Trading picked up over that on Wednesday on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,009.17 points to 407,175.49 and the JSE Index declining by 918.47 points to 370,989.95.
Main market activity ended with, 4,986,769 units valued at $74,552,633, in contrast with 2,541,810 units valued at $57,485,785 on Wednesday.
The main and US markets traded a total of 31 securities, with prices of 13 rising, 9 declining with 9 remaining unchanged, compared to 34 securities trading on Wednesday.
JMMB Group 7.5% preference share led trading with 2,001,000 units for 40 percent of the day’s volume, followed by Jamaica Broilers with 1,531,165 shares and accounting for 21 percent of the total main market volume changing hands and Wisynco Group with 589,188 stock units for 12 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
An average of 184,695 units valued at $2,761,209, in contrast to 42,483 units valued at $1,358,497 on Wednesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 523,805 units valued $16,891,062. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell $1.52 to close at $49.48, with 5,691 shares changing hands, Caribbean Cement shed 95 cents to finish at $42.05, trading 15,476 shares, Jamaica Broilers dropped $3.51 in trading of 1,531,165 units, to close at $29. Jamaica Stock Exchange closed trading with 35,508 units changing hands, with a rise of 45 cents to a record close of $13.95. JMMB Group concluded trading with 12,319 shares but rose 80 cents to $32.80, Kingston Wharves lost $1.10 and settled at $68.90, with 6,557 units changing hands, 138 Student Living rose 41 cents to $3.40, in trading 1,000 units, PanJam Investment rose $1 to end at $75 with 11,974 units changing hands. Sagicor Group fell by 20 cents in trading 30,407 stock units, to close at 
$38.55, Scotia Group climbed $2.94 and finished trading of 59,319 shares at $53.99 and Seprod lose $1.41 to end at $34.92 with an exchange of 13,581 shares.
Trading in the US dollar market resulted in 10,022 units valued at US$4,728 changing hands. JMMB Group 6% preference share concluded trading with a gain of 2 cents to settle at $1.06 with 950 units, JMMB Group 5.75% preference share finished with a rise of 1 cent to $2 with 486 shares trading, JMMB Group 5.5% preference share settled ended at $2 with 486 shares and Proven Investments traded 8,100 units and rose 1 cent to close at 22 US cents. The JSE USD Equities Index was unchanged at the close at 169.42.
Robust JSE main market gain – Wednesday
Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index climbing 1,683.64 points to 408,184.66 and the JSE Index advancing by 1,532.33 points to close at 371,908.42.
Main market activity ended with just 2,541,810 units valued at $57,485,785, in contrast with 1,062,072 units valued at over $33,962,415 on Tuesday.
The main and US markets traded a total of 34 securities, with prices of 7 rising, 12 declining with 15 remaining unchanged, compared to 29 securities trading on Tuesday.
Supreme Ventures led trading with 622,892 units for 24.5 percent of the day’s volume, followed by 
Wisynco Group with 539,782 shares and accounting for 21 percent of the total main market volume changing hands and JMMB Group 7.5% preference share with 415,445 stock units for 16 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 81,994 units valued at an average of $1,854,380, in contrast to 42,483 units valued at $1,358,497 on Tuesday. The average volume and value for the month to date amounts to 523,805 units valued $16,891,062 and previously, 684,936 units valued at $22,375,029. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Barita Investments fell 40 cents to close at $51, with 158,787 shares changing hands, Jamaica Broilers fell by 49 cents in trading of 21,422 units at $32.51, Jamaica Stock Exchange closed trading with 
46,997 units changing hands with a rise of 50 cents to $13.50. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units changing hands, 138 Student Living rose 68 cents to $2.99, in trading 100 units, PanJam Investment lost $1 to end at $74 with 4,680 units changing hands. Sagicor Group fell by 25 cents trading 22,412 stock units, to close at $38.75, Scotia Group lost $1.95 and finished trading of 16,288 shares at $51.05 and Seprod lost 99 cents to end at $33.51 with an exchange of 12,894 shares.
Trading in the US dollar market resulted in 61,777 units valued at $6,450 changing hands. Margaritaville ended trading 477 shares at 24 US cents, Proven Investments traded 6,300 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 55,000 units to close at 9 US cents. The JSE USD Equities Index advanced 0.33 points to close at 169.42.
JSE trading volume drops 95% on Tuesday
The main market of the Jamaica Stock Exchange major indices roseat the close on Tuesday, but with sharply lower volume that dropped 95 percent from Monday’s levels.
Main market activity ended with just 1,062,072 units valued at over $33,962,415, in contrast with 22,820,352 units valued at $1,138,660,815 on Monday.
At the close, the All Jamaican Composite Index advanced by 335.04 points to end at 406,501.02 and the JSE Index gained 304.93 points to close at 370,376.09.
The main and US markets traded a total of 29 securities, with prices of 9 rising, 11 declining with 9 remaining unchanged, compared to 32 securities trading on Monday.
Scotia Group led trading with 216,870 units for 24 percent of the day’s volume, followed by Mayberry Jamaican Equities with 140,980 units and accounting for 22 percent of the total main market volume changing hands and Supreme Ventures with just 86,305 units for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 42,483 units valued at $1,358,497, in contrast to 786,909 shares valued at $39,264,166 on Monday. The average volume and value for the month to date amounts to 684,936 units valued at $22,375,029 and previously 952,625 units valued at $31,131,917. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Jamaica Broilers jumped $3 to finish trading of 66,896 units at $33, Jamaica Producers lost $1 to close at $22, with 12,548 shares changing hands, Jamaica Stock Exchange closed trading with 62,328 units changing hands with a rise of 35 cents to $13, JMMB Group fell 50 cents to close at $32, trading 10,248 shares. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units 
changing hands, Sagicor Group fell 99 cents trading 53,111 stock units, to close at $39, Salada Foods jumped $1.25 to $39.25 in trading 1,067 units. Scotia Group lost 97 cents and finished trading of 216,870 shares at $53 and Seprod rose $1.48 cents to end at $34.50 with an exchange of 20,208 shares.
Trading in the US dollar market resulted in 236,650 units valued at $83,993 changing hands. JMMB 5.75% preference share traded 5,000 units and lost 1 cent to end at a 52 weeks’ low of US$1.99, JMMB 6% preference share concluded trading of 52,960 units at US$1.04, Proven Investments traded 26,040 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 152,650 units to close at 9 US cents. The JSE USD Equities Index advanced 3.46 points to close at 169.09.
Heavy trading continues for JSE majors – Monday
The main market of the Jamaica Stock Exchange major indices suffered sharp lossesat the close on Monday, with the market having another day of big volume.
Main market activity ended with 22,820,352 units valued at $1,138,660,815 compared with 34,337,150 units valued at $729,254,221, on Friday.
At the close, the All Jamaican Composite Index dived 8,017.57 points to close at 406,165.98 and the JSE Index plunged 7,297.03 points to close at 370,071.16. Adjustment to the average price of NCB Financial compared to that on Friday, was the major contributing factor to the sharp correction to the indices with the JSE reported closing price being $142.81 versus $148.99 on Friday as opposed to the last traded price of $145 on both days.
The main and US markets traded a total of 32 securities, with prices of 10 rising, 11 declining with 11 remaining unchanged, compared to 33 securities trading on Friday.
Sagicor Group led trading with 5,552,292 units for 24 percent of the day’s volume, followed by Scotia Group with 4,982,116 units and accounting for 22 percent of the total main market volume changing hands, NCB Financial Group traded 3,598,470 shares and 15.8 percent of main market volume. Also trading in large volumes are, Victoria Mutual Investments with 2,402,133 units, JMMB Group exchanging 2,333,919 shares and Jamaica Stock Exchange with 1,011,290 shares changing hands.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 2 closing with lower offers. The reading is far less bullish than the reading at the close of Friday, of 15 to 2.
An average of 786,909 units valued at $39,264,166, in contrast to 1,107,650 shares valued at $23,524,330 on Friday. The average volume and value for the month to date amounts to 952,625 units valued at $31,131,917. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Barita Investments lost 30 cents in closing at $51.50, with 5,650 shares changing hands, Berger Paints gained $1 to end at $21.00, with just 136 stock units trading, Jamaica Producers rose 70 cents to 
close at $23, with 660 shares changing hands. Jamaica Stock Exchange closed trading with 1,011,290 units changing hands compared to 2,677,014 units on Friday with a decline of 35 cents to $12.65, JMMB Group fell 49 cents to close at $32.50, trading 2,333,919 shares, Proven Investments dropped $8 trading 893,487 units to close at $28. Sagicor Group rose 49 cents trading just under 5.6 million stock units, to close at $39.99, Salada Foods dropped $4 to $38 in trading 10,084 units, Scotia Group climbed $3.67 and finished trading of 4,982,116 shares at $53.97 and Seprod lost 48 cents to end at $33.02 with an exchange of 22,224 shares.
Trading in the US dollar market resulted in 840,023 units valued at $179,653 changing hands. JMMB Group 5.75% preference share traded 400 units at US$2, JMMB Group 6% preference share concluded trading of 3,040 units at US$1.04 and Proven Investments traded 836,583 units at 21 US cents The JSE USD Equities Index closed unchanged at 165.63.
Drop for JSE majors in Januray
Trading levels rose sharply on the main market of the Jamaica Stock Exchange on Thursday, with the market indices rising sharply with advancing stocks beating declining ones by 40 percent, that left the market still 1.6 percent below the 2018 close.
At the close, the All Jamaican Composite Index surged 4,736.13 points to 410,369.67 and the JSE Index climbed 4,310.50 points to 373,897.06.
Main market activity ended with 5,924,559 units valued at $242,360,666 compared to 2,161,352 units valued at $54,090,319 on Wednesday.
The main and US markets traded a total of 32 securities, with prices of 14 rising, 10 declining with 8 remaining unchanged, compared to 36 securities trading on Wednesday.
Caribbean Cement led trading with 2,041,592 units for 34.5 percent of the day’s volume, followed by Scotia Group with 1,233,769 units and accounting for 21 percent of the total main market 
volume changing hands and Sagicor Group with 761,021 units and 13 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 15 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 219,428 units valued at an average of $8,976,321 for each security traded, in contrast to 65,496 units for an average of $1,639,101 on Wednesday. The average volume and value for the month to date amounts 101,980 units valued at $3,042,494 compared to 97,161 units valued at $2,776,359, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Caribbean Cement lost $1 to close at $42.50, with 2,041,592 shares changing hands, Grace Kennedy traded 499,561 stock units and gained $1.40 to close at $59.90, Jamaica Broilers gained $1.10 to close at $30, with an exchange of 63,683 units, Jamaica Producers rose $1.20 to close at $23, with 12,015 shares changing hands. JMMB Group fell 50 cents to close at $32 trading 159,216 shares, NCB Financial Group climbed $7.90 trading 92,786 shares to end at $152.90, PanJam Investment lost 85 cents and ended at $71.15, with 153,775 units trading, 
Proven Investments traded 2,196 units with a rise of $1.50 to close at $28. Pulse Investments lost 40 cents and finished at $2.80, with an exchange of just 100 shares, Sagicor Group rose $2.55 in trading 761,021 stock units, to close at $41.05, Salada Foods jumped $4 and ended trading at an all-time high of $42, with 7,180 stock units trading. Scotia Group dropped $1.69 to end trading of 1,233,769 shares at $50.31, Seprod rose $1.12 to end at $33.12 with an exchange of 19,046 shares and Stanley Motta gained 25 cents in trading 7,000 units to close at $5.25.
Trading in the US dollar market resulted in 1,399,848 shares valued at US$319,369 changing hands. JMMB 6% preference share fell 3 cents and concluded trading of 18,207 units at $1.04, JMMB Group 5.75% preference share fell 5 cents and settled at US$2.01, trading 5,000 shares, Productivity Business traded 18,608 stock units at 59 US cents. Proven Investments traded 1,312,533 units at 21 US cents and Sygnus Credit Investments Jamaica dollar denominated shares traded 45,500 units to close at 8 US cents after rising 1 cent. The JSE USD Equities Index advanced by 1.16 points to close at 165.52.
5 days of JSE declines end – Monday
The main market of the Jamaica Stock Exchange broke the 5 consecutive days of decline on Monday, with the market indices recording modest gains as 31 securities traded compared to 33 that changed hands on Friday.
The main and US markets traded a total of 33 securities, with prices of 11 rising, 15 declining with 7 remaining unchanged, compared to 36 securities trading on Friday.
At the close, the All Jamaican Composite Index gained 706.39 points to close at 401,354.81 and the SE Index advanced 642.91 points to 365,692.36.
Market activity ended with 7,589,172 units carrying a value of $145,956,290 compared to 4,205,246 units with a value of $112,762,089 on Friday.
Portland JSX led trading with 3,180,000 units for 41.90 percent of the day’s volume, followed by Grace Kennedy with 862,758 units accounting for 11.37 percent of the volume changing hands and 1834 Investments with 682,000 units and 9 percent of the day’s volume
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 14 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 244,812 units valued at over $4,708,267 traded, in contrast to 127,432 units valued at over $3,417,033 on Friday. The average volume and value for the month to date amounts 97,469 units valued at $2,670,351 compared to 89,414 units valued at $2,552,924, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments gained 61 cents to end at $51.75, trading 46,940 stock units, Berger Paints rose 80 cents and ended trading at $19.80, with 3,071 stock units changing hands, Carreras lost 26 cents and concluded trading at $9.22, with 36,418 units, Caribbean Cement gained 20 cents and finished the trading of 678,084 shares at $41.20. Grace Kennedy lost 95 cents trading 862,758 stock units to close at $58.05, Jamaica Producers shed $1.20 and closed at $21.80, with 1,767 shares changing hands, JMMB Group rose 70 cents to close at $32.50 trading of 13,153 shares. Kingston Wharves lost $1 and settled at $69, with 15,416 units changing hands, 138 Student Living finished trading 511,594 shares with a fall of 9 cents to a 52 weeks’ closing low of $2, after falling to an all-time low of $1.60 earlier, Salada Foods dropped $2 to settle at $35, in trading of 3,900 shares. Scotia Group lost 50 cents to end trading of 24,561 
shares to close at $51.50, Seprod lost 64 cents to end at $32.35 with an exchange of 382,779 shares. Sterling Investments rose 40 cents and ended at $4, with 7,632 shares trading, Supreme Ventures rose 50 cents and concluded trading of 76,609 stock units, at $18.50 and Sygnus Credit Investments Jamaica dollar denominated shares traded 34,667 units with a fall of $1.11 to close at $10.10.
Trading in the US dollar market resulted in 113,540 shares valued US$34,627, changing hands. JMMB Group 5.75% preference share rose 6 cents and ended trading at $2.06 with 5,900 units and Proven Investments concluded trading of 107,640 units at 21 US cents. The JSE USD Equities Index declined by 1.90 points to close at 164.43.
5 days of decline for JSE stocks – Friday
The main market of the Jamaica Stock Exchange declined for the 5th consecutive day on Friday, resulted from trading in 36 securities, with prices of 14 rising, 8 declining with 14 remaining unchanged, compared to 33 securities trading on Thursday.
At the close, the All Jamaican Composite Index dropped 1,100.92 points to close at 400,648.42 and the JSE Index declined 1,001.98 points to close at 365,049.45.
Market activity ended with 4,205,246 units valued at $112,762,089 compared to 3,414,505 units valued at $114,286,621 on Thursday.
Jamaica Producers led trading with 589,831 units for 14 percent of the day’s volume, followed by JMMB Group 7.5% preference share with 505,000 units accounting for 12 percent of the volume changing hands and Jamaica Broilers with 496,872 shares and 12 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
An average of 127,432 units valued at over $3,417,033 traded, in contrast to 113,817 shares valued at $3,809,554 on Thursday. The average volume and value for the month to date amounts 89,414 units valued at $2,552,924 compared to 87,064 units valued at $2,496,458, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments fell 61 cents to end at $51.14, trading 49,847 stock units, Carreras rose 38 cents and concluded trading at $9.48, with 113,299 units, Caribbean Cement gained $1 and finished the trading of 2,150 shares at $41, Grace Kennedy gained $1 trading 106,468 stock units to close at $59. Jamaica Broilers lost 30 cents and finished trading 496,872 units, at $28.60, Jamaica Producers gained $1 and closed at $23, with 589,831 shares changing hands, Jamaica Stock Exchange rose 70 cents to finish at $12, in trading 1,230 stock units, JMMB Group concluded trading of 68,754 shares
with the fall of $1.09 to close at $32.89. 138 Student Living finished trading 431,300 shares with a fall of 6 cents to close at 52 weeks’ low of $2.09, Sagicor Group gained 69 cents to settle at $38.70, in trading of 102,778 shares, Sagicor Real Estate Fund fell 39 cents and ended trading of 10,498 shares at $10.11. Scotia Group shed $1 and ended trading of 325,741 shares to close at $52, Seprod gained 50 cents to end at $32.99 with an exchange of 71,158 shares, Supreme Ventures lost 49 cents and concluded trading with 88,060 stock units, at $18.50 and Wisynco Group climbed 65 cents and finished at $10.40, trading 74,485 units.
Trading in the US dollar market resulted in 279,385 shares valued US$60,331, changing hands. JMMB Group 6% preference share rose 2 cents and ended trading at $1.07 with 11,139 units, Margaritaville ended trading of 246,475 shares at 24 US cents and Sygnus Credit Investments rose 1 cent and concluded trading of 137,981 units at 9 US cents. The JSE USD Equities Index gained 0.64 points to close at 166.33.
More decline for JSE main market – Thursday
Main market stocks in serious test of major resistance that not likely to last.
Trading on the main and US dollar markets on the Jamaica Stock Exchange on Thursday resulted in 33 securities changing hands, with prices of 10 rising, 12 declining with 11 remaining unchanged, compared to 33 securities trading on Tuesday.
In spite of the 2 to 1 advance decline ratio, the All Jamaican Composite Index dropped 1,022.74 points to 401,749.34 and the JSE Index declined 930.83 points to close at 366,051.43.
Market activity ended with 3,414,505 units valued at $114,286,621 compared to 2,377,501 units valued at $106,372,860, changing hands, on Wednesday.
Kingston Wharves led trading with just 449,369 units for 19 percent of the day’s volume, followed by Carreras with 300,715 units accounting for 12.7 percent of the volume changing hands and NCB Financial with 296,945 shares and 12.5 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
An average of 113,817 units valued at an average of $3,809,554, in contrast to 81,983 units valued at over $3,668,030 on Wednesday. The average volume and value for the month to date amounts 87,064 units valued at $2,496,458 compared to 85,472 units valued at $2,413,525, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments rose 25 cents to end at $51.75, with the trading of 14,551 stock units, Berger Paints dropped 50 cents trading 52,219 shares, to close at $19, Grace Kennedy lost 75 cents trading 53,826 stock units to close at $58, Jamaica Broilers rose 42 cents and finished trading 10,894 units at $28.90. Jamaica Stock Exchange rose 44 cents to finish at $11.30, in trading 121,545 stock units, JMMB Group concluded trading of 43,204 shares at $32.89, with a gain of 89 cents, NCB Financial Group traded 260,549 shares and gained 40 cents in closing at $145. 138 Student Living finished trading 1,800 shares 
with a fall of 35 cents to close at 52 weeks’ low of $2.15, PanJam Investment shed 50 cents to close at $71, with 14,375 units changing hands. Proven Investments rose 50 cents trading 1,247,480 shares in the Jamaica market to close at $26.50. Sagicor Group dropped 99 cents to settle at $38.01, in trading of 22,017 shares, Scotia Group gained $1 and ended trading of 241,887 shares to close at $53, Seprod gained $1.06 to end at $32.49 with an exchange of 46,102 shares and Wisynco Group lost 35 cents and finished at $9.75, trading 823,036 units.
Trading in the US dollar market resulted in 279,385 shares valued US$60,331, changing hands. Margaritaville gained 2 cents to complete trading of 17,985 shares at 24 US cents, Proven Investments lost 1 cent in trading 260,900 shares to close at 21 US cents and Sygnus Credit Investments concluded trading of 500 units at 8 US cents. The JSE USD Equities Index declined 1.36 points to close at 165.69.
Drop for JSE main market – Monday
Trading on the Jamaica Stock Exchange on Monday, resulted in another day of decline in the two main market indices, but the volume and value of stocks trading, dropped sharply than the elvesl on Friday.
At the close, the All Jamaican Composite Index fell 1,946.42 points to close at 406,040.32 and the JSE Index declined by 1,771.50 points to 369,956.78.
The main and US dollar markets, had 33 securities changing hands, with prices of 9 rising, 15 declining with 9 remaining unchanged, compared to 30 securities trading on Friday.
Market activity ended with 4,336,558 units valued at $78,388,229 compared to 6,892,345 units valued at $205,088,843, changing hands, on Friday.
Radio Jamaica led trading with 1,783,056 units for 41 percent of the day’s volume, followed by Pulse Investments with 699,604 units accounting for 16 percent of the volume changing hands and Sagicor Real Estate Fund with 306,096 units and 7 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 18 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
An average of 144,552 units valued at over $2,612,941, in contrast to 246,155 shares valued at $7,324,602 on Friday. The average volume and value for the month to date amounts 87,049 units valued at $2,399,754 compared to 82,851 units valued at $2,383,011, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Berger Paints lost $2.50 and ended at $17.50, with the trading of 10,398 stock units, Caribbean Cement dropped $7 trading 10,398 shares, to close at $40, Grace Kennedy rose 25 cents in trading 37,686 shares at $58.75, Jamaica Producers lost 80 cents and closed at $22.20, with 57,504 shares changing hands. NCB Financial Group gained $1 trading 243,064 shares to close at $145, PanJam Investment shed 50 cents to close at $71.50, with 110,315 units changing hands. Sagicor Group fell 99
cents to settle at $39, in trading of 80,640 shares, Sagicor Real Estate Fund fell 49 cents to settle at $10.11, in trading of 80,640 shares,Scotia Group traded 124,455 shares after gaining 39 cents to close at $52.40. Seprod fell 70 cents and ended at $30.80 with an exchange of 41,125 shares and Wisynco Group lost 45 cents and concluded trading at $9.75, with 64,698 stock units changing hands.
Trading in the US dollar market resulted in 68,991 units valued at over $14,240. JMMB Group 6% preference share settled at US$1.05 with 7,627 shares trading, Proven Investments traded 52,308 stock units at 21.9 US cents and Sygnus Credit Investments rose 0.05 cent and ended at 8 US cents trading 52,308 shares. The JSE USD Equities Index advanced by 0.12 points to close at 165.97.
Barita rights issue closes in March
Barita Investments – 2018 best performing JSE stock.
Barita Investments held an Extraordinary General Meeting on January 17, 2019 and passed the Resolution to issue up to 262,280,484 ordinary shares as a Rights Issue to Stockholders and gave the power to the directors to set the other terms.
Subsequent to the meeting, the directors agreed the terms of the issue with offer opening on February 25 and closing on March 18 to shareholders on record at February 5 at a price of J$15.50 per share. Shareholders will be entitled to ten shares for every seventeen shares owned on the record date. Shares not taken up by existing shareholders will be available to other shareholders who apply for excess shares. The deadline for applications for any excess shares is March 25.
Barita’s stock has been trading in the $50 region for sometime, spurred partially by announcement of the rights issue plus other positive developments for the company, including new business.
Barita’s share was the best performing on the Jamaica Stock Exchange in 2018, with gains of 593 percent.