, Barita Investments closed at $9, with 8,729 shares, Carreras finished with a loss of 5 cents at $10.90, with 109,260 shares, Caribbean Cement settled with a loss of $2.39 at $32.61, with 9,561 shares, Grace Kennedy traded 10 cents higher at $45.60, with 2,303 stock units, Jamaica Broilers finished trading 50 cents higher at $19.50, with 6,339 units. Jamaica Stock Exchange ended with a loss of 20 cents at $6.30, with 3,200 shares, JMMB Group concluded trading at $26.50, with 258,232 shares, Kingston Wharves settled at $39.50, with 2,082 units, Mayberry Investments ended trading 15 cents higher at $5.15, with 11,043 shares. NCB Financial Group traded with a loss of $1.30 at $98.20, with 6,813,889 shares, 1834 Investments finished trading 3 cents higher at $1.18, with 31,000 shares, PanJam Investment ended 10 cents higher at $41.10, with 3,122 units, Pulse Investments finished 5 cents higher at $1.85, with 2,655 shares. Radio Jamaica settled at $1.06, with 14,401 shares, Sagicor Group ended trading with a loss of 10 cents at $36.10, with 126,997 stock units, Sagicor Real Estate Fund ended trading with a loss of 40 cents at $15.10, with 70,864 shares, Salada Foods traded at $12.05, with 25,000 units, Scotia Group finished trading with a loss of $1.50 at $55.50, with 33,156 shares. Seprod closed at $30.01, with 745 shares, Supreme Ventures concluded trading with a loss of 51 cents at $11.99, with 482,227 stock units, Victoria Mutual Investments finished with a loss of 5 cents at $4.50, with 1,464,709 units and Wisynco Group settled 5 cents higher at $10.75, with 77,913 shares. In the main market preference segment, Jamaica Money Market 7.25% ended trading at $2.55, with 11,031 shares, Jamaica Money Market 7.5% traded with a loss of 5 cents at $1.90, with 95,802 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE pulls back from record – Tuesday.”

Scotia pushes JSE to record close – Monday

The Main Market of the Jamaica Stock Exchange ended trading at record close on Monday with Scotia Group climbing to $57 being the main factor behind the rally along with several others that rose.
Scotia Group rise follows the release of first quarter results showing increased profit flowing mainly from gains from sale of CrediScotia operations and major savings from reduced loan loss provision.
At the close of trading, the JSE All Jamaican Composite Index jumped 2,831.01 points to a record close of 324,564.99 and the JSE Index shot up by 2,579.37 points to 295,715.40. Trading on Friday closed with 28 securities changing hands, leading to 11 advancing, 10 declining and 6 trading firm, in the main and US dollar markets. There was a big $3 rise in Scotia Group, Barita Investments rose 90 cents to close at $9, ScotiaGroup closed with a rise of $3 to $57 & pushed the JSE a record close.

Trading resulted in only a few securities with the large price changes at the close.


Grace Kennedy gained 70 cents to $45.50 and Supreme Ventures closed with a rise of 60 cents to $12.50.
Main market activity ended with 5,874,620 units valued at over $102,596,766 changing hands, versus 6,404,825 units valued at $87,957,828 on Friday. Wisynco Group closed with 1,470,306 units accounting for 25.03 percent of the day’s trades with 1,362,000 units and 21.27 percent of shares traded, followed by Jamaica Broilers with 976,153 shares with 14.9 percent of traded shares and Victoria Mutual Investments with 640,453 units for 10.9 percent of volume traded on Monday.
Trading results in an average of 267,028 shares valued at 4,663,489 for each security traded, compared to 237,216 shares valued at 3,257,697 on Friday. For the month to date an average of 747,070 units with an average value at $10,075,319 traded, compared to 796,886 units with an average value at $10,718,888 traded on the previous trading day.In contrast, February closed with average of 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market ended with Proven Investments concluded trading with a rise of 0.10 cents at 22 US cents with 2,900 units changing hands and JMMB Group 6% USD preference shares close with 900 units trading resulting in 3,800 units valued at $1,524, as the market index rose 2.47 points to close at 167.86.
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 with a lower offer.

For more details of market activities see – JSE erases October record close – Monday.

$2,800 per share for Palace Amusement!

Palace Amusement seems set to be a big surprise as the stock could exceed $2,000 this year with enormous success that Black Panther is forging.
At the close on Friday the bid had moved up to $730 and should be heading higher based on the good fortune being enjoyed with the Black Panther movie. IC Insider.com projects big rise in revenues for the current quarter a sizable jump in profit as well to levels never before seen by this company. Profit for the year to June should be well into the $100 per share range as the company increase showings of the extremely popular movie but is still booked out into the future. Cable & Wireless should be the number one choice for main market TOP 10 stocks based on a nearly $2 billion reduction in interest cost this year resulting from the fall in local interest rates and increasing revenues. But uncertainty lies about continued listing on the Jamaica Stock Exchange in a year when the company is likely to see significant profit for the first time in nearly a decade.
The number one remains with Barita Investments on the basis that management will start to seriously extract the benefits of the assets that it manages. Despite the fall in profits in the December quarter for Berger Paints, from slightly lower  revenues compared to 2016, the stock is still expected to benefit from improving demand for paints as economic improvements take deeper root.
Caribbean Cement continues to struggle to break out of the $35 region but investors may have to wait until around mid-April just ahead of the first quarter results to witness a break out. Grace Kennedy results when the prior year’s one off gain from sale of investment is factored out showed continued progress in increasing profit. The stock has become scarce and seems headed for the over $50 range.
The PE ratio of the TOP 10 is 6.6 times 2018 earnings compared to 12 currently for the main market and an expected 20 by March 2019, this means these stocks have lots of room to grow.

JSE rise on reduced volume on Wednesday

Main Market activity on the Jamaica Stock Exchange remained elevated on Wednesday, ending trading on with 5,402,156 units valued at $66,110,510 changing hands versus 8,204,593 units valued at $155,870,781 on Tuesday.
Main Market of the Jamaica Stock Exchange Market activity ended with 27 securities traded ending with 11 securities rising, 8 falling, 8 trading firm. The JSE All Jamaican Composite Index climbed 1,154.95 points to 321,207.65 and the JSE Index advanced by 1,052.29 points to 292,656.49.
In the main market activity, Barita Investments closed with a loss of 70 cents at $7, with 20,270 shares, Berger Paints ended $1.50 higher at $20, with 71,216 stock units, Cable & Wireless concluded trading with a loss of 4 cents at $1.21, with 109,384 units, Carreras finished at $10.95, with 54,081 shares, Caribbean Cement settled $1 higher at $36, with 359,865 shares. Ciboney Group ended trading at $0.10, with 658,995 shares, Grace Kennedy traded 25 cents higher at $44.25, with 4,213 stock units, Jamaica Broilers finished trading at $18.98, with 158,864 units, Jamaica Producers closed with a loss of 40 cents at $15.10, with 5,232 shares. Jamaica Stock Exchange ended 55 cents higher at $7, with 4,150 shares, JMMB Group concluded trading $1 higher at $26, with 29,850 shares, Kingston Wharves settled with a loss of 60 cents at $42, with 46,183 units, Mayberry Investments ended trading 29 cents higher at $5.01, with 5,100 shares. NCB Financial Group traded 95 cents higher at $100, with 31,179 shares,138 Student Living ended at $5.50, with 100 shares changing hands, PanJam Investment ended at $41, with 4,880 units, Portland JSX Fund concluded trading with a loss of 22 cents at $10, with 2,000 shares, Radio Jamaica settled with a loss of 1 cent at $1.09, with 45,953 shares. Sagicor Group ended trading 50 cents higher at $37.50, with 68,614 stock units, Sagicor Real Estate Fund ended trading at $16, after hitting an intraday all-time high of $17, with 24,139 shares trading. Salada Foods traded $1 higher at $11.50, with 50,000 units, Scotia Group finished trading with a loss of $1 at $52, with 39,787 shares, Sterling Investments ended at $13, with 3,240 shares. Supreme Ventures concluded trading at $11.95, with 21,100 stock units, Victoria Mutual Investments finished 7 cents higher at $4.46, with 247,305 units, Wisynco Group settled $1.19 higher at $11.49, with 3,266,124 shares and In the main market preference segment, JMMB Group closed a 52 weeks’ low of 85 cents higher after losing 15 cents, with 70,332 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “”JSE majors in month end jump – Wednesday.

Main market stocks can gain 40% in 2018

Chart of main market showing the market trading in an upward sloping channel with the market currently trading just below the upper resistance line.

Last year was a great one for Jamaican stocks but an assessment of the market suggests that 2018 could be a grand year as well with overall price gains likely to be in excess of 40 percent.
Based on projected earnings for 2018, the average PE ratio suggests that the main market stock prices should grow by 26 percent. Falling interest rates could add another 20 percent to gains during the year, bringing overall gains to be in excess of 40 percent.
Technical readings of the market have the main market heading initially to around 390,000 points or 23 percent ahead of the December close, for the all Jamaica Index, before resistance sets in. Before moving much higher, later on.
Currently, the main market is caught in a wedge and trading just below the upper end of channel that can be traced to late 2015. The wedge could hold the market in consolidation mode for a short time, a month or two, before breaking out, most likely to the upside. (See Chart of market index.)
Last year was a great one for Jamaican stocks, with 14 of the 64 ordinary shares of companies that were listed prior to the December new listings, rising 100 percent or more and 16 rising between 50 and 81 percent.
IC Insider.com projects that many of the main market heavy weights will find it tough to repeat the strong gains they enjoyed in 2017, if that is the case, their impact on the market index is likely to be less than for 2017. Another factor that could make a repeat of 2017 tough, is the movement of interest rates. Last year, Treasury bill rates fell 29 percent from 6.56 percent to 4.83 percent, that level of decline, is unlikely to happen in 2018, even as some of the decline in the latter part of 2017 is yet to be fully reflected in the prices of stocks to date and should positively affect prices in 2018. IC Insider.com is forecasting rates on 182 days Treasury bill hitting 3 percent by the end of the 2018 first quarter. New listings could help move the indices in 2018, the likely impact is unknown at this point.
There are a number of other factors at play that are set to impact the market. Increasing employment is taking place with the highest number of persons employed in the country’s history. Attendant with that is the sharp fall in unemployment from more than 16.3 percent in 2013, to just over 10 percent in 2017. The annual net employment is growing around 30,000 persons per year and that could rise as the economy gains steam. This will mean more spending and increased tax collection for government. Alpart resumption of Alumina production is a big positive for the overall economy, for increased government revenues and more demand for local goods and services, some of which are provided by listed companies. The tourism sector is enjoying strong growth, apart from increasing foreign exchange intake for the country, will have direct impact on Jamaica Producers and Sagicor X Fund. Jamaica seems to be going through a construction boom with several new buildings under construction, Caribbean Cement and Berger Paints should benefit considerably from such developments.
Lower interest rates will reduce cost for many companies and revaluation of the Jamaican dollar also means lower cost but could result in lower revenues in some cases. More listings on the stock market will result in increased fee income for JSE and brokerage houses, from increased trading volumes.
The TOP 10 stocks include a few surprises while there are others that sit just outside the top stocks that investors may still want to keep a keen eye on. Investors should be looking beyond 2018 as medium term gains beyond 2018 could be strong for stocks that will benefit from current developments long term.
The TOP 10 selection is selling well below the average PE of the Main market of the Jamaica Stock Exchange at just over 6.3 versus nearly 12 at the end of 2017. The hallmark of successful investing is buy low so one can sell high that is why the huge discount of the TOP 10 make them compelling choices. Successful investing is to work to be on top of the market so current sexy stocks are not the ones likely to be in the IC Insider.com’s list.
Barita Investments has moved more into fee based income and that is working well for them, with sharp growth, while net interest income stagnates. The prospects for continued strong growth in fee income continues with more investors seeking better returns than in the fixed interest market. The company should see a change in ownership soon and that could see a more aggressive approach to management that could optimize returns from exiting business and newer lines. Unrealized gains on investment ought to be factored into its earnings in valuing the stocks and that would boost its value considerably, the market is not paying attention.
Berger Paints is set to be a big winner with increasing sales coming from a buoyant construction sector resulting in increased profit and what IC Insider.com expects to be a healthy dose of dividend payments. It could become the next Carreras form a dividend yield standpoint but with growing profits. The company will benefit from lowering of overhead cost which was evident in 2017.
Jamaica Broilers continues to grow organically and from new business being acquired. Growth will continues as the Haitian market deliver greater returns form a growing market while the poultry demand in Jamaica continues to grow.
Caribbean Cement will benefit from lower operating cost, increased sales and a planned cut in financing of the lease which is said will cut hundreds of millions of dollars out of it cost that could come close to $2 per share per annum.
Palace Amusement Company, currently enjoying sell out cinemas with block busters hit is one of those unusual choices. It enjoys minimal trading but it could surprise on the upside if all goes well. Growth in the economy and increased employment will help to boost patronage going forward and will aid in profit growth as well.
JMMB Group put out outstanding Q3 results with a 39 percent increase in profit and strong gains in revenues, auguring well for 2019 outcome.

JMMB Group Q3 profit jumped 39% in 2018

The growth potential remains strong and investors in the stock will reap rich rewards down the road. Just one stock that requires patience. By the way Fees and commission income jumped an impressive 71 percent to $512 million in the quarter and 53 percent in the nine months, over the similar period in 2016 and should continue to do so going forward.
Radio Jamaica continues to disappoint with below expected revenues and profit. It could return to favour but needs to generate more income from advertising. This is one to accumulate for a payoff down the road.
The other three stocks, Sterling Investments, Grace Kennedy and Sagicor Group are undervalued and could deliver some decent returns to patient investors.
Below the TOP 10 are strong candidates to deliver decent returns this year and beyond, the list includes NCB Financial that is on a strong growth trajectory and recently listed Wisynco Group that should generate earnings around $1.10 for the 2019 fiscal year that starts in July.

Kingston Wharves jumps $5.55 to new high

Kingston Wharves jumped $5.55 to a record close on Tuesday.

Kingston Wharves closed at a new record high at the close of trading on Tuesday the Jamaica Stock Exchange with the price jumping sharply by $5.55 to $42.60, with 7,763 shares changing hands, the move helped the main market indices to close by more than 1,300 points at the close.
Market activity closed with 29 securities changing hands, as the prices 8 rose 13 declined and 8 traded unchanged. The JSE All Jamaican Composite Index surged 1,439.19 points to 317,974.26 and the JSE Index jumped 1,311.26 points to 289,710.51. This was the second consecutive day with strong gains in the indices.
The number of securities trading on the main market of rose on Tuesday but the value of shares traded dropped to low levels, leading to 5,490,162 shares valued at just $27,746,053 changing hands.
In the main market activity, Barita Investments ended 94 cents higher at $8.45, with 250 stock units, Berger Paints closed with a loss of 1 cent at $18, with 39,984 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.33, with 854 units, Carreras finished at $10.95, with 320,871 shares, Caribbean Cement settled 1 cent higher at $30.02, with 4,701 shares. Ciboney Group ended trading with a loss of 1 cent at 39 cents, with 970,762 shares, Grace Kennedy traded 40 cents higher at $43, with 3,269 stock units, Jamaica Broilers finished trading 20 cents higher at $18.20, with 6,457 units, Jamaica Producers closed 10 cents higher at $15.60, with 41,029 units. Jamaica Stock Exchange ended at $6.50, with 45,523 shares, JMMB Group concluded trading with a loss of 48 cents at $24.52, with 28,228 stock units, Mayberry Investments ended trading 5 cents higher at $5.15, with 1,950 shares. NCB Financial Group traded with a loss of 95 cents at $99, with 25,065 units, 1834 Investments finished trading at $1.20, with 2,314,148 shares, PanJam Investment ended $1.85 higher at $41.85, with 3,000 units, Pulse Investments finished at $1.80, with 6,387 shares. Radio Jamaica settled at $1.05, with 523,807 shares, Sagicor Group ended trading with a loss of 50 cents at $35.50, with 31,921 stock units, Sagicor Real Estate Fund ended trading with a loss of 1 cent at $14.85, with 17,600 shares. Salada Foods traded with a loss of $1.49 at $10.51, with 200 units, Scotia Group finished trading with a loss of $1 at $52, with 71,580 shares. Seprod closed with a loss of 40 cents at $29.60, with 195 shares, Sterling Investments ended at $9, with 4,750 shares, Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 5,795 stock units, Victoria Mutual Investments finished trading at $4.15, with 160,956 units. Wisynco Group settled at $10.75, with 802,550 shares and in the main market preference segment, JMMB Group 7.5% lost 1 cent to close at $1.03 with 567 shares and Proven Investments settled with a loss of 85 cents at $5.05, with 50,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Tuesday.”