Carib Cement chops $2B from lease cost

October 28, 2018 by

Jamaica Caribbean Cement Company slashed the cost formerly associated with leasing of Kiln 5 and Mill 5, from Trinidad Cement after acquiring direct ownership of the assets by $2 million per annum.
Data disclosed by Jamaica’s sole cement producer in their nine months interim report showed that excluding foreign exchange gains or loss that there was a $500 million savings in the overall cost associated with the two items formerly leased.
The equipment lease ended in April 2018 when both parties agreed to the ending of the arrangement leading the Jamaican company agreeing to purchase same. The interim figures show finance cost excluding foreign exchange loss rose to $227 million up sharply from just $11 million in 2017, in the quarter and $299 million versus $4 million year to date. Depreciation and amortisation cost rose to $342 million from $132 million in 2017 and for the nine months to $808 million from $400 million in 2017. The net effect is that the company enjoyed a savings of $500 million for the quarter or $2 billion per year.
A $464 million foreign exchange loss hit the results for the September quarter pulling the strong increase in operating profit of 44 percent to $1.2 billion from $836 million into lower net profit of $305 million than the $748 million generated for the prior year’s period. For the nine months to September, profit fell percent to $1.3 billion from $1.8 million in 2017.

Filed Under: Company News, Company Results Tagged With: , , , ,

All Jamaica drops 8,000 points – Friday

October 26, 2018 by

NCB Financial dropped $8 on Friday.

The Jamaica Stock Exchange closed on Friday with big losses in heavily capitalized companies with NCB Financial leading with a fall of $8 and Grace Kennedy falling $4 that pulled the market down 2 percent with the 5th largest points decline in the market’s history and the second big fall in October.
The market ended with the prices of 8 securities rising, 15 declining while 6 remained unchanged leading to the All Jamaica Composite Index diving 8,031.01 points to 393,833.61 and the JSE Index dropping 7,317.16 points to close at 358,826.99.
Trading closed with 29 active securities in the main and US dollar market compared to 30 on Thursday but with higher volume and value as 4,241,799 units valued at $75,795,522 traded, compared with 8,202,147 units valued at $132,503,743 changing hands, on Thursday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,652,103 units trading, or 39 percent of the day’s volume and Jamaica Broilers with 713,975 units and 16.8 percent of volume traded. Jamaica Stock Exchange leading with 448,893 units and 10.6 percent of the day’s volume, followed by
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, an indication that falling prices are likely to be dominant on Friday.
Trading resulted in an average of 151,493 units valued at over $2,706,983, in contrast to 292,934 shares valued at $4,732,277 on Thursday. The average volume and value for the month to date amounts to 300,895 shares, valued $5,350,785 and previously 308,613 shares, valued $5,494,805. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Grace Kennedy dropped $4, trading 120,588 shares to close at $55, Jamaica Broilers added $2 in trading 713,975 stock units, and closed at $30, Jamaica Producers lost $1 to close at $26 with 17,624 units changing hands, Jamaica Stock Exchange climbed 95 cents to close at a 52 weeks’ high of $9.20, with 448,893 shares, JMMB Group lost 80 cents and ended at $34, exchanging 60,884 shares., NCB Financial Group dropped $8 to $120, trading 207,683 shares, PanJam Investment closed at $65.70, after declining $1.30 in trading 1,890 stock units, Portland JSX lost 50 cents in ending at $8 with 136,300 units, Sagicor Group dropped $2 to end at $45, trading 49,349 shares, Sagicor Real Estate Fund dropped $1.70 to $13.20, with 13,594 shares changing hands. Scotia Group climbed $2.50 in trading 33,416 units to close at $54, Supreme Ventures rose 25 cents to end at $16.50, in an exchange of 10,000 shares and Wisynco Group finished at $10.10, in trading 138,251 units after posting a loss of 20 cents.
Trading in the US dollar market closed with Proven Investments trading 2,152 to close at 21 US cents. The JSE USD Equities Index rose 2.97 points to close at 164.66.

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All Jamaica jumps 4,000 points – Thursday

October 25, 2018 by

Sagicor Group & PanJam hit new closing highs.

Trading on the Jamaica Stock Exchange on Thursday saw the All Jamaica Index surging 6,201.47 with just less than 35 minutes left in the trading session with the index hitting the 404,000 mark before losing some steam in the final 30 minutes of trading.
The market ended with the prices of 10 securities rising, 15 declining while 5 remained unchanged leading to the All Jamaica Composite Index jumped 4,065.81 points to 401,864.62 and the JSE Index climbed 3,704.41 points to close at 366,144.15.
Trading close with 30 active securities in the main and US dollar market compared to 36 on Wednesday but with higher volume and value as 8,202,147 units valued at $132,503,743 traded, compared with 2,854,732 units valued at $50,801,535 changing hands, on Wednesday.
Main market trading closed with Wisynco Group leading with 5,337,134 units and 65 percent of the day’s volume, followed by JMMB Group 7.5% preference share trading 1,058,439 shares or 7.5 percent of the day’s volume and Kingston Wharves with 358,384 units and 4.4 percent of volume traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 292,934 units valued at over $4,732,277, in contrast to 101,955 shares valued at $1,814,341 on Wednesday. The average volume and value for the month to date amounts to 308,613 shares, valued $5,494,805 and previously 309,467 shares, valued $5,538,737. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints fell 49 cents to finish at $22.01, trading 2,875 shares, Grace Kennedy rose $1.50, trading 28,698 shares at $59, Jamaica Broilers lost $2 in trading 231,668 stock units, and closed at $28, Jamaica Producers lost $2 to close of $27 with 22,481 units changing hands, Kingston Wharves lost $5 and finished at $70, with 358,384 stock units changing hands, Mayberry Investments rose 45 cents to $10.50 with 4,000 units trading, NCB Financial Group fell 25 cents to $128 trading 31,645 shares, PanJam Investment ended at a 52 weeks’ closing high of $67, after jumping $3.01 trading 23,000 stock units, Pulse Investments jumped 58 cents in trading a mere 200 shares at $2.98, Sagicor Group jumped $3.80 to a 52 weeks’ high of $47, trading 51,871 shares, Sagicor Real Estate Fund jumped $1.65 and settled at $14.90, with 54,320 shares changing hands. Salada Foods fell 50 cents and ended trading 19,850 stock units, to at $21.50, Scotia Group shed $1.50 in trading 249,590 units to close at $51.50, Seprod finished trading 2,000 shares, with a fall of $1 to close at $32, Sterling Investments fell 50 cents to finish trading 6,438 shares at $22, Supreme Ventures lost 75 cents to end at $16.25, in an exchange of 37,075 shares and Wisynco Group finished at $10.30, in trading 5,337,134 units after posting gains of 30 cents.
Trading in the US dollar market closed with 19,733 units valued at $12,220 changing hands as JMMB Group 5.75% lost 2 cents to close at $2.03 with 4,500 shares trading, Proven Investments ended with a rise of 1 cent trading 15,233 to close at 21 US cents. The JSE USD Equities Index fell 0.91 points to 161.69.

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15 stocks fall 6 rise on JSE – Wednesday

October 24, 2018 by

Jamaica Stock Exchange.

The number of securities trading fell on Wednesday on the Jamaica Stock Exchange main and US markets to 30 up from 36 on Tuesday but with 2,854,732 units valued at over $50,801,535 trading, compared with 2,431,671 units valued at $40,003,992 changing hands, on Tuesday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,132,076 units and 42.7 percent of the day’s volume, followed by Grace Kennedy trading 223,066 shares or 7.8 percent of the day’s volume and Carreras with 210,994 units and 7.4 percent of volume traded.
The market ended with the prices of 6 securities rising, 15 declining while 9 remained unchanged leading to the All Jamaica Composite Index declining 1,319.14 points to 397,798.81 and the JSE Index falling by 1,201.89 points to close at 362,439.74.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 101,955 units valued at over $1,814,341, in contrast to 78,441 shares valued at $1,290,451 on Tuesday. The average volume and value for the month to date amounts to 309,467 shares, valued $5,538,737 and previously 321,423 shares, valued $5,766,429. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $18, in exchanging 36,644 shares, Berger Paints rose 50 cents to finish at $22.50, trading 403 shares, Grace Kennedy fell $1.50, trading 223,066 shares at $57.50, Jamaica Producers lost 50 cents to close of $29 with 33,405 units changing hands, Mayberry Investments fell 45 cents to settle at $10.05, exchanging 17,161 units, Mayberry Jamaican Equities declined $1 to $12 with 8,800 units trading, NCB Financial Group climbed $3.25 and ended trading 74,617 shares at $128.25, Portland JSX rose 50 cents and ended at $8.50, trading just 100 units. Pulse Investments lost 46 cents in trading 9,496 shares at $2.40, Sagicor Group fell 80 cents to $43.20, trading 26,046 shares, Scotia Group gained 50 cents in trading 51,880 units to close at $53, Seprod finished trading 19,103 shares, with a fall of $2.60 to close at $33 and Sterling Investments fell 80 cents to finish trading 22,768 shares at $22.50.
Trading in the US dollar market closed with 803,989 units valued at $107,793 changing hands as Proven Investments ended with a loss of 1 cent trading 204,139 to close at 20 US cents and Sygnus Credit Investments US dollar ordinary share traded 599,850 units and gained 0.5 cent to end at 11.5 US cents. The JSE USD Equities Index fell 2.06 points to 162.60.

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More stocks less volume trade on JSE – Tuesday

October 23, 2018 by

The number of securities trading rose on Tuesday on the Jamaica Stock Exchange main and US markets to 36 up from 32 on Monday but with less volume of 2,431,671 units valued at $40,003,992 compared with 5,670,913 units valued at $98,003,071 changing hands, on Monday.
Trading closed with Ciboney leading with 1,039,900 units and 42.7 percent of the day’s volume, followed by Scotia Group trading 255,885 shares or 10.5 percent of the day’s volume and Carreras with 166,800 units and 7 percent of volume traded.
The market ended with the prices of 13 securities rising, 9 declining while 14 remained unchanged leading to the All Jamaica Composite Index in slipping 44.99 points to 399,117.95 and the JSE Index falling by 40.99 points to close at 363,641.63. During the morning session the market was up more than 6,000 points with NCB Financial trading up to $128.25.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Wednesday.
Trading resulted in an average of 78,441 units valued at over $1,290,451, in contrast to 189,030 shares valued at $3,266,769 on Monday. The average volume and value for the month to date amounts to 321,423 shares, valued $5,766,429 and previously 337,978 shares, valued $6,091,383. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $19.50, in exchanging 93,063 shares, Caribbean Cement rose 99 cents to finish at $47, trading 3,000 shares, Grace Kennedy rose $1 trading of 48,306 shares at $59, Jamaica Broilers climbed $1.50 in trading 110,010 stock units to close at $30, Jamaica Producers added $2.50 to close of $29.50 with 7,255 units changing hands, JMMB Group jumped $1 to $35 trading 30,191 shares, Mayberry Investments fell 50 cents to settle at $10.50, exchanging 11,450 units, Mayberry Jamaican Equities climbed $1.25 to $13 with 90,200 units trading, PanJam Investment gained $2 to end at $64, trading 18,055 shares, Proven Investments ended trading 18,819 shares in the Jamaican dollar based market to close at a record $30 after rising $3.60, Sagicor Group fell by $2 cent to $44, trading 17,852 shares, Scotia Group gained 50 cents in trading 255,885 units to close at $52.50, Seprod finished trading 2,968 shares, with a fall of $3.40 to close at $35.60, Stanley Motta added 25 cents, trading 15,800 units to close at $4.45 and Wisynco Group finished 25 cents down to $10, with 117,281 units trading.
Trading in the US dollar market closed with 109,636 units valued at $134,951 changing hands as JMMB Group 5.75% preference share traded 44,490 units in closing at US$2.05, JMMB Group 6% preference share traded 44,490 units in closing at US$2.05, Margaritaville traded 1,000 shares at 25 US cents,Proven Investments ended trading 28,732 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 784 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.

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More gains for JSE on Monday

October 22, 2018 by

The Jamaica Stock Exchange main market closed higher on Monday with 6 securities rising and 14 declining, resulting from 32 securities trading, including 2 in the US dollar market, compared to 27 trading on Friday.
At the close, as the All Jamaica Composite Index rose 1,422.50 points to close at 399,162.94 and the JSE Index advanced 1,296.05 points to close at 363,682.62.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
Trading ended with 5,670,913 units valued at $98,003,071 compared with 10,008,495 units valued at $182,444,407 changing hands, on Friday.
Trading closed with Mayberry Jamaican Equities leading with 3,520,660 units and 62 percent of the day’s volume, followed by Carreras trading 565,510 shares or 10 percent of the day’s volume and Kingston Wharves with 265,590 units and 4.7 percent of volume traded.
Trading resulted in an average of 189,030 units valued at over $3,266,769, in contrast to 400,340 shares valued at $7,297,776 on Friday. The average volume and value for the month to date amounts to 337,978 shares, valued $6,091,383 and previously 348,491 shares, valued $6,304.830. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement dropped $2.71 to finish at $46.01, trading 13,702 shares, Grace Kennedy lost $1 and ended trading of 219,329 shares at $58, Jamaica Broilers lost $1.50 in trading 50,860 stock units to close at $28.50, Jamaica Producers lost $2.75 to close of $27 with 8,968 units changing hands, JMMB Group jumped $2.45 and ended at $34 trading 10,022 shares, Kingston Wharves fell $5.50 in exchanging 265,590 stock units, to close at $75, Mayberry Jamaican Equities dropped $1.25 to settle at $11.75 with 3,520,660 units trading, NCB Financial Group jumped $14 and ended at $125, trading 171,031 shares, PanJam Investment dropped $1 to $62 trading 10,732 shares, Sagicor Group fell 50 cent to $46, trading 18,940 shares, Salada Foods climbed $3.10 to end trading 200 stock units at $24.90, Sagicor Real Estate Fund lost 35 cents to close at $13.25, trading 91,219 shares, Stanley Motta dropped 80 cents, trading 30,100 units to close at an all-time low of $4.20, Supreme Ventures declined by 51 cents to end at $17, with 57,512 shares changing hands and Victoria Mutual Investments fell 40 cents and concluded trading of 142,057 stock units at $4.10.
Trading in the US dollar market closed with 8,656 units valued at US$1,452 changing hands as Proven Investments ended trading 5,000 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 3,656 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 164.66.

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Worse fall in JSE history – Thursday

October 18, 2018 by

The Jamaica Stock Exchange main market had the largest fall ever as Scotia Group fell $3.01 and NCB Financial dived $17.40, as 15 stocks declined, 10 rose and 10 held firm and making big dents into the market indices on Thursday.
At the close, the All Jamaica Composite Index diving 12,616.74 points to close at 397,188.61 and the JSE Index declined by 11,495.27 points to close at 361,883.79.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 6 closing with lower offers.
A total of 35 securities traded including 5 in the US dollar market, compared to 32 trading on Wednesday.
Trading ended with 5,646,169 units valued at $146,430,983 changing hands, compared with 3,255,602 units valued at $64,853,916 on Wednesday.
Trading closed with Carreras leading with 1,796,079 units and 31.8 percent of the day’s volume, followed by Victoria Mutual Investments with 631,604 units and 11.2 percent of volume traded and Caribbean cement trading 621,915 units or 11 percent of the day’s volume.
Trading resulted in an average of 188,206 units valued at over $4,881,033, in contrast to 101,738 shares valued at $2,026,685 on Wednesday. The average volume and value for the month to date amounts to 345,251 shares, valued $6,238,100 and previously, 357,984 shares, valued $6,357,141. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments climbed $1 to close at a record high of $21, with 6,500 shares trading, Caribbean Cement lost $1.23 in trading 621,915 units to close at $48.72, Grace Kennedy lost 75 cents and ended trading 4,193 shares at $58.55, Jamaica Broilers lost 50 cents to close at $31.50, with 30,918 stock units changing hands, Kingston Wharves fell $1.02 in exchanging 57,215 stock units, to close at $81.05, Mayberry Investments lost 59 cents and settled at $10.62, with 57,215 units, Mayberry Jamaican Equities traded 177,801 to close at a record high of $13 after 177,801 shares were traded, NCB Financial Group dropped $17.40 and ended at $111, trading 498,447 shares, 138 Students Living lost 79 cents while trading 3,100 shares and closed at $3.81, Pulse Investments added 50 cents to $3, trading 100,000 shares, Sagicor Group rose 77 cents to $42.80, trading 10,679 shares, Salada Foods lost $3.15 and ended trading at $21.80, with 7,950 stock units, Scotia Group dropped $3.01 trading 271,275 units to close at $53, Seprod jumped $3.40 and finished trading at $39, with 6,440 shares changing hands, Stanley Motta rose 45 cent in closing at $5 trading 3,555 shares and Supreme Ventures fell 51 cents to end at $17, with 222,000 shares changing hands.
Trading in the US dollar market closed with 147,541 units valued at $214,248 changing hands as JMMB Group 5.75% preference shares traded 100,000 units and gained 5 cents to end at $2.05, JMMB Group 6% preference shares traded 177 units and lost 1 cent to end at $1.07, Productive Business Solution lost 4 cents in trading 171 shares to end at 55 cents, Proven Investments ended trading with 41,883 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 5,310 units to end at 11 US cents. The JSE USD Equities Index declined by 5.10 points to 162.68.

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Stocks dive again on JSE – Wednesday

October 17, 2018 by

The sharp fall in prices on the Jamaica Stock Exchange main market continued on Wednesday closed with 19 declining just 8 rising and 7 holding firm and making big dents into the market indices.
At the close, the All Jamaica Composite Index diving 5,114.14 points to 409,805.35 and the JSE Index declined by 4,659.56 points to close at 373,379.06.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 1 closing with a lower offer.
A total of 34 securities traded including 2 in the US dollar market, compared to 32 trading on Tuesday.
Trading ended with 3,255,602 units valued at $64,853,916 changing hands, compared with 3,865,461 units valued at $98,334,906 on Tuesday.
Trading closed with JMMB Group leading with 842,614 units and 25.9 percent of the day’s volume, followed by Carreras with 569,061 units and 17.5 percent of volume traded and Ciboney trading 500,000 units or 15.4 percent of the day’s volume.
Trading resulted in an average of 101,738 units valued at over $2,026,685, in contrast to 128,849 shares valued at $3,277,830 on Tuesday. The average volume and value for the month to date amounts to 357,984 shares, valued $6,357,141 and previously, 382,244 shares, valued $6,804,156. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Grace Kennedy rose 69 cents and ended trading 6,606 shares at $59.30, Jamaica Producers dropped 50 cents to close of $29.50 with 50,226 units changing hands, JMMB Group dropped $3.50 and ended at $31.50, with 842,614 shares trading. Kingston Wharves fell 43 cents in exchanging 11,112 stock units, to close at $82.07, NCB Financial Group lost 60 cents and ended at $128.40, trading 73,778 shares, Pulse Investments shed 30 cents to $2.50 trading 1,000 shares, Sagicor Group dropped $4.47 to $42.03, trading 100,416 shares, Sagicor Real Estate Fund lost 50 cents to close at $14, trading 14,745 shares, Salada Foods lost 55 cents and ended trading at $24.95, with 7,800 stock units, Scotia Group dropped $2.99 trading 46,233 units to close at $56.01, Seprod lost $4.40 and finished trading at $35.60, with 15,764 shares changing hands, Stanley Motta lost 45 cents in closing at $4.55 trading 67,400 shares, Sterling Investments gained 80 cents and closed at $23.30, with 250 shares and Supreme Ventures fell $2.48 to end at $17.51, with 89,967 shares changing hands.
Trading in the US dollar market closed with 32,239 units valued at US$4,310 changing hands as Proven Investments ended trading 7,639 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 24,600 units to end at 11 US cents. The JSE USD Equities Index closed unchanged at 167.78.

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Sharp price changes hit JSE – Tuesday

October 16, 2018 by

The Jamaica Stock Exchange main market closed with a number of stocks having large price changes and the market indices pulling back from the record close on Friday.
At the end of trading, the All Jamaica Composite Index dived 3,531.21 points to 414,919.49 and the JSE Index declined by 3,217.33 points to close at 378,038.62.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
A total of 32 securities traded including 2 in the US dollar market, compared to 30 trading on Friday with the prices of 10 securities rising, 17 declining and 5 holding firm.
Sagicor Group traded at a 52 weeks’ closing high of $46.50, Mayberry Equities  traded at an intraday high of $20 and ended at a 52 weeks’ closing high of $12.51 and Carreras traded at a 52 weeks’ intraday low of $8.80.
Trading ended with 3,865,461 units valued at $98,334,906 changing hands, compared with 17,261,656 units valued at $203,142,878 on Friday.
Trading closed with Carreras with 896,721 units and 23.2 percent of the day’s volume, dominating trading, followed by Jamaica Stock Exchange with 454,951 units and 11.77 percent of volume traded and Grace Kennedy trading 449,788 units or 11.64 percent of the day’s volume.
Trading resulted in an average of 128,849 units valued $3,277,830, in contrast to 595,230 units valued $7,004,927 on Friday. The average volume and value for the month to date amounts to 382,244 shares, valued $6,804,156 and previously, 406,926 shares, valued $7,181,976. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints shed 50 cents and closed at $22, trading 4,395 shares, Grace Kennedy rose 49 cents and ended trading 449,788 shares at $59.50, Jamaica Broilers lost 41 cents in trading 21,347 stock units, to close at $32.01, Jamaica Producers dropped $3 to close of $30 with 338,585 units changing hands, Kingston Wharves gained 50 cents in exchanging 6,921 stock units, to close at $82.50, Mayberry Investments lost 49 cents to close at $11.01 after trading 32,524 shares, NCB Financial Group lost 99 cents and ended at $129, trading 166,004 shares, PanJam Investment closed $1.50 lower at $64, with 77,368 stock units trading, Portland JSX traded 38,580 shares but fell 40 cents to close at $8.10, Pulse Investments gained 40 cents to $2.80 trading 261,000 shares, Sagicor Group jumped $4.02 to $46.50, trading 10,276 shares, Sagicor Real Estate Fund lost 40 cents to close at $14.50, trading 154,592 shares, Scotia Group rose $1 trading 4,055 units to close at $59, Seprod after dropping sharply by $12.50 on Friday, suffered another huge dive for the second day by $10.50 and finished trading at $39, with 2,000 shares changing hands after the announcement of the sale of 92 million shares at $23.99 each. Sterling Investments lost 50 cents to close at $22.50 while trading 27,270 shares, Supreme Ventures jumped $2.48 to end at $19.99, with 56,045 shares changing hands and Wisynco Group lost 30 cents to end at $10, trading 243,477 shares.
Trading in the US dollar market closed with 403,750 units valued at US$44,588 changing hands as Proven Investments ended trading just 1,750 to close at 21 US cents and Sygnus Credit Investments US dollar ordinary share traded 402,000 units and rose 0.05 cent to end at 11 US cents. The JSE USD Equities Index lost 0.90 points to 167.78.

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Record high for JSE – Friday

October 12, 2018 by

The Jamaica Stock Exchange main market captured another record high, in trading on Friday, with the All Jamaica Composite Index hitting 419,855.25 with just 40 minutes before midday.
The market pulled back by the close to end at a record close to be up by 32 percent for the year. At the end of trading, the All Jamaica Composite Index advanced by 1,454.53 points to record closing high of 418,450.70 and the JSE Index gained 1,325.24 points to record close of 381,255.95.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 9 stocks ending with bids higher than the last selling prices and 2 closing with lower offers.
A total of 30 securities traded including 1 in the US dollar market, compared to 32 trading on Thursday with the prices of 11 securities rising, 16 declining and 3 holding firm.
Barita Investments ended at a 52 weeks’ closing high of $20, Mayberry Investments closed at an all-time high of $11.50, and Jamaica Producers ended at a 52 weeks’ closing high of $33 and Sagicor Group traded at a 52 weeks’ intraday high of $43.01.
Trading ended with 17,261,656 units valued at $203,142,878 changing hands, compared with 5,137,117 units valued at $72,997,097 on Thursday.
Trading closed with Wisynco Group with 8,160,974 units and 47.3 percent of the day’s volume, dominating trading, followed by JMMB Group 7.5% preference share with 6 million units and 34.75 percent of volume traded and Scotia Group trading 960,106 units or 5.6 percent of the day’s volume.
Trading resulted in an average of 595,230 units valued at $7,004,927, in contrast to 197,581 shares valued at $2,807,581 on Thursday. The average volume and value for the month to date amounts to 406,926 shares, valued $7,181,976 and previously, 387,353 shares, valued $7,202,432. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments gained 50 cents and closed at a 52 weeks’ high of $20, trading with 10,951 shares, Grace Kennedy lost $1.48 and ended trading at $59.50, exchanging 93,322 shares. Jamaica Broilers jumped $3.87 in trading 44,646 stock units to close at $32.42, Jamaica Producers finished $3 higher to a record close of $33 with 9,964 units changing hands, JMMB Group gained $1.01 and ended at $35.01, trading 21,829 shares, Kingston Wharves fell 50 cents in exchanging 10,448 stock units, to close at $82, PanJam Investment closed 70 cents higher to $65.50, with 40,350 stock units trading, Sagicor Real Estate Fund rose 40 cents to $14.90, trading 11,223 shares, Salada Foods fell $1 to $25.50 in trading 550 shares, Scotia Group lost $1.10 trading 960,106 units to close at $58, Seprod dropped sharply by $12.50 and finished trading at $49.50, with 2,000 shares changing hands, Supreme Ventures dived $3.39 to end at $17.51, with 69,706 shares changing hands and Wisynco Group advanced 45 cents to end at $10.30, trading 8,160,974 shares.
Trading in the US dollar market closed with 4,897 units valued at US$1,046, changing hands as Proven Investments was the sole stock trading and fell 1 cent to close at 21 US cents. The JSE USD Equities Index lost 2.53 points to 168.68.

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