Junior Market recovers early July losses

Fontana’s Waterloo Road branch. The company’s stock traded at an all-time high of $7.25 on Wednesday.

The Junior Market of the Jamaica Stock Exchange rose on Wednesday with the market Index rising 31.02 points to close at 3,107.55 resulting in full recovery of the 90 points loss in first half of July.
The market closed still below the level reached in of 3,165.12 points the index closed at on the first day in July.  On Wednesday with 26 securities changing hands compared to 32 trading on Tuesday, and resulted in an exchange of 1,982,466 units valued at $6,630,174 compared to 2,823,887 units valued at $8,379,276 on Tuesday.
At the close of market activities, the prices of 13 securities advanced, 5 declined and 8 remained unchanged. Fontana jumped to a 52 weeks’ closing high of $7.15 and Consolidated Bakeries trading at an intraday low of $1.60.
Trading ended with an average of 76,249 units for an average of $255,007 in contrast to 88,246 units for an average of $261,852 on Tuesday. The average volume and value for the month to date amounts to 89,671 units with a value of $300,971 for each security traded, compared to 90,656 shares valued at $304,347 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 2 stocks ended with bids higher than their last selling prices and 3 closed with lower offers.
Stocks ending with price changes| AMG Packaging dipped 13 cents in trading 16,652 units at $2.30, Caribbean Producers slipped 4 cents in trading of 27,414 units at $4.75, Consolidated Bakeries ended with a loss of 1 cent at $1.79 with 112,883 stock units changing hands, Everything Fresh ended trading with 52,714 shares, after rising 6 cents to end at $1.36. Elite Diagnostic climbed 5 cents and exchanged 228,566 shares at $4.85, Fosrich Group closed 4 cents higher at $5, with 209,864 stock units trading, Fontana gained $1.05 to end at a 52 weeks’ high of $7.15, trading 87,465 stock units, General Accident climbed 20 cents exchanging 6,688 shares to end at $4.10. Gwest Corporation gained 1 cent to end at 82 cents, in trading 284,451 shares, Honey Bun closed trading of 19,210 units and gained 5 cents to end at $6.05, iCreate ended trading with 127,464 shares, after rising 2 cents to end at 73 cents, Indies Pharma climbed 2 cents and exchanged 368,800 shares at $3.03. Jetcon Corporation traded 465 shares, after rising 19 cents to end at $1.89, KLE Group exchanged 20,000 shares, after rising 2 cents to end at $1.72, Lasco Financial lost 20 cents in trading 27,752 shares to close at $4.50. Main Event ended trading with 114,524 shares, after rising 30 cents to end at $6.70, Ironrock Insurance closed trading of 60,334 units with a gain of 15 cents to end at $3.50 and tTech declined 25 cents in trading of 1,811 units to close at $5.25.

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

Trading dips on TTSE – Wednesday

Trading activity picked up on the Trinidad & Tobago Stock Exchange on Wednesday with 95,948 shares valued $1,974,730 trading, compared to 308,036 shares valued $6,367,532 on Tuesday.
Market activity ended with 15 securities trading against 17 on Tuesday. At the close on Wednesday, two stocks advanced, 8 declined and 5 remained unchanged.
At close of the market, the Composite Index fell 4.06 points on Wednesday to 1,382.14. The All T&T Index slipped 0.88 points to 1,788.87, while the Cross Listed Index shed 1 point to close at 131.88.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 3 stocks with bids that were higher than their last selling prices and 2 with lower offers.
Gains| JMMB Group ended trading with a gain of 5 cents at $2.35, with an exchange of 300 units and Trinidad & Tobago NGL gained 55 cents trading 25,686 units to close at $28.05.
Losses| Clico Investment Fund declined 5 cents trading 750 units at $24.15, Angostura Holdings ended trading 20 cents lower to settle at $15.79, with 11,853 stock units changing hands, First Citizens Bank fell 10 cents and ended at $40, with 6,232 stock units trading. Grace Kennedy closed with a loss of 3 cents and completed trading at $3.20, with an exchange of 22,561 shares. Guardian Holdings lost 30 cents and settled at $18.10, trading 213 units, Massy Holdings lost 1 cent trading 1,050 stock units at $55.08, NCB Financial fell 15 cents and ended at $9.35, after exchanging 4,500 shares and West Indian Tobacco closed 2 cents down to settle at $110.25, with 75 units crossing the exchange.
Firm Traded| First Caribbean International Bank ended at $8.32, with investors exchanging 6,774 shares, Republic Financial completed trading at $121.50, with an exchange of 1,485 shares, Sagicor Financial settled at $10 after exchanging 9,193 shares, Scotiabank completed trading at $60, with investors exchanging 4,106 shares and Unilever Caribbean settled at $25, with 170 units changing hands.

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

New record for JSE main market – Tuesday

NCB Financial jumps to record close of $210 on on Tuesday.

Investors pushed the Jamaica Stock Exchange to a new record close on Tuesday, as trading levels remained elevated, with 35 securities changing hands in the main market as two stocks closed at record highs.
The JSE All Jamaican Composite Index jumped 3,818.78 points to end at a record close of 538,636.81, the JSE Index climbed 3,470.27 points to close at record of 490,468.44 and The JSE Financial Index rose 0.57 points in closing at 132.03.
Market activity resulted in 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 36 securities trading on Monday. Trading ended with 21,525,203 units valued $799,361,615, compared to 107,625,972 units valued $2,479,735,496 changing hands on Monday.  
Wigton Windfarm led trading with 9.55 million shares for 44 percent of total main market volume, followed by PanJam Investment with 4.3 million stock units for 20 percent of total volume and JMMB Group with 2.6 million shares for 12 percent of the day’s volume. Also trading good volumes were Scotia Group with  2,063,886 shares and Proven Investments that ended at record close and exchanged 2,060,886 shares in the main market. NCB Financial also ended trading at a record close.
The market closed with average of 615,006 units valued at $22,838,903 for each security traded, in contrast to 3,363,312 units valued at $77,491,734 on Monday. The average volume and value for the month to date amounts to 1,314,200 shares valued at $16,495,880 changing hands, compared 1,375,075 shares valued at $15,899,090 for each securities 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 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments dropped $3.89 to end at $75, in trading 27,385 shares, Berger Paints traded 35,880 shares with a rise of 80 cents to close at $18.95, Eppley exchanged 250,000 shares and gained 50 cents to end at $16, Grace Kennedy gained $1 trading  85,826 units, to end at $70.01. JMMB Group lost 50 cents to end at $53.50, with an exchange of 2,599,899 shares, Kingston Wharves recovered the $4.16 it lost on Monday, to end trading of 2,200 shares at $70. NCB Financial jumped $9.98 to a new record high of $210 in trading 224,931 units, PanJam Investment declined $2.99 in trading 4,319,799 stock units at $94.51, Sagicor Group rose 49 cents trading 24,809 stock units to end at $54.49. Sagicor Real Estate Fund exchanged 33,700 and gained 64 cents to close at $11.64, Salada Foods climbed $1 to end at $36 in trading 200 shares, Seprod lost $1.85 to close at $45.10 while trading 19,637 shares and Supreme Ventures fell back $2 and ended trading with 31,680 shares to close at $26.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with Proven Investments added 0.7 cent, in trading 2,460 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.5 cents to 11.95 US cents, in trading 40,450 units. The JSE USD Equities Index advanced by 3.68 points to close at 192.13.

Junior Market jumps 63 points

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The Junior Market of the Jamaica Stock Exchange enjoyed a big bounce on Tuesday with the market Index jumping 63.13 points to close at 3,076.53.
The market closed on Tuesday with 32 securities changing hands compared to 30 trading on Monday, and resulted in an exchange of 2,823,887 units valued at $8,379,276 compared to 2,734,886 units valued at $7,413,545.
At the close of market activities, the prices of 16 securities advanced, 9 declined and 7 remained unchanged. Key Insurance ended at a 52 weeks’ low of $2.85.
Trading ended with an average of 88,246 units for an average of $261,852 in contrast to 91,163 units for an average of $247,118 on Monday. The average volume and value for the month to date amounts to 90,656 shares valued at $$304,347 for each security traded, compared to 90,896 shares valued at $308,570 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 5 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging closed trading of 55,950 units and gained 16 cents to end at $2.43, Blue Power traded 55,465 shares and jumped 80 cents to end at $6.15,after the company announced that they are considering split the operations into two seperate listed companies. CAC 2000 lost 34 cents in trading 399 units at $12.76. Caribbean Cream fell 13 cents in trading of 31,000 units at $5.43, Cargo Handlers climbed $1.50 to settle at $11 with 6,000 shares changing hands, Caribbean Producers ended trading of 2,110 shares, after rising 3 cents to end at $4.79. Dolphin Cove climbed 25 cents and exchanged 1,005 shares at $12, Derrimon Trading climbed 20 cents and exchanged 400 shares at $2.50, Express Catering closed trading of 2,320 units and gained 40 cents to end at $6.50, Everything Fresh lost 6 cents in trading 780,000 shares to close at $1.30. Fosrich Group ended trading with 31,964 shares, after rising 86 cents to end at $4.96, Fontana ended market activity in exchanging 51,820 shares to close at $6.10 after falling 10 cents, General Accident lost 30 cents in trading of 512,000 units at $3.90, GWest Corporation closed trading of 279,050 units and gained 11 cents to end at 81 cents. Honey Bun closed 5 cents higher at $6, with 29,579 stock units trading, Indies Pharma shed 5 cents in trading of 272,182 units at $3.01, Iron Rock Insurance shed 15 cents in trading of 4,230 units at $3.35,  Jamaican Teas ended trading with 250 shares, after rising 4 cents to end at $4.44, Jetcon Corporation gained 10 cents to end at $1.70 with 137,940 stock units trading. Key Insurance lost 5 cents in trading 12,693 shares to close at 52 weeks’ low of $2.85, Lasco Distributors climbed 10 cents in exchanging 38,962 shares at $3.10, Lasco Financial ended trading with 143,000 shares, after rising 21 cents to end at $4.70, Medical Disposables dipped 16 cents in trading of 1,000 units at $6.93. Main Event ended trading with 10,793 shares, after rising 8 cents to end at $6.40 shares and Stationery and closed 35 cents higher at $9.50, with an exchange of 9,573 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Trading picks up on TTSE – Tuesday

Trading activity picked up on the Trinidad & Tobago Stock Exchange on Tuesday with 308,036 shares valued $6,367,532 trading, compared to 76,614 shares valued $1,275,582 on Monday.
Market activity ended with 17 securities trading against 14 on Monday. At the close on Tuesday, 6 stocks advanced, 3 declined and 8 remained unchanged.
At close of the market, the Composite Index rose 1.92 points to 1,386.20. The All T&T Index added 1.48 points to 1,789.75, while the Cross Listed Index gained 0.33 points to close at 132.88.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 3 stocks with bids that were higher than their last selling prices and 2 with lower offers.
Gains| First Citizens Bank increased 7 cents and completed trading at $40.10, in swapping 84 shares, JMMB Group closed with a gain of 5 cents at $2.30, with 8,275 units crossing the exchange, National Flour gained 1 cent to close at $1.71, with an exchange of 50 units. One Caribbean Media increased 5 cents to $10.15, with 147 stock units changing hands, Republic Financial ended at 50 with settled at $121.50, with the trading of 243 units and West Indian Tobacco ended trading with an increase of 2 cents at $110.27, after exchanging 500 shares.
Losses| Angostura Holdings fell 6 cents and ended at $15.99, with investors exchanging 10 shares, Massy Holdings share fell 1 cent to $55.09, with the swapping of 16,356 shares and Trinidad & Tobago NGL declined 50 cents trading 17,232 units to close at $27.50.
Firm trades| Calypso Macro Index Fund closed at $14.50 with 1,960 shares trading, Clico Investment Fund settled at $24.20, with 181,265 units crossing the exchange, First Caribbean International Bank ended at $8.32, with 14,851 stock units changing hands, Prestige Holdings completed trading at $9.25, with 13 units. Sagicor Financial completed trading of 7,175 stock units at $10, Scotiabank settled at $60, with 224 units, Trinidad Cement ended at $2.45, with 54,963 units crossing the exchange and Unilever Caribbean exchanged 4,688 units at $25.

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

JSE main market pulls back – Monday

Trading ended with the JSE All Jamaican Composite Index dropped 3,105.25 points to close at 534,818.03, the JSE Index declined 2,821.86 points to close at 486,998.17 and The JSE Financial Index lost 0.85 points in closing at 131.46 points.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 12 securities advancing, 13 declining and 11 trading firm, compared to 37 securities trading on Friday.  Trading ended with 107,625,972 units valued $2,479,735,496 compared to 21,073,881 units valued $137,343,684 changing hands.
Supreme Ventures dominated trading with 93.84 million shares for 87 percent of total main market volume, followed by Wigton Windfarm with 10.3 million stock units for 10 percent of total volume and Scotia Group with 912,713 shares for just under one percent of the day’s volume.
The market closed with average of 3,363,312 units valued at $77,491,734 for each security traded, in contrast to 619,820 units valued at $4,039,520 on Friday. The average volume and value for the month to date amounts to 1,375,075 shares valued at $15,899,090 changing hands, compared 1,203,120 shares valued at $10,102,136 for each securities 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 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments lost $4.11 to end at $78.89, in trading 123,826 shares, Grace Kennedy dropped 99 cents in trading 65,979 units, to end at $69.01, JMMB Group added $1 to end at $54, with 83,968 shares trading, Kingston Wharves lost $4.16 to end trading of 11,134 shares at $65.84. NCB Financial dropped 25 trading 77,186 units to end at $200.02, PanJam Investment declined by $1.50 in trading 37,499 stock units at $97.50, Sagicor Group lost 50 cents trading 169,100 stock units to end at $54. Salada Foods climbed $1.50 to end at $35 in trading 25,000 shares, Supreme Ventures rose $2 and ended trading with 93,843,191 shares to close at $28, Sygnus Credit Investments lost 77 cents to close at $15 while trading 53,303 shares and Wisynco Group exchanged 112,712 shares and gained 35 cents to close at $19.95.
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 trading 9,300 units to end at US$1, Proven Investments added 0.7 cent, in trading 225,150 shares to close at 25.70 US cents, Sterling Investments traded 5,000 shares with a rise of 0.03 cent to 0.4 US cents and Sygnus Credit Investments with a rise of 2 cents to 12.49 US cents, in trading 823,479 units. The JSE USD Equities Index declined by 1.51 points to close at 188.45.

Junior Market drops 90 points in July

Fontana ended at a record close of $6.20.

It has not been a good July for the Junior Market of the Jamaica Stock Exchange so far, as the market index continuing to slide, with a 26.77 points fall on Monday on top of the 26.62 points drop on Friday.
The market that started the month at 3,103.60 has now lost 90 points to close at 3,013.40 on Monday on a day when declining stocks outnumbered rising stocks 3 to 1.
Trading ended on Monday with 30 securities changing hands, similar to Friday’s level, resulting in an exchange of 2,734,886 units valued at $7,413,545 compared to 2,783,254 units valued at $9,535,345 on Friday. At the close of market activities, the prices of 5 securities advanced, 14 declined and 11 remained unchanged.
Trading ended with an average of 91,163 units at $247,118 for each security trading, in contrast to 92,775 units for an average of $317,845 on Friday. The average volume and value for the month to date amounts to 90,896 shares valued at $308,570 for each security traded, compared to 90,868 shares valued at $314,884 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
Fontana closed at an all-time high of $6.20, GWest Corporation closed at a 52 weeks’ low of 70 cents and Jetcon Corporation ended at a 52 weeks’ low of $1.60.
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 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging climbed 11 cents in exchanging 35,696 shares at $2.27,after trading as high as $2.50, with investors responding positively to improved profit posted for the company’s May quarter. Blue Power traded 1,550 shares, after rising 40 cents to end at $5.35, Caribbean Producers lost 4 cents trading 5,260 shares to close at $4.76, Consolidated Bakeries ended market activity exchanging 58,600 shares to close at $1.80 after falling 10 cents. Derrimon Trading ended trading with 78,832 shares, after rising 13 cents to end at $2.30, Express Catering declined 65 cents in trading of 44,521 units at $6.10. Everything Fresh ended market activity in exchanging 84,200 shares to close at $1.36 after falling 4 cents, Elite Diagnostic fell 15 cents trading 4,210 units at $4.80. Fosrich Group dipped 10 cents in trading of 29,637 units at $4.10, Fontana closed trading of 171,573 units and gained 13 cents to end at $6.20. General Accident lost 10 cents trading 1,540 units at $4.20, Gwest Corporation declined 14 cents in trading of 558,259 units to end at an all-time closing low of 70 cents, Honey Bun lost 5 cents in exchanging 6,000 units at $5.95, Jamaican Teas dipped 5 cents in with 44,032 units changing hands at $4.40. Jetcon Corporation declined 35 cents to end at a 52 weeks’ low of $1.60, trading 85,000 shares, Key Insurance ended market activity exchanging 2,021 shares, to close at $2.90 after falling 10 cents. Lasco Financial ended with a loss of 1 cent at $4.49 with 18,200 stock units changing hands, Lasco Manufacturing climbed 14 cents after exchanging 134,182 shares at $4.20 and Main Event lost 38 cents in trading 12,734 shares to close at $6.32.

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

Trading drops sharply on TSE – Monday

Junior Market volume contracts on Thursday.

Trading activity dipped sharply on the Trinidad & Tobago Stock Exchange on Monday with just 76,614 shares valued $1,275,582 traded, compared to 561,729 shares valued at $5,509,075 on Friday.
Market activity ended with 14 securities trading against 19 on Friday. At the close on Monday, 2 stocks advanced, 4 declined and 8 remained unchanged.
At close of the market, the Composite Index slipped just 0.26 points to 1,384.28. The All T&T Index declined a mere 0.51 points to 1,788.27, while the Cross Listed Index remained unchanged to close at 132.55.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended at 4 stocks with bids that were higher than their last selling prices and 3 with lower offers.
Gains| Calypso Macro Index Fund rose 50 cents to close at $14.50 with 25 shares trading and Massy Holdings rose 2 cents to close at $55.10, with just 36 stock units changing hands.
Losses| Clico Investment Fund fell 5 cents to $24.20, with 10,782 stock units trading, Guardian Media shares lost 50 cents trading of 6,300 shares at a 52 weeks’ low of $11, Trinidad & Tobago NGL declined 5 cents trading 7,283 units to close at $28 and West Indian Tobacco closed with a loss of 2 cents at $110.25, with 365 stock units trading.
Firm trades| First Caribbean Bank completed trading at $8.32, after exchanging 1,000 shares, First  Citizens Bank settled at $40.03, with 850 units crossing the exchange, Guardian Holdings ended at $18.40, with 2,000 stock units changing hands, NCB Financial settled at $9.50, with investors exchanging 11,371 shares. Point Lisas completed trading of 1,290 stock units at $3.45, Sagicor Financial settled at $10, with 32,175 stock units changing hands, Scotiabank closed at $60, with 3,032 units trading and Unilever Caribbean ended at $25, after exchanging 105 shares.

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

Limners & Bards IC TOP 10 stock

Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another 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 is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. 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 28 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.

New record close for JSE majors – Friday

Barita Investments jumped 84% in a week.

Barita Investments jumped another $14 on Friday on top of the $12 it climbed on Thursday to closed a new record high of $83 as it contributed to the record close for the Jamaica Stock Exchange at main market.  
Barita gained a stunning 84 percent since Thursday last week, after the company announced they were the consideration of another rights issue and reported blockbuster profits.
Trading ended with the JSE All Jamaican Composite Index surged 7,505.41 points to record close at 537,923.28 and the JSE Index 6,820.45 points to record close at 489,820.03. The JSE Financial Index added 2.78 points in closing at 132.31 points.
Market activity resulted in 37 securities trading in the main and US dollar markets and leading to 18 securities advancing, 16 declining and 3 trading firm, this compares to 36 securities on Thursday.  Trading ended with 21,073,881 units valued $137,343,684 compared to 40,555,987 units valued at $630,491,986 changing hands.
Wigton Windfarm led trading with 14.5 million shares for 69 percent of total main market volume, followed by JMMB Group 7.25% preference share with 2.3 million stock units for 11 percent of total volume and Supreme Ventures with 1.65 million shares for 8 percent of the day’s volume.
The market closed with average of 619,820 units valued at $4,039,520 for each security traded, in contrast to 1,228,969 units valued at $19,105,818 on Thursday. The average volume and value for the month to date amounts to 1,203,120 shares valued at $10,102,136 changing hands, compared 1,262,144 shares valued at $10,775,760 for each securities 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 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments surged $14 to end at a 52 weeks’ high of $83, with 11,864 stock units trading, Berger Paints lost 35 cents in the trading of 17,260 shares to close at $18, Caribbean Cement shed $1 to end trading of 5,270 shares at $78. Grace Kennedy dropped $3.97 trading 4,408 units, to end at $70, Jamaica Producers rose 50 cents in trading 126,136 shares to close at $27.50, JMMB Group declined $1 to end at a record close of $53, with 76,921 shares trading, Kingston Wharves lost $1 to end trading of 1,545 shares at $70. Mayberry Jamaican Equities rose 30 cents to close at $11.50 with 102,391 shares changing hands, NCB Financial dropped $4.73 trading 85,663 units to end at $200.27, PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
Trading in the US securities market resulted in 95,243 units valued at US$47,506 changing hands. Market activity ended with JMMB Group 6% preference share with 41,992 units trading to end with a loss of 2 cents at US$1, Proven Investments added 0.69 cent trading 151 shares to close at 25.70 US cents and Sygnus Credit Investments with a rise of 0.02 cent to 10.5 US cents, in trading 53,100 units. The JSE USD Equities Index inched 2.47 points higher to 189.96.