New record close for JSE – Friday

Stocks closed at a new record high on the Jamaica Stock Exchange main market on Friday.
Within 95 minutes of trading in the morning session the market was trading in intraday record territory, with the JSE All Jamaican Composite Index climbing by 3,266.33 points to territory of 328,244.31 and the JSE Index jumping 2,976.00 points to 299,067.67. By the close of trading, the market failed to hold on to the big early gains, leaving the JSE All Jamaican Composite Index increasing by a more modest 1,200.80 points to a record close of 326,178.78 and the JSE Index advancing by 1,094.07 points, to a record close 297,185.74.

Kingston Wharves jumped $5 to a record close on Friday.

At the close, the indices just edged out the record close of 326,087.70 on JSE All Jamaican Composite Index on April 6 and 297,102.76 for the JSE Index.
At the close, 26 securities traded, compared to 25 on Thursday and ended with the prices of 9 stocks rising, 9 falling and 8 trading firm, in the main and US dollar markets. There was no trading in the US dollar market on Friday.
At the close of trading, Kingston Wharves rose $5 to be the major mover for the day and ended at a record high of $50, Jamaica Producers ended up 90 cents to $16, Sagicor Real Estate Fund lost 99 cents to $14.01, Scotia Group dropped $1.84 to $50.16 and Seprod lost 99 cents to $33.01.
Main market activity ended with 6,877,671 units valued at $68,979,399 compared to 2,507,681 units valued at $38,468,870 on Thursday. At the close of trading only two securities traded more than 300,000 units as Ciboney Group closed with 3,042,400 units changing hands, accounting for 44.24 percent of the volume traded and Jamaica Producers took 28.5 percent of the day’s volume with 1,958,288 units.
Trading resulted in an average of 264,526 shares valued at $2,653,054, for each security traded, compared to 108,162 shares valued at $1,672,560 on Thursday. The average for the month to date is 807,049 shares with a value of $4,437,293 and previously 846,561 shares with a value of $4,577,870. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with a lower offers.
For more details of market activities see – Kingston Wharves pushes JSE to new record.

Big gains for JSE majors – Wednesday

Kingston Wharves jumped $5 to a record close at $45 on Wenesday.

There was just modest volume trading on the Jamaica Stock Exchange main market on Wednesday with the JSE All Jamaican Composite Index jumped 2,508.77 points to 322,941.94 and the JSE Index climbed 2,285.77 points to 294,236.60.
At the close, 24 securities traded, compared to 25 on Tuesday and ended with the prices of 16 stocks rising, 4 falling and 4 trading firm, in the main and US dollar markets.
At the close of trading Berger Paints jumped $1.02 to $19.22, Kingston Wharves jumped $4 to record closing high of $45, NCB Financial rose 98 cents to $05.99, PanJam Investment climbed $1.25 to $43, Scotia Group rose $1.03 to $52 and Seprod was up 99 cents to $34.
Main market activity ended with 4,971,238 units valued at $81,421,271 changing hands compared to 3,313,428 units valued at $132,584,977 on Tuesday. At the close of trading Carreras closed with the largest volume of 1,661,256 units, amounting to 33.42 percent of the overall volume traded, followed by Scotia Group with 647,818 shares or 13 percent of the volume traded and Radio Jamaica with 563,453 units or 11.33 percent of the day’s volume.
Trading resulted in an average of 216,141 units valued at an average of $3,540,055 for each security traded. In contrast to 138,060 units for an average of $5,524,374 on Tuesday. The average for the month to date is 897,409 shares with a value of $4,795,531 and previously 947,792 shares with a value of $4,897,207. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Wednesday with Proven Investments finishing trading at 20 US cents after trading 30,955 shares for US$6,410. Trading ended with a rise of 3.31 points in the market index to 164.15 as the average price of Proven inched higher during the day.
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 2 with a lower offers.
For more details of market activities see – JSE main market trading climbs – Wednesday.

Modest gains for JSE majors – Tuesday

Carib Cinema, the flagship for Palace Amusement, the company’s stock climbed $29 on Tuesday.

There was just modest volume trading on the Jamaica Stock Exchange main market on Tuesday with the JSE All Jamaican Composite Index increased by 144.01 points to 320,433.17 and the JSE Index advanced by 131.21 points to 291,950.83.
At the close, 25 securities traded, compared to 28 on Monday and ended with the prices of 9 stocks rising, 11 falling and 5 trading firm, in the main and US dollar markets.
At the close of trading Palace Amusement jumped $29 to $780 and Seprod fell $2.39 to $33.01 as only two securities with major price movements.
Main market activity ended with 3,313,428 units valued at $132,584,977 compared to 2,407,626 units valued at $18,652,792 on Monday. At the close of trading, NCB Financial Group closed trading with 1,244,263 units accounting for 37.55 percent of the volume traded and Ciboney Group with 962,000 units and 29 percent of the day’s volume.
Trading resulted in an average of 138,060 shares valued at $5,524,374, for each security traded, compared to 89,171 shares valued at $690,844 on Monday. The average for the month to date is 947,792 shares with a value of $4,897,207 and previously 1,015,505 shares with a value of $4,839,315. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Tuesday with Proven Investments finishing trading at 20 US cents after trading 4,206 shares for US$841. Trading ended with an unchanged market index of 162.84.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 89stocks ended with bids higher than their last selling prices and 4 with a lower offers.
For more details of market activities see – JSE main market trading climbs – Tuesday.

Modest fall for JSE majors – Monday

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There was just modest volume trading on the Jamaica Stock Exchange main market on Monday, with the JSE All Jamaican Composite Index declining 763.81 points to 320,289.16 and the JSE Index declined by 695.92 points to 291,819.62.
At the close, 28 securities traded, compared to 27 on Friday and ended with the prices of 9 stocks rising, 13 falling and 6 trading firm, in the main and US dollar markets.
At the close of trading only NCB Financial Group ended trading with sizable price change having fallen by $1.08 to $95.50.
Main market activity ended with 2,407,626 units valued at $18,652,792 compared to 8,083,593 units valued at $186,825,752 on Friday. At the close of trading, Ciboney Group closed trading with 1,349,330 units amounting to 56 percent of the volume traded and JMMB Group with 7.50 percent with 240,686 units and 10 percent of the day’s volume.
Trading resulted in an average of 89,171 shares valued at $690,844, for each security traded, compared to 384,933 shares valued at $8,896,464 on Friday. The average for the month to date is 1,015,505 shares with a value of $4,839,315 and previously 1,111,701 shares with a value of $5,320,039. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Monday with Productivity Business finished trading at 56 US cents after trading 3,000 shares. Trading ended with an unchanged market index of 162.84.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see – JSE main market trading drops sharply – Monday.

JSE major drops 1,553 points – Friday

Trading on the Jamaica Stock Exchange main market ended on Friday with the JSE All Jamaican Composite Index dropping 1,552.80 points to 321,052.97 and the JSE Index shedding 1,414.78 points to 292,515.54.
At the close, 23 securities traded, compared to 27 on Thursday and ended with the prices of 10 stocks rising, 6 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading only two stocks closed with sizable changes, with Kingston Wharves falling 99 cents to close at $40 and Scotia Group losing $1.85 to end at $50.15.
Main market activity ended with 8,083,593 units valued at $186,825,752 compared to 4,713,225 units valued at $80,181,699 on Thursday. At the close of trading, Kingston Wharves closed trading with 3,363,504 units accounting for 41.61 percent of trading followed by Jamaica Producers with 2,014,107 units or 24.92 of the day’s volume and Ciboney with 1,258,000 units or 15.56 percent of stocks traded.
Trading resulted in an average of 384,933 shares valued at $8,896,464, for each security traded, compared to 181,278 shares valued at $3,083,912 on Thursday. The average for the month to date is 1,111,701 shares with a value of $5,320,039 and previously 1,175,559 shares with a value of $4,965,770. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Friday with Productivity Business finished trading at 56 US cents after falling 1.23 cents with 500 shares and Proven Investments closed trading with 25,000 units valued at $5,280 and closed at 20 US cents. Trading ended with a fall of 1.13 points of the market index to 162.84.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 5 with a lower offers.
For more details of market activities see – Trading jumps on JSE main market – Friday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, , Ciboney, Jamaica Broilers, Grace Kennedy, Scotia Group,

JSE majors add 2,000 points – Wednesday

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index recovering an additional 2,016.95 points to close at 324,446.16 on Wednesday after regaining 3,026.80 of the nearly 7,000 points lost on Tuesday to end at 322,429.21 as advancing stocks edged out declining ones.
The JSE Index regained an added 1,837.67 points to end at 295,607.13 after rising 2,757.76 on Wednesday in clawing back from more than 6,000 points plunge on Tuesday.
At the close, 28 securities traded, the same number as on Tuesday and ended with the prices of 13 stocks rising, 10 falling and 5 trading firm, in the main and US dollar markets.

Cable & Wireless Head quarters.

At the close of trading, Jamaica Broilers rose 99 cents to end at $21, Grace Kennedy lost 96 cents to $48, Kingston Wharves rose $1.48 to $40, NCB Financial Group traded with a loss of 99 cents at $96.52 and Scotia Group recovered $1.50 to $52.
Main market activity ended with 22,695,573 units valued at over $68,289,795 compared to 84,503,992 units valued at $180,560,263 on Tuesday. At the close of trading, Cable & Wireless closed with 16,941,044 shares trading amounting to 74.64 percent followed by Ciboney Group with 3,146,042 units and 13.86 percent and Wisynco Group with 1,207,289 units 5.32 percent.
Trading resulted in an average of 872,907 shares valued at $2,626,531, for each security traded, compared to 3,129,777 shares valued at $6,687,417 on Tuesday. The average for the month to date is 1,296,927 shares with a value of $5,228,826 and previously 1,355,881 shares with a value of $ 5,651,699. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Wednesday with Proven Investments trading 547,109 units valued at over $109,430 and closed with a loss of 2 cents at 20 US cents. Trading ended with the market index falling 9.33 points, to close at 163.97.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with a lower offers.
For more details of market activities see – Cable & Wireless grabs 75% of JSE trades – Wednesday.

JSE major plunged over 6,000 points – Monday

The JSE all Jamaica Composite Index fell more than 6,600 points.

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index nose diving 6,685.29 points to close at 319,402.41 and the JSE Index plunging 6,091.06 points to 291,011.70.
At the close with only 28 securities traded versus 29 on Friday. Trading ended with the prices of 8 stocks rising, 10 falling and 10 trading firm, in the main and US dollar markets.
Despite the sharp fall in the market indices, at the close of trading, Palace Amusement with a rise $1 to end at $751, was the sole stock to record price movement around $1 or more.
Main market activity ended with 5,325,114 units valued at $49,013,254 compared to 5,136,325 units valued at over $124,111,209. Ciboney Group accounting for 54 percent of the volume traded with 2,879,740 units followed by Jamaica Broilers with 703,300 units amounting to 13.21 percent.
Trading resulted in an average of 190,183 shares valued at $1,750,473, for each security traded, compared to 190,234 shares valued at $4,596,711 on Friday. The average for the month to date is 1,056,536 shares with a value of $5,441,440 and previously 1,240,308 shares with a value of $6,425,698. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Friday with 8,891 units valued at US$1,956 as Proven Investments was the sole stock traded and ended unchanged at 22 US cents, leaving the market index unchanged at the close at 173.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see – JSE trading value falls sharply – Monday

JSE in big Holy Thursday recovery

Caribbean Cement dropped $4.54 on Thursday.

The main market Jamaica Stock Exchange jumped 2,405.36 points to 323,267.35 on Thursday while the JSE Index climbed 2,191.55 points to 294,533.10, as advancing stocks out did declining ones on the last trading day for April.
Trading closed with 32 securities changing hands, up from 27 on Wednesday, leading to 16 advancing, 10 declining and 6 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, including a drop of $4.94 in Caribbean Cement to $35, Grace Kennedy traded with a loss of $1.45 to $48, Jamaica Broilers rose $1 to an all-time high of $21, Jamaica Producers added $1.05 to end at $16, Kingston Wharves gained $2 at in trading at $40, PanJam Investment recovered from the sharp fall of $10.10 on Wednesday, jumping $11 to $43 and a surge of $3.14 in Scotia Group pushed the closing price to $53.99.

Jamaica Broilers closed at a record high on Thursday.

Main market activity ended with 11,248,457 units valued at over $130,109,783 compared to 5,013,846 units valued at $96,400,279 changing hands on Wednesday. Ciboney Group traded 3,892,538 units for 34.61 percent of the day’s volume followed by Wisynco Group with 1,877,516 units or 16.69 percent of the overall market volume, Kingston Wharves with 1,224,813 units or 10.89 percent of stocks traded, Carreras traded 847,800 units and Victoria Mutual Investments closed trading with 731,119 shares changing hands.
Trading resulted in an average of 387,878 shares valued at $4,486,544, for each security traded, compared to 192,840 shares valued at $3,707,703 on Wednesday. For the month to date, an average of 626,526 units with an average value at $20,492,207 traded, compared to 639,063 units with an average value at $20,361,477 changing hands on the previous trading day. In contrast, February closed with an average of 213,336 units, valued at $3,392,475 for each security traded.
The US dollar market closed on Thursday with 51,494 units valued at over US$26,317. Productive Business Solution traded 43,029 units with rise of a fraction of a cent, to close at 58 US cents Proven Investments closed trading with 7,170 units at 20 US cents and Margaritaville (Turks) ended with 1,295 units trading and fell 5 US cents to 20 US cents. The market index closed with a fall of 6.32 points to 161.45.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Sharp price changes continue on JSE main market – Thursday.

Record run falters for JSE majors – Monday

The main market of the Jamaica Stock Exchange hits an intraday high, in early trading but failed to close at a new high.

The main market Jamaica Stock Exchange, hit an intraday record high at the start of trading on Monday but closed lower within 525 points of the record close on March 12.
At the close, the all Jamaican Composite Index jumped 1,544.61 points to 324,039.68 and the JSE Index climbed 1,407.32 points to 295,236.78.
Trading closed with 25 securities changing hands, up from 32 on Friday, leading to 13 advancing, 6 declining and 6 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Caribbean Cement lost $1 to close at $41, Grace Kennedy declined by $1.50 to $48 and JMMB Group lost $1.30 to end at $24.70.
Main market activity ended with 19,076,584 units valued at $210,708,799 compared to 6,019,816 units valued at $133,802,480 changing hands on Friday. Wisynco Group traded 15,104,462 units and accounted for 79.18 percent of the day’s volume, followed by Ciboney Group, with 1,013,952 units and Victoria Mutual Investments with 659,569 shares.
Trading resulted in an average of 706,540 shares valued at $7,804,030 for each security traded, compared to 250,826 shares valued at $5,575,103 on Friday. For the month to date, an average of 655,542 units with an average value at 21,921,023 traded, compared to 674,192 units with an average value at $23,762,597 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Monday ended with 390,231 units valued at US$104,789 with the market index closing with a fall of 6.21 points to 162.95. Proven Investments ordinary share ended trading 369,771 units at 20 US cents followed by Margaritaville (Turks) with 260 units at 25 US cents and JMMB Group 5.75% preference share, closed with 20,200 units trading at US$1.50.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see – Wisynco corners 79% of JSE main market – Monday.

JSE main market closed higher again – Thursday

The main market Jamaica Stock Exchange, closed higher at the end of trading on Thursday for the 4th day in a row, with stock prices being mixed, with the advance decline ratio ending slightly negative.
At the close, the all Jamaican Composite Index rose 1,055.77 points to 323,616.87 and the JSE Index climbed 961.92 points to end at 294,851.55.
Trading closed with 32 securities changing hands, up from 28 on Wednesday, leading to 9 advancing, 12 declining and 11 trading firm, in the main and US dollar markets. Securities closing with sizable price changes include, Grace Kennedy lost $1 to end at $49, Jamaica Broilers fell $1 to $19, JMMB Group added $1 to $26, Portland JSX dropped $1 to $8.50 and Scotia Group fell $2 to $52.
Main market activity ended with 6,093,417 units valued at $73,742,131 compared to 71,072,740 units valued at $6,270,318,116 changing hands on Wednesday. Ciboney Group closed with 1,458,766 units accounting for 23.94 percent followed by Jamaica Broilers with 1,366,225 units and 22.42 percent of the volume for the day and Wisynco Group with 673,050 units or 11.05 percent of the day’s volume.
Trading resulted in an average of 210,118 shares valued at $2,542,832 for each security traded, compared to 2,450,784 shares valued at $216,217,866 on Wednesday. For the month to date an average of 674,192 units with an average value at $23,762,597 traded, compared to 706,388 units with an average value at $25,336,441 changing hands on the previous trading day. In contrast, February closed with average of only 213,336 units valued at $3,392,475 for each security traded.
Trading in the US dollar market on Thursday, ended with 190,139 units valued at $57,528 changing hands with JMMB Group 5.75% US dollar preference share contributing 13,000 units at US$1.50, Margaritaville gained 5 US cents to close at 25 US cents with 400 units trading and Proven Investments had 176,739 units trading at 22 US cents, leaving the market index at 169.16.
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 1 with a lower offer.
For more details of market activities see – Moderate JSE main market trading – Thursday.