Caribbean Cement jumped $4 on news of a bid to acquire majority shares in TCL by Cemex.
At the close the All Jamaica Composite Index ballooned 2,488.84 points to end at 199,059.92, the JSE Market Index climbed 2,225.47 points to finish at a record closing high of 182,057.08. The JSE combined index surged 2,164.39 points to end at another record high of 193,838.30, with a gain for the year to date of 22.5 percent.
Trading ended with 36 securities changing hands, the prices of 14 stocks gained while 9 declined in the overall market, including 7 stocks rising and 2 falling, in the junior market.
At the close with 11,768,589 units valued at $284,841,323 changed hands, compared to 7,589,638 units valued at $60,202,318 changing hands on Friday. The junior market accounted for 965,067 units changing hands, valued at $4,640,109 of the stocks traded.
The average trade for the day in the main market ended at 469,718 shares compared to an average of 352,582 units traded on Friday with the average for the month to date being 369,165 units and 268,613 for December to Friday, with November ending with an average of 208,466 units. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints lost 24 cents to close at $5.10 with 4,460 shares trading, Cable & Wireless rose 4 cents in trading 28,700 units to close at 80 cents, Caribbean Cement jumped $4 in trading 97,724 shares to close at $32, Grace Kennedy dropped $1.49, ended trading with 151,174 units to close at $40. Jamaica Producers closed at $8.30 with 31,128 shares changing hands, Jamaica Stock Exchange traded 143,182 shares, to end at $5.40, JMMB Group traded 230,720 units and rose 5 cents to end at $13.65,
Kingston Wharves ended trading 46,195 shares to close at $19. Margaritaville Turks rose 2 cents and ended with 8,640,000 shares trading, to close at 24.9 US cents. National Commercial Bank gained 15 cents and ended at $49.65 with 35,484 shares trading, PANJAM Investment traded 99,553 units at $23.25, after falling $1.25, Radio Jamaica lost 10 cents in trading 22,753 units to close at $1.30, Sagicor Group gained 25 cents with 51,353 shares changing hands at $26. Scotia Group jumped $1.90 with 344,599 shares changing hands to close at $35, Scotia Investments climbed 50 cents with 2,000 units changing hands to close at $33, Supreme Ventures fell 10 cents and ended at $4.80 with 10,400 units changing hands, Proven Investments traded 60,000 shares at 18.55 US cents and JMMB Group 7.50% preference share closed with 796,887 units changing hands at $1.06.
The average trade for the day in the main market ended at 163,633 shares and 208,466 units month to date. On Tuesday, an average of 16,629 units traded and for the month to date, 253,298 units, in comparison the average for the October was 220,811 units.
The average number of shares traded, amount to 94,535 units versus 7,185 units on Tuesday.
The Jamaica Stock exchange main market indices temporarily broke the winning streak with minor declines on Tuesday with the All Jamaica Composite Index slipping 37.23 points to end at 194,885.44. The JSE Market Index lost 33.30 points to finish at a record closing high of 178,324.34.
The average trade for the day in the main market ended at 16,629 shares and 253,298 units month to date. On Monday, an average of 31,898 units traded and for the month to date, 489,966 units, in comparison the average for the October was 220,811 units.
Jamaica Producers traded 8,363 shares to end at $8.30, Jamaica Stock Exchange traded 106,532 shares and rose 1 cent to end at $5.52, Mayberry Investments traded 4,500 shares to close at $3.66. National Commercial Bank gained 5 cents and ended at $50.05 with 4,788 shares trading, PANJAM Investment traded 5,514 units at $24.50 after gaining 50 cents, Radio Jamaica lost 5 cents in trading 5,042 units to close at $1.30. Sagicor Real Estate Fund traded 12,048 units with the price rising 1 cent to $10.26 and Scotia Group rose 29 cents with 16,400 shares changing hands to close at $32. 
The Jamaica Stock exchange main market indices along with the combined index recorded another record close with the All Jamaica Composite Index rising 530.57 points to end at a new closing high of 194,922.67. The JSE Market Index gained 474.43 points to finish at a record closing high of 178,357.64. 
The average trade for the day in the main market ended at 31,898 shares and 489,966 units month to date. On Friday, an average of 1,672,696 units traded and for the month to date, 948,034 units, in comparison the average for the October was 220,811 units.
JMMB Group closed trading with a loss of 9 cents with 50,699 shares to end at $13.60, Kingston Wharves traded 6,800 shares to close at $19, Mayberry Investments traded 10,000 shares to close at $3.66. National Commercial Bank dropped $1 and ended at $50 with 7,331 shares trading. Portland JSX traded 3,984 shares after losing 5 cents to end at $11, Radio Jamaica traded 57,500 units to close at $1.35, Sagicor Group lost 48 cents with 75,180 shares changing hands to close at $25.02. Scotia Investments lost $1.50 traded 1,600 shares to close at $28.50, Seprod traded 36,172 units to close with a rise of 41 cents at $27.40 and Proven Investments made a modest gain and closed at 19.50 US cents with 51,162 shares changing hands.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
138 Student Living ordinary share traded at $5 with 60,400 units changing hands, PAN JAM Investment traded 15,925 shares to end at $24, Pulse Investments traded 25,000 shares after gaining 10 cents to end at $4, Radio Jamaica traded 130,200 units but lost 5 cents to close at $1.35, Sagicor Group had 67,480 shares changing hands to close at $25.50. Sagicor Real Estate Fund traded 2,660 units with the price falling 28 cents to $10.25. Scotia Group traded 697,692 shares to close with a gain of 15 cents at $31.71, Seprod traded 1,646,200 units to close with a rise of $1.09 at $26.99 and Supreme Ventures lost 10 cents and closed at $4.70 with 7,946,940 shares changing hands.
Trinidad Cement shares jumped sharply by 190 percent to close at $58.50 and pushed the Jamaica Stock Exchange Cross Listed Index by a massive 290 percent to 1,946.35 points up from 499.06 previously. The move also pushed the combined Index and the JSE market index to new record levels. 
The average trade for the day in the main market ended at 188,585 and 223,372 units month to date. On Wednesday, an average of 285,892 units traded and for the month to date, 258,159 units, in comparison the average for the October was 220,811 units.
Mayberry Investments traded 850,736 shares to close at $3.66 after rising 1 cent, National Commercial Bank ended at $50 with 194,061 shares trading. 138 Student Living ordinary share, traded at $5 with 46,550 units changing hands, PAN JAM Investments traded 188,115 shares to end at $24, Sagicor Group had 427,445 shares changing hands and rose 48 cents to close at $25.50, Sagicor Real Estate Fund traded 282,800 units with the price rising 28 cents to $10.53. Scotia Group traded 48,250 shares to close at $31.56, after gaining 35 cents, Supreme Ventures lost 10 cents and closed at $4.70 with 52,984 shares changing hands, JMMB Group 7.25% preference share lost 1 cent and traded at $1.07 with 1,956,000 units changing hands and Jamaica Money Market Brokers 7.50% preference share rose 1 cent and closed at $2.11 with 50,000 units changing hands.
The average trade for the day in the main market ended at 285,892 and 258,159 units month to date. On Tuesday, an average of 376,430 units traded and for the month to date, 230,425 units, in comparison the average for the October was 220,811 units.
Jamaica Producers rose 30 cents and closed at $8.50 with 2,867,200 shares changing owners. Jamaica Stock Exchange traded 78,597 shares and lost 8 cents at $5.61, JMMB Group closed trading with 42,691 shares to end with a rise of 4 cents at $13.69, Mayberry Investments traded 2,303,629 shares to close at $3.65 after falling 25 cents, National Commercial Bank gained 80 cents to end at $50 with 16,808 shares trading. Radio Jamaica traded 70,856 shares at $1.30, Sagicor Group had 144,144 shares changing hands and rose 2 cents to close at $25.02, Proven Investments ordinary share traded 20,823 units and ended at 18.56 US cents and JMMB Group 7.2% preference share traded at $1.08 with 112,697 units changing hands.
On Friday, an average of 76,063 units traded and for the month to date, 133,657 units, in comparison the average for the October was 220,811 units.
Grace Kennedy ended trading only 2,400 units at $40, Jamaica Producers rose 5 cents and closed at $8.35 with 104,473 shares switching owners. JMMB Group closed trading with 4,703 shares to end with a rise of 20 cents at $14, Kingston Wharves traded 5,632 shares to close at $18.80, National Commercial Bank gained $2.50 with 12,375 shares trading, Sagicor Group had 46,371 shares changing hands and fell 39 cents to close at $24.11. Scotia Group rose 1 cent in trading 53,000 shares to close at $31.51, Seprod dropped $1.40 in trading 9,250 shares to end at $26 Supreme Ventures traded 21,000 shares at $4.95 and Proven Investments ordinary share traded 46,750 units and ended at 19.50 US cents.
While the investment bank reported 54 cents per share for the full year to September, earnings from ongoing operations is more like 65 cents per share. Most importantly, the information that says the stock is an outstanding buy candidate, is the quality of the final quarter results, with strong growth in fee income and net interest income and less reliance on investment and foreign exchange gains. The final quarter results, suggest earnings should end up around $1.50 in 2017. 
