Scotia climbs $1.27 to $33 on Thursday
The JSE Market Index grew by 567.25 points to finish at a record closing high of 179,228.98. The JSE combined index rose 237.54 points to end at 190,880.57 with a gain for the year to date of 20.5 percent.
Trading ended with 33 securities changing hands, the prices of 11 stocks gained while 10 declined in the overall market, including 3 stocks rising and 4 falling, in the junior market.
At the close with 4,089,242 units valued at $37,502,327 changed hands, compared to 5,145,475 units valued at $84,668,693 changing hands on Wednesday. The junior market accounted for 2,955,623 units changing hands, valued at $13,246,216 of the stocks traded.
The average trade for the day in the main market ended at just 56,681 shares compared to an average of 163,633 units traded on Wednesday with the average for the November ending at 208,466 units.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Cable & Wireless gained 5 cents in trading 64,494 units to close at 80 cents, Caribbean Cement with 4,300 shares trading closed at $28. Carreras lost 40 cents in exchanging 3,220 shares at $65.60, Grace Kennedy fell 40 cents and ended trading only 692 units at $41.60. Jamaica Broilers closed at $14.72 with 12,300 shares changing hands, Jamaica Producers traded 85,955 shares to end with a loss of 5 cents, at $8.25, Jamaica Stock Exchange traded 16,509 shares and fell 35 cents, to end at $5.20, JMMB Group traded 100,472 units at $13.63. Kingston Wharves ended trading 28,984 shares to close at $19, National Commercial Bank added 9 cents and ended at $50.10 with 112,759 shares trading,
PANJAM Investment traded 12,100 units at $24.32 after rising 2 cents, Portland JSX traded 13,500 units with the price losing 5 cents to $11. Radio Jamaica gained 5 cents in trading 3,930 units to close at $1.35, Sagicor Group dipped 40 cents with 330,766 shares changing hands at $25.60, Sagicor Real Estate Fund traded 7,026 units with the price ending at $10.25, while Scotia Group jumped $1.27 with 181,762 shares changing hands to close at $33. Supreme Ventures lost 15 cents and ended at $4.80 with 6,000 units changing hands and JMMB Group 7.50% preference share traded rose 5 cents to close with 133,100 units at $1.05.
The average trade for the day in the main market ended at 163,633 shares and 208,466 units month to date. On Tuesday, an average of 16,629 units traded and for the month to date, 253,298 units, in comparison the average for the October was 220,811 units.
The Jamaica Stock exchange main market indices along with the combined index recorded another record close with the All Jamaica Composite Index rising 530.57 points to end at a new closing high of 194,922.67. The JSE Market Index gained 474.43 points to finish at a record closing high of 178,357.64. 
The average trade for the day in the main market ended at 31,898 shares and 489,966 units month to date. On Friday, an average of 1,672,696 units traded and for the month to date, 948,034 units, in comparison the average for the October was 220,811 units.
JMMB Group closed trading with a loss of 9 cents with 50,699 shares to end at $13.60, Kingston Wharves traded 6,800 shares to close at $19, Mayberry Investments traded 10,000 shares to close at $3.66. National Commercial Bank dropped $1 and ended at $50 with 7,331 shares trading. Portland JSX traded 3,984 shares after losing 5 cents to end at $11, Radio Jamaica traded 57,500 units to close at $1.35, Sagicor Group lost 48 cents with 75,180 shares changing hands to close at $25.02. Scotia Investments lost $1.50 traded 1,600 shares to close at $28.50, Seprod traded 36,172 units to close with a rise of 41 cents at $27.40 and Proven Investments made a modest gain and closed at 19.50 US cents with 51,162 shares changing hands.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 3 with lower offers.
138 Student Living ordinary share traded at $5 with 60,400 units changing hands, PAN JAM Investment traded 15,925 shares to end at $24, Pulse Investments traded 25,000 shares after gaining 10 cents to end at $4, Radio Jamaica traded 130,200 units but lost 5 cents to close at $1.35, Sagicor Group had 67,480 shares changing hands to close at $25.50. Sagicor Real Estate Fund traded 2,660 units with the price falling 28 cents to $10.25. Scotia Group traded 697,692 shares to close with a gain of 15 cents at $31.71, Seprod traded 1,646,200 units to close with a rise of $1.09 at $26.99 and Supreme Ventures lost 10 cents and closed at $4.70 with 7,946,940 shares changing hands.
Trinidad Cement shares jumped sharply by 190 percent to close at $58.50 and pushed the Jamaica Stock Exchange Cross Listed Index by a massive 290 percent to 1,946.35 points up from 499.06 previously. The move also pushed the combined Index and the JSE market index to new record levels. 
The average trade for the day in the main market ended at 188,585 and 223,372 units month to date. On Wednesday, an average of 285,892 units traded and for the month to date, 258,159 units, in comparison the average for the October was 220,811 units.
Mayberry Investments traded 850,736 shares to close at $3.66 after rising 1 cent, National Commercial Bank ended at $50 with 194,061 shares trading. 138 Student Living ordinary share, traded at $5 with 46,550 units changing hands, PAN JAM Investments traded 188,115 shares to end at $24, Sagicor Group had 427,445 shares changing hands and rose 48 cents to close at $25.50, Sagicor Real Estate Fund traded 282,800 units with the price rising 28 cents to $10.53. Scotia Group traded 48,250 shares to close at $31.56, after gaining 35 cents, Supreme Ventures lost 10 cents and closed at $4.70 with 52,984 shares changing hands, JMMB Group 7.25% preference share lost 1 cent and traded at $1.07 with 1,956,000 units changing hands and Jamaica Money Market Brokers 7.50% preference share rose 1 cent and closed at $2.11 with 50,000 units changing hands.
The average trade for the day in the main market ended at 285,892 and 258,159 units month to date. On Tuesday, an average of 376,430 units traded and for the month to date, 230,425 units, in comparison the average for the October was 220,811 units.
Jamaica Producers rose 30 cents and closed at $8.50 with 2,867,200 shares changing owners. Jamaica Stock Exchange traded 78,597 shares and lost 8 cents at $5.61, JMMB Group closed trading with 42,691 shares to end with a rise of 4 cents at $13.69, Mayberry Investments traded 2,303,629 shares to close at $3.65 after falling 25 cents, National Commercial Bank gained 80 cents to end at $50 with 16,808 shares trading. Radio Jamaica traded 70,856 shares at $1.30, Sagicor Group had 144,144 shares changing hands and rose 2 cents to close at $25.02, Proven Investments ordinary share traded 20,823 units and ended at 18.56 US cents and JMMB Group 7.2% preference share traded at $1.08 with 112,697 units changing hands.
On Friday, an average of 76,063 units traded and for the month to date, 133,657 units, in comparison the average for the October was 220,811 units.
Grace Kennedy ended trading only 2,400 units at $40, Jamaica Producers rose 5 cents and closed at $8.35 with 104,473 shares switching owners. JMMB Group closed trading with 4,703 shares to end with a rise of 20 cents at $14, Kingston Wharves traded 5,632 shares to close at $18.80, National Commercial Bank gained $2.50 with 12,375 shares trading, Sagicor Group had 46,371 shares changing hands and fell 39 cents to close at $24.11. Scotia Group rose 1 cent in trading 53,000 shares to close at $31.51, Seprod dropped $1.40 in trading 9,250 shares to end at $26 Supreme Ventures traded 21,000 shares at $4.95 and Proven Investments ordinary share traded 46,750 units and ended at 19.50 US cents.
While the investment bank reported 54 cents per share for the full year to September, earnings from ongoing operations is more like 65 cents per share. Most importantly, the information that says the stock is an outstanding buy candidate, is the quality of the final quarter results, with strong growth in fee income and net interest income and less reliance on investment and foreign exchange gains. The final quarter results, suggest earnings should end up around $1.50 in 2017. 
The average trade for the day in the main market ended at 76,063 and 133,657 units month to date. On Thursday, an average of 282,822 units traded and for the month to date, 191,250 units, in comparison the average for the October was 220,811 units.
Jamaica Stock Exchange slipped 1 cent and ended at $5.69 after trading 13,110 shares, JMMB Group closed trading with 213,827 shares to end with a fall of 70 cents at $13.80, Mayberry Investments traded 45,100 shares to close at $3.90, after rising 15 cents, Investors bought 34,029 shares of 138 Student Living at $5. Pan Jamaican Investment (soon to become PANJAM Investment limited with shareholders approving the name change) gained 94 cents and closed at $24.64 after trading 220,798 shares, Radio Jamaica lost 2 cents in trading 14,228 shares at $1.30, Sagicor Group had 160,519 shares changing hands and rose 49 cents to close at $24.50. Scotia Group recovered 20 cents in trading 62,835 shares to close at $31.50, Seprod jumped $1.57 in trading 2,200 shares to end at $27.40. Proven Investments ordinary share traded 72,952 units and ended at 19.50 US cents and JMMB Group 7.50% preference share lost 1 cent in trading 30,100 units at $1.08.
The market closed with 35 securities trading as the prices of 13 gained while 13 declined in the overall market, including 4 stocks rising and 5 falling, in the junior market.
Jamaica Stock Exchange ended at $5.70 after trading 396,314 shares, JMMB Group close trading with 287,849 shares to end with a gain of 50 cents at $14.50, Mayberry Investments traded 9,925 shares to close at $3.75. Pan Jamaican Investment (soon to become PanJam Investment limited with shareholders approving the name change) gained 90 cents and closed at $23.70 after trading 9,780 shares, Portland JSX traded 9,100 units with the price recovering 79 cents to $11, for an all-time low. Radio Jamaica lost 2 cents in trading 30,611 shares at $1.30, Sagicor Group had 35,900 shares changing hands and fell 9 cents to close at $24.01, Scotia Group shed 20 cents in trading 33,025 shares to close at $31.30, Seprod dropped $1.67 in trading 3,033 shares to end at $25.83. Proven Investments ordinary share traded 16,060 units and ended at 19.50 US cents, JMMB Group 7.50% preference share lost 1 cent in trading 517,006 units at $1.08.