JSE main market rise again- Tuesday

The Jamaica Stock Exchange ended on Tuesday with gains in the indices for a second day. At the close the JSE All Jamaican Composite Index gained 731.91 points to 317,872.87 and the JSE Index advanced by 666.86 points to 289,618.13.
Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with as 9 advanced, 10 declined and 9 traded with prices unchanged.
The securities with the largest price changes include, Caribbean Cement with a fall of $1.80 to $31.20 and Scotia Group with a gain of 90 cents to end at $51.50.
Market activity ended with 2,910,640 shares valued at $68,467,853, in contrast to 4,327,589 shares valued at $91,755,917 on Monday.
Scotia Group with 733,630 units traded was the leading security trading followed by Ciboney Group with 474,739 units and Sagicor Real Estate Fund with 337,800 units.
The market closed with average of 111,948 units trading with an average of $2,633,379 for each security traded. In contrast to 160,281 units for an average of $3,398,367 on Tuesday. The average volume and value for the month to date amounts to 161,245 units valued at $3,699,796 and previously, 181,777 units valued at $2,865,105. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
Traded in the US dollar market ended with Margaritaville lost 2 cents and settled at 19 US cents with 4,780 units and Proven Investments exchanging 14,213 ordinary shares, as the price closed at 22 US cents. The total value of US$4,070 and the JSE US Equities Index rose 85 points to 168.60.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 2 with lower offers.
For more details of market activities see – Moderate JSE main market trading – Tuesday.

Gains for JSE main market – Monday

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index climbing 1,009.19 points to 317,140.96 and the JSE Index gaining 919.48 points to 288,951.27.
Market activity ended with 4,327,589 shares valued at $91,755,917 changing hands, in contrast to 3,062,698 shares valued at a mere $31,052,068 on Friday.
The major contributors to the total volume in the market was JMMB Group with 3,074,791 shares traded with the next being Wisynco Group with 282,109 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 9 falling and 8 trading firm as 29 securities changed hands, including just 1 from the US market versus 28 that traded on Friday.
The securities with the largest price changes include, Grace Kennedy with a gain of $1 to $44, Kingston Wharves up $1 to $42 and PanJam Investment rose 95 cents to $41 and Jamaica Producers lost $1.77 to $15.50.
The US market closed with Proven Investments exchanging 7,978 ordinary shares, as the price gained 1 cent to close at 22 US cents, with a value of US$1,722 and the JSE US Equities Index rose 2.75 points to 167.75.
Trading closed with an average of 160,281 units valued at an average of $3,398,367 for each security traded. In contrast to 117,781 units valued at an average of $1,194,310 on Friday. The average volume and value for the month to date amounts to 181,777 units valued at $2,865,105 and previously, 183,585 units valued at $2,815,964. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer reading shows 9 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
For more details of market activities see –JMMB dominates JSE trading.

JSE majors pulled back on Thursday

Interest rates are falling and will drive stocks higher in 2018.

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,047.87 points to 316,926.39 and the JSE Index declining by 954.73 points to 288,755.78.
Main market activity closed with 3,856,461 shares valued at just $40,581,082 changing hands, in contrast to 5,490,162 shares valued at a mere $27,746,053 trading on Tuesday, the day before the Ash Wednesday break.
The major contributors to the total volume in the market include, Wisynco Group with 905,215 units followed by Radio Jamaica with 745,339 units and Ciboney Group with 482,108 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 12 falling, 8 trading firm as 31 securities changed hands, including 3 from the US market. Trading took place in 31 securities on Thursday.
The securities with the largest price changes include, Jamaica Producers rising $1.87 to $17.47, Mayberry Investments with a gain of 90 cents to $6.05, Kingston Wharves losing $1.60 to $41, while PanJam Investment fell $1.80 to $40.05 and Scotia Group lost $1.45 to end at $50.55.
The US market closed with Margaritaville lost 1 cents and closed trading at 1 US cent with 5,000 shares and Proven Investments exchanged 16,820 ordinary shares, to close at 21 US cents. JMMB 6% preference share ended at $1.08 with 400 stock units trading. The market closed with just 22,220 shares trading with a value of US$5,122 and the JSE US Equities Index rising 1.59 points to close at 166.82.
Market activity ended with an average of 137,731 shares valued at $1,449,324, in contrast to 189,316 shares valued at $956,760 on Tuesday. The average volume and value for the month to date amounts to 189,385 units valued at $2,973,878 and previously, 182,709 units valued at $3,152,487. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – Subdued trading on Thursday sinks JSE index.

JSE in big rise again – Tuesday

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Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index climbing 1,439.19 points to 317,974.26 and the JSE Index advancing by 1,311.26 points to 289,710.51.
Tuesday was the second consecutive day with gains of more than 1,300 in the market indices. The number of securities trading, rose above that on Monday, but the value traded fell sharply. Main market activity ended with 5,490,162 shares valued at a mere $27,746,053 changing hands, in contrast to 6,473,345 shares valued at $82,423,988 trading on Monday.
Main and US market activities ended with moderate trading levels, leading to prices of 8 securities rising, 14 falling, 9 trading firm as 31 securities changed hands, including 2 from the US market versus 27 that traded on Monday.
The major contributors to the total volume in the market include Ciboney with over 970,000 units, 1834 Investments trading over 2.3 million units, Radio Jamaica with more than 520,000 units and Wisynco with just over 800,000 units. Kingston Wharves jumped $5.55 to a new record high of $42.60, Barita Investments rose 94 cents to end at $8.45, while PanJam Investment rose $1.85 to $41.85, but NCB Financial lost 95 cents to close at $99, Salada Foods fell $1.49 to $10.51 and Scotia Group lost $1 to end at $52.
The US market closed with Margaritaville concluded trading at 22 US cents with 2,835 shares and Proven Investments fell 1.95 cents in exchanging 4,474 ordinary shares, to close at 21 US cents. The market closed with 132,964 shares trading with a value of US$27,986 and the JSE US Equities Index falling 8.95 points to close at 165.23.
Market activity ended with an average of 189,316 shares valued at $956,760, in contrast to 258,934 shares valued at $3,296,960 on Monday. The average volume and value for the month to date amounts to 182,709 units valued at $3,152,487 and previously, 181,904 units valued at $3,455,707. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.

For more details of market activities see – Kingston Wharves jumps $5.55 to new high

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JSE main market dropped on Wednesday

Trading on the Main Market of the Jamaica Stock Exchange ended on Wednesday as the JSE All Jamaican Composite Index fell 701.49 points to 314,200.56 and the JSE Index declined by 639.13 points to 286,272.26.
Main and US market activities ended with moderate trading levels leading to prices of 9 securities rising, 10 falling, 11 trading firm as 30 securities traded, including 1 from the US market versus 29 on Tuesday.
Main market activity ended with 8,750,362 shares valued at $150,223,412 changing hands, in contrast to 1,619,946 shares valued at $24,684,399 trading on Tuesday.
The US market closed with Proven Investments exchanging 538,360 ordinary shares, at 22.95 US cents, with a value of US$124,579 and leading to the JSE US Equities Index falling 2.99 points to close at 171.11.
Market activity ended with an average of 312,513 shares valued at $5,365,122, in contrast to just an average of 57,855 shares valued at $881,587 on Tuesday. The average volume and value for the month to date amounts to 175,215 units valued at $3,541,807 and previously, 138,250 units valued at 2,267,631. January closed with average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and just 1 closed with a lower offer.
Major price changes at the close of the market are, Kingston Wharves gained $1 to a 52 weeks’ high of $36.50, Jamaica Broilers lost $1 to $18, Sagicor Group rose $1.25 to $36 and Sterling investments lost 90 cents to close at a low of $9.10. Dominating trading, are Ciboney that traded 1.295 million units, PanJam Investment 1.5 million shares and Sagicor Real Estate Fund clearing 3.26 million units.

For more details of market activities see – 9 JSE stocks rose 10 fell – Wednesday.

JSE market index tumbles on Thursday

Trading on the Main Market of the Jamaica Stock Exchange was moderate on Thursday with 23 securities changing hands resulting in just 3,755,947 units valued at $24,471,583, compared to 8,130,384 units valued at $56,308,791 on Wednesday.
The market closed with gains in 8 securities while 9 declined and 6 traded firm leading to the JSE All Jamaican Composite Index dropping 3,468.82 points to close at 313,564.81 and the JSE Index sinking 3,160.49 points to close at 285,693.01.
Trading ended with an average of 163,302 units for an average value of $1,063,982 in contrast to 353,495 units for an average of $2,448,208 on Wednesday. The average volume and value for the month to date amounts to 285,021 units, valued at $3,369,155 and an average of 307,065 units valued at $3,786,627 previously. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
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 2 with a lower offer.
Berger Paints rose $1, Caribbean Cement gained 99 cents, Mayberry Investments jumped 75 cents and Sagicor Group lost $2, the other notable trade was Ciboney, with the largest volume traded of 1.59 million shares.

JSE majors climbed at week end

Scotia Investments traded 2 million sahres on Friday.

Trading closed on Friday with the majority of stocks rising in the main market of the Jamaica Stock Exchange leading to recovery in the market indices with 25 securities changing hands with 1 trading in the US dollar market. At the end of trading, 12 stocks advanced and 6 declined.
Trading ended in main market with 2,910,852 units valued at $97,817,290 compared to 12,546,567 units valued at $314,956,099 at the close on Thursday. Trading in the US dollar market accounted for a mere 250 units valued at US$75.
The All Jamaica Composite Index gained 1,335.21 points to close at 250,770.85 the JSE Market Index advanced 1,216.53 points to finish at 228,480.66 and the JSE US dollar market index gained 2.74 points to close at 219.00.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 5 with lower offers.
The main market ended trading with an average of 116,434 units valued at $3,912,692 per security compared to an average of 238,986 units and $466,995 on Thursday. The average trade for the month to date ended at 454,388 units and $5,508,794 versus an average of 464,688 units and $5,641,802 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints lost 48 cents and closed at $13.52, in trading 45,730 shares, Cable and Wireless closed at $1.40, gaining 4 cents with trades of 69,032 shares, Caribbean Cement traded 80,949 units at $32. Carreras closed at $75, with gains of 99 cents, exchanging 324 shares, Grace Kennedy closed at $44.50, with 46,392 units changing hands, Jamaica Broilers closed 11 cents lower at $16.80 trading 15,649 shares, Jamaica Producers closed at $15.50, exchanging 950 shares, Jamaica Stock Exchange gained 55 cents to close at $8.50, with an exchange of 17,958 shares. JMMB Group closed 70 cents higher at $19.70, trading 28,174 units, Kingston Wharves gained 49 cents to close at $31.50 trading 6,650 units, Mayberry Investments closed at $4.75, with gains of 20 cents, exchanging 8,500 shares, NCB Financial Group traded at $65, with 45,850 shares changing hands, 1834 Investments gained 2 cents to close at $1.50, with an exchange of 65,558 shares, 138 Student Living lost 3 cents, closing at $4.46 with 938 units traded, Pan Jamaican closed 35 cents lower to $34.65 trading 84,581 shares. Radio Jamaica gained 3 cents to close at $1.79 with trades of 9,565 shares, Sagicor Group gained 20 cents and closed at $33.50, trading 177,474 shares, Sagicor Real Estate Fund closed at $10.05, with 37,732 shares being exchanged, Salada closed 40 cents lower to 52 weeks’ low of $6.50, with 3,870 shares changing hands, Scotia Group closed at $41, with a loss of 90 cents, exchanging 106,302 units, Scotia Investments closed 7 cents higher at $37.08 trading 2,000,000 shares, Sterling Investments gained 15 cents to close at $17.15 with trades of 1,180 units, Supreme Ventures closed at $6.38, gaining 27 cents in swapping 55,750 shares. Proven Investments closed at 30 US cents, trading 250 ordinary shares, JMMB Group 7.25% preference share closed at $1.50 with 994 units changing hands and JMMB Group 7.50% preference share closed at $1.05 with trades of 750 units.

Stocks rise 2 for every 1 falling -Thursday

Sagicor Group traded 2.2 million shares on Thursday.

Trading in the main market of the Jamaica Stock Exchange closed on Thursday with 27 securities changing hands with 2 trading in the US dollar market leading to 14 stocks advancing and 7 declining.
Trading levels in main market ended at 12,546,567 units valued at $314,956,099 compared to 3,999,238 units valued at $59,651,337 at the close on Wednesday. Trading in the US dollar market accounted for 133,258 units valued at US$44,491.
The All Jamaica Composite Index shed 900.51 points to close at 249,435.64 the JSE Market Index fell 820.47 points to finish at 227,264.13 and the JSE US dollar market index lost 2.74 points to close at 216.26.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 464,688 units valued at $11,665,041 for each security traded compared to an average of 159,970 units valued at $2,364,549 for each security traded, on Wednesday. The average volume for the month to date ended at 482,551 units carrying an average value of $5,641,802 versus 484,175 units valued at $5,094,235 for each security on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments rose 10 cents to close at $7.10 with trades of 1,360 units, Berger Paints closed at $14, gaining 7 cents while trading 64,890 shares, Cable and Wireless closed at $1.36, added 1 cent with an exchange of 88,650 shares, Caribbean Cement traded 30,875 units at $32. Carreras closed at $74.01, after rising 1 cent in exchanging 281,265 shares, Grace Kennedy jumped $2.50 and closed at $44.50, trading 131,680 units, Jamaica Broilers closed 11 cents higher to $16.91 with 1,514,601 shares changing hands, Jamaica Producers closed at $15.50, with an addition of 9 cents, exchanging 133,019 shares, Jamaica Stock Exchange lost 5 cents to close at $7.95, with 55,514 shares changing hands. JMMB Group closed 2 cents higher to $19, trading of 65,550 units, Kingston Wharves gained 1 cent to close at $31.01 trading 20,146 units, Mayberry Investments lost 15 cents to close at $4.55 exchanging 1,020 shares, NCB Financial Group traded $5 lower to close at $65, with 1,133,567 shares changing hands, 1834 Investments closed at $1.48, losing 2 cents with an exchange of 3,729 shares, PanJam Investment traded 63,059 shares at $35. Portland JSX rose 20 cents, to close at $10.20, with 26,113 units being exchanged, Pulse Investments closed 5 cents higher to $8.05 trading 2,000 shares, Radio Jamaica gained 11 cents to close at $1.76 with trades of 5,567,701 shares, Sagicor Group closed at $33.30, gaining 5 cents trading 2,201,519 shares, Sagicor Real Estate Fund closed at $10.05, with 10,181 shares traded, Salada Foods closed 15 cents lower at a new 52 weeks’ low of $6.90, with 450 shares changing owners, Scotia Group closed at $41.90, with gains of $1.90 exchanging 394,502 units, Scotia Investments closed at $37.01 trading 600,000 shares, Seprod traded 21,235 units at $35, Supreme Ventures shed 4 cents and closed at $6.11, exchanging 87,164 shares. Proven Investments closed at 30 US cents with trades of 126,928 ordinary shares, Jamaica Public Service 9.5% preference share lost $6.50 to close at $1,276.50 with an exchange of 45,277 units, JMMB Group 7.5% preference share traded at $1.05 with 1,500 units changing hands, and JMMB Group US 6% preference share closed at US$1.10 with trades of 6,330 units.

Upper hand for falling stocks on Tuesday

NCB hits a new high of $75 on Tuesday in trading on the JSE.

Declining stocks had the upper hand in trading in the main market of the Jamaica Stock Exchange at the close on Tuesday with 27 securities changing hands with 1 trading in the US dollar market. The markets closed with 7 stocks advancing and 12 declining.
Trading levels in main market ended at 4,459,136 units valued at $97,369,402 compared to 1,824,130 units valued at $21,197,848 at the close on Thursday, ahead of the Easter holiday break. Trading in the US dollar market accounted for 56,525 units valued at US$16,658.
The All Jamaica Composite Index advanced 378.10 points to close at 248,706.47 the JSE Market Index gained 344.49 points to finish at 226,599.78 and the JSE US dollar market index lost 8.42 points to close at 215.62.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and none closed with a lower offer.
The main market ended trading with an average of 340,219 units valued at $3,606,274 per security traded compared to an average of 82,915 units at an average value of $963,539 on Thursday. The average volume for the month to date ended at 534,102 units with an average value of $5,367,204 versus 555,645 units valued at $5,562,862 per security traded on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments gained 10 cents to close at $7, with 59,000 shares changing hands, Berger Paints closed at $14 with trades of 5,100 shares, Cable and Wireless closed at $1.30 with an exchange of 434,033 shares, Caribbean Cement closed $2 lower at $30 with 86,694 units changing hands. Carreras closed at $74, gaining $1 exchanging 4,308 shares, Grace Kennedy closed at $42.80, with a loss of $1.20 trading 23,192 units, Jamaica Broilers gained 10 cents to close at $17 with 31,773 shares changing hands, Jamaica Producers closed at $15, with a loss of 50 cents exchanging 100,177 shares, Jamaica Stock Exchange closed 95 cents lower at $7, with a sale of 939,133 shares. JMMB Group closed 25 cents higher at $18.65, trading of 39,681 units, Kingston Properties traded at $15.95 with 200 shares changing hands, Kingston Wharves closed $1 lower to $30 trading 38,797 units, NCB Financial Group traded at a new intraday high of $75 but failed to hold on to the gain at the end of trading to end with 38,440 shares trading at $65, 1834 Investments gained 2 cents to close at $1.50, trading 10,000 shares, 138 Student Living closed at $4.49 with 63,500 units traded, PanJam Investment closed at $34.66, after losing 34 cents with 39,662 shares changing hands. Pulse Investments traded 4,900 units at $8,Radio Jamaica lost 15 cents to close at $1.60, with an exchange of 52,330 shares, Sagicor Group closed at $33.05, gaining 3 cents with an exchange of 2,253,648 shares, Sagicor Real Estate Fund closed at $10.05, with a loss of 5 cents and 7,200 shares traded, Scotia Group jumped $2.75 to $41.50, with an exchange of 43,366 units, Seprod lost $4 to close at $35, trading 4,532 shares, Supreme Ventures closed at $6.38, with 78,390 shares changing hands. Proven Investments closed at 30 US cents, losing 1 US cent exchanging 56,625 ordinary shares, Jamaica Money Market 7.25% preference share lost 9 cents, closing at $2.41 with 500 units changing owners, Jamaica Money Market 7.5% preference share traded 100,000 units at $1.81, having lost 19 cents, JMMB Group 7.25% preference share closed at $1.50 with 430 units traded and JMMB Group 7.5% preference share traded 150 units at $1.10.

NCB Financial at record high – Thursday

NCB Financial at record high of $66.90 during trading on the Jamaica Stock Exchange on Thursday but closed lower by the close of the market. Trading ended with 22 securities changing hands with 2 trading in the US dollar market. In the main market, 4 stocks advanced and 12 declined in the main market.
Trading levels in main market ended at 1,824,130 units valued at $21,197,848 compared to 1,277,639 units valued at $27,093,095 at the close on Wednesday. Trading in the US dollar market accounted for 89,780 units valued at US$27,565.
The All Jamaica Composite Index fell 316.66 points to close at 248,328.37 the JSE Market Index declined 288.51 points to finish at 226,255.29 and the JSE US dollar market index gained 5.11 points to close at 2224.04.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 82,915 units compared to an average of 58,075 units on Wednesday. The average volume for the month to date ended at 555,645 units versus 614,736 units on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Berger Paints gained 48 cents to close at $14 with an exchange of 13,177 shares, Cable and Wireless closed at $1.30 with trades of 548,326 shares, Caribbean Cement closed 99 cents lower to $32 with 10,531 units changing hands. Carreras closed at $73, losing 1 cent with trades of 1,842 shares, Grace Kennedy closed at $44, with a loss of 9 cents trading 20,740 units, Jamaica Broilers closed at $16.90, losing 10 cents trading 100,628 shares, Jamaica Producers closed at $15.50 with 5,386 shares changing owners, Jamaica Stock Exchange closed at $7.95, with an exchange of 126,701 shares. JMMB Group closed at $18.40, with a loss of 25 cents trading 523,138 units, Kingston Properties traded at $15.95 losing 5 cents with 530 shares changing hands, Kingston Wharves closed 10 cents lower to $31 exchanging 1,676 units, Mayberry Investments lost 20 cents to close at $4.50 trading 18,300 shares, NCB Financial Group closed at $65, after trading at an intraday high of $66.90 and exchanging 43,392 shares, 1834 Investments traded at $1.48 exchanging 38,171 units, Pan Jamaican closed at $35 with 11,900 shares changing hands. Radio Jamaica lost 4 cents to close at $1.75 with trades of 20,488 shares, Sagicor Group closed at $33.02, after losing 48 cents in exchanging 16,970 shares, Sagicor Real Estate Fund closed at $10.10, with a loss of 10 cents and 989 shares traded, Scotia Group closed $1.24 lower to $38.75, with an exchange of 17,697 units, Supreme Ventures closed at $6.38, gaining 28 cents with trades of 300,681 shares. Margaritaville Turks gained 0.03 US cents to close at just over 26 US cents with 1,600 units traded, Proven Investments closed at 31 US cents exchanging 88,180 ordinary shares, JMMB 7.25% preference share gained 9 cents, closing at a 52 weeks’ high of $2.50 with 2,667 units changing owners and JMMB Group 7.25% preference share traded 200 units at $1.50.