Main market closes higher – Friday

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index climbing 1,739.73 points to 424,572.25 and the JSE Index advancing by 1,580.91 points to 386,815.40.
At the close of the main and US markets, 30 securities traded, compared to 33 on Thursday and leading to 14 advancing, 6 declining and 10 closing unchanged.
Trading ended with 1,601,348 units valued $55,418,482 crossing the exchange, compared to 12,017,340 units valued $109,444,077 changing hands on Thursday.
Scotia Group led trading with 508,817 shares, comprising 31.8 percent of total main market volume, followed by Carreras with 268,294 stock units or 16.75 percent of the day’s trades and Wisynco Group with 240,423 units or 15 percent.
Market activity ended with an average of 59,309 units valued at over $2,052,536, in contrast to 375,542 shares valued at $3,420,127 on Thursday. The average volume and value for the month to date amounts to 289,643 shares at $3,590,315 for each security, compared to 341,904 units valued at $3,094,443 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Berger Paints gained 40 cents and ended at $20.50, with 14,695 stock units changing hands, Carreras concluded trading with 268,294 units but lost 44 cents to close at $9.05, Jamaica Stock Exchange gained $1 to end at $17, with an exchange of 15,664 shares. Kingston Wharves recovered the $4 it lost on Thursday, to settle at $72, trading 2,700 units, Mayberry Investments  fell $1 in trading 5,000 shares, at $8,  Mayberry Jamaican Equities loaded 62 cents and ended trading of 9,296 shares at $9.70, NCB Financial Group  traded 36,941 shares, losing 50 cents to close at $144.50.  Scotia Group  climbed $1.80 trading 508,817 shares at $52,  Stanley Motta lost 81 cents to end at $4.50, trading 9,000 shares and Wisynco Group rose 54 cents, ending trading of 240,423 shares at $11.95.
Trading in the US dollar market ended with 741,956 units valued at over US$96,943. JMMB Group 5.75% preference share traded 1,000 units with a 4 US cents gain to close at US$2.04Proven Investments ended with 160,056 units trading at 23 US cents and Sygnus Credit Investments traded 580,900 units to end at 10 US cents. The JSE USD Equities Index declined 0.15 points to close at 179.23.

Gains for JSE main market – Friday

The market indices of the main market of the Jamaica Stock Exchange rose at the end of trading on Friday, with JSE All Jamaican Composite Index increased by 805.06 points to 423,994.88 and the JSE Index advanced 731.56 points to 386,288.84.
At the close of market, the main and US markets traded 34 securities, compared to 31 trading on Thursday as 11 advanced, 18 declined and 5 traded without prices changing.
Main market activity ended with 12,313,288 units valued $192,392,395 trading, compared to 4,358,596 units valued $135,130,896 changing hands, on Thursday.
Wisynco Group led trading with 6.38 million shares for 51.8 percent of the day’s volume, followed by Ciboney ending with 1.67 million units, for 13.6 percent of the total main market volume changing hands and Jamaica Broilers ended with 1.63 million units, for 12.5 percent of the day’s volume.
Market activity ended with an average of 373,130 units valued $5,830,073 for each security trading, in contrast to 155,664 shares valued at $4,826,103 on Thursday. The average volume and value for the month to date, amounts to 405,757 shares at $6,032,403 for each security traded, in contrast to 409,081 shares at $6,055,347 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Berger Paints gained 50 cents and ended at $20, trading 7,650 stock units, Caribbean Cement fell 50 cents to finish at $51.50, with 81,125 shares changing hands, Eppley dropped 35 cents to close at $10, trading 913 stock units, Jamaica Broilers lost $1.12 in trading 1,532,550 units at $31.88. Jamaica Producers rose 55 cents to close at $22.55, with 51,269 shares changing hands, Mayberry Jamaican Equities added 41 cents to settle at $10, with an exchange of 38,103 units, NCB Financial Group lost 50 cents trading 67,660 shares to close at $144.50. PanJam Investment lost $1.70 to end at $80, in trading 3,810 units, Sagicor Group gained 45 cents in trading 18,701 shares, to close at $39. Salada Foods lost 95 cents trading 1,808 units to close at $29.05, Scotia Group fell 39 cents to end trading at $51.01, with 150,247 units, Seprod lost 50 cents to close at $44, with 31,309 shares changing hands, Supreme Ventures  concluded trading at $24.40, with 237,378 stock units, Sygnus Credit Investments added 35 cents to close at $13.65 trading 17,212 shares and Wisynco Group fell 50 cents settled at $11.50, with an exchange of 6,381,077 shares.
Trading in the US dollar market resulted in 67,189 units valued at $18,750 changing hands. JMMB Group 6% preference share concluded trading of 147 units with a rise of 4 cents to end at US$1.04, JMMB Group  5.75% closed at $2 with 5,500 shares changing hands, Margaritaville ended trading of 2,828 share at 23 US cents after falling 1 cent. Proven Investments traded 8,214 units at 24 US cents after rising by 1 cent and Sygnus Credit Investments Jamaican dollar ordinary share traded 50,500 to close at 10 US cents The JSE USD Equities Index rose 0.11 points to close at 178.87.

JSE majors pulls back – Thursday

Carib Cement traded at a record high of $60.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index climbed 1,972.46 points to 424,864.03 and the JSE Index advanced by 1,792.39 points to 387,078.63.
At the close market activity, the main and US markets traded 38 securities, compared to 35 securities trading on Wednesday as 17 advanced, 9 declined and 12 traded without changes in prices. Caribbean Cement traded at an at a 52 weeks’ high of $60 before retreating to close at $54, Eppley 7.5% preference share traded a at a 52 weeks’ high of $6.13 and the Jamaica Stock Exchange traded at a record high of $18.
Main market activity ended with 6,800,119 units valued at $107,742,633 compared to 2,447,527 units valued $48,782,718, changing hands, on Wednesday.
Ciboney led trading with 2,217,789 shares for 32.6 percent of the day’s volume, JMMB Group 7.25% Preference share was next with 1,001,753 units, accounting for 14.7 percent of the total main market volume changing hands and Wisynco Group ended with 948,463 shares, for 14 percent of the day’s volume.
Market activity ended with an average 206,064 units, valued at $3,264,928 for each securities traded, compared with an average of 78,952 units valued at $1,573,636, on Wednesday. The average volume and value for the month to date, amounts to 281,016 shares with a value of $11,715,160 and previously, 285,064 shares with a value of $12,195,949. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Berger Paints rose 48 cents and ended at $20, with 6,734 stock units, Jamaica Broilers finished trading 62,676 shares after climbing $1.40, to close at $34.40, Jamaica Producers lost 50 cents trading 21,935 units, to close at $23. Jamaica Stock Exchange climbed 50 cents and ended at a 52 weeks’ high of $18, with 22,755 shares changing hands, Kingston Wharves dropped $2 and settled at $75, with an exchange of 7,729 units, PanJam Investment  gained 45 cents to end at $79.45, trading 2,503 units. Sagicor Group shed $1.94 trading 83,879 shares to close at $40.05, Salada Foods  shed $2.50 trading 25,900 units to close at $31.50, Scotia Group  gained 90 cents trading 8,275 stock units at $53.40 and Sygnus Credit Investments rose 28 cents trading 182,345 shares to close at $14.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.

Seprod jumps $7 to $46 – Tuesday

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Seprod jumped $7.01 to close at $46.

Seprod an IC Insider.com Stock to Watch, for the week, jumped a sharp $7.01 to close at $46 after hitting $47 during the trading session, in trading 69,936 shares, in response to the company reporting a big jump in profit for 2018.
Profit after tax moved from $735 million in 2017 to $1.276 billion from an increase in revenues of 48 percent to $24.4 billion with profit rising over 2,000 percent to $304 million in the December quarter, from a doubling in revenues.
Trading on the main market of the Jamaica Stock Exchange ended as JSE All Jamaican Composite Index increased by 3,739.64 points to 421,424.01 and the JSE Index advanced 3,398.24 points to 383,952.65.
At the close market activity, the main and US markets traded 38 securities, compared to 34 securities trading on Monday, with 15 advanced, 13 declined and 10 traded with prices unchanged.
Main market activity ended with, 15,805,801 units valued at $87,341,139 compared to 4,631,898 units valued $132,673,939 changing hands, on Monday.
An average of 451,594 units valued at an average of $2,495,461 for each security traded. In contrast to 149,416 units for an average of $4,279,804 on Monday. The average volume and value for the month to date, amounts to 325,058 shares with a value of $13,668,348 and previously, 313,874 shares with a value of $14,739,721. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
JMMB Group 7.25% preference share led trading with 11,919,446 shares for 75.4 percent of the day’s volume, Pulse Investments was next with 901,239 shares, accounting for 5.7 percent of the total main market volume changing hands and Ciboney ended with 607,166 shares, for 3.8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 4 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Barita Investments declined by $1.49 trading 99,034 shares, to close at $48.01, Berger Paints fell 50 cents to end at $19.50, with an exchange of 4,506 stock units, Caribbean Cement exchanged 24,981 shares but fell 49 cents, to end at $43.01, Grace Kennedy traded 20,001 stock units with a fall of $1.99 to end at $59. Jamaica Stock Exchange rose 35 cents to close at $17.50, with 134,109 shares trading. JMMB Group lost 25 cents trading of 82,352 shares at $31.75, Kingston Wharves jumped $1.90 to close at $77, with 1,112 units changing hands, Pulse Investments lost 25 cents to close at $2.90, with an exchange of 901,239 shares. Radio Jamaica rose 24 cents and settled at $1.24, with 366,704 shares, Sagicor Group climbed $1.50 and ended trading of 48,877 stock units at $40, Salada Foods jumped 57 cents trading 8,199 shares at $35, Stanley Motta rose 80 cents to end at $5, with an exchange of 5,850 shares. Sygnus Credit Investments gained 70 cents to end at $13 with an exchange of 24,206 shares and another Stock to Watch, Wisynco Group  gained 80 cents and ended trading of 194,598 shares at $11.80.
Trading in the US dollar market resulted in 83,275 units valued at US$14,233 units changing hands.  Proven Investments gained 1 cent in trading 54,975 units, with the price closing at 22 US cents, Sterling Investments traded 10,000 units at 0.0385 US cents and Sygnus Credit Investments ended with 18,300 units trading unchanged at 9 US cents. The JSE USD Equities Index advanced by 3.01 points to close at 174.10.

JSE starts November with a big fall

Having risen strongly on the last trading day for October, the Jamaica Stock Exchange slipped back to normal on Thursday with stocks giving back most of the gains of the previous day, in keeping with patterns seen at month ends and openings, going back several years.
Trading closed with 29 active securities in the main and US dollar markets, on Thursday compared to 33 on Wednesday. Prices of 8 securities rose, 16 declined, while 5 remained unchanged. At the end of market activity, the All Jamaica Composite Index dropped 3,848.34 points to close at 396,907.46 and the JSE Index dived 3,506.27 points to end at 361,627.62.
Trading closed with 53,515,060 units valued $119,025,805 compared with 36 6,766,220 units valued at $113,213,380 changing hands, on Wednesday.
Main market trading closed with 1834 Investments leading with 50,001,500 units trading, or 93.4 percent of the day’s volume, Mayberry Jamaican Equities with 1,029,435 units and 1.9 percent of volume traded and Ciboney with 764,000 units with 1.4 percent of the day’s volume.
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.
Trading resulted in an average of 1,911,252 units valued at over $4,250,922, in contrast to 225,541 shares valued at $3,773,779 on Wednesday. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Barita Investments gained $1 to close at $20, with 6,375 shares changing hands, Caribbean Cement gave up $2.79 trading 7,157 shares to close at $41.21, Grace Kennedy lost $1 and ended trading with 45,770 shares at $55, Jamaica Broilers traded 28,064 stock units, at $30 after falling $1, Jamaica Producers dropped $2.99 and finished trading 26,432 units, at $24.51, Jamaica Stock Exchange jumped $1.50 to close at a 52 weeks’ high of $11.50, exchanging 73,099 shares, JMMB Group fell $1.78 and ended at $32.02, trading 127,582 shares, Kingston Wharves gained 95 cents and finished at $75.95 with 24,474 stock units trading, NCB Financial Group added 80 cents and ended trading 160,771 shares to close at $126.80, PanJam Investment closed with a loss of $2.01 to end at $61.99, trading 14,135 stock units, Sagicor Group settled at $45 after falling $1.85, with 7,156 shares traded, Sagicor Real Estate Fund lost 57 cents to settle at $11.43, exchanging 239,704 shares, Salada Foods ended trading just 258 stock units and dropped $3.70 to end at $21.10, Scotia Group fell $1.97 to $51.03, trading 122,623 units and Supreme Ventures dropped $2.26 to close at $17.54 with 197,166 shares changing hands.
Trading in the US dollar market ended with Margaritaville being the only stock trading to end with a mere 100 units changing hands at 24 US cents. The JSE USD Equities Index remained unchanged at 163.30.

More stocks less volume trade on JSE – Tuesday

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.

Stocks dive again on JSE – Wednesday

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.

JSE in sharp drop on Wednesday

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.

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.