Cable & Wireless leaves JSE – Thursday

April 12, 2018 by

C&W was delisted from the JSE at the end of trading on Wednesday

Cable & Wireless was delisted from trading on the Jamaica Stock Exchange at the close of the market on Wednesday, ending more than 30 years of trading after it was listed in 1988 as Telecommunication of Jamaica.
Overall trading accounted for 4,713,225 units valued at $80,181,699, compared to 22,695,573 units valued at $68,289,794 changing hands on Thursday.
The main market closed with 26 securities changing hands, the same as on Wednesday of which 14 rose, 9 declined and 3 traded firm leading to the JSE All Jamaican Composite Index dived by 1,840.39 points to 322,605.77. The JSE Index dropped 1,676.81 points to 293,930.32 on Thursday.
In market activity, Barita Investments closed at $9.50, with 5,000 shares, Berger Paints ended at $18.20, with 36,731 stock units, Carreras concluded trading with a loss of 30 cents at $10.60, with 79,983 units, Caribbean Cement finished with a loss of 18 cents at $35.50, with 46,133 shares, Ciboney Group settled with a loss of 4 cents at $0.11, with 100,000 shares. Grace Kennedy ended trading at $48, with 51,258 shares, Jamaica Broilers traded with a loss of 50 cents at $20.50, with 417,859 stock units, Jamaica Producers finished trading 1 cent higher at $15.41, with 89,331 units, Jamaica Stock Exchange closed with a loss of 47 cents at $6.50, with 87,853 shares. JMMB Group ended 98 cents higher at $27, with 44,688 shares, Kingston Properties concluded trading at $5.80, with 2,000 shares, Kingston Wharves finished with a loss of 99 cents at $39.01, with 134,108 stock units, Mayberry Investments settled with a loss of 17 cents at $6.25, with 4,650 units. NCB Financial Group ended trading at $96.52, with 87,672 shares, 1834 Investments traded with a loss of 1 cent at $1.20, with 4,318 shares, PanJam Investment closed with a loss of 1 cent at $42, with 161,331 stock units, Pulse Investments concluded trading with a loss of 17 cents at $1.53, with 149,544 shares. Radio Jamaica finished with a loss of 1 cent at $1.05, with 230,083 shares, Sagicor Group settled 5 cents higher at $37.60, with 148,536 shares, Sagicor Real Estate Fund settled with a loss of 20 cents at $15, with 47,741 shares changing hands. Scotia Group traded at $52, with 142,073 units, Seprod finished trading with a loss of 25 cents at $35.50, with 14,373 shares. Sterling Investments closed with a loss of 1 cent at $13.89, with 3,500 shares, Supreme Ventures ended with a loss of 17 cents at $11.53, with 804,931 shares, Victoria Mutual Investments concluded trading 10 cents higher at $4.10, with 139,875 stock units and Wisynco Group finished trading with a loss of 35 cents at $10.15, with 1,679,654 units trading.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE major shed 1840 points – Thursday.”

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Cable & Wireless grabs 75% of JSE trades

April 11, 2018 by

C&W traded the most shares on Wednesday with the company trying to buy up shares on the market ahead of delisting.

Cable & Wireless dominated trading for the second on Wednesday, accounting for just under 75 percent or 19 million units of the total volume traded, as the controlling interest in the company prepared for the company to exit the Jamaica Stock Exchange.
Overall trading accounted for 22,695,573 units valued at $68,289,794 down from 84,503,992 units valued at $180,560,263 that changed hands on Wednesday.
The main market closed with 26 securities changing hands, of which 14 rose, 9 declined and 3 traded firm leading to the JSE All Jamaican Composite Index recovered another 2,016.95 points to end at 324,446.16 after recovering 3,026.80 of the nearly 7,000 points lost on Tuesday. The JSE Index regained an additional 1,837.67 points to close at 295,607.13 on Wednesday on top of the 2,757.76 regained on Wednesday of the more than 6,000 points plunge on Tuesday.
In market activity, Barita Investments closed 50 cents higher at $9.50, with 36,518 shares changing hands, Berger Paints ended 47 cents higher at $18.20, with 800 stock units, Cable & Wireless concluded trading at $1.45, with 16,941,044 units, Carreras finished 40 cents higher at $10.90, with 147,796 shares, Caribbean Cement settled 15 cents higher at $35.68, with 24,015 shares. Ciboney Group ended trading 1 cent higher at $0.15, with 3,146,042 shares, Grace Kennedy traded with a loss of 96 cents at $48, with 179,515 stock units, Jamaica Broilers finished trading 99 cents higher at $21, with 34,243 units, Jamaica Producers closed with a loss of 10 cents at $15.40, with 3,000 shares. Jamaica Stock Exchange ended with a loss of 3 cents at $6.97, with 3,778 shares, JMMB Group concluded trading with a loss of 19 cents at $26.02, with 20,137 shares, Kingston Properties finished with a loss of 84 cents at a 52 weeks’ low of $5.80, with 18,273 stock units, Kingston Wharves settled $1.48 higher at $40, with 6,794 units. Mayberry Investments ended trading 42 cents higher at $6.42, with 30,170 shares, NCB Financial Group traded with a loss of 99 cents at $96.52, with 121,296 shares, 1834 Investments finished trading 2 cents higher at $1.21, with 15,000 shares, PanJam Investment ended 5 cents higher at $43, with 3,319 units. Portland JSX concluded trading at $8.50, with 1,200 shares, Pulse Investments finished with a loss of 25 cents at $1.70, with 33,958 shares, Radio Jamaica settled with a loss of 4 cents at $1.06, with 23,260 shares, Sagicor Group ended trading 19 cents higher at $37.55, with 38,333 stock units. Scotia Group finished trading $1.50 higher at $52, with 13,123 shares, Seprod closed 25 cents higher at $35.75, with 2,347 shares, Supreme Ventures concluded trading with a loss of 15 cents at $11.70, with 55,155 stock units, Victoria Mutual Investments finished with a loss of 17 cents at $4, with 589,168 units and Wisynco Group settled 15 cents higher at $10.50, with 1,207,289 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 major adds 2,000 points – Wednesday.”

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Cable & Wireless corners 95% of JSE – Tuesday

April 10, 2018 by

Parent company of C&W Jamaica now owns over 91% of the shares.

Cable & Wireless accounted for just over 95 percent or 80 million units of the total volume traded on Tuesday, as the parent company prepared for the company to exit the Jamaica Stock Exchange on April 11.
Overall trading was much higher than on Monday as 84,503,992 units valued at $180,560,263 changed hands versus 5,325,114 units valued at $49,013,253 that was exchanged, on Monday.
The main market closed with 27 securities changing hands, 13 rose, 10 declined and 4 traded firm leading to the JSE All Jamaican Composite Index recovering 3,026.80 of the near 7,000 points lost on Monday to end at 322,429.21. The JSE Index regained 2,757.76 of the more than 6,000 points plunge on Monday to close at 293,769.46.
In market activity, Barita Investments closed at $9, with 188,546 shares, Berger Paints ended 17 cents higher at $17.73, with 9,009 stock units, Cable & Wireless concluded trading 20 cents higher at $1.45, with 80,371,757 units, Carreras finished 15 cents higher at $10.50, with 1,686,921 shares, Caribbean Cement settled with a loss of 2.37 cents at $35.53, with 3,100 shares. Ciboney Group ended trading 4 cents higher at $0.14, with 303,300 shares, Grace Kennedy traded 96 cents higher at $48.96, with 3,207 stock units, Jamaica Broilers finished trading with a loss of 49 cents at $20.01, with 64,399 units, Jamaica Producers closed 11 cents higher at $15.50, with 30,710 shares. Jamaica Stock Exchange ended 3 cents higher at $7, with 8,500 shares, JMMB Group concluded trading 21 cents higher at $26.21, with 100,691 shares, Kingston Wharves settled 2 cents higher at $38.52, with 100 units, Mayberry Investments ended trading with a loss of 42 cents at $6, with 15,000 shares. NCB Financial Group traded with a loss of 49 cents at $97.51, with 2,411 shares, 1834 Investments finished trading at $1.19, with 8,341 shares, PanJam Investment ended with a loss of 5 cents at $42.95, with 7,280 units, Portland JSX concluded trading at $8.50, with 152,700 shares. Pulse Investments finished 35 cents higher at $1.95, with 34,000 shares, Radio Jamaica settled 1 cent higher at $1.10, with 214,060 shares, Sagicor Group ended trading with a loss of 15 cents at $37.36, with 67,657 stock units, Sagicor Real Estate Fund ended trading with a loss of 10 cents at $15.20, with 32,190 shares, Scotia Group finished trading with a loss of 1.50 cents at $50.50, with 544,473 shares. Seprod closed at $35.50, with 29,572 shares, Supreme Ventures concluded trading with a loss of 4 cents at $11.85, with 6,600 stock units, Victoria Mutual Investments finished 12 cents higher at $4.17, with 19,427 units and Wisynco Group settled 35 cents higher at $10.35, with 499,541 shares trading. In the main market preference segment, Jamaica Money Market 7.5% traded with a loss of 4 cents at $1.95, with 100,500 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 majors recover 3,000 points – Tuesday.”

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JSE trading value falls sharply – Monday

April 9, 2018 by

Trading on Monday were slightly higher than on Friday but with a much lower value as 5,325,114 units valued at $49,013,253 were exchanged, compared with 5,136,325 units valued at $124,111,209, on the main market of the Jamaica Stock Exchange.
The main market closed with 28 securities changing hands, of which 8 rose, 10 declined and 10 traded firm leading to the JSE All Jamaican Composite Index plunging 6,685.29 points to 319,402.41. The JSE Index dived 6,091.06 points to end at 291,011.70.
In market activity, Barita Investments closed at $9, with 8,367 shares, Berger Paints ended with a loss of 39 cents at $17.56, with 28,000 stock units, Cable & Wireless concluded trading at $1.25, with 163,107 units, Carreras finished with a loss of 35 cents at $10.35, with 122,941 shares, Caribbean Cement settled at $37.90, with 24,912 shares. Ciboney Group ended trading with a loss of 2 cents at $0.10, with 2,879,740 shares, Grace Kennedy traded at $48, with 35,805 stock units, Jamaica Broilers finished trading $20.50 higher at $20.50, with 703,300 units, Jamaica Producers closed 9 cents higher at $15.39, with 323 shares. Jamaica Stock Exchange ended $6.97 higher at $6.97, with 30,000 shares, JMMB Group concluded trading at $26, with 709 shares, Kingston Wharves settled with a loss of 50 cents at $38.50, with 34,230 units, Mayberry Investments ended trading 42 cents higher at $6.42, with 1,503 shares. NCB Financial Group traded 50 cents higher at $98, with 62,855 shares, 1834 Investments finished trading with a loss of 1 cent at $1.19, with 30,511 shares, Palace Amusement closed $1 higher at $751, with 300 stock units, PanJam Investment ended at $43, with 153,960 units. Pulse Investments finished with a loss of 10 cents at $1.60, with 26,000 shares, Radio Jamaica settled 4 cents higher at $1.09, with 19,218 shares, Sagicor Group ended trading with a loss of 9 cents at $37.51, with 201,015 stock units and Sagicor Real Estate Fund ended trading 2 cents higher at $15.30, with 15,288 shares, Scotia Group finished trading at $52, with 60,662 shares. Seprod closed 50 cents higher at $35.50, with 17,550 shares, Supreme Ventures concluded trading 39 cents higher at $11.89, with 10,537 stock units, Victoria Mutual Investments finished with a loss of 33 cents at $4.05, with 223,469 units, Wisynco Group settled with a loss of 20 cents at $10, with 226,152 shares In the main market preference segment, Jamaica Money Market 7.5% traded at $1.99, with 224,660 stock units and Proven Investments 8.25% traded at $5.15, with 20,000 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 major plunged over 6,000 points – Monday.”

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Kremi in tTech out of TOP 10 stocks

April 8, 2018 by

 

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.

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JSE trading levels fall on Friday

April 6, 2018 by

Trading levels dipped sharply lower on Friday, compared to Thursday with a volume of 5,136,325 units valued at $124,111,209, down from the 11,332,892 units traded for $423,780,603 on the main market of the Jamaica Stock Exchange.
The main market closed with 27 securities changed hands, with 7 rising, 12 falling and 8 trading firm leading to the JSE All Jamaican Composite Index climbing 763.78 points to a record close of 326,087.70. The JSE Index rose 695.89 points to a record closing high of 297,102.76.
In market activity, Barita Investments closed at $9, with 4,191 shares trading, Berger Paints ended trading 84 cents higher at $17.95 with 1,818 stock units changing hands, Cable & Wireless concluded trading after gaining 5 cents, to end at $1.25 with 233,216 units, Carreras finished with a loss of 10 cents at $10.70, with 819,568 shares. Caribbean Cement lost 10 cents to end at $37.90, with 8,132 shares, Grace Kennedy lost $1 to close at $48, with 63,016 stock units, Jamaica Broilers closed at $20, trading 550,887 shares, Jamaica Producers finished trading with a loss of 20 cents at $15.30, in exchanging 4,241 units. JMMB Group fell 50 cents to $26, trading 1,575,126 shares, Jamaica Stock Exchange closed trading at $7, with 196,327 stock units, Kingston Properties ended market activity at $6.64, with 1,360 shares. Kingston Wharves concluded trading with a loss of $1 at $39, with 3,100 shares, NCB Financial Group settled 40 cents higher at $97.50, with 277,542 units, 1834 Investments ended trading at $1.20, with 489,668 shares, 138 Student Living finished at $5.50, with 1,630 stock units, Palace Amusement traded with a loss of $150 at $750, with 252 shares. PanJam Investment closed trading at $43, with 3,559 shares, Pulse Investments ended at $1.70, with 2,300 units, Radio Jamaica concluded trading at $1.05, with 22,798 shares, Sagicor Group finished 60 cents higher at $37.60, with 46,511 shares and Sagicor Real Estate Fund fell 2 cents to $15.28, with 11,296 units. Scotia Group ended trading with a loss of $1.50 at $52, while exchanging 436,897 stock units, Seprod traded 80 cents higher at $35, with 12,757 units, Supreme Ventures closed with a loss of 40 cents at $11.50, after 30,705 shares changed hands, Victoria Mutual Investments ended 37 cents higher at $4.38, with 151,100 shares. Wisynco Group concluded trading with a loss of 16 cents at $10.20, with 158,328 stock units and in the main market preference segment, Proven Investments 8.25% traded at $5.15, with 30,000 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 “Another record close for JSE on Friday.”

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Grace Kennedy top traded JSE stock

April 5, 2018 by

Grace Kennedy traded 7.8 million shares for $380 million accounting for 69 percent of the overall market volume of 11,332,892 units for $423,780,603 on the main market of the Jamaica Stock Exchange on Thursday.
The main market closed with 27 securities changed hands, with 7 rising, 12 falling and 8 trading firm leading to the JSE All Jamaican Composite Index climbing 1,135.75 points to a record close of 325,323.92. The JSE Index rose 1,034.80 points to a record closing high of 296,406.87.
In market activity, Barita Investments closed with a loss of 50 cents at $9, with 42,553 shares, Berger Paints ended 1 cent higher at $17.11, with 20,000 stock units, Cable & Wireless concluded trading at $1.20, with 52,210 units as trading winds down with the shares scheduled for delisting on April 11. Carreras finished with a loss of 10 cents at $10.80, with 1,133,057 shares, Caribbean Cement settled with a loss of 50 cents at $38, with 9,810 shares. Grace Kennedy traded 50 cents higher at $49, with 7,778,385 stock units, Jamaica Broilers finished trading at $20.50, with 4,320 units, Jamaica Producers closed with a loss of 15 cents at $15.50, with 22,722 shares, shares of Jamaica Stock Exchange ended 2 cents higher at $6.97, with 64,250 shares. JMMB Group concluded trading at $26.50, with 223,718 shares, Kingston Properties finished 24 cents higher at $6.64, with 13,000 stock units, Kingston Wharves settled at $40, with 4,077 units, Mayberry Investments ended trading with a loss of 5 cents at $6, with 41,007 shares. NCB Financial Group traded with a loss of $2.15 at $97.10, with 73,521 shares, Palace Amusement dropped $200 to $900, with 200 stock units, PanJam Investment ended at $43, with 48,145 units, Pulse Investments finished with a loss of 9 cents at $1.70, with 45,700 shares. Radio Jamaica settled 1 cent higher at $1.05, with 92,144 shares, Sagicor Group ended trading with a loss of $2 at $37, with 32,881 stock units, Sagicor Real Estate Fund ended trading at $15.30, with 1,000 shares. Scotia Group finished trading $2.50 higher at $53.50, with 19,086 shares, Seprod closed 20 cents higher at $34.20, with 6,422 shares. Supreme Ventures concluded trading at $11.90, with 148,640 stock units, Victoria Mutual Investments finished with a loss of 39 cents at $4.01, with 657,398 units, Wisynco Group settled with a loss of 3 cents at $10.36, with 389,901 shares and In the main market preference segment, JMMB Group 7.5% closed at $1, with 8,500 shares, Proven Investments 8.25% settled with a loss of 75 cents at $5.15, with 400,245 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 “New closing high for JSE on Thursday.”

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Light trading on JSE main market – Wednesday

April 4, 2018 by

Jamaica Stock Exchange main market stocks had a light on Wednesday with trading of just 2,989,332 units, valued at a mere $34,924,721 as 24 securities changed hands, with 12 rising, 7 falling and 6 trading firm.
The main market closed with the JSE All Jamaican Composite Index falling by 421.16 points to 324,188.17 and the JSE Index declined 383.73 points to 295,372.07.
In market activity, Berger Paints jumped 60 cents to end at $17.10, with 10,199 stock units trading, Carreras finished 20 cents higher at $10.90, with 298,389 shares, Caribbean Cement climbed $2.50 to $38.50, with 3,401 shares, Grace Kennedy traded with a loss of 50 cents at $48.50, with 62,851 stock units, Jamaica Broilers finished trading at $20.50, with 15,756 units. Jamaica Producers closed 53 cents higher at $15.65, with 53,028 shares, Jamaica Stock Exchange ended at $6.95, with 36,598 shares changing hands, JMMB Group concluded trading at $26.50 after rising 90 cents, with 14,840 shares, Kingston Wharves settled at $40, with 3,626 units. Mayberry Investments ended trading with a loss of 37 cents at $6.05, with 54,300 shares, NCB Financial Group traded with a rise of $1.76 to end at $99.25, after exchanging 148,413 shares, Palace Amusement closed at $1,100, with 286 stock units, PanJam Investment ended 35 cents higher at $43, with 31,067 units. Radio Jamaica settled with a loss of 5 cents at $1.04, with 138,578 shares, Sagicor Group climbed $2.85 to $39, with 23,975 stock units, Sagicor Real Estate Fund ended trading with a loss of 19 cents at $15.30, with 180,332 shares changing hands, Scotia Group finished trading with a loss of $2.99 to $51, with 104,447 shares, Seprod closed after rising $1 to $34, with 6,118 shares. Supreme Ventures concluded trading and gained 20 cents to end at $11.90, with 98,103 stock units, Victoria Mutual Investments finished with 771,188 units trading and rose 35 cents to $4.40, Wisynco Group settled with a loss of 11 cents at $10.39, with 286,528 shares. In the main market preference segment, JMMB Group 7.5% closed with a loss of 2 cents at $1, with 250 shares, Proven Investments ended trading 1 cent higher at $5.90, with 200 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’ late pull back on Wednesday.”

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New high for JSE with more to come

April 3, 2018 by

The JSE main market closed at a new high on Tuesday with indicators pointing to more gains ahead as the market moves gradually upwards.

Jamaica Stock Exchange main market stocks continued on their upward climb as bullish sentiments exert upward pressure and steering the market higher, landed it at new closing high on Tuesday with more gains to come.
The main market closed with moderate trading of 2,989,332 units valued at $34,924,721, flowing from 27 securities changing hands, with 9 rising, 10 falling and 7 trading firm. At the end, the JSE All Jamaican Composite Index rose 1,341.98 points to end at a record closing high of 324,609.33 and the JSE Index advanced by 1,222.70 points to a new closing record high of 295,755.80.
In market activity, Barita Investments closed at $9.50, with 1,317 shares trading, Cable & Wireless concluded trading with a loss of 10 cents at $1.20, with 143,146 units, Carreras finished 10 cents higher at $10.70, with 102,432 shares, Caribbean Cement settled $1 higher at $36, with 112,607 shares, Grace Kennedy traded 1,496 stock units in rising $1 to end at $49. Jamaica Broilers finished trading with a loss of 50 cents at $20.50, in exchanging 198,187 units, Jamaica Producers closed with a loss of 88 cents at $15.12, with 6,207 shares, Jamaica Stock Exchange ended 25 cents higher at $6.95, with 6,248 shares, JMMB Group concluded trading with a loss of 40 cents at $25.60, as 5,739 shares changed hands. Kingston Properties finished 15 cents higher at $6.40, with 5,000 stock units, Mayberry Investments ended trading 88 cents higher at $6.42, with 36,780 shares, NCB Financial Group fell by $1.51 to $97.49, with 21,004 shares trading, 1834 Investments rose 1 cent to $1.20, with 37,871 shares. 138 Student Living ended at $5.50, with 8,500 shares, changing hands. Palace Amusement rose $100 and closed at $1,100, with 100 stock units trading, PanJam Investment ended with a loss of 35 cents at $42.65, with 1,351 units, Radio Jamaica settled 8 cents higher at $1.09, with 102,002 shares, Sagicor Group lost 35 cents to end at $36.15, with 75,366 stock units. Sagicor Real Estate Fund ended trading at $15.49, with 300 shares. Scotia Group finished at $53.99, with 1,985 shares changing hands, Seprod closed at $33, with 30,103 shares, Supreme Ventures concluded trading with a loss of 20 cents at $11.70, after 83,750 stock units were exchanged, Victoria Mutual Investments finished with a loss of 44 cents at $4.05, with 474,525 units and Wisynco Group settled with a loss of 34 cents at $10.50, with 1,520,527 shares. In the main market preference segment, Jamaica Money Market 7.5% traded at $1.99, with 1,193 stock units, JMMB Group 7.5% closed at $1.02, with 11,396 shares.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Record close for JSE majors on Tuesday.”

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Sharp price changes hit JSE main market – Wednesday

March 28, 2018 by

Palace Amusement fell $300 to $1,300 on Wednesday.

The Jamaica Stock Exchange main market activity closed on Wednesday with sharp price changes in a number of the stocks, including a $300 fall in the price of Palace shares.
The main market closed with 26 securities changing hands and ended with 11 securities rising, 9 falling and 6 trading firm. At the end, the JSE All Jamaican Composite Index shed 1,851.50 points to 320,861.99 and the JSE Index dropped 1,686.92 points to 292,341.55.
In main market activity, Barita Investments closed 5 cents higher at $9.50, with 9,750 shares, Cable & Wireless concluded trading at $1.16, with 41,885 units, Carreras finished at $10.90, with 595,645 shares, Caribbean Cement settled $1.44 higher at $39.94, with 17,731 shares, Ciboney Group ended trading 2 cents higher at $0.14, with 91,700 shares. Grace Kennedy traded $1.95 higher at $49.45, with 19,051 stock units, Jamaica Broilers finished trading 97 cents higher at $20, with 143,137 units, Jamaica Producers closed with a loss of 5 cents at $14.95, with 14,000 shares, Jamaica Stock Exchange ended with a loss of 19 cents at $6.80, with 30,200 shares. JMMB Group concluded trading with a loss of 95 cents at $25.50, with 244,649 shares, Kingston Wharves settled with a loss of 50 cents at $38, with 573 units, Mayberry Investments ended trading 20 cents higher at $6.40, with 113,221 shares, NCB Financial Group traded 1 cent higher at $98.71, with 75,906 shares. 1834 Investments finished trading 4 cents higher at $1.19, with 14,029 shares, Palace Amusement dropped $300 and closed at $1,000, with 250 stock units, PanJam Investment ended with a loss of 4.98 cents at $37.12, with 113,088 units, Radio Jamaica settled with a loss of 1 cent at $1.09, with 62,491 shares. Sagicor Group ended trading with a loss of 15 cents at $36.10, with 833,093 stock units, and Sagicor Real Estate Fund ended trading at $15.45, with 8,592 shares. Scotia Group finished trading $50.85 higher at $50.85, with 345,681 shares, Seprod closed $1.50 higher at $33.50, with 1,000 shares, Supreme Ventures concluded trading 45 cents higher at $11.95, with 524,028 stock units. Victoria Mutual Investments finished with a loss of 27 cents at $4.11, with 600,506 units, Wisynco Group settled 1 cent higher at $10.50, with 789,638 shares trading. In the main market preference segment, JMMB Group closed at $1.02, with 224,002 shares, Proven Investments settled at $5.15, with 100,000 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 Investors slam cabinet changes – Wednesday.”

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