The main market with fell sharply as 8,130,384 units valued at $56,308,791 traded on Wednesday. 23 securities changed hands, 8 advanced, 10 declined and 3 traded firm leading to the All Jamaican Composite Index diving 2,309.99 points to 317,033.63 and the JSE Index dropping 2,104.66 points to 288,853.50.
In the main market activity, Barita Investments ended trading with a loss of 30 cents at $8, with 549,876 units changing hands, Berger Paints closed with a loss of $1.25 at $15, with just 4,757 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.05, with 1,676,000 units, Caribbean Cement finished trading with a loss of 99 cents at $32.01, with 1,900 stock units, Carreras traded 50 cents higher at $11.50, with 124,283 shares. 
Ciboney Group ended 1 cent higher at 20 cents, with 451,323 units, Grace Kennedy settled $1.50 higher at $43, with 54,448 shares trading, Jamaica Broilers ended trading 6 cents higher at $18.56, with 4,258 stock units, Jamaica Producers rose 85 cents to $15.95, with 128,472 units. Jamaica Stock Exchange ended 20 cents higher at $7, with 152,521 shares, JMMB Group concluded trading with a loss of $2 to $27, with 333,294 stock units, Mayberry Investments finished trading with a loss of 45 cents at $5.05, with 2,020 shares, NCB Financial Group ended at $104, with 197,658 shares. PanJam Investment traded with a loss of $1 at $42, while trading 88,396 units, Pulse Investments settled at $1.80, with 55,231 shares,
Radio Jamaica traded with a loss of 3 cents at $1.10, with 554,984 stock units, Sagicor Group ended $3.40 higher at $38, with 2,300 units. Sagicor Real Estate Fund fell 45 cents to end at $15, with 16,082 shares, Scotia Group ended trading $1 higher at $52, with 62,403 stock units, Seprod finished trading at $30, with 2,504 units and Supreme Ventures concluded trading with a loss of 30 cents at $11.50, with 127,554 shares.
In the main market preference segment, JMMB Group concluded trading at $1.10 with 3,540,000 stock units and Proven 8.25% share traed 120 units at $5.20. In the US equity market, Productivity Business Solutions traded 3,921 shares at 57 US cents after falling 0.51 cents and Proven Investments fell 2 cents in trading 398 ordinary shares at 21 US cents. JMMB Group 6% US dollar preference share traded at $1.121 US cents with 11,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market retreats again
Stock prices mostly fell for the second consecutive day in trading on the Main Market of the Jamaica Stock Exchange on Wednesday with 23 securities changing hands, 8 advanced, 10 declined and 3 traded firm
The main market with 8,130,384 units valued at $56,308,791 compared to 17,396,748 units valued at $218,089,928 on Tuesday. The US dollar market traded just 3 securities accounting for 15,319 units valued at just US$14,671 while the market index fell 12.29 points to close at 166.33.
The JSE All Jamaican Composite Index dived by 2,309.99 points to close at 317,033.63 and the JSE Index dropped 2,104.66 points to close at 288,853.50.
Trading ended with an average of 353,495 units for an average of $2,448,208 in contrast to 756,380 units for an average of $9,482,171 on Tuesday. The average volume and value for the month to date amounts to 307,065 units valued at $3,786,627 with an average value of 302,442 units valued at $3,919,890 previously. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
At the close of trading, Berger Paints fell $1.25, Grace Kennedy rose $1.50, PanJam Investment fell by $1, Sagicor Group rose $3.40 and Scotia Group rose $1.
Profit taking hits majors – Tuesday
NCB Financial Group dropped $3 to help pull JSE down.
With most companies having reported earnings for the third quarter the Main Market of the Jamaica Stock Exchange failed to be inspire investors to buy into the stocks aggressively, leading profit taking in a number of stocks on Tuesday, with prices mostly falling.
At the end of trading to market closed with a total of 23 securities changing hands with 5 advancing, 11 declining and 7 traded firm as 17,396,748 units valued at $218,089,928 changed hands.
Market activity concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
In market activity, Barita Investments finished with a loss of 55 cents to end at $8.30, in exchanging 5,860 units, Berger Paints closed $1.25 higher at $16.25, with 30,850 shares, Cable & Wireless settled 3 cents higher at $1.08, with 1,502,200 shares. 
Carreras closed with a loss of 50 cents at $11, trading 130,758 units, Grace Kennedy settled with a loss of 51 cents at $41.50, with 51,585 shares, Jamaica Broilers ended at $18.50, with 16,125 stock units, Jamaica Producers concluded trading with a loss of 45 cents at $15.10, with 26,605 units. Jamaica Stock Exchange fell 10 cents to $6.80, with 14,785 shares, JMMB Group concluded trading 10 cents higher at $29, with 39,907 shares, Kingston Properties traded 6,096 stock units at $8, Kingston Wharves concluded trading at $33, with 9,767 units. Mayberry Investments traded 50 cents higher at $5.50, with 236,821 shares, NCB Financial Group dropped $3 to $104, with 79,253 shares, 1834 Investments concluded trading with a loss of 7 cents at $1.41, with 115,372 stock units, 138 Student Living ended trading at $6, with 10,000 shares, 
PanJam Investment finished trading 50 cents higher at $43, with 20,683 units, Pulse Investments finished with a loss of 20 cents at $1.80, exchanging 8,688 shares. Sagicor Group traded 1,145,023 units with a loss of $2.90 to end at $34.60, Sagicor Real Estate Fund concluded trading with a loss of 35 cents at $15.45, with 17,074 shares, Scotia Group finished with a loss of 50 cents at $51, with 84,315 stock units, Seprod finished at $30, with 3,792 units and Supreme Ventures traded 13,741,689 shares to settled at $11.80. In the main market preference segment, Jamaica Money Market Brokers finished trading at $1.85 with 99,500 stock units and in the US equity market, Proven Investments traded 1,369 ordinary shares and lost 1 US cents to end at 22 US cents.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market stocks tumble
All Jamaica Composite index broken out of channel but facing some headwinds before it moves away from the resistance zone.
Trading on the Main Market of the Jamaica Stock Exchange on Tuesday concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
A total of 23 securities changed hands in the main market, 5 advanced, 11 declined and 7 traded firm with 17,396,748 units valued at $218,089,928 changing hands, compared to 13,891,915 units valued at $50,338,524 on Monday. The US dollar market traded just one security accounting for 1,369 units valued at just US$324 while the market index rose 12.28 points to 178.62.
Trading ended with an average of 756,380 units for an average of $9,482,171 in contrast to 631,451 units for an average of $2,288,115 on Monday. The average volume and value for the month to date amounts to 302,442 units valued at $3,919,890 previously 252,248 units with an average value of $3,304,830. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
NCB Financial Group dropped $3, Sagicor Group traded with a loss of $2.90 while Berger Paints rose $1.25 while Supreme Ventures had the largest trade of 13.7 million units.
JSE Main market bounces – Monday
Stocks rising and falling were equal at 8 each at the close of trading when the main market of the Jamaica Stock Exchange closed on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
Trading ended with 13,891,915 units, valued at $50,338,524 from 22 securities traded in the main market and 42,934 units trading in the US dollar market.
In the main market activity, Barita Investments ended trading with 1,500 shares and lost 3 cents to close at $8.85, Caribbean Cement climbed $1.99 to $33, with 8,450 stock units,
Carreras finished at $11.50, with 219,803 units changing hands, Ciboney Group settled 2 cents higher at 19 cents with 2,000 shares. Grace Kennedy finished with a loss of 49 cents at $42.01, while 262,427 shares traded, Jamaica Broilers finished at $18.50, with 4,795 stock units, Jamaica Producers ended trading 35 cents higher at $15.55, with 68,270 units, Jamaica Stock Exchange ended with a loss of 9 cents at $6.90, with 9,200 shares trading. JMMB Group fell $1.60 to $28.90, with 159,108 shares, Kingston Wharves closed 50 cents higher at $33, trading 56,819 units, Mayberry Investments concluded trading at $5, with 111,745 shares, NCB Financial Group ended with a loss of $1 at $107, with 50,770 stock units changing hands. PanJam Investment ended trading with a loss of 50 cents at $42.50, in exchanging 8,200 units, Pulse Investments rose 20 cents to end at $2, with 330,544 shares,
Radio Jamaica closed at $1.13, with 3,636 stock units, Sagicor Group ended with a loss of 50 cents at $37.50, and exchanging 135,061 units. Sagicor Real Estate Fund closed 80 cents higher at a new record high of $15.80, with 3,300 shares, Scotia Group lost 36 cents at $51.50, with 20,505 stock units and Supreme Ventures finished trading 3 cents higher at $11.80, with 126,501 shares. In the main market preference segment, JMMB Group 7.5% preference share traded 11,403,244 shares at $1.10 and Jamaica Money Market Brokers 7.5% traded 258,726 units at $1.85. 8.90, with 159,108 stock units. In the US equity market, Margaritaville ended trading 350 units .20 US cents, Productivity Business Solutions traded 3,000 shares at 57.51 US cents and Proven Investments traded 39,584 ordinary shares at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.
Kremi & Jamaican Teas in TOP 10
Main Event rose in price and Medical Disposables (Meds) dropped out of the TOP 10 and were replaced by Caribbean Cream and Jamaican Teas.
Main Event rose from $5.50 to $5.75 on Friday, enough to lift them out of the Top list. Earnings at Meds were lowered with the release of the 6 months results with a 21 percent increased sales, in the September quarter but a reduction in profit margin and net profit.
JMMB Group rose from $29.50 to a record close of $30.50 and is sitting at the lower end of the main market list. Grace Kennedy reported good September quarter results, excluding one off gains while Berger Paints‘ six months results show revenues for the September quarter rising 21 percent and profit is up approximately 70 percent when the cost associated with the offer from Ansa Coatings offer is taken out. Berger traded to close on Friday at $15 and is one to watch in the week.
This coming week should see a raft of company results that could shake up the top 10 in both markets. On Friday Lasco Financial, a former TOP 10 stock, reported profit that more than doubled in September quarter to $100 million and up 63 percent to $167 million for the six months. These results could encouraged increased buying in the stock.
At the close of Friday, the average PE ratio for Junior Market Top stocks is at 9.1 and a PE at 7.3 for the main market TOP 10.
The average PE for the overall main market trades at 14 and 13.7 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 39 percent to the average of the market for Junior Market Top stocks and 48 percent for the main market.
Market Watch| Investors should keep a keen eye for Caribbean Cement, Cable & Wireless that is expected to post improved profit in the latest quarter from increasing revenues, NCB Financial, Berger Paints, Jamaica Broilers, JMMB Group, Access Financial, General Accident that is expected to benefit from a rise in premium rates, Lasco Financial, Paramount Trading and Stationery and Office.
Main market in consolidation mode
The Main Market of the Jamaica Stock Exchange closed moderately higher on Thursday with just 20 securities changing hands, resulting in 2,566,192 units valued at $67,621,781 traded.
At the close of trading, 4 securities advanced, 9 declined and 8 traded firm leading to the JSE All Jamaican Composite Index inched higher by 166.44 points to close at 320,626.86 and the JSE Index rose just 151.64 points to close at 292,127.34.
In the main activity, Berger Paints closed at $15, with 26,148 shares, Cable & Wireless concluded trading with a loss of 4 cents at $1.05, with 312,850 shares, Caribbean Cement finished trading at $33, 
with 1,166 stock units, Carreras settled at $11.50, with 301,939 units, Grace Kennedy settled with a loss of 30 cents at $42.70, with 89,708 shares. Jamaica Broilers ended trading at $18.90, with 740,517 stock units, Jamaica Producers finished trading at $15.80, with 20,982 units, Jamaica Stock Exchange ended at $7, with 3,015 shares, JMMB Group closed at $29.50, with 79,059 shares. Kingston Wharves concluded trading 10 cents higher at $32.60, with 55,930 units, Mayberry Investments finished at $5, with 400 shares, NCB Financial Group finished with a loss of $1.16 at $106.85, with 198,782 shares, PanJam Investment finished 45 cents higher at $43, with 25,550 units. 
Portland JSX ended trading $1.15 higher at $8.65, with 800 shares, Pulse Investments concluded trading with a loss of 10 cents at $1.80, with 400 shares, Radio Jamaica ended with a loss of 2 cents at $1.13, with 52,971 stock units, Sagicor Group finished trading with a loss of 2 cents at $37.98, with 166,163 units. Sagicor Real Estate Fund concluded trading with a loss of 20 cents at $15, with 6,100 shares, Scotia Group settled 50 cents higher at $51.50, with 168,909 stock units, Seprod closed with a loss of 99 cents at $28.01, with 2,146 units and Supreme Ventures ended trading with a loss of $1.10 at $11.90, with 313,557 shares. In the US dollar Equities market, Magaritaville ended trading 500 units at 20 US cents after dropping 10 cents and Proven Investments ordinary share traded 11,500 units at 23 US cents 23.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market needs a catalyst
The Main Market of the Jamaica Stock Exchange seems to be stuck around the 320,000 points level and needs a catalyst to moving it.
NCB Financial was expected to have done so but they their full year’s results although up strongly was already baked into the price as such it never moved the market much as investors were very constrained in trading it on Friday.
In trading, 22 securities changed hands with the market indices rising moderately at the close, as 6 securities rose, 8 declined and 8 traded firm with 5,777,201 units valued at $107,680,730 trading while 2 securities traded in the US dollar market.
In the main activity, Berger Paints finished trading at $15, with 57,707 shares changing hands, Cable & Wireless closed at $1.05, with 136,005 shares, Caribbean Cement finished with a loss of $1.99 at $31.01, with 4,936 stock units trading. Carreras settled at $11.50, with 469,478 units, 
Grace Kennedy ended with a loss of 20 cents at $42.50, while 17,221 shares traded, Jamaica Broilers fell 40 cents to $18.50, with 53,740 stock units, Jamaica Producers ended with a loss of 60 cents at $15.20, with 4,061,507 units changing hands. Jamaica Stock Exchange fell 1 cent to $6.99, with 53,928 shares, JMMB Group finished $1 higher to end at a 52 weeks’ high of $30.50, with 58,275 stock units, Kingston Wharves traded with a loss of 10 cents at $32.50, with 70,928 units, Mayberry Investments traded at $5, with 139,224 shares. NCB Financial Group concluded trading $1.15 higher at $108, with 160,919 shares, 138 Student Living 
finished trading at $6, with 8,500 shares, 1834 Investments settled with a loss of 5 cents at $1.30, with 1,281 stock units, PanJam Investment finished at $43, with 2,000 units, Portland JSX ended 45 cents higher at $9.10, with 2,000 shares, Pulse Investments ended trading at $1.80, with 3,048 shares. Sagicor Group traded 2 cents higher at $38, with 226,496 units, Sagicor Real Estate Fund ended at $15, with 7,000 shares, Scotia Group concluded trading with a gain of 36 cents to $51.86, with 87,257 stock units, Seprod ended $1.99 higher at $30, with 828 units and Supreme Ventures concluded trading with a loss of 13 cents at $11.77, with 154,923 shares. In the US equity market, JMMB Group 6 percent preference share ended trading with 15,000 units $at US$1.121 and Proven Investments ordinary share traded 14,583 stock units at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.
67% premium for Berger T&T
Minority shareholders of the Trinidad and Tobago listed Berger Paints are set to get a 67 percent premium on their shares, with Ansa Coatings offer of TT$6.76 for the shares.
The shares were trading at TT$4.05 on the last trading day, prior to the public announcement of the takeover by the Ansa Coatings.
On July 31, Ansa completed the purchase of 500,000 shares from Chan Ramlal Limited being 9.69 percent of the issued shares at the price of offer price. The transactions triggered an obligation by the Group to make a mandatory bid for the remaining shares at the price paid for the Chan Ramlal shares.
According to Ansa, “a consequence of the LBOH Acquisition and the purchase of the Chan Ramlal shares, ACI is the beneficial owner of 3,613,011 Shares and the registered owner of 500,000 Shares amounting in total to 4,113,011 Shares and together with the 60,606 Shares owned by Sissons Paints Limited, ANSA McAL is the deemed beneficial owner of and controls approximately 80.86 percent of the issued share capital of Berger.”
Berger Paints’ Jamaica minority shareholders were offered a negative price to that at which the stock was trading at locally, which was rejected by shareholders, holding 94 percent of the minority shares.
JSE main market ends with losses Wednesday
More stocks closed with gains than with losses, on Wednesday on the Main Market of the Jamaica Stock Exchange as 25 securities changed hands, with 12 advancing, 8 declined and 5 traded firm as 6,096,729 units valued at $100,198,639 traded.
Price movements resulted in moderate fall in the market indices at the close.
In the main activity, Barita Investments traded with a loss of 2 cents at $8.88, with 28,307 units, Berger Paints concluded trading 50 cents higher at $15, with 19,008 shares, 
Cable & Wireless closed with a loss of 1 cent at $1.09, with 1,256,447 shares, Caribbean Cement traded $1 higher at $33, with 14,395 stock units. Carreras concluded trading at $11.50, with 1,097,819 units, Ciboney Group settled 2 cents higher at $0.17, with 4,000 shares, Grace Kennedy finished at $43, with 32,084 shares, Jamaica Broilers finished trading with a loss of 9 cents at $18.90, with 22,921 stock units. Jamaica Producers traded 20 cents higher at $15.80, with 32,668 units, Jamaica Stock Exchange finished trading 1 cent higher at $7, with 35,412 shares, JMMB Group concluded trading 14 cents higher at $29.50, with 199,909 shares, Kingston Wharves ended trading with a loss of 50 cents at $32.50, with 3,491 units. Mayberry Investments closed with a loss of 5 cents at $5, with 1,000 shares, NCB Financial Group traded 1 cent higher at $108.01, with 279,573 shares changing hands, 1834 Investments finished 5 cents higher at $1.35, with 400 stock units, 
PanJam Investment concluded trading with a loss of 45 cents at $42.55, with 21,820 units, Radio Jamaica ended trading 2 cents higher at $1.15, with 3,500 stock units. Sagicor Group settled 40 cents higher at $38, with 54,460 units, Sagicor Real Estate Fund concluded trading 20 cents higher at $15.20, with 546,470 shares, Scotia Group traded with a loss of 80 cents at $51, with 502,155 stock units, Seprod finished trading with a loss of 75 cents at $29, with 103,599 units and Supreme Ventures concluded trading 50 cents higher at $13, with 426,660 shares. In the main market preference segment, Jamaica Money Market Brokers7.25% preference share ended 14 cents higher at $2.49, Jamaica Money Market Brokers7.5% preference share ended 14 cents higher at $1.85, with 399,000 stock units, JMMB Group 7.5% preference share ended at $1.10, with 1 million stock units and Proven Investments traded 45,180 units in the US dollar market unchanged at 57.51 US cents.
Prices of securities trading for the day are those at which the last trade took place.