Trading drops for Trinidad stocks

Market activity on the Trinidad & Tobago Stock Exchange dropped sharply on Tuesday with just 141,873 units trading at a value of $1,306,192 compared to Monday’s 534,824 shares valued at $2,812,325.
At the close of the market only 10 securities were active compared to 12 on Monday as 5 stocks advanced, 3 declined and 2 held firm.
The Composite Index lost 0.19 points to 1,240.37, the All T&T Index rose 0.69 points to 1,822.42 and the Cross Listed Index lost 0.15 points to 88.28.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Grace Kennedy added 1 cent to close at $2.66 with 49,230 units changing hands, JMMB Group gained 2 cents, closing at $1.22 with trades of 30,903 shares, One Caribbean Media closed 40 cents higher to $16.40 with an exchange of only 45 shares. Scotiabank closed at $58.79, gaining 3 cents trading 935 units and Trinidad & Tobago NGL closed at $22.53, with gains of 2 cents while trading 2,462 units.
Losses| Clico Investments lost 2 cents to close at $22.50 trading 22,701 shares valued at $510,773, First Caribbean International Bank traded at $9, having lost 5 cents with 3,381 units trading and Guardian Holdings closed 39 cents lower to $15.11 with an exchange of 5,000 shares.
Firm Trades| Angostura Holdings remained unchanged at $15 with trades of 27,182 shares valued at $407,730 and Massy Holdings held firm at $53 trading 34 units.

JSE stocks in partial recovery – Monday

Berger price closed at a 52 weeks’ high of $15.

Stocks in the main market of the Jamaica Stock Exchange made some spirited recovery for the sharp fall on Friday as trading closed on Monday with 23 securities changing hands with 1 trading in the US dollar market. In the main market, 8 stocks advanced and 7 declined in the main market.
Trading levels in main market ended at 2,432,176 units valued at $44,491,086 compared to 3,117,227 units valued at $95,348,879 at the close on Friday. Trading in the US dollar market accounted for 12,035 units valued at US$3,662 contributing to total trades between the two markets of $46,015,960.
The All Jamaica Composite Index advanced 2,331.84 points to close at 250,967.19 the JSE Market Index gained 2,085.08 points to finish at 228,783.81 and the JSE US dollar market index fell 6.38 points to close at 224.79.
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 9 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Barita Investments closed at $7 with trades of 900 units, Berger Paints gained $1 to close at 52 weeks high of $15 with an exchange of 11,900 shares, Cable and Wireless traded 549,079 shares at $1.40, Caribbean Cement closed higher at $36.75, after gaining 75 cents in trading 4,580 shares. Carreras traded at $72, with 3,556 units changing hands, Grace Kennedy closed lower at $41, losing 67 cents with trades of 165,139 units, Jamaica Broilers gained $2.32 to close at $16.50 with 243,848 units changing hands, Jamaica Producers declined $1.15, closing at $15.85 while trading 52,904 shares, Jamaica Stock Exchange closed at $7.70, losing 10 cents with an exchange of 198,265. JMMB Group closed $1.95 lower at $18 with 66,844 units changing hands, Kingston Properties traded 45 cents higher, closing at a 52 weeks’ high of $16 with trades of 879 shares, Kingston Wharves advanced $2.50 to $32.50 trading 4,150 units, Pan Jamaican declined $3 to close at $34, after exchanging 45,867 shares, Portland JSX traded 116 shares at $10.99, Pulse Investments closed at a 52 weeks’ high of $10, with gains of $1.45 and 5,000 units changing hands, Radio Jamaica closed at $1.80, with 290,709 units traded. Sagicor Group closed at $35, with an exchange of 629,820 shares, Sagicor Real Estate fund gained 50 cents to close at $11 trading 63,566 units, Scotia Group closed $1.45 lower at $38.55 with 6,811 shares changing hands, Seprod closed at $40, with an exchange of 42,193 shares. Sterling Investments traded 5,172 shares at $18.20, Supreme Ventures closed at a 52 weeks’ high of $6.18, gaining 10 cents in trading 39,778 shares, Proven Investments lost 1 US cent to close at 31 US cents with trades of 12,035 ordinary shares and Jamaica Money Market Brokers 7.5% preference share closed at $2.05 with 1,100 units changing hands.

Blue chip stocks pull market down Friday

Scotia Investments suffered big drop on Friday.

The main market of the Jamaica Stock Exchange closed sharply lower on Friday, the day after the government presented details of the 2017/18 budget. Big decline in the average prices of Scotia Investments, National Commercial Bank, Sagicor Group and Scotia Group inflicted much damage to close out a week of see saw movement for the market.
The All Jamaica Composite Index plummeted 6,139.33 points to close at 248,635.35, the JSE Market Index dropped 5,489.64 points to finish at 226,698.73 while the JSE US dollar market index gained 3.00 points to close at 231.17.
At the close 18 securities changed hands with 1 trading in the US dollar. In the main market, 7 stocks advanced and 5 declined. The US dollar market recorded no price change.
Trading levels in main market ended at 3,117,227 units valued at $95,348,879 compared to 90,132,738 units valued at $1,840,545,568 at the close on Thursday. Trading in the US dollar market accounted for 85,600 units valued at US$26,904, bringing the total traded in both markets to $98,798,014.
The main market ended trading with an average of 173,179 units for an average value of $5,297,160 traded, compared to an average of 3,605,310 units for an average value of $73,621,823 on the previous trading day. The average volume for the month to date ended at 1,103,492 units versus 2,033,805 units on the prior trading day
The average volume and value for February, ended at 223,938 units and $1,379,459.
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 7 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments closed at $7 trading 587 shares, Cable and Wireless lost 10 cents, closing at $1.40 with 204,500 shares traded, Caribbean Cement closed at $36, gaining 50 cents with an exchange of 6,335 shares. Carreras traded at $72, with 37,074 units changing hands, Grace Kennedy closed at $41.67 with trades of 326,371 units, Jamaica Broilers closed at $14.18, losing 82 cents with 10,000 units changing hands, before the company released third quarter results with strong gains in the latest quarter. Jamaica Producers lost 10 cents to close at $17 trading 309,509 shares, Jamaica Stock Exchange traded 278,128 shares at $7.80, JMMB Group closed at $19.95, gaining 95 cents with 49,414 units exchanged after trading as low as $16.29 during the day, National Commercial Bank declined 70 cents to close at $62.30, after swapping 229,081 units, Pulse Investments gained $1.55 to close at a 52 weeks’ high of $8.55 with 5,000 units changing hands, Radio Jamaica closed at $1.80, with a 1 cent gain and 109,729 units traded. Sagicor Group closed at $35, with an exchange of 107,230 shares, Scotia Group gained $1, closing at $40 trading 1,323,228 shares, Scotia Investments closed at $34, losing $5 with trades of 23,555 shares, Seprod closed at $40, with an exchange of 580 shares, Sterling Investments gained 70 cents to close at a 52 weeks’ high of $18.20 with 1,000 units changing hands, Supreme Ventures closed at $6.08, gaining 8 cents trading 95,906 shares and Proven Investments added 2 US cents to close at 32 US cents with trades of 85,600 ordinary shares.

Big day for Jamaica Stock Exchange Thursday

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70 million units of Sagicor Real Estate Fund traded on Thursday.

Heavy volume of 70 million units of Sagicor Real Estate Fund and 16 million units of National Commercial Bank pushed trading on the main market of the Jamaica Stock Exchange to more than 90 million units valued more than $1.8 billion at the close on Thursday.
In the main market, 25 securities changed hands and 3 in the US dollar market as 8 stocks advanced and 9 declined in the main market. One stock in the US dollar market fell.
The main market ended with 90,132,738 units valued at $1,840,545,568 changing hands, compared to 5,763,845 units valued at $145,264,722 at the close on Wednesday. Trading in the US dollar market accounted for 102,002 units valued at US$55,576.
The main market ended trading with an average of 3,605,310 units for an average value of $73,621,823 traded, compared to an average of 221,686 units at $5,587,104 on the previous trading day. The average volume for the month to date ended at 2,033,805 units versus 462,300 units on the prior trading day
The All Jamaica Composite Index advanced 1,564.45 points to close at 254,774.68 the JSE Market Index gained 1,398.89 points to finish at 232,188.37 and the JSE US dollar market index lost 6.63 points to close at 228.17.
In market activity, Barita Investments closed at $7 trading 1,500 shares, Berger Paints gained $1.40 to close at a 52 weeks’ high of $14 trading 25,712 units, Cable and Wireless closed at $1.50 with gains of 15 cents and 321,552 shares traded, Caribbean Cement closed $2.50 lower at $35.50 with an exchange of 5,300 shares. Carreras lost $2 trading at $72, with 6,682 units changing hands, Grace Kennedy closed at $41.67 with trades of 17,013 units, Jamaica Broilers gained 50 cents to close at $15 with 19,700 units changing hands, Jamaica Producers closed at $17.10 with gains of 10 cents trading 130,718 shares, Jamaica Stock Exchange lost 10 cents to close at $7.80 with an exchange of 277,240 shares. JMMB Group closed at $19 while losing 59 cents with 388,575 units being exchanged, Kingston Properties advanced $1.55 to close at a 52 weeks’ high of $15.55 trading just 2,000 units, Kingston Wharves dropped $3.50 to $30, in an exchange of 34,503 shares, Mayberry Investments closed at $5.30, losing 52 cents with only 3,200 units traded. National Commercial Bank declined $1.50 to $63, after swapping a big block of 16,216,132 units, 138 Student Living closed at $4.50 trading 2,008 units, Pan Jamaican closed at $37 with 173,447 shares changing hands, Radio Jamaica closed at $1.79 with trades of 234,048 units. Sagicor Group closed at $35, with a loss of 60 cents and an exchange of 1,367,358 shares, while Sagicor Real Estate Fund closed at $10.50, with gains of 3 cents and a large volume of 70,119,164 shares changing hands, Scotia Group closed at $39 trading 71,318 shares, Scotia Investments closed at $39 with trades of 10,000 shares, Seprod closed at $40, with an exchange of 202 shares, Supreme Ventures closed at $6, gaining 30 cents with 535,366 shares changing hands. Margaritaville Turks closed at 30 US cents trading 1,666 shares, Proven Investments lost 2 US cents to close at 30 US cents with trades of 70,366 ordinary shares. JMMB 7.5% preference share lost 1 cent to close at $2.15 with 100,000 units changing hands and JMMB Group US 6% preference traded at $1.11 with an exchange of 30,000 units.

Sagicor Real Estate Fund National Commercial Bank

JSE stock drops 90c with 36M shares

Scotiabank pumped up the JSE on Friday.

Jamaica Stock Exchange had a big block of 36,298,043 shares trading on Friday with with the price ending at $7.50, with a loss of 90 cents. The shares were sold by Stocks & Securities and bought by Sagicor Stockbrokers. The trade means that Stocks & Securities are no longer major shareholders in exchange.
Trading ended on Friday with 25 securities changing hands with 2 trading in the US dollar market on day when Scotia Group jumped $5.49 to be the main pusher in the market indices. In the main market, 7 stocks advanced and 14 declined in the main market, while two stock rose in the US dollar market. Trading levels in main market ended at 42,703,583 units valued at $422,229,138 compared to 6,321,606 units valued at $60,670,887 at the close on Thursday. Trading in the US dollar market accounted for 871,891 units valued at US$291,484.
The All Jamaica Composite Index jumped sharply by 3,676.85 points to close at 256,245.23, just over 1,000 points shy of the all-time record close of 257,395.71 reached on February 10. The JSE Market Index advanced 3,287.75 points to finish at 233,503.31 and the JSE US dollar market index gained 18.12 points to close at 238.66.
In market activity, Berger Paints gained 50 cents, closing at $11.50 with trades of 9,008 units, Cable and Wireless lost 10 cents to close at $1.35 with 1,513,758 shares changing hands, Caribbean Cement closed lower by $1.90 to $36.10 trading 17,650 shares. Carreras closed at $66.50 with an exchange of 1,740 units, Grace Kennedy slid 16 cents to close at $41.51 trading 100,176 units, Jamaica Broilers closed at $14.54, losing $1.46 trading 70,774 shares, Jamaica Producers lost 70 cents trading 192,548 units at $16.80,. JMMB Group closed 98 cents lower to $19.51 with an exchange of 98,812 units, Kingston Wharves gained 50 cents to close at $32 trading 15,322 shares, Mayberry Investments jumped $1.39 cents to a 52 weeks’ high of $6.39 with trades of 182,245 units. The stock has not seen this price level since June 15, 2005, when it traded at $6.45, after it was listed in April and reached a high of $8.20 on April 26, 2005. National Commercial Bank fell 50 cents to $62.50, after swapping 63,512 units, Pan Jamaican closed at $35.20, losing 80 cents with an exchange of 22,498 shares, Radio Jamaica gained 5 cents to close at $1.65 trading 120,820 units, Sagicor Group closed at $36.26, losing 24 cents with trades of 2,938,603 units. Sagicor Real Estate Fund closed 22 cents higher at $10.47 with 2,100 units changing hands, Scotia Group closed at $44, with gains of $5.49 trading 456,247 shares, Scotia Investments traded 1,600 shares at $39.50, Seprod lost 49 cents to close at $40.51 with trades of 16,229 shares. Sterling Investments traded at a 52 weeks’ high of $17.50 with gains of $1.30 and an exchange of 1,000 units, Supreme Ventures closed at $5.70, losing 30 cents with 405,888 shares being exchanged, Proven Investments gained 2 US cents to close at 32 US cents trading 859,891 ordinary shares. JMMB 7.5% preference share closed at $1.75 with gains of 4 cents and 3,296 units changing hands, JMMB Group 7.5% preference share gained 2 cents trading 114,502 units at $1.07 and JMMB Group US$ 6% preference share closed at US$1.10 with trades of 12,000 units.

JSE main market stocks drop again -Thursday

C&W reacted negatively to results to the end of 2016.

Trading in the main market of the Jamaica Stock Exchange closed on Friday with 25 securities changing hands with 1 trading in the US dollar market.. In the main market, 9 stocks advanced and 7 declined in the main market.
Trading levels in main market ended at 6,321,606 units valued at $60,670,887 compared to 4,208,705 units valued at $25,855,773 at the close on Tuesday. Trading in the US dollar market accounted for 77,435 units valued at US$22,856.
The All Jamaica Composite Index declined 841.40 points to close at 252,568.38 the JSE Market Index lost 752.36 points to finish at 230,215.56 and the JSE US dollar market index was down 3.00 points to close at 220.54. The average trade in the main and US dollar markets ended at 246,117 units compared to 166,173 units on Tuesday.
In market activity, Berger Paints declined 89 cents to close at $11, trading 52,918 units, Cable and Wireless lost 20 cents, closing at $1.45 with an exchange of 4,079,487 shares, as investors reacted negatively to the loss of $1.56 billion incurred for the nine months to December last year, Caribbean Cement closed higher by $1 at $38 with 17,270 shares changing hands. Carreras added 49 cents to close at $66.50 with trades of 4,645 units, Grace Kennedy gained 67 cents to close at $41.67 trading 140,156 units, Jamaica Broilers closed at $16 trading 190,919 shares, Jamaica Producers traded 86,911 units at $17.50, having gained $1.22, Jamaica Stock Exchange closed at $8.40, with a loss of 60 cents trading 102,218 shares. JMMB Group gained 9 cents to close at $20.49 with an exchange of 162,176 units, Kingston Wharves closed at $31.50 trading 5,340 shares, Mayberry Investments closed 40 cents lower at $5, with trades of 112,534 units. National Commercial Bank rose to $63, gaining 24 cents after swapping 21,089 units, 1834 Investments traded 15,369 shares to close 1 cent higher at $1.75, Pan Jamaican closed $1.05 higher at $36, with an exchange of 128,130 shares, Portland JSX traded 6,730 units at $10.60, Pulse Investments closed at $7.50 with 20,074 shares changing hands, Radio Jamaica fell 21 cents to close at $1.60 trading 19,391 units. Sagicor Group closed at $36.50, gaining 25 cents with trades of 5,079 units, Sagicor Real Estate fund closed 75 cents lower to $10.25 with 292,712 units changing hands. Scotia Group closed at $38.51, losing $1.71, trading 702,136 shares, Seprod traded 1,600 shares at $41, Supreme Ventures closed at $6 with 124,293 shares traded, while Trinidad Cement closed at $63 with trades of 100 units. Proven Investments closed at 30 US cents trading 77,435 ordinary shares and JMMB Group 7.5% preference share traded 27,229 units at $1.05.

JSE main market drops – Tuesday

Seprod shares dropped $4.10 on Tuesday.

Trading in the main market of the Jamaica Stock Exchange closed on Friday with 23 securities changing hands with 2 trading in the US dollar market on a day when the market gave back grounds in the indices. In the main market, 10 stocks advanced and 9 declined while one fell in the US dollar market.
Trading levels in main market ended at 4,208,705 units valued at $25,855,773 compared to 2,731,850 units valued at $28,681,270 at the close on Monday. Trading in the US dollar market accounted for 111,790 units valued at US$33,562. The average trade in main and US dollar markets was 166,173 units.
The All Jamaica Composite Index declined 1,536.37 points to close at 253,409.78 the JSE Market Index lost 1,373.78 points to finish at 230,967.92 and the JSE US dollar market index was down 2.41 points to close at 223.54.
In market activity, Berger Paints gained 39 cents to close at $11.89 trading 54,613 units, Cable and Wireless closed at a 52 weeks closing high of $1.65 with gains of 11 cents and an exchange of 2,392,482 shares, Caribbean Cement closed lower by $1 to $37 with 17,710 shares changing hands. Carreras fell $1.49 to close at $66.01 with trades of 12,500 units, Grace Kennedy gained 50 cents to close at $41 trading 89,047 units, Jamaica Broilers traded $1 higher, closing at $16 with 15,450 shares being exchanged, Jamaica Producers lost 73 cents to close at $16.28 with trades of 167,783 units changing hands. Jamaica Stock Exchange closed at $9, with a loss of $1 trading 411,165 shares. JMMB Group closed at $20.40, losing 9 cents with a swapping of 19,485 units, Kingston Wharves closed at $31.50 trading 3,550 shares, Margaritaville Turks lost 3 US cents to close at 32 US cents with trades of 1,980 shares, Mayberry Investments gained 10 cents to close at $5.40 with trades of 8,660 units. National Commercial Bank rose to $62.76, gaining $1.76 after trading 44,809 units, Pan Jamaican lost 5 cents, closing at $34.95 with an exchange of 16,070 shares, Portland JSX traded 4,000 units at $10.60, Pulse Investments closed at $7.50, gaining 50 cents with 12,285 shares changing hands, while Radio Jamaica gained 11 cents to close at $1.81 trading 34,902 units. Sagicor Group closed at $36.25 with trades of 37,239 units, Sagicor Real Estate fund closed 50 cents higher at $11 with 98,288 units changing hands. Scotia Group closed higher to $40.22 gaining 22 cents trading 2,450 shares, Seprod traded 8,782 shares at $41 for a loss of $4.10, Supreme Ventures closed at $6 with 265,951 shares traded. Proven Investments closed at 30 US cents trading 109,810 ordinary shares, JMMB 7.5% preference share closed at $1.71, with 368,000 shares traded and JMMB Group 7.5% preference share traded 23,484 units at $1.05.

Jamaican stocks mostly up – Friday

The main market of the Jamaican Stock Exchange, recovered some lost grounds on Friday, while the juniors and the US dollar market lost some ground as advancing prices were ahead of falling ones, on a day of moderate trading.
The market closed with trading in 46 securities with 23 stocks rising and 13 falling, in all markets. At the close, the main market had 24 stocks trading with 14 rising and 5 declining, the junior market had 18 securities trading with 8 stocks gaining and 8 declining, based on the last selling price and 2 traded in the US dollar market with one rising. Six stocks reached new 52 weeks’ high, five of these ended at their highs.
The JSE combined index rose 400.49 points, to close at 246,540.82, the All Jamaica Composite Index climbed 1,013.17 points to finish at 253,758.02 the JSE Market Index gained 905.95 points to end at 231,279.30. The junior market index had 42.53 points slashed off Thursday’s close to end at record 3,120.22 and the JSE US dollar market index eased 7.93 points, to close at 230.67.
Trading in the overall market reached 5,537,756 units valued at $81,543,783 compared with the previous day with 5,458,228 units valued at $114,968,563, having changed hands. The junior market accounted for for 1,700,678 units valued at over $11,745,304 of those trading. The US dollar market index traded 355,953 units valued at US$109,455.
The average trade for the day in the main market ended at 140,693 shares compared to an average of 154,908 units on Thursday. For the month to date, an average of 138,259 shares traded, compared to an average of 135,825 units up to the prior trading day. January ended with an average of 592,602 units.
The junior market ended trading with an average of 94,482 units for an average value of $652,517 traded, compared to of 52,582 units for an average value of $304,893 on the previous trading day. The average volume and value for the month to date ended at 237,485 units and $1,461,383 compared to 246,757 units and $1,513,124 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 5 with lower offers.

Gains for JSE main market – Wednesday

Jamaica Producers closed at $15.10, losing $2.80 & is down from a high of $22 earlier this year.

Trading in the main market of the Jamaica Stock Exchange closed on Wednesday with 25 securities changing hands with 1 trading in the US dollar market on another day of good gains for the market. In the main market, 14 stocks advanced and 11 declined in the main market while 1 rose in the US dollar market.
Trading levels in main market ended at 2,551,901 units valued at $30,836,774 compared to 14,630,432 units, valued at $92,049,016 at the close on Tuesday. Trading in the US dollar market accounted for 9,768 units valued at US$3,077.
The All Jamaica Composite Index climbed 744.89 points to close at 255,197.40 the JSE Market Index moved higher by 666.06 points to finish 232,566.36 and the JSE US dollar market index rose 9.57 points, to close at 235.54.
In market activity, three stocks that became highly over-priced recently, continue to retreat from their excessive pricing levels. There remain room for further downward adjustments as the PE ratios are still well ahead of the market average. In trading, Berger Paints gained 4 cents to close at $11.80 with 21,925 units changing hands, Cable and Wireless closed at $1.38, up 5 cents trading 1,398,114 units, Caribbean Cement advanced 15 cents to close at $36.15 with trades of 16,062 shares, Carreras closed lower at $74 for a loss of $1 while 4,105 units changing hands. 1834 Investments gained 25 cents to close at $1.80 with an exchange of 1,000 shares, Grace Kennedy closed at $41 trading 79,906 units, Jamaica Broilers lost 35 cents to close at $14.50 with an exchange of 17,849 shares, Jamaica Producers closed at $15.10, losing $2.80 with 26,987 units changing ownership, the price peaked at $22 previously. Jamaica Stock Exchange price rose to a high of $13.50 in February, closed at $10, losing 50 cents with 143,060 shares crossing the exchange ticker, JMMB Group climbed $1.49 to $21.49 with an exchange of 124,820 units, Kingston Wharves that hit a peak of $34 in January, slid $1.80 on Wednesday in closing at $28.20 while trading 10,504 units. Mayberry Investments lost 2 cents to close at $5.30 with 173,148 shares changing hands. National Commercial Bank closed lower at $61.50 with a loss of 50 cents, after swapping 78,916 units, 138 Student Living closed at $4.60 trading 17,254 shares. Pan Jamaican closed trading lower at $38.50 with a loss of $1.50 while exchanging 42,799 shares, Pulse Investments closed at $6.80 with 10,200 shares changing hands, Radio Jamaica added 1 cent to close at $1.86 trading 31,741 units. Sagicor Group gained 20 cents to close at $37.30 with trades of 144,110 units while Sagicor Real Estate fund lost 55 cents, closing at $10.45 with an exchange of 13,650 units. Scotia Group closed at $40.50 having traded 38,867 shares, Scotia Investments closed lower at $38, losing $2 trading 113,463 units, Seprod traded 1,000 units at $38.55 with gains of $5.95, Supreme Ventures closed 10 cents higher at $5.60 with an exchange of 26,455 shares. Proven Investments closed with gains of 1.5 US cents to 31.5 US cents trading 9,768 ordinary shares, Jamaica Money Market Brokers 7.5% preference closed at $2.06 with trades of 3,466 shares and JMMB Group 7.5% preference closed at $1.05 trading 12,500 units.

Jamaican stocks mostly up on Wednesday

Stocks trading on the Jamaican Stock Exchange, on Wednesday mostly rose leading to gains in the man market indices, moderate gains for the junior market and a rise of the US dollar market index.
The market closed with trading in 51 securities with 23 stocks rising and 14 falling, in all markets. At the close, the main market had 11 stocks rising and 11 declining, while 12 stocks gained and 4 declined from the junior market based on the last selling price and 1 fell in the US dollar market.
The JSE combined index rose 657.50 points, to close at 248,171.94, the All Jamaica Composite Index climbed 744.89 points to finish at 255,197.40 the JSE Market Index moved higher by 666.06 points to end at 232,566.36. The junior market index gained 3.90 points to close at record 3,162.69 points and the JSE US dollar market index rose 9.57 points, to close at 235.54.
Trading in the overall market reached 9,365,244 units valued at $67,194,537 compared with the previous day with 15,737,390 units valued at $95,432,907, having changed hands. The junior market accounted for 6,803,575 units valued at over $35,960,840 of those trading. The US dollar market index traded 9,768 units valued at US$3,077.
The average trade for the day in the main market ended at 101,437 shares compared to an average of 85,131 units on Tuesday. For the month to date, an average of 116,741 shares traded, compared to an average of 132,046 units up to the prior trading day. January ended with an average of 592,602 units.
The junior market ended trading with an strong>average
of 272,143 units for an average value of $1,438,434 traded, compared to of 53,783 units with an average value of $315,952 on the previous trading day. The average volume and value for the month to date ended at 258,893 units and $1,588,639 compared to 258,010 units and $1,598,653 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 2 with lower offers.