Sharp price changes hit JSE – Tuesday

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.

Record high for JSE – Friday

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.

JSE closed with some sharp price changes

Seprod jumped $12 to a record high of $62.

The Jamaica Stock Exchange main market climbed robustly on Thursday with reduced market activity but with rising stocks outpacing falling ones as the market close with some big price changes.
At the end of trading, All Jamaica Composite Index surged 4,547.81 points to close at a record close of 416,996.17 and the JSE Index jumped 4,143.57 points to record close of 379,930.71.
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, suggesting a fairly even match, between rising and declining stocks on Thursday.
A total of 30 securities traded including 4 in the US dollar market, compared to 32 trading on Wednesday with the prices of 13 securities rising, 7 declining and 10 holding firm.
Mayberry Investments traded at an all-time intraday high of $10.01, Sagicor Group ended at a 52 weeks’ closing high of $42.51, Salada Foods closed at a 52 weeks’ high of $26.50 and Seprod closed at a 52 weeks’ high of $62.
Trading ended with major contraction in trading volume in the main market compared to Wednesday’s levels, with 5,137,117 units valued at $72,997,097 compared with 16,795,459 units valued at $285,223,377 changing hands on Wednesday.
Trading closed with Jamaica Stock Exchange led with 1,418,661 units and 27.62 percent of the day’s volume, followed by Mayberry Investments with 1,140,593 units, accounting for 22.20 percent of volume traded and Wisynco Group with 511,686 units and 9.96 percent of the day’s volume.
Trading resulted in an average of 197,581 units valued at over $2,807,581, in contrast to 559,849 shares valued at $9,507,446 on Wednesday. The average volume and value for the month to date amounts to 387,353 shares, valued $7,202,432 and previously, 406,855 shares, valued $7,710,282. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Jamaica Broilers dived $3.86 in trading 16,347 stock units to close at $28.55, JMMB Group dropped $3 and ended at $34, with 241,121 shares trading, Kingston Wharves lost 50 cents in exchanging 4,609 stock units, to close at $82.50, NCB Financial Group rose $1.99 and settled at $129.99, with 25,724 units changing hands, Salada Foods rose 50 cents to a record close of $26.50 in trading 18,000 shares, Sagicor Group climbed $1.51 to a 52 weeks’ high of $42.51, after trading 222,370 shares, Sagicor Real Estate Fund rose 30 cents to end at $14.50, trading 79,469 shares, Scotia Group lost 90 cents trading 38,937 units to close at $59.10, Seprod jumped $12 and finished trading at record $62, with 3,637 shares changing hands, Supreme Ventures jumped $5.40 to end at $20.90, with 218,727 shares changing hands and Wisynco Group lost 15 cents to end at $9.85, trading 511,686 shares.
Trading in the US dollar market closed with 44,592 units valued at US$26,775, changing hands, JMMB Group ended gained 1 cent to close at $1.08 trading 20,000 stock units, Margaritaville settled at 25 US cents with 583 shares trading,Proven Investments traded 21,809 shares to close at 22 US cents and Sygnus Credit traded 2,200 units and lost 1 cents to end at 10.50 cents. The JSE USD Equities Index rose 0.49 points to 171.21.

JSE in sharp drop on Wednesday

Add your HTML code here...

The Jamaica Stock Exchange main market dropped sharply on Wednesday with increased market activity but with rising stocks outpacing falling ones by 80 percent.
At the end of trading, All Jamaica Composite Index dropped 3,927.81 points to 412,448.36 and the JSE Index declined by 3,578.68 points to close at 375,787.14.
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, suggesting a fairly even match, between rising and declining stocks on Thursday.
A total of 32 securities traded, including 3 in the US dollar market, compared to 31 trading on Tuesday with the prices of 14 securities rising, 8 declining and 10 holding firm.
Jamaica Producers traded at 52 weeks’ high during the day, of $33 and Jamaica Stock Exchange traded at an intraday high of $9.20, but both fell back by the close, while Mayberry Investments closed at an all-time high of $10. Barita Investments ended at a 52 weeks’ closing high of $19.50, Salada Foods closed at a 52 weeks’ high of $26 and Radio Jamaica traded at a 52 weeks’ intraday low of 80 cents.
Trading ended with major contraction in the value of trades in the main market, compared to Tuesday’s levels, with 16,795,459 units valued at $285,223,377 versus  9,264,518 units valued at $430,892,380 changing hands on Tuesday.
Trading closed with Wisynco Group leading with 10,860,918 units accounting for 64.67 percent of the day’s volume, followed by Grace Kennedy with 1,515,091 units or 9 percent of total volume traded and Supreme Ventures with 1,278,248 units and 7.6 percent of the day’s volume.
Trading resulted in an average of 559,849 units valued at $9,507,446, in contrast to 330,876 shares valued at $15,389,014 on Tuesday. The average volume and value for the month to date amounts to 406,855 shares, valued $7,710,282 and previously, 386,273 shares, valued $7,433,795. 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 rose 70 cents to end at a 52 weeks’ close at $19.50, trading 8,100 shares, Caribbean Cement rose 86 cents to finish at $49.95, in exchanging 34,400 shares, Grace Kennedy lost 55 cents and ended trading 1,515,091 shares at $60.95, Jamaica Broilers declined by 41 cents in trading 63,380 stock units to close at $32, JMMB Group rose $1 and ended at $37, with 395,580 shares, Kingston Wharves jumped $8 in exchanging 1,670 stock units, to close at $83, Mayberry Investments rose 80 cents to finish at a record $10, trading 101,446 stock units, NCB Financial Group lost $2 and settled at $128, with 159,788 units, 138 Student Living fell 40 cents and closed at $4.60, with 279 stock units trading, Salada Foods jumped $5.29 to a record close of $26 in trading just 200 shares, Sagicor Real Estate Fund fell 80 cents to end at $14.20, trading 155,029 shares, Sterling Investments dropped $4.30 and closed at $23.30 with 29,383 shares changing hands, Supreme Ventures dived $5.40 to end at $15.50, with 1,278,248 shares changing hands and Wisynco Group rose 40 cents to $10, trading 10,860,918 shares.
Trading in the US dollar market closed with 50,462 units valued at $10,394, changing hands, Proven Investments traded 45,387 shares to close at 22 US cents and Sygnus Credit 5,075 units and rose 0.5 cents to end at 11.5 US cents. The JSE USD Equities Index lost 1.02 points to 170.72.

Declining stocks dominate JSE

The Jamaica Stock Exchange main market ended with modest gains on Tuesday with increased market activity but with falling stocks distancing advancing ones by 25 percent.
At the end of trading, All Jamaica Composite Index gained 470.64 points to close at 416,376.17 and the JSE Index rose 428.81 points to 379,365.82.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 11 stocks ending with bids higher than the last selling prices and 2 closing with lower offers, suggesting mostly gains ahead for stocks on Wednesday.
A total of 31 securities traded including 3 in the US dollar market, compared to 27 trading on Monday with the prices of 12 securities rising, 15 declining and 4 holding firm.
Kingston Wharves traded at 52 weeks’ high during the day of $85 and Mayberry Equities traded at an intraday high of $13.25, but both fell back by the close, while Sterling Investments closed at a 52 weeks’ high of $27.60 and Radio Jamaica ended at a 52 weeks’ low of 85 cents.
Trading ended with major contraction in trading volume in the main market compared to Monday’s levels, with 9,264,518 units valued at $430,892,380 compared to 13,217,499 units valued at $228,334,356 changing hands on Monday.
Trading closed with Kingston Wharves led with 5,087,056 units and accounting for 54.91 percent of the day’s volume followed by Ciboney with 1,393,189 units or 15.04 percent of total volume traded and Carreras with 737,720 units and 7.96 percent of the day’s volume.
Trading resulted in an average of 330,876 units valued at over $15,389,014, in contrast to 528,700 shares valued at $9,133,374 on Monday. The average volume and value for the month to date amounts to 386,273 shares, valued $7,433,795 and previously, 394,228 shares, valued $6,099,986. 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 rose 51 cents to end at $22.50, trading 8,578 stock units, Caribbean Cement shed 91 cents to finish at $49.09, in exchanging 23,096 shares, Grace Kennedy lost 50 cents and ended trading 19,357 shares at $61.50, Jamaica Broilers declined by $1 in trading 42,674 stock units stock units to close at $32, Jamaica Producers rose 50 cents and finished trading 17,843 units at $30, JMMB Group fell $1 and ended at $36, with 202,220 shares, Kingston Wharves dropped $7.99 in exchanging 5,087,056 stock units to closed at $75, Mayberry Investments lost 30 cents to finish at $9.20, trading 161,000 stock units, PanJam Investment grew 69 cents to $64.70,with 4,715 stock units trading, Sagicor Real Estate Fund rose $1 to end at $15, trading 47,645 shares, Scotia Group declined $1 to close at $60, trading 167,808 units, Seprod jumped $1 trading 3,600 shares, to close at $50, Sterling Investments jumped $2.60 and closed at a 52 weeks’ high of $27.60 with a mere 300 shares changing hands, Supreme Ventures rose 40 cent to end at $20.90, with 39,955 shares changing hands and Wisynco Group rose 25 cents to $9.60, trading 452,414 shares.
Trading in the US dollar market closed with 5,608 units valued at $3,002, changing hands JMMB Group 6 percent preference share traded 2,035 units to end at US$1.07, Margaritaville traded 1,298 shares at 25 US cents after rising by 1 cent, Proven Investments lost 1 cent in trading 2,275 shares to close at 21 US cents. The JSE USD Equities Index lost 3.53 points to 171.74.

All Jamaica hits new record but falters

The Jamaica Stock Exchange main market declined on Monday after posting another intraday high of 418,00.53 Points.
At the end of trading, All Jamaica Composite Index lost 1,050.58 points to close at 415,905.53 and the JSE Index fell 957.20 points to 378,937.01.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 4 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 27 securities traded including 2 in the US dollar market, compared to 32 trading on Friday with the prices of 13 securities rising, 7 declining and 7 holding firm.
There were 6 securities trading at 52 weeks’ highs during the day, with just ending at a 52 weeks’ closing highs. Stocks trading at new highs are Mayberry Investments, JMMB Group, NCB Financial Group and PanJam Investment, while Radio Jamaica ended at a 52 weeks’ low.
Trading ended with major contraction in trading volume in the main market compared to Friday’s levels, with 13,217,499 units valued at $228,334,356 compared to 3,405,863 units valued at $88,834,288 changing hands on Friday.
Trading closed with Wisynco Group led with 10,075,318 units and 76.23 percent of the day’s volume followed by NCB Financial Group with 609,701 units or 4.61 percent of the day’s volume and Jamaica Producers with 551,409 units or just 4.17 percent of the volume traded.
Trading resulted in an average of 528,700 units valued at over $9,133,374, in contrast to 117,444 shares valued at $3,063,251 on Friday. The average volume and value for the month to date amounts to 394,228 shares, valued $6,099,986 and previously, 448,288 shares, valued $6,994,366. 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 gained 90 cents to finish at $50, in exchanging 5,195 shares, Grace Kennedy rose $1 and ended trading 14,811 shares at $62, Jamaica Broilers rose 51 cents in trading 42,674 stock units stock units to close at $33, Jamaica Producers rose 49 cents and finished trading 551,409 units at $29.50 Mayberry Investments rose 50 cents to finish at $9.50, trading 134,512 stock units, NCB Financial Group dropped $3.50 trading 609,701 shares to end at $130, PanJam Investment fell 89 cents and closed at $64.01,with 40,270 stock units trading, Sagicor Group gained $1.05 to settle at $41.05, with 24,540 shares, Sagicor Real Estate Fund lost $1 to end at $14, trading 113,782 shares, Scotia Group rose $1 in trading 256,277 units to close at $61, Seprod jumped $2.20 in trading 3,289 shares to close at $49, Stanley Motta rose 75 cents to close at $5.25 with 15,863 shares trading Sterling Investments jumped $2.99 and closed at a 52 weeks’ high of $25 with 22,000 shares changing hands and Sygnus Credit Investments lost 36 cents in trading 18,302 shares to end at $12.51.
Trading in the US dollar market closed with 54.335 units valued at $8,377, changing hands. Proven Investments traded 20,000 shares to close at 23 US cents and Sygnus Credit Investments US dollar based ordinary share traded 34,335 units to end at 11 US cents. The JSE USD Equities Index gained 0.12 points to 175.27.

Review of 2018 stock market forecast

Palace hits a new high of $1,500 to be top performer in 2018 so far.

“ Assessment of the market, suggests that 2018 could be a grand year, with overall price gains likely to be in excess of 40 percent”, a quote from IC Insider.com in February, this year.
“Based on projected earnings for 2018, the average PE ratio suggests that main market stocks should grow by 26 percent. Falling interest rates could add another 20 percent to gains during the year, bringing overall gains in excess of 40 percent.”
“Technical readings of the market have the main market heading initially to around 390,000 points or 23 percent ahead of the December close, for the all Jamaica Index, before resistance sets in and then moving much higher, later on’ the IC Insider.com forecast for 2018 stated.
With almost three more months to go, before the year ends, the main market is broken through the 390,000 points mark to be up 31.7 percent for the year to date, there seems no stopping it for now.
The report in February stated that the main market was caught in a wedge formation, trading just below the upper end of channel that can be traced to late 2015. The wedge could hold the market in consolidation mode for a short time, a month or two, before breaking out, most likely to the upside.
IC Insider.com projects that many of the main market heavy weights will find it tough to repeat the strong gains they enjoyed in 2017, if that is the case, their impact on the market index is likely to be less than for 2017. Another factor that could make a repeat of 2017 tough, is the movement of interest rates. Last year, Treasury bill rates fell 29 percent from 6.56 percent to 4.83 percent, that level of decline, is unlikely to happen in 2018, even as some of the decline in the latter part of 2017 is yet to be fully reflected in the prices of stocks to date and should positively affect prices in 2018. IC Insider.com is forecasting rates on 182 days Treasury bill  hitting 3 percent by the end of the 2018 first quarter. Treasury bill rates in 2018 at 1.7 percent, have fallen more sharply than in 2017.
The original piece stated that “there are a number of other factors at play that are set to impact the market. Increasing employment is taking place with the highest number of persons employed in the country’s history. Attendant with that is the sharp fall in unemployment from more than 16.3 percent in 2013, to just over 10 percent in 2017. The annual net employment is growing around 30,000 persons per year and that could rise as the economy gains steam. This will mean more spending and increased tax collection for government. Alpart resumption of Alumina production is a big positive for the overall economy, for increased government revenues and more demand for local goods and services, some of which are provided by listed companies. The tourism sector is enjoying strong growth, apart from increasing foreign exchange intake for the country, will have direct impact on Jamaica Producers and Sagicor X Fund. Jamaica seems to be going through a construction boom with several new buildings under construction, Caribbean Cement and Berger Paints should benefit considerably from such developments.”
“More listings on the stock market will result in increased fee income for JSE and brokerage houses, from increased trading volumes.”
The TOP 10 stocks include a few surprises while there are others that sit just outside the top stocks that investors may still want to keep a keen eye on. Investors should be looking beyond 2018 as medium term gains beyond 2018 could be strong for stocks that will benefit from current developments, long term.
The TOP 10 selection is selling well below the average PE of the Main market of the Jamaica Stock Exchange at just over 6.3 versus nearly 12 at the end of 2017.

Barita last traded on the JSE as high as $20 on Friday.

Barita Investments moved more into fee based income and that is working well for them, with sharp growth, while net interest income stagnates. The prospects for continued strong growth in fee income continues with more investors seeking better returns than in the fixed interest market. The company should see a change in ownership soon and that could see a more aggressive approach to management that could optimize returns from exiting business and newer lines. Unrealized gains on investment ought to be factored into its earnings in valuing the stocks and that would boost its value considerably, the market is not paying attention.
Berger Paints is set to be a big winner with increasing sales coming from a buoyant construction sector resulting in increased profit and what IC Insider.com expects to be a healthy dose of dividend payments. It could become the next Carreras from a dividend yield standpoint but with growing profits. The company will benefit from lowering of overhead cost which was evident in 2017.
Jamaica Broilers continues to grow organically and from new business being acquired. Growth will continue as the Haitian market deliver greater returns form a growing market while the poultry demand in Jamaica continues to grow.
Caribbean Cement will benefit from lower operating cost, increased sales and a planned cut in financing of the lease which is said will cut hundreds of millions of dollars out of it cost that could come close to $2 per share per annum.
Palace Amusement Company, currently enjoying sell out cinemas with block buster hit, is one of those unusual choices. It enjoys minimal trading but it could surprise on the upside if all goes well. Growth in the economy and increased employment will help to boost patronage going forward and will aid in profit growth as well.
JMMB Group put out outstanding Q3 results with a 39 percent increase in profit and strong gains in revenues, auguring well for 2019 outcome.
The growth potential remains strong and investors in the stock will reap rich rewards down the road. Just one stock that requires patience. By the way fees and commission income jumped an impressive 71 percent to $512 million in the quarter and 53 percent in the nine months, over the similar period in 2016 and should continue to do so going forward.
Radio Jamaica continues to disappoint with below expected revenues and profit. It could return to favour but needs to generate more income from advertising. This is one to accumulate for a payoff down the road.
The other three stocks, Sterling Investments, Grace Kennedy and Sagicor Group are undervalued and could deliver some decent returns to patient investors.
Below the TOP 10 are strong candidates to deliver decent returns this year and beyond, the list includes NCB Financial that is on a strong growth trajectory and recently listed Wisynco Group that should generate earnings around $1.10 for the 2019 fiscal year that starts in July.

All Jamaica leaps to record 416,956

The Jamaica Stock Exchange main market climbed sharply on Friday to a new record high after recording the second highest gain in the market’s history, second only to the 9,823 points rise on Monday, this week.
At the end of trading, All Jamaica Composite Index surged 9,736.35 points to a record close of 416,956.11 and the JSE Index jumped 8,870.92 points to a record close of 379,894.21.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 11 stocks ending with bids higher than the last selling prices and 3 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 32 securities traded including 3 in the US dollar market, compared to 29 trading on Thursday with the prices of 15 securities rising, 8 declining and 6 holding firm.
There were 6 securities trading at 52 weeks’ highs during the day, with 4 ending at a 52 weeks’ closing highs Stocks trading at new highs are Kingston Wharves, JMMB Group, NCB Financial Group and Salada Foods, while Radio Jamaica ended at a 52 weeks’ low.
Trading ended with major contraction in trading volume in the main market compared to Thursday’s levels, with 3,405,863 units valued at $88,834,288 changing hands compared to 50,485,890 units valued at $464,344,297 on Thursday.
Trading closed with Mayberry Investments trading 1,114,541 shares and 32.7 percent of the day’s volume with the price closing at $9.11 after falling 24 cents. Sagicor Group accounted for 520,345 shares or 15.3 percent of the day’s volume, followed by Barita Investments with 261,000 shares and 7.7 percent of the volume traded.
Trading resulted in an average of 117,444 units valued at over $3,063,251, in contrast to 1,803,068 shares valued at $16,583,725 on Thursday. The average volume and value for the month to date amounts to 448,288 shares, valued $6,994,366 and previously, 533,195 shares, valued $6,208,222. 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 30 cents and closed at $18.80, while 261,000 shares were traded up to an intra-day high of $20, Berger Paints climbed 99 cents and ended at $21.99, with 10,142 stock units trading, Jamaica Broilers jumped $4.49 in trading 13,273 stock units stock units at $32.49, JMMB Group climbed $2 and ended at a 52 weeks’ high of $37, trading 26,182 shares, Kingston Wharves jumped $7.90 and finished at a record high of $83, trading 26,042 stock units, Mayberry Investments rose 58 cents to finish at $9, trading 1,114,541 stock units, NCB Financial Group gained $1 trading 232,956 shares to end at a record close of $133.50, Sagicor Real Estate Fund rose $1.50 to $15, trading 190,908 shares, Salada Foods gained 71 cents and ended trading at a 52 weeks’ closing high of $20.71, with 5,941 stock units, after it traded earlier at a high of $23, Scotia Group shed $2 in trading 520,345 units to close at $60, Seprod jumped $2.20 in trading 3,289 shares to close at $49, Stanley Motta lost 75 cents to close at $4.50 with 4,600 shares trading and Supreme Ventures lost $1.20 in trading 83,624 shares to end at $20.50.Trading in the US dollar market closed with 50,772 units valued at $10,647, changing hands. JMMB Group 6% preference share completed trading of 1,800 after inching up by 1 cent to close at $1.07, Proven Investments traded 27,950 shares to close at 23 US cents and Sygnus Credit Investments US dollar based ordinary share, rose 1 cent in trading 21,022 shares to end at 11 US cents. The JSE USD Equities Index gained 0.51 points to 175.15.

JSE hits new record then drops

Bulls prowling around Jamaican stocks.

The Jamaica Stock Exchange main market climbed to another record high on Thursday but pulled back towards the close, as the price of Scotia Group traded down to $56 and Grace Kennedy falling at the close.
The All Jamaica Composite Index peaked with gain of 3,093.31 points to a record 411,545.91. At the end of trading, All Jamaica Composite Index declined by 1,232.84 points to close at 407,219.76 and the JSE Index dipped 1,123.25 points to 371,023.29.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 11 stocks ending with bids higher than the last selling prices and 3 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 29 securities traded including 1 in the US dollar market, compared to 32 trading on Wednesday with the prices of 15 securities rising, 8 declining and 6 holding firm. There were 6 securities trading at 52 weeks’ highs during the day, with 3 ending at a 52 weeks’ closing highs.
The main market ended with 50,485,890 units valued at $464,344,297 compared to 2,630,637 units valued at over $70,273,331 changing hands on Wednesday.
Trading closed with Carreras trading 46,297,844 shares and 91.7 percent of the day’s volume with the price closing at $9.11 after falling 24 cents. JMMB Group accounted for 1,650,000 shares or 3.3 percent of the day’s volume, followed by Ciboney Group with 760,000 shares and 1.5 percent of the volume traded.
Trading resulted in an average of 1,803,068 units valued at over $16,583,725, in contrast to 132,745 shares valued at $3,474,891 on Wednesday. The average volume and value for the month to date amounts to 533,195 shares, valued $6,208,222 and previously, 114,884 shares valued $2,790,409. 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 fell $2 in trading 73,275 shares, to close at $61, after the price hit a record $75 in early trading, Jamaica Broilers dropped $3 in trading 406,744 stock units at $28, JMMB Group climbed $2 and ended at a 52 weeks’ high of $35, trading 50,818 shares, Mayberry Equities rose 41 cents to finish at closing high of $12.01, trading 55,088 stock units, NCB Financial Group rose $2.50 ended trading with 19,709 shares at record close of $132.50, Portland JSX ended at $8.50, with 55,000 units trading after falling 50 cents, Sagicor Group rose 78 cents to end at $40, with 4,149 shares changing hands, Sagicor Real Estate Fund rose 41 cents to $13.50, trading 122,940 shares, Scotia Group added $1 in trading 48,191 units to close at $62 after it fell to $56 in earlier trading, Seprod jumped $3.56 in trading 32,849 shares at $46.80, Sterling Investments declined by $1.99 and closed at $22.01, with 38,149 shares changing hands after trading at an all-time intraday high of $28 and Supreme Ventures rose 70 cents in trading 202,949 shares to end at $21.70 and Wisynco Group lost 25 cents to finish at $9.30, with 246,788 units trading.
Trading in the US dollar market closed Proven Investments being the sole trade with 134,200 shares to close at 23 US cents. The JSE USD Equities Index closed unchanged at 174.64.

More records signaled for JSE

Jamaica Stock Exchange main market climbed to another record close on Wednesday past the 408,000 points mark based on the movement of the All Jamaica Composite Index. Closing quotes suggest that the market should move higher on Thursday.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer, suggesting mostly gains ahead for stocks.
At the end of trading All Jamaica Composite Index climbed 3,109.71 points to close at a record closing high of 408,452.60 and the JSE Index jumped 2,833.30 points to a record close of 372,146.54.
A total of 32 securities traded including 3 in the US dollar market, compared to 29 trading on Tuesday with the prices of 20 securities rising, 5 declining and 4 that held firm. The market had 4 new highs during trading but ended with just two closing at a 52 weeks’ high.
The main market ended with 2,630,637 units valued at over $70,273,331 changing hands, compared to 3,284,901 units valued at $66,139,568 changing hands on Tuesday.
Trading closed with JMMB Group accounting for with 740,000 shares or 19.22 percent of the day’s volume, followed by Sagicor Group with 539,066 units and 14 percent of the volume traded and Grace Kennedy with 434,750 units and 11.3 percent of the day’s volume.
Trading resulted in an average of 132,745 units valued at over $3,474,891, in contrast to 97,431 shares valued at $2,602,716 on Tuesday. The average volume and value for the month to date amounts to 114,884 shares valued $2,790,409 and previously, 105,635 shares valued $2,435,945. 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 dropped $1.50 and ended at $21, trading 12,969 stock units, Caribbean Cement lost 90 cents to finish at $49.10, in trading 20,497 shares, Jamaica Broilers rose $1 in trading 25,397 stock units at $31, Jamaica Producers lost $2 to close at $30, trading 204,464 stock units, Kingston Wharves added $1.10 to close at a record $75.10, with 6,139 stock units changing hands, Mayberry Equities rose 15 cents to finish at closing high of $11.60, trading 122,247 stock units, PanJam Investment rose 5 cents and ended at 52 weeks’ closing high of $64.90, while exchanging 3,376 stock units, Portland JSX ended at $9 with 19,245 units trading after falling 50 cents, Pulse Investments lost 40 cents and concluded trading of 24,989 shares at $2.40, Sterling Investments close at $24, with 19,180 shares changing hands after trading at an all-time intraday high of $28 and Supreme Ventures rose $1.50 in trading 88,917 shares to end at $21.
Trading in the US dollar market closed with 70,385 units valued at $22,180 as JMMB Group 6 percent preference share concluded trading of 50,000 shares at $1.06, Margaritaville rose 4.1 cents and ended at $0.24 with 1,200 shares trading and Proven Investments traded 3,200 shares to close at 23 US cents. The JSE USD Equities Index advanced by 1.73 points to close at 174.64.