July’s record run for JSE

JSE main market had 14 days of record close in July and heading much higher going forward.

Jamaica Stock Exchange’s main market ended July with the 14th record close for the month and the 38th for 2019 and 38 percent gain for the year to date, to remain the world’s top-performing market for the past 12 months.
The market closed July with the JSE All Jamaican Composite Index jumping 7,284.40 points to a record close at 575,250.19 points, the JSE Index climbed 6,619.61 points to close at another high of 523,740.10 and the JSE Financial Index advanced by 1.02 points to close at 139.38.
Market activity, resulted in 40 securities trading in the main and US dollar markets, leading to 21 securities advancing, 11 declining and 8 trading firm, compared to 35 securities trading on Tuesday.
At the close of trading, Barita Investments inched higher to a record close of $95 after it rose to a high of $100, Victoria Mutual Investments ended at a record closing high of $8 and Sygnus Credit Investments closed at 52 weeks’ high of $22. Trading ended with 53,548,880 units valued at $758,601,832, compared to 184,796,002 units valued $1,610,513,368 changing hands on Tuesday.
Wigton Windfarm led trading with 24.8 million units for 46 percent of total volume, JMMB Group 7.5% followed with 10 million shares for 19 percent of the day’s volume and Sagicor Group with 7.9 million shares for 15 percent of total main market volume.
The market closed with average of 1,447,267 units valued at an average of $20,502,752 for each security traded. In contrast to 5,774,875 units for an average of $50,328,543 on Tuesday. The average volume and value for the month to date amounts to 1,297,718 shares valued at $17,985,644 changing hands, compared to 1,290,587 shares valued at $17,854,655 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling price and just 1 with a lower offer.
In the main market activity, Caribbean Cement fell $1.99 trading 161,377 units at $78, Eppley traded 7,553 after losing 50 cents to end at $16.40, Grace Kennedy lost $2 in the trading of 153,600 to close at $70, Jamaica Broilers exchanged 1,135,364 and rose $1.25 to close at $34. Jamaica Producers fell 50 cents trading 9,595 units to close at $28.50, JMMB Group gained $2 trading 107,504 shares to end at $53, Kingston Properties traded 141,647 shares and rose 50 cents to end at $6, Mayberry Investments fell 25 cents to close at $8.75 in trading 92,573 shares. Mayberry Jamaica Equities traded 3,752,372 to gain 50 cents and ended at $12.50, NCB Financial lost $2 exchanging 162,275 units to close $213, Proven Investments lost 70 cents trading 5,326 shares in closing at $35.80, Sagicor Group jumped $5 in trading 7,879,535 shares to close at a record high of $63. Sagicor Real Estate Fund climbed $1.98 to end at $12.99 while trading 102,792 shares, Scotia Group dipped 25 cents to close at $56 trading 109,341 shares, Seprod jumped $5 trading 13,758 units to close at $60. Sygnus Credit Investments jumped $3.50 trading of 109,800 units to end at a record high of $22, Victoria Mutual Investments traded 2,051,094 and gained 68 cents to end at a record high of $8 and Wisynco Group traded 214,850 but fell 49 cents to close at $27.50.
Productive Business Solution 9.5% preference share traded 83,400 units and gained $1.99 to end at $107.99.
Trading in the US securities market resulted in 19,171 units valued US$8,433 changing hands with, JMMB Group 6% preference share settled at $1 with 7,000 stock units trading, Proven Investments closed at 25 US cents with an exchange of 771 shares and Sygnus Credit Investments traded 11,4000 shares at 11 US cents. The JSE USD Equities Index shed 0.16 points to close at 187.25.

Carib Cement 2019 profit mixed

Carib Cement silos

Caribbean Cement revenues climbed 5.6 percent in the June quarter to $4.68 billion and 4 percent year to June, with $9.13 billion booked.
The company reported lower profit the June quarter than in 2018, due mainly to $485 million incurred as foreign currency losses and ended up with profit after tax at $368 million versus $674 million in 2018. Or the half-year profit after tax grew 48.6 percent to $15 billion. The company reported earnings per share of 43 cents versus 79 cents in the similar quarter in 2018 and $1.76 compared to $1.18 in the 2018 six months period.
Expenses excluding depreciation and finance grew 2.7 percent for the quarter to $2.94 billion and fell 21 percent for the half-year to $5.47 billion. The sharp reduction in cost results from the termination of an equipment lease agreement with the parent company and the purchase of those assets. The acquisition of the assets drove depreciation charge for the quarter to $405 million from $340 million in 2018 and $796 million from $467 million for the six months periods. Finance cost including foreign exchange losses rose to $688 million from $412 million for the quarter and $856 million versus $386 million for the half-year.
The results boosted shareholders’ equity to $7.9 billion from $6.4 billion at the end of December last year as the company wiped out accumulated losses of $994 million at the end of 2018 leaving a surplus of $493 million. Borrowing amounts to $9.8 billion while cash funds amount to $394 million and net current assets stood at negative $759 million.
The stock trades at $80 on the Jamaica Stock Exchange main market. IC Insider.com projects earnings for the full year to December at $5 per share that would place the PE ratio at 16, just around the markets PE of 17. With the economy doing well and increased construction activities, investors should have their eyes focused on increased future earnings.

New record close for JSE – Tuesday

Barita’s stock price jumped $10.95 to close at $94.95.

The Jamaica Stock Exchange All Jamaican Composite Index ended at another record close on Tuesday, with the JSE All Jamaican Composite Index jumping 6,251.80 points to a record close of 567,965.79.
The JSE Index climbed 5,681.25 points to close at another high of 517,120.49 and the JSE Financial Index advanced by 2.08 points to close at 138.36.
Market activity, resulted in 35 securities trading in the main and US dollar markets, leading to 15 securities advancing, 9 declining and 11 trading firm, compared to 43 securities trading on Monday.
At the close of trading, Barita Investments, Victoria Mutual Investments and Sygnus Credit Investments all closed at 52 weeks’ highs. Trading ended with 184,796,002 units valued $1,610,513,368 compared to 20,389,377 units valued at $139,918,047 changing hands on Monday.
Radio Jamaica led trading with 110.8 million units for 60 percent of total volume, Wigton Windfarm followed with 62.8 million shares for 34 percent of the day’s volume and NCB Financial Group with 5.8 million shares for 3 percent of total main market volume.
The market closed with average of 5,774,875 units valued at an average of $50,328,543 for each security traded, in contrast to 522,805 units at $3,587,642 on Monday. The average volume and value for the month to date amounts to 1,290,587 shares valued at $17,854,655 changing hands, compared to 1,097,715 shares valued at $16,324,221 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling price and 4 with lower offers.
In the main market activity, Barita Investments jumped $10.95 to end at record close of $94.95 trading 7,397 stock units trading, Caribbean Cement rose $3.19 trading 107,206 units at $79.99 Jamaica Producers gained $1 trading 9,251 units to close at $29, Jamaica Stock Exchange traded 74,749 shares to close at $30 after falling $3. JMMB Group traded 81,953 shares and lost $2 to end at $51, Kingston Wharves ended trading 1,250,637 shares and lost $1 to end at $70, NCB Financial lost $3 exchanging 128,922 units to close $215, Mayberry Investments gained 60 cents to close at $9 in trading 635,380 shares, Sagicor Group rose 90 cents trading 39,006 shares in closing at $58. Scotia Group gained       $1.26 to close at $56.25, trading 40,958 shares, Seprod jumped $6.99 trading 11,905 units to close at $48.01. Supreme Ventures gained $1 trading 38,906 shares in ending at $30, Sygnus Credit Investments closed trading of 50,400 units and gained 50 cents to end at a record high of $18.50 and Victoria Mutual Investments traded 103,973 and gained $1.32 to end at a record high of $7.32.
Trading in the US securities market resulted in 752,097 units valued $188,176 changing hands with, JMMB Group 6% preference share settled at $1 with 149 stock units trading, Proven Investments fell 1 cent and settled at 25 US cents with an exchange of 751,687 shares. The JSE USD Equities Index shed 2.85 points to close at 187.41.

AJ index pulls back from record close – Monday

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The Jamaica Stock Exchange All Jamaican Composite Index pulled back from  Friday’s record close on Monday, with the index dropping 4,083.65 points to close at 561,713.99.
The JSE Index declined by 3,710.97 points to end at 511,439.24 and the JSE Financial Index lost 1.97 points to close at 136.28.
Market activity, resulted in 43 securities trading in the main and US dollar markets, leading to 15 securities advancing, 16 declining and 12 trading firm, compared to 37 securities trading on Friday.
At the close of trading, Barita Investments, Victoria Mutual Investments and Sygnus Credit Investments all closed at 52 weeks’ highs. Trading ended with 20,389,377 units valued at over $139,918,047 compared to 35,718,490 units valued at $1,655,204,831 changing hands on Friday.
Wigton Windfarm led trading with 16.4 million units for 81 percent of total volume, Radio Jamaica followed with 1 million shares for 5 percent of the day’s volume and JMMB Group with 608,003 shares for 3 percent of total main market volume.
The market closed with an average of 522,805 units valued at an average of $3,587,642 for each security traded. In contrast to 1,020,528 units for an average of $47,291,567 on Friday. The average volume and value for the month to date amounts to 1,097,715 shares valued at $16,324,221 changing hands, compared to 1,129, 518 shares valued at $16,213,671 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling price and 3 with lower offers.
In the main market activity, Barita Investments gained $1 to end at record close of $84 trading 10,616 stock units trading, Berger Paints gained 76 cents after trading 4,435 to end at $18.71, Caribbean Cement lost $2.29 trading  42,274 units at $76.81, Grace Kennedy closed trading of 7,358 units with a gain of $1 to close at $72. Jamaica Broilers rose 75 cents trading 30,946 units to close at $32.75, Jamaica Stock Exchange traded 228,445 shares to close at $33 after falling $1.95, Kingston Wharves ended trading of 1,708 shares and gained 99 cents to end at $71. NCB Financial lost $1 in exchanging 134,633 units to close $218, 138 Student Living gained 50 cents to close at $4 in trading 700 shares, Proven Investments lost $3.50 trading in the main market with 9,200 units swapped  to close at $36.50, Sagicor Group lost 60 cents trading 9,704 shares in closing at $57.10. Sagicor Real Estate Fund closed trading of 2,118 units and lost 30 cents to end at $11.20, Salada Foods traded 1,229 shares after falling by $2 to $36, Seprod lost 39 cents trading 11,905 units to close at $48.01. Supreme Ventures gained $1 trading 133,871 in ending at $29, Sygnus Credit Investments closed trading of 37,904 units and gained $1,10 to end at a record high of $18 and Victoria Mutual Investments traded 112,760 and gained 90 cents to end at $6.
Trading in the US securities market resulted in 48,792 units valued $43,404 changing hands with JMMB Group 5.75% preference share closed at US$2 with 9,342 shares traded, JMMB Group 6% preference share settled with a loss of 4 cents at $1 with an exchange of 19,400 stock units, Productive Business Solution completed trading at 60  US cents after trading 300 shares and Proven Investments rose 2 cents and settled at 26 US cents with an exchange of 19,750 shares. The JSE USD Equities Index advanced 6.46 points to close at 190.26.

Market watch spotlight on Junior Market

The focus this week is the entire Junior Market that remains severely undervalued, notwithstanding that it made up much-lost grounds in the past week. The Lab is the first stock to watch from this sector.
NCB Financial third-quarter results were far from inspiring with operating profit being lower in the quarter than for the prior year’s results, at the close on Friday there was good selling on offer that seems likely to keep a lid on the price for a while.  NCB reported Operating profit of $6.46 billion in the June 2019 quarter, down from $8.14 billion in 2018. A $700 million net gain in associated company results eased the difference somewhat.
Barita Investments is back at the record high of $83 it closed at the close on Friday, up from $72 at the end of the previous week. Importantly, supply has mostly dried up except for a block of 1 million units offered by Barita at $98 per share. Shareholders passed the resolution at last week’s extraordinary general meeting for a rights issue that will see 106 million shares or around one for every 15 shares of shares owned offered to shareholders, at an expected price in the $40 region.

Barita eyeing acquisition.

Results for Caribbean Cement are out by but reports indicate that the company reported increased sales for the June quarter but lower profit than in 2018, due mainly to $485 million incurred as foreign currency losses. The company reported 43 cents per share versus 79 cents in the similar quarter in 2018. For the half-year, Carib Cement reported earnings of $1,79 compared to $1.18 in 2018. The company looks like earning $5 per share for the full year with increased second-half sales. Do not look for the price of the stock to move up any time soon, with these results
Jamaica Broilers and Jamaica Producers may not break out just now but there is very limited selling and good news could push them higher at any time. Investors who thought that the sky was the limit for Wigton Windfarm may be having second thoughts with the company posting their full-year results, with earnings excluding foreign exchange gains or losses working out at 5 cents per share going forward. The stock seems poised to remain under $1 for a long time. More selling came for Radio Jamaica in the past week but with first-quarter results due mid-August, the stage could be set for a break beyond the $1.40 price level.
Sygnus Credit Investments is coming into its own with a limited supply of the stock for sale, the price closed at a record high at the close of the past week and may and could move higher this week. investors should continue to watch it. Wisynco Group traded close to $30 in the past week pushing the PE up considerably. It could settle just below the $30 range for a while.

Drax Hall branch of Elite.

The Junior Market finally found its footing in moving solidly higher during the past week to within less than 100 points from the previous record high in 2018. With the entire market severely undervalued, just about all stocks are to be watched. Some are more attractive than others and should enjoy a greater focus.
Blue Power closed on Friday with strong buying interest that suggests higher price ahead arising from a proposed split-up of the company into two separate ones. Caribbean Flavours has a limited supply of stocks for sale and is worth watching. Fontana pulled out of the fall to $7.41, in the previous week as demand pushed the price over $8. The branch in Kingston could influence investors to add the stock to their portfolio. Elite Diagnostic with rising demand and slowing supplies could bounce, having traded at $5. The company’s new Drax Hall branch in St Ann is set to open in August and will add to revenues and profit at a later stage. Elite has more than 387,000 units on offer at $5 and that could constrain upward price movement for some time. Jamaican Teas reported nine months results of 32 cents per share compared with 20 cents last year. Investors reacted positively to the results pushing the stock up to $5, but supply on sale is limited and could encourage more price movement this week. Lasco Financial price bounces around $4.50. The stock is undervalued and should see increased buying interest, with release of June quarter results, due out shortly. In 2018, first-quarter results were released on the 17 of July. Lasco Manufacturing released first-quarter numbers on the 31 of July last year and Lasco Distributors released theirs on the 19. The results could move the price of the stocks higher. Limners and Bards climbed 30 cents to settle at a record high of $1.30 with just 100 shares changing hands on the first day of trading, the stock closed with the bid at $1.65 and looks poised to hit $2, the stock was on offer at $2.95 at the close on Friday. Medical Disposables looks poised to move higher and first-quarter numbers will play an important role in further gains and Stationery and Office Supplies hit a record of $12 during the past week and should move higher with little supply offered for sale.

AJI at record close of 565,797 – Friday

New record high for the JSE main market.

The Jamaica Stock Exchange All Jamaican Composite Index ended at another record close on Friday, the 36th record close for the year, as the JSE All Jamaican Composite Index climbed 4,042.30 points to close at 565,797.64.
The JSE Index jumped 3,673.39 points to close at 515,150.21 and the JSE Financial Index rose 0.94 points in closing at 138.25.
Market activity, resulted in 37 securities trading in the main and US dollar markets, leading to 11 securities advancing, 11 declining and 9 trading firm, compared to 36 securities trading on Thursday. VMBS Investments and Sygnus Credit Investments closed at 52 weeks’ high and Eppley 7.5% preference share closed at a 52 weeks’ low while NCB Financial traded at an all-time high of $249 but failed to hold at the level at the close. Trading ended with 35,718,490 units valued at $1,655,204,831 compared to 25,023,082 units valued at $337,036,565 changing hands on Thursday.
Sagicor Group led trading with 16 million shares for 45 percent of total main market volume, Wigton Windfarm followed with 5 million units for 14.6 percent of total volume and Scotia Group with 3.99 million shares for 11 percent of the day’s volume.
The market closed with an average of 1,020,528 units at $47,291,567 for each security traded, in contrast to 695,086 units for an average of $9,362,127 on Thursday. The average volume and value for the month to date amounts to 1,129, 518 shares valued at $16,213,671 changing hands, compared to 1,135,212 shares valued at $14,514,099 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling price and 3 with lower offers.
In the main market activity, Barita Investments gained 60 cents to end at $83 trading 39,924 stock units trading, Caribbean Cement lost 90 cents trading 58,384 units at $79.10, Grace Kennedy closed trading of 7,830 units and gained $1 at $71, Jamaica Broilers fell $1.95 in trading 2,065,836 units at $32. JMMB Group traded 2,107,526 shares to close at $53 after falling $1, Kingston Wharves ended trading 2,519 shares and gained $3.49 to end at $71.99, Mayberry Investments climbed 48 cents in exchanging 4,159 shares to close at $8.60. NCB Financial traded at a record of $249, shortly after the market opened but the price drifted down and lost $1 from the previous day’s close with 144,913 units changing hands to close $219. Sagicor Real Estate Fund closed trading of 18,805 units and gained 50 cents to end at $11.50, Salada Foods traded 1,229 shares after falling by $2 to $36, Seprod lost 60 cents in trading 42,258 units to close at $48.40. Scotia Group declined 50 cents in trading of 3,983,856 shares at $55 Sygnus Credit Investments closed trading of 15,100 units and gained 40 cents to end at a record high of $16.90 and Sterling Investments traded 452,602 and gained 40 cents to end at $3.95.
Trading in the US securities market resulted in 253,518 units valued $53,056 changing hands with Proven Investments lost 2 cents in trading 193,518 shares, to close at 24.01 US cents and Sygnus Credit Investments closed with 60,000 units changing hands at 10 US cents after falling one cent. The JSE USD Equities Index lost 3.21 points to close at 183.80 points.

AJI at record close of 561,755 – Thursday

The Jamaica Stock Exchange All Jamaican Composite Index ended at another record close on Thursday, the 35th record close for the year, as the JSE All Jamaican Composite Index surged 7,402.24 points to close at 561,755.34.
The JSE Index jumped 6,726.38 points to close at 511,476.82 and the JSE Financial Index rose 1.43 points in closing at 135.37.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 18 securities advancing, 11 declining and 9 trading firm, compared to 36 securities trading on Wednesday.  Trading ended with 25,023,082 units valued at $337,036,565 compared to 22,775,778 units valued at $1,289,797,014 changing hands on Wednesday.
Wigton Windfarm dominated trading with 18.64 million shares for 75 percent of total main market volume, Scotia Group followed with 2 million units for 8 percent of total volume and Wisynco Group with 642,312 shares for 2.6 percent of the day’s volume. NCB Financial traded at a record of $228.99 during the day with 634,727 units changing hands to close $220.
The market closed with an average of 695,086 units at $9,362,127 for each security traded, in contrast to 690,175 units for an average of $39,084,758 on Wednesday. The average volume and value for the month to date amounts to 1,135,212 shares valued at $14,514,099 changing hands, compared to 1,160,203 shares valued at $14,821,170 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than the last selling price and 4 with lower offers.
In the main market activity, Barita Investments gained $6.40 to end at $82.40 trading 17,858 stock units trading, Berger Paints declined 76 cents in trading of 2,274 units at $ 17.95, Eppley closed trading of 7,231 units and gained 50 cents to end at $17, Jamaica Producers fell 50 cents in trading of 5,743 units at $28. Jamaica Stock Exchange traded 259,481 shares to close at $35.01, after falling $4.49, Kingston Properties ended trading with 13,100 shares, after rising 25 cents to end at $5.75, Mayberry Jamaican Equities climbed 50 cents in exchanging 8,932 shares to close at $12.50. Portland JSX climbed 40 cents in exchanging 3,940 shares at $8, at $ 8, Proven Investments jumped $3.90 to $40, in trading 1,000 shares, Salada Foods climbed $5 to settle at $38 with 1,437 shares changing hands, Sagicor Real Fund closed trading of 33,134 units and gained 38 cents to end at $11. Sygnus Credit Investments closed trading of 59,223 units and gained 50 cents to end at record high of $16.50, Seprod lost 50 cents in trading 19,570 units to close at $49, Scotia Group declined 25 cents in trading of 2,028,890 units at $55.50 and Wisynco Group gained $2 to end at record closing high of $28, trading 642,312 shares after it traded at a record high of $29.88..
Trading in the US securities market resulted in 5,610 units valued $10,826 changing hands. Market activity ended with JMMB Group 5.75% preference share traded 5,200 units at $2. followed by JMMB Group 6% preference share exchanged 410 units at $1.04.
The JSE USD Equities Index closed unchanged at 187.01 points.

New record for JSE main market – Wednesday

New record high for the JSE main market.

The Jamaica Stock Exchange All Jamaican Composite Index ended at another record close on Wednesday, the 34th record close for the year as the JSE All Jamaican Composite Index gained 3,629.06 points to close at 554,353.10.
The JSE Index advanced 3,297.87 points to close at record 504,750.44 and the JSE Financial Index rose 1.43 points in closing at 135.37.
Market activity, resulted in 36 securities trading in the main and US dollar markets, leading to 18 securities advancing, 12 declining and 6 trading firm, compared to 39 securities trading on Tuesday.  Trading ended with 22,775,778 units valued at $1,289,797,014 compared to 38,095,627 units valued at $143,483,167 changing hands on Tuesday.
Wigton Windfarm dominated trading with 10.8 million shares for 47.5 percent of total main market volume, NCB Financial followed with 4.75 million units for 21 percent of total volume and Caribbean Cement with 2.54 million shares for 11 percent of the day’s volume.
The market closed with an average of 690,175 units valued for $39,084,758 for each security traded. In contrast to 1,088,446 units for an average of $4,099,519 on Wednesday. The average volume and value for the month to date amounts to 1,160,203 shares valued at $14,821,170 changing hands, compared to 1,186,012 shares valued at $13,418,896 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and none with a lower offer.
In the main market activity, Barita Investments climbed $2 to settle at $76 with 38,560 shares changing hands, Grace Kennedy jumped $2 in trading 17,007 units to close at $72, Jamaica Broilers closed trading of 1,761 units and gained 45 cents, to end at $33.95, Jamaica Producers climbed 50 cents to end at $28.50 with 10,081 stock units trading. Jamaica Stock Exchange lost 50 cents in trading 199,350 shares to close at $39.50, Kingston Wharves exchanged 5,961 shares but fell $1.50 to close at $68.50, Mayberry Investments ended trading with 28,839 shares, after declining 60 cents to close at $8, NCB Financial gained $4 to end at a record close of $220, while trading 4,752,835 shares. PanJam Investment jumped $5 in trading of 4,357 units to close at $100. Salada Foods dived $4 to end at $33, trading a mere 501 shares, Sagicor Group gained $1.69, to end at trading 37,347 shares $57.69, Sagicor XFund traded 1,436,659 shares but lost 38 cents in closing at $10.62, Seprod gained 95 cents to end at $49.50 with 32,107 stock units trading. Scotia Group lost 50 cents in trading of 49,279 units at $55.75 and Wisynco Group climbed $1.50 to settle at a record close of $26 with 334,450 shares changing hands.
Trading in the US securities market resulted in 254,884 units valued $29,670.84 changing hands. Market activity ended with Proven Investments rose 2 cents in trading 20,384 shares, to close at 26 US cents. Sterling Investments fell 0.02 cent to close at 0.035 US cents with 3,000 stock units trading and Sygnus Credit Investments closed with 231,500 units changing hands at 11 US cents after rising one cent. The JSE USD Equities Index added 0.68 points to close at 187.01.

33rd record close for JSE main market – Tuesday

The Jamaica Stock Exchange All Jamaican Composite Index closed on Tuesday above 550,000 points for the first time and gained 32 percent for 2019, in recording the 33rd record close for the year.
The JSE All Jamaican Composite Index gained 5,830.56 points to close at 550,724.04, the JSE Index advanced 5,298.45 points to close at record 501,452.57 and the JSE Financial Index rose 0.21 points in closing at 133.94.
Market activity, resulted in 39 securities trading in the main and US dollar markets, leading to 16 securities advancing, 11 declining and 12 trading firm, compared to 38 securities trading on Monday. Trading ended with 38,095,627 units valued at over $143,483,167 compared to 54,623,895 units priced at $307,245,305 changing hands on Monday.
Wigton Windfarm dominated trading with 33.9 million shares for 89 percent of total main market volume, Radio Jamaica followed with 983,084 units for 2.6 percent of total volume and Victoria Mutual Investments with 742,405 shares for 2 percent of the day’s volume.
The market closed with average of 1,088,446 units valued at an average of $4,099,519 for each security traded, in contrast to 1,560,683 units for an average of $8,778,437 on Monday. The average volume and value for the month to date amounts to 1,186,012 shares valued at $13,418,896 changing hands, compared to 1,192,045 shares valued at $14,027,438 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments climbed $2.50 to settle at $74 with 65,997 shares changing hands, Grace Kennedy dropped $2.50 in trading 11,490 units to close at $70, Jamaica Broilers closed trading of 33,803 units and gained 50 cents to end at $33.50, JMMB Group gained $3 to end at $54 with 116,750 stock units trading. Jamaica Producers climbed $1.35 to end at $28 with 8,971 stock units trading, Kingston Properties lost 25 cents in trading 21,929 shares to close at $5.50, Mayberry Investments ended trading with 19,800 shares, after rising 44 cents to end at $8.60, NCB Financial gained $2 to end at $216, trading 117,842 shares. PanJam Investment dropped $4 in trading of 88,191 units to close at $95. Salada Foods gained $1 to end at $37, trading a mere 100 shares, Sagicor Group gained $1.50, to end at trading 505,581 shares $56, Seprod gained $1.55 to end at $48.55 with 10,673 stock units trading. Scotia Group lost 70 cents in trading of 13,881 units at $ 56.25, Sterling Investments closed 38 cents higher at $3.58, with 70,700 stock units trading, Sygnus Credit Investments jumped $1.40 to end at $15.90 trading 47,602 shares and Wisynco Group climbed $1.49 to settle at a record close of $24.50 with 203,282 shares changing hands.
Trading in the US securities market resulted in 267,836 units valued at $56,931 changing hands. Market activity ended with Margaritaville trading 1,463 units at 25 US cents, Proven Investments lost 1 cent in trading 208,782 shares, to close at 24.02 US cents. Sterling Investments fell 0.003 cent to close at 0.037 US cents with 16,091 stock units trading and Sygnus Credit Investments closed with 41,500 units changing hands at 10 US cents after falling half a cent. The JSE USD Equities Index fell 3.71 points to close at 186.33.

Gains for JSE main market – Monday

Wisynco ended at a record close on Monday.

The Jamaica Stock Exchange main market closed higher on Monday as advancing stocks outnumbered declining ones and with 2 stocks hitting 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 2,026.67 points to close at 544,893.48, the JSE Index advanced 1,841.71 points to close at 496,154.12 and the JSE Financial Index rose 0.20 points in closing at 133.73.
Market activity, resulted in 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 11 declining and 13 trading firm, compared to 33 securities trading on Friday.  Trading ended with 54,623,895 units priced at $307,245,305 compared to 18,037,703 units amounting to $151,247,321 changing hands on Friday.
Wigton Windfarm dominated trading with 48 million shares for 88 percent of total main market volume, Seprod followed with 4.2 million units for 8 percent of total volume and Mayberry Jamaican Equities with 476,988 shares for just under 1 percent of the day’s volume.
The market closed with average of 1,560,683 units at $8,778,437 for each security traded. In contrast to 601,257 units for an average of $5,041,577 on Friday. The average volume and value for the month to date amounts to 1,192,045 shares valued at $14,027,438 changing hands, compared to 1,167,747 shares valued at $14,394,134 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and one with a lower offer.
In the main market activity, Barita Investments lost 50 cents to end at $71.50, in trading 47,744 shares, Grace Kennedy climbed 50 cents in trading 40,197 units, to end at $72.50, Jamaica Producers declined $1.35 in trading 45,583 shares to close at $26.65. Jamaica Stock Exchange climbed $2 trading 202,800 units to end at a 52 weeks’ closing high of $40, JMMB Group slipped $2 to end at $51 with an exchange of 154,329 shares. Kingston Wharves traded 3,927 shares and gained $2 to close at $70, Mayberry Investments lost 34 cents trading 26,430 shares at $8.16, Mayberry Jamaican Equities traded 476,988 shares and gained 48 cents to end at $12, NCB Financial fell $1 in exchanging 86,395 shares to close at $214, PanJam Investment rose $4 in trading 28,065 stock units at $99. Sagicor Group traded 12,978 shares after rising $1 in closing at $54.50, Scotia Group exchanged 8,603 shares with a gain of 93 cents to end at $56.95. Seprod rose $1 in trading 4,234,220 to close at $47, Sterling exchanged 78,341  with a fall of 38 cents to close at $3.20, Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 Sygnus Credit Investments traded 38,090 shares and lost 50 cents in closing at $14.50 and Wisynco Group climbed $2.01 in trading 174,156 shares to end at record close of $23.01.
Trading in the US securities market resulted in 125,885 units valued at US$30,649 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Margaritaville closed trading with 1,109 units at 25 US cents, Proven Investments lost 0.05 cent in trading 114,997 shares to close at 25.02 US cents and Sygnus Credit Investments closed with 9,779 units changing hands at 10.5 US cents after falling 1.49 cents. The JSE USD Equities Index fell 2.02 points and closed at 190.04.

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