More gains for Junior Market – Monday

The Jamaica Stock Exchange Junior Market Index rose 24.98 points to  3,151.19 on Monday as rising stocks edged out declining ones.
The market closed on Monday with 28 securities changing hands, compared to 31 on Friday, resulting in the prices of 11 rising, 10 declining and 7 remaining unchanged with two companies ended at 52 weeks’ high and two at 52 weeks’ low.
At the close of market activities, an exchange of 2,560,330 units priced at $11,043,949 compared to 2,453,740 units valued at $12,590,576 on Friday.
Trading ended with an average of 91,440 units for an average of $394,427 in contrast to 79,153 units for an average of $406,148 on Friday. The average volume and value for the month to date amounts to 87,090 units with a value of $308,369 for each security traded, compared to 86,814 units with a value of $302,918 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with bids higher than their last selling prices and 3 closed with lower offers.
Stocks ending with price changes| Access Financial gained $3.3 to end at 46.50 with 1,400 stock units trading, AMG Packaging traded 157,887 shares, after rising 13 cents to end at $2.43, Blue Power jumped $1.49 to end at 52 weeks’ high of $7.99 with 11,000 stock units trading. Caribbean Cream ended trading with 25,000 shares, after rising 4 cents to end at $5.05, Caribbean Producers climbed 5 cents in exchanging 1,000 shares at $4.79, Consolidated Bakeries ended trading with 72,198 shares, after rising 1 cent to end at $1.80. Dolphin Cove lost 15 cents in trading 1,047 shares to close at $11.85, Derrimon Trading closed with a loss of 4 cents at $2.56, in swapping of 117,800 shares. Express Catering declined by 40 cents in trading of 106,107 units to end at a 52 weeks’ low of $5.81, Elite Diagnostic ended trading with 20,130 shares, after rising 15 cents to end at a record high of $5.15, Fosrich Group declined 23 cents in trading 125,471 units to settle at $4.68. Fontana dipped 10 cents trading 675,620 shares to close at 7.31 cents, General Accident closed 28 cents higher at $4.38, with 3,505 stock units trading, GWest Corporation ended trading with 96,535 shares, after rising 4 cents to end at $1, Honey Bun lost $1.05 cents in trading of 15,660 units at $5. iCreate Limited declined by 10 cents to settle at record low of 60 cents, in trading of 118,800 units, Jamaican Teas ended with a loss of 1 cent at $4.43 with 7,762 stock units changing hands, Lasco Distributors ended trading with 354,542 shares, after rising 13 cents to end at $3.30. Lasco Manufacturing exchanged 243,393 shares after rising 8 cents, to end at $4.28. Main Event lost 15 cents in trading of 13,570 units to close at $6.55 and Paramount Trading ended with a loss of 1 cent at 1.79 with 5,000 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

7 TTSE stocks fall 3 gain – Monday

Trading activity picked up somewhat on the Trinidad & Tobago Stock Exchange on Monday, with 356,315 shares traded for $5,188,297, compared to just 97,986 shares traded for a mere $1,303,774, on Friday.  
Market activity ended with 17 securities changing hands against 15 on Friday, at the close, 3 advanced, 7 declined and 7 remained unchanged. Three stocks closed at a 52 weeks’ lows.
At close of the market, the Composite Index added 0.34 points to end at 1,385.44. The All T&T Index dropped 4.80 points to 1,784.94, while the Cross Listed Index gained 0.77 points to close at 133.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 5 stocks with bids that were higher than their last selling prices and 2 with lower offers.
Gains| First Caribbean International Bank traded 5,000 shares after rising 3 cents to close at $8.35, Grace Kennedy added 5 cents and completed trading at $3.25, with 41,695 stock units changing hands and NCB Financial rose 5 cents and ended at $9.40, with 130,229 stock units crossing the exchange.
Losses| Ansa Merchant Bank closed with a loss of 1 cent and ended at a 52 weeks’ low of $36, in swapping of a mere 3 shares, Guardian Holdings closed with a loss of 15 cents and settled at $18.25, with 48,096 stock units trading. JMMB Group closed 1 cent lower and completed trading of 6,650 stock units at $2.49, Massy Holdings fell 4 cents to $55.05, with 1,888 stock units changing hands, National Enterprises closed with a loss of 15 cents and ended trading at a 52 weeks’ low of $6.50, with 10,445 units crossing the exchange. Scotiabank ended with a loss of 1 cent trading 8,502 shares to close at a 52 weeks’ low of $59.99 and Trinidad & Tobago NGL lost 75 cents in trading of 3,019 units to close at $28.25.
Firm Trades| Clico Investment Funds completed trading at $24.20, with 66,613 units crossing the exchange, First Citizens Bank ended at $40, in exchanging of 2,334 shares, National Flour settled at $1.70, after exchanging 5,580 shares. Prestige Holdings ended at $9.25, while swapping just 9 shares, Republic Financial completed trading of 1,307 units at $121.01, Sagicor Financial settled at $10, with 24,857 shares changing hands and Unilever Caribbean settled at $25, trading 88 units.

Prices of securities trading, are those at which the last trade took place.

Investors push Fontana from IC TOP 10

Fontana traded at a record $9.

Fontana hits a record high of $9 during trading on Friday but pulled back to close at $7.41 still higher than the $6.07 it closed at the end of the prior week and pushing the stock out of the Top 10.
Caribbean Flavours replaced Fontana in the Junior Market top 10. In the main market, Palace Amusement with opening of the Sunshine Palace scheduled for late July or early August, is expected to add to revenues and profit, replaced Jamaica Broilers.
Limners and Bards (The Lab) with a successful IPO this past week, remains on the Junior Market TOP 10. Radio Jamaica came in for increased buying in the past week that pushed the price to a 52 weeks’ high of $1.40 but pulled back on Friday, as selling pushed the price down, to close at $1.24.
In the past week, the main market continues to hit new record highs, closing the week at a near all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered losses suffered in the first half of the month. The market is still consolidating, waiting for profit results to help move it higher as it is currently highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with potential gains of 240 percent, followed by Caribbean Producers with projected gains of 238 percent and tTech with possible gains of 214 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Sygnus Credit Investments with 167 percent and Palace Amusement in third spot with the potential to gain 162 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 10.20. The PE ratio for Junior Market Top 10 stocks averages 7.1 and the main market PE 8.6. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 30 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Gains for JSE main market – Friday

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Wisynco Group traded at an all-time high of $21.

The Jamaica Stock Exchange main market closed higher on Friday as advancing stocks edged out declining ones and 3 stocks hit 52 weeks’ highs.
The JSE All Jamaican Composite Index gained 1,350.02 points to 542,866.81, the JSE Index advanced by 1,226.82 points to close at 494,312.41 and the JSE Financial Index rose 0.38 points in closing at 133.53.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 12 securities advancing, 10 declining and 11 trading firm, compared to 32 securities trading on Thursday.  Trading ended with 18,037,703 units amounting to $151,247,321 compared to 16,823,129 units valued at $203,619,459 changing hands on Thursday.  
Wigton Windfarm led trading with 10.7 million shares for 59 percent of total main market volume, Mayberry Jamaican Equities followed with 2.7 million stock units for 15 percent of total volume and Radio Jamaica with 1.97 million shares for 11 percent of the day’s volume.
The market closed with average of 601,257 units valued at an average of $5,041,577 for each security traded. In contrast to 525,723 units for an average of $6,363,108 on Thursday. The average volume and value for the month to date amounts to 1,167,747 shares valued at $14,394,134 changing hands, compared to 1,201,668  shares valued at $14,989,839 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 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 3 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $72, in trading 28,198 shares, Eppley traded 13,330 shares and lost 45 cents to close at $16.75, Grace Kennedy climbed $1.98 in trading 8,910 units, to end at $72, Jamaica Broilers traded 48,378 shares and rose 24 cents to end at $33. Jamaica Stock Exchange climbed $3 trading 44,242 units to end at a 52 weeks closing high of $38, JMMB Group slipped 49 cents to end at $53 with an exchange of 64,292 shares. Kingston Wharves traded 1,728 shares and gained $1.10 to $68, Mayberry Investments gained 25 cents trading 41,370 shares at $8.50, NCB Financial rose with a gain of $3 in exchanging 66,354 shares and ended trading at an all-time closing high of $215, PanJam Investment rose 49 cents in trading 576,609 stock units at $95. Portland JSX lost 75 cents, trading 7,800 shares to close at $7.60, Sagicor Group traded 126,854 shares after rising $1.50 in closing at $53.50, Sagicor Real Estate Fund rose $1 trading 22,921 stock units to end at $11, Scotia Group exchanged 7,019 shares with a loss of $1.48 to end at $56.02. Supreme Ventures lost 90 cents in trading 61,281 in closing at $27 and Wisynco Group climbed $1 in trading 174,156 shares to end at $21.
Trading in the US securities market resulted in 53,190 units valued $23,781 changing hands. Market activity ended with JMMB Group 5.75% preference shares traded 6,210 units at US$2, Proven Investments traded 41,810 shares to close at 25.7 US cents and Sygnus Credit Investments closed with 5,170 units changing hands at 11.99 US cents. The JSE USD Equities Index fell 0.07 points and closed at 192.06.

Nice jump for Junior Market

The Jamaica Stock Exchange Junior Market Index jumped 42.38 points to close at 3,126.21 on Friday as rising stocks beat declining ones 3 to 2.
At the close of market activities, the prices of 12 securities advanced, 8 declined and 11 remained unchanged. Fontana jumped to a 52 weeks’ intraday high of $9 but pulled at the close to trade below Thursday’s last traded price.
The market close on Friday with 31 securities changing hands, similar to Thursday, resulting in an exchange of 2,453,740 units valued at $12,590,576 compared to 1,843,387 units for $6,929,942 on Thursday.
Trading ended with an average of 79,153 units at $406,148 for each security trading, in contrast to 59,464 units for an average of $223,547 on Thursday. The average volume and value for the month to date amounts to 86,814 units with a value of $302,918 for each security traded, compared to 89,989 units with a value of $295,131 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with bids higher than their last selling prices and 4 closed with lower offers.
Stocks ending with price changes| Blue Power ended trading 20,800 shares, after rising 50 cents to end at $6.50, CAC 2000 gained $1.95 to end at $14.95 with 1,155 stock units changing hands, Cargo Handlers climbed 95 cents in exchanging 7,800 shares at $10, Caribbean Cream exchanged 5,000 shares to close at $5.01 after falling 24 cents. Consolidated Bakeries traded 11,333 units and gained 19 cents to end at $1.79, Derrimon Trading swapped 103,000 shares, after rising 12 cents to end at $2.60, Express Catering lost 14 cents in trading 56,655 units at $6.21, Elite Diagnostic closed trading with 85,338 shares, after rising 20 cents to end at $5. Fosrich Group dipped 5 cents trading 128,815 units at $4.91, Fontana declined 59 cents in trading of 874,679 units at $7.41 after hitting a new all-time high of $9 before selling came in and pushed the price down. Gwest Corporation climbed 5 cents and exchanged 19,736 shares at 96 cents, Honey Bun climbed 15 cents and exchanged 1,000 shares at $6.05, iCreate ended with a loss of 1 cent at 70 cents with 102,230 stock units changing hands. Indies Pharma ended trading with 320,470 shares, after rising 1 cent to end at $3.02, Jamaican Teas ended with a loss of 1 cent at $4.44 with 21,911 stock units changing hands, Jetcon Corporation fell 9 cents in trading 2,084 units at $1.80. Lasco Distributors closed 5 cents higher at $3.20, with 38,196 stock units trading. Iron Rock Insurance closed trading of 3,000 units with a gain of 3 cents to end at $3.53, Stationery and Office Supplies declined 1 cent, to close at 9.01, with 58,105 stock units changing hands and tTech ended trading of 27,199 shares, after rising 10 cents to end at $5.10.

Prices of securities trading for the day are those at which the last trade took place.

3 TTSE stocks rose 3 declined – Friday

JMMB Group traded at a 52 weeks’ high on the TTSE.

Trading activity declined on the Trinidad & Tobago Stock Exchange on Friday, with 97,986 shares traded for $1,303,774, compared to 274,255 shares traded for $5,433,236, trading on Thursday.
Market activity ended with 15 securities changing hands against 16 on Thursday, at the close, 3 stocks advanced, 3 declined and 9 remained unchanged.
At close of the market, the Composite Index added 2.89 points to end at 1,385.10. The All T&T Index gained 0.73 points to 1,789.74, while the Cross Listed Index gained 0.70 points to close at 132.58.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 5 stocks with bids that were higher than their last selling prices and one with a lower offer.
Gains| Clico concluded trading 20 cents and concluded at $24.20, swapping of 951 shares, JMMB Group added 15 cents and completed trading of 20,000 stock units at 52 weeks’ high of $2.50 and Trinidad & Tobago NGL jumped $2 trading 1,996 units to close at $29.
Losses| National Flour dropped 1 cent to end at $1.70, with 6,377 stock units changing hands, One Caribbean Media declined 5 cents and closed at $10.10, with an exchange of 31,833 units and Republic Financial ended trading of 4,572 units with a lost 49 cents to close at $121.01.
Firm Traded| Calypso Macro Index Fund closed at $14.25 trading 175 shares, CinemaOne concluded at $9, with 300 stock units trading, First Caribbean International Bank completed trading at $8.32, with 21,514 units. Guardian Holdings settled at $18.40, with 681 stock units changing hands, Point Lisas completed trading of 97 shares at $3.62, Prestige Holdings settled at $9.25, after exchanging 67 shares. Sagicor Financial settled at $10, after exchanging 1,000 shares, Scotiabank ended at $60, after exchanging 1,015 shares and Trinidad Cement traded 7,408 units at $2.45.

Prices of securities trading, are those at which the last trade took place.

JSE main market pulls back – Thursday

NCB hits new record close again.

The Jamaica Stock Exchange main market fresh from record close on Wednesday, pulled back sharply on Thursday with greater volume and value trading than the prior day.
The JSE All Jamaican Composite Index dived 5,046.94 points to close 541,516.79, the JSE Index dropped 4,586.34 points to 493,085.59 and the JSE Financial Index slipped 1.31 points in closing at 133.15.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 15 securities advancing, 10 declining and 8 trading firm, compared to 32 securities trading on Wednesday.  Trading ended with 16,823,129 units amounting to $203,619,459 compared to 10,907,156 units valued $142,771,368 changing hands on Wednesday.
Wigton Windfarm led trading with 7.5 million shares for 45 percent of total main market volume, Carreras followed with 4.7 million stock units for 28 percent of total volume and Scotia Group with 1 million shares for 6 percent of the day’s volume.
The market closed with average of 525,723 units valued at an average of $6,363,108 for each security traded. In contrast to 340,849 units for an average of $4,461,605 on Wednesday. The average volume and value for the month to date is 1,201,668 shares amounting to $14,989,839 changing hands, compared to 1,247,788 shares valued at $15,618,666 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 3 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $73, in trading  83,128 shares, Caribbean Cement traded 11,813 shares with a rise of 50 cents to close at $80, Grace Kennedy dropped $2.48 trading 166,341 units, to end at $70.02, Jamaica Broilers traded 40,015 shares with a loss of $1.19 to end at $32.76. Jamaica Producers exchanged 4,504 stock units and rose $1.35 to close at $28, Jamaica Stock Exchange climbed $2 trading 66,776 units to end at $35, JMMB Group gained $1.49 to end at $53.49 with an exchange of 381,781 shares. Kingston Wharves traded 23,121 shares but fell $3.08 to $66.90, NCB Financial rose with a gain of $2 in exchanging 40,509  shares and ended trading at a an all-time closing high of $212, PanJam Investment lost 59 cents in trading 297,401 stock units at $94.51, Proven Investments dropped $4.98, trading 22,508 shares to close at $36.02. Sagicor Real Estate Fund dropped $1.80 trading 432,330 stock units to end at $10, Scotia Group exchanged 1,021,874 shares to add  35 cents and ended at $57.50, Seprod rose 90 cents to close at $46 while trading 12,835 shares, Sygnus Credit Investments gained 50 cents to $15, in trading 31,183 units and Wisynco Group traded 350,290 shares to gain 45 cents and ended at $20.
Trading in the US securities market resulted in 8,173 units valued US$2,100 changing hands. Market activity ended with Proven Investments being the sole stock trading in the sector to close at 25.7 US cents. The JSE USD Equities Index closed unchanged at 192.13.

Junior Market trims gains

Fontana ended at a record close of $8 on Thursday.

The Jamaica Stock Exchange Junior Market Index declined 23.72 points to close at 3,083.83 on Thursday as declining stocks doubled those rising but the IC bid-offer Indicator points to a positive market on Friday.
At the close of market activities, the prices of 7 securities advanced, 15 declined and 9 remained unchanged. Fontana jumped to a 52 weeks’ closing high of $8 and Express Catering traded at an intraday low of $6.
The market close on Thursday with 31 securities changing hands compared to 26 on Wednesday, resulting in an exchange of 1,843,387 units for $6,929,942 compared to 1,982,466 units valued at $6,630,174 on Wednesday.
Trading ended with an average of 59,464 units for an average of $223,547 in contrast to 76,249 units for an average of $255,007 on Wednesday. The average volume and value for the month to date amounts to 89,989 units with a value of $295,131 for each security traded, compared to 89,671 units with a value of $300,971 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| Blue Power lost 15 cents in trading 14,924 units at $6, CAC 2000 closed trading of 555 units and gained 24 cents to end at $13, Cargo Handlers close with a loss of $1.95 at $9.05, in swapping of 1,100 shares. Caribbean Cream dipped 18 cents in trading of 7,000 units at $5.25, Caribbean Producers ended with a loss of 1 cent at $4.74 with 5,354 stock units changing hands. Consolidated Bakeries shed 19 cents in trading 1,000 units at $1.60, Derrimon Trading shed 2 cents in trading 15,756 units at $2.48, Express Catering lost 15 cents in trading of 5,532 units to close at $6.35. Everything Fresh lost 6 cents in trading 230,225 units at $1.30, Elite Diagnostic ended market activity exchanging 20,309 shares to close at $4.80 after falling 5 cents. Fosrich Group dipped 4 cents in trading of 11,437 units at $4.96, Fontana climbed 85 cents and exchanged 83,320 shares at a record high of $8, GWest Corporation closed trading of 171,006 units with a gain of 9 cents to end at 91 cents, Honey Bun dipped 15 cents in trading of 10,000 units at $5.90. iCreate fell 2 cents in trading 9,496 units at 71 cents, Indies Pharma declined 2 cents in trading of 80,365 units to close at $3.01, Jamaican Teas climbed 1 cent in exchanging 19,777 shares at $4.45, Lasco Distributors closed 5 cents higher at $3.15, with 680,499 stock units trading. Lasco Financial ended trading with 104,594 shares, after rising 10 cents to close at $4.60, Medical Disposables declined 23 cents in trading 6,160 units at $6.70, Stationery and Office Supplies shed 48 cents in trading 217,587 units to close at $9.02, tTech shed 25 cents in trading of 6,000 units to end at $5. In the junior market preference segment, Derrimon Trading climbed 5 cents and exchanged 6,114 shares at $2.05.

Prices of securities trading for the day are those at which the last trade took place.

Rising & declining TTSE stocks even

Trading picked up on the Trinidad & Tobago Stock Exchange on Thursday, with 274,255 shares traded for $5,433,236, compared to 95,948 units with a value of $1,974,730, trading on Wednesday.
Market activity ended with 16 securities changing hands against 17 on Thursday, at the close, 3 stocks advanced, 3 declined and 10 remained unchanged.
At close of the market, the Composite Index added 0.07 points to close at 1,382.21. The All T&T Index gained 0.14 points to 1,789.01, while the Cross Listed Index remained unchanged at 131.88.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 5 stocks with bids that were higher than their last selling prices and one with a lower offer.
Gains| Guardian Holdings gained 30 cents with ended at $18.40, with 44,628 stock units changing hands, Massy Holdings added 1 cent and concluded trading at 5,452 stock units at $55.09 and Point Lisas increased 17 cents to close at $3.62, with 89,000 stock units trading.
Losses| Calypso Macro Index Fund lost 25 cents and closed at $14.25 with 75 shares trading, Clico Investment Fund declined 15 cents after exchanging 24,204 shares to close at $24 and Trinidad & Tobago NGL lost $1.05 trading 42,223 units to close at $27.
Firm Traded| First Caribbean International Bank completed trading at $8.32, with 1,200 stock units trading, First Citizens Bank settled at $40, with 4,390 units, Grace Kennedy concluded trading of 34,106 stock units at $3.20, NCB Financial closed trading at $9.35, after exchanging 2,092 shares, One Caribbean Media ended at $10.15, with 10,000 stock units changing hands. Republic Financial concluded at $121.50, with 14,535 stock units trading, Sagicor Financial settled at $10, after exchanging 1,450 shares, Scotiabank concluded at $60, with 342 stock units changing hands, West Indian Tobacco ended at $110.25, with just 8 stock units changing hands and Trinidad Cement ended at $2.45, with investors exchanging 550 shares

Prices of securities trading are those at which the last trade took place.

Record close for JSE main market – Wednesday

Investors pushed the Jamaica Stock Exchange to a new record close on Wednesday, as NCB Financial traded as high as $219.99 and the All Jamaican Composite Index crossed the 550,000 mark during the day. 
The JSE All Jamaican Composite Index jumped 7,926.92 points to close 546,563.73, the JSE Index climbed 7,203.49 points to a record close of 497,671.93 and the JSE Financial Index rose 2.43 points in closing at 134.46 points.
In the morning session, the JSE All Jamaican Composite Index leaped 12,035.55 points to a record high  of 550,672.36, the JSE Index  jumped 10,937 points to a record of 501,405.60.
Market activity resulted in 32 securities trading in the main and US dollar markets, leading to 17 securities advancing, 12 declining and 6 trading firm, compared to 37 securities trading on Tuesday.  Trading ended with 10,907,156 units valued $142,771,368 compared to 21,525,203 units valued$799,361,615 changing hands on Tuesday. Wigton Windfarm dominated trading with just 4.3 million shares for 40 percent of total main market volume, well down on the usually large volume, the stock traded at for most of the days since it listed in April. 1834 Investments followed with 1.7 million stock units for 16 percent of total volume and Supreme Ventures with 1.2 million shares for 11 percent of the day’s volume.
The market closed with average of 340,849 units valued at an average of $4,461,605 for each security traded, in contrast to 615,006 units for an average of $22,838,903 on Tuesday. The average volume and value for the month to date amounts to 1,247,788 shares valued at $15,618,666 changing hands, compared to 1,314,200 shares at $16,495,880 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
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 lower offers.
In the main market activity, Barita Investments dropped $1 to end at $74, in trading 9,039 shares, Caribbean Cement traded 24,264 shares with a rise of 49 cents to close at $79.50, Eppley exchanged 3,650 shares and gained $1.25 to end at $17.25, Grace Kennedy gained $2.49 in trading 4,120 units, to end at $72.50. Jamaica Broilers traded 33,388 shares and gained $1.20 to end at $33.95, Jamaica Producers exchanged 105,258 stock units but lost 85 cents to close at $26.65, Jamaica Stock Exchange lost $1.50 in trading 81,966 units to end at $33, JMMB Group lost $1.50 to end at $52 with an exchange of 86,345 shares. PanJam Investment rose 59 cents in trading 164,175 stock units at $95.10, Proven Investments jumped $4.95, trading 23,895 shares to close at a record high of $41, Sagicor Group dropped $2.49 trading 137,078 stock units to end at $52. Seprod rose 90 cents to close at $46 while trading 12,835 shares and Supreme Ventures added $1.85 to close at $27.85 in trading with 1,209,059 shares and Sygnus Credit Investments lost 62 cents to $14.50, in trading 10,000 units.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with JMMB Group 6% preference share rose 4 cents in trading 84,469 units at $1.04, Proven Investments traded 21,865 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.04 cents to 11.99 US cents, in trading 1,480 units. The JSE USD Equities Index closed unchanged at 192.13.