Investors moved the Jamaica Stock Exchange higher on Monday with the All Jamaican Composite Index climbed 1,040.26 points to close at 332,535.72 and the JSE Index advanced by 947.79 points to 302,977.61.
Market activities resulted in 33 securities trading, compared to 29 on Thursday in the main and US dollar markets of which 13 advanced, 9 declined and 11 traded firm.
Stocks with major price changes are, Caribbean Cement with a rise of $1.50 to $40.50, Jamaica Broilers dropping $4.70 to $21.60, PanJam Investment declining 98 cents to $51 and Scotia Group gaining $1.49 to $51.
The volume of stocks trading on the main market declined sharply to 3,192,844 units valued at $66,838,582, down from 7,187,416 units valued at $228,155,035 on Friday.
The main trades were, Sagicor Group with 1,023,740 units 32.06 percent followed by Wisynco Group with 907,325 units and acoounti9ng for 28.42 percent of the total shares traded and JMMB Group with 7.50% preference shares trading with 424,000 units 13.28 percent of the day’s trade.
Trading resulted in an average of 106,428 units valued at an average of $2,227,953 for each security traded. In contrast to 312,496 units for an average of $9,919,784 on Friday. For the month to date 184,656 units traded with an average value of $5,451,880 and on the previous day 197,915 units traded with an average value of $6,902,395 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 2390 units valued at just US$319 traded with Productivity Business settling at 62 US cents with 500 shares trading and Sterling Investments trading 100 units with the loss of 1 cent to close at 9 US cents and in the US dollar preference sectors JMMB Group 5.75% closed at $2.25 with 1,790 units. The JSE USD Equities Index slipped 0.44 points to close at 166.51.
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 5 closing with lower offers.
For more details of market activities see – Rise in main market securities trading – Monday.
Jump in main market securities trading
Jamaica Broilers dropped $4.70 on Monday.
At the close of trading, the All Jamaican Composite Index climbed 1,040.26 points to close at 332,535.72 and the JSE Index advanced by 947.79 points to close at 302,977.61.
A high level of 30 securities traded on Monday, resulting in 12 advancing, 9 declining and 9 remaining firm resulted in 3,192,844 units valued at $66,838,582 trading.
In market activity Barita Investments rose 45 cents and closed at $12, with 3,850 shares, Berger Paints ended at $20, with 1,000 stock units, Caribbean Cement concluded trading with a rise of $1.50 to end at $40.50, while exchanging 40,980 units, Carreras closed at $10.45, with 10,900 shares, Ciboney Group closed at 13 cents, with 141,600 shares, Grace Kennedy settled at $49.50, with 7,132 shares. Jamaica Broilers dropped $4.70 and ended trading at $21.60, with 158,337 shares, Jamaica Producers traded 4,053 stock units at $16.85, Jamaica Stock Exchange rose 20 cents and finished trading at $7.50, with 37,018 units, JMMB Group closed 50 cents higher at $28, with 16,682 shares. Kingston Properties lost 50 cents to end at $6, with 2,100 shares, Kingston Wharves gained 50 cents in concluding trading at $46.50, with 11,018 shares, Mayberry Investments gave up 10 cents and finished at $6.40, with 29,948 stock units, NCB Financial Group rose 50 cents and settled at $97, with 55,490 units. PanJam Investment fell 98 cents and finished trading at $51, with 1,079 shares, Proven Investments closed at $28.50 while 448 units traded, 
Pulse Investments added 19 cents and ended at $1.60, with 1,500 units, Radio Jamaica concluded trading 2 cents higher to $1.10, with 12,917 shares, Sagicor Group lost 55 cents and finished at $39, with 1,023,740 shares, Sagicor Real Estate Fund traded 5,314 units and fell 70 cents to end at $13.80. Salada Foods settled trading with 10,000 shares at $14, Scotia Group jumped $1.49 to end trading at $51.50, with 39,946 stock units changing hands, Seprod traded 8,590 units at $35, Supreme Ventures grew 50 cents and closed at $13.50, with 145,968 shares, Victoria Mutual Investments gained just 1 cent and ended at $4, with 46,455 shares and Wisynco Group concluded trading by adding 10 cents to end at $9.75, with 907,325 stock units being exchanged.In the main market preference segment, Jamaica Money Market 7.5% rose 4 cents and finished trading at $1.85, with 40,954 units, JMMB Group 7.25% concluded trading at $2.11, with 4,500 shares, JMMB Group 7.5% gained 9 cents and settled at $1.09, with 424,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE moved higher on Monday.”
Junior Market up 65 more points – Monday
Access Financial jumps $4.50 to $51.50 on Monday.
At the close of market activities, 24 securities changed hands, the same number trading on Friday, resulting in only 691,974 units valued at just $3,495,411 trading compared to 3,742,224 units valued at $15,902,706 trading on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 6 with lower offers.
Trading ended with an average of 28,832 units for an average of $145,642 in contrast to 155,926 units for an average of $662,613 on Friday. The average volume and value for the month to date, amounts to 144,989 units valued at $814,376 and previously 164,621 units valued at $924,448.
In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.At the close of the market, Access Financial jumped $4.50 to $51.50, with 2,782 shares trading, Cargo Handlers settled at $9.75, with 2,095 shares, Caribbean Cream traded 46 cents higher at $5.10, with 7,000 shares, Caribbean Flavours added $1 higher at $11, while only 100 stock units, Caribbean Producers finished trading with a loss of 1 cent at $5.24, with 8,500 units changing hands. Dolphin Cove finished at $16.80, with just 300 stock units trading, Elite Diagnostic settled at $3.16, with 2,700 units, changing hands, Express Catering traded 30 cents higher at $8, with 96,374 shares, FosRich Group finished trading at $2.75, with 198,171 shares. General Accident closed with a loss of 27 cents at $3.12, and 5,977 stock units traded, GWest Corporation ended 25 cents higher at $2.45, with 4,000 units, Honey Bun lost 1 cent and ended trading at $4.64, with 70,700 shares changing hands,
Iron Rock concluded trading at $3, with 512 shares, Jamaican Teas settled at $5, with 12,370 shares. Jetcon Corporation traded 51,900 stock units at $4, Knutsford Express closed 80 cents higher at $12.80, after exchanging just 300 shares, Lasco Distributors ended 27 cents higher at $4.42, with 5,500 shares, Lasco Financial concluded trading 6 cents higher at $5.21, with 76,982 stock units. Lasco Manufacturing finished 7 cents higher at $4.25, with 3,000 units, Main Event settled with a loss of 57 cents at $7, in swapping 3,827 shares, Medical Disposables ended trading 3,259 shares and rose 30 cents to $5.30, Paramount Trading closd at $3, with 50,000 shares traded, Stationery and Office finished trading 20 cents higher at $8, with 85,425 stock units and tTech ended with a loss of 10 cents at $6, exchanging 200 shares trading.Prices of securities trading for the day are those at which the last trade took place.
Scotia jumps $3.25 to 4 year high on TTSE
Scotia Group climbed $3.25 to end at $67.50 on Monday.
Scotiabank jumped $3.25 and ended at the high level since July 2014, at $67.50, after exchanging 414 shares in trading on the Trinidad & Tobago Stock Exchange but the gain just prevented the main market index from declining.
The market closed with trading in 18 securities against 9 on Friday, with 5 advancing, 6 declining and 7 remaining unchanged.
Market activity ended with 195,485 shares valued at $6,276,330, changing hands, compared to just 42,427 shares valued at $1,567,716 on Friday.
The Composite Index fell 7.36 points on Monday to 1,234.13, the All T&T Index gained 0.34 points to 1,721.93, while the Cross Listed Index shed 2.09 points to close at 100.31.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| Clico Investments closed with a gain of 3 cents to end at $20.25, with 4,170 units, First Citizens gained 10 cents and completed trading at $35, after exchanging 3,779 shares, Massy Holdings rose 30 cents and settled at $47.50, with 108,340 stock units changing hands, National Flour closed with an increase of 5 cents at $1.85, after exchanging 3,750 shares, Scotiabank concluded trading with a gain of $3.25 ended at a near four year record high of $67.50, after exchanging 414 shares.
Losses| Ansa Mcal share price fell $3 and concluded at trading at a 52 weeks’ low of $55, with 614 units, First Caribbean International Bank closed with a loss of 33 cents and ended at $8.50, after exchanging 2,895 shares, JMMB Group shed 10 cents and settled at $1.75, with 13,213 stock units changing hands, One Caribbean Media lost 1 cent and settled at a 52 weeks’ low of $12.34, with 3,192 stock units changing hands, Trinidad Cement ended trading 10 cents lower at $2.90, after exchanging 135 shares and Unilever Caribbean concluded trading with a loss of 20 cents and completed trading at $29.30, after exchanging 192 shares.
Firm Trades| Ansa Merchant ended at $40, after exchanging 1,800 shares, Grace Kennedy concluded at trading at $3, with 15,929 units, NCB Financial Group completed trading at $5.49, after exchanging 3,886 shares, Republic Financial Holdings settled at $102.65, with 50 stock units changing hands, Sagicor Financial concluded at $7.95, with 16,569 units, Trinidad & Tobago NGL closed at $29.10, with 15,985 units and West Indian Tobacco settled at $88.50, with 222 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Grace & Carib Producers back in TOP 10
the past week was very eventful for the Jamaica Stock market as the main market surged to a new all-time high and the Junior market surges more than 100 points in the early part of the week and broke through resistance before pulling back.
Importantly, although the results for the first quarter of 2018 for many companies did not show strong gains while some showed declines compare with 2017, both the junior and main markets are at points to break out of a wedge formation. The moves are bias to the upside.
Medical Disposables jumped to $5 from $4.30 last week and was eased out of the top stocks and replaced by Caribbean Producers. Stationery and Office Supplies fell by the end of the week to $7.80, moving up on the list in the process, 
the order book of the stock suggest further decline before it bottoms out. Jamaican Teas price moved to $5.25 during the latter part of the week as demands picks up and supplies appear to have been declining, but by the end of the week it closed at $5.
In the main market, Jamaica broilers jumped to a record close of $26.30 on Friday, up from $21 at the end of the prior week and moved well outside the top 10 list, replaced by Grace Kennedy that slipped 50 cents in price by week end.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6,2 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.6 for the top stocks, compared to a market average of 13.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market.
Stocks to watch. Scotia Group reported half year results during the past week, but there was nothing about them for investors to be excited about, as they showed lower profits in the April quarter than a year ago period. 
The stock price pulled back sharply on release of the results. The stock yields a dividend of 4 percent which is higher than treasuries and this could be an attraction for some investors while they await return to profit growth. NCB sits just below the TOP 10 list and has good growth prospects for patient investors. PanJam Investment that IC Insider.com reported on in a separate article last week caught the eyes of some investors who moved the price up to $51.98 and it could go higher this week has there is very limited supply for this one. Investors should also keep an eye out for Sygnus Credit that could have its shares listed by next week.
Scotia pushes JSE down sharply Friday
Scotia Groupd price drop pulls JSE down on friday.
The All Jamaican Composite Index dived sharply by 4,246.63 points to 331,495.46 and the JSE Index had a big drop of 3,869.16 points to 302,029.82.
The volume of stocks trading on the main market was 7,187,416 units valued at $228,155,035 compared to 11,661,188 units valued at $284,601,737 on Thursday.
The main trades were, Grace Kennedy with 3,116,194 units accounting for 43.36 percent of trading, followed by Carreras with 1,575,999 units and 21.93 percent of the day’s volume and Supreme Ventures with 800,000 units.
Market activities resulted in 25 securities trading, compared to 29 on Thursday in the main and US dollar markets of which 12 advanced, 6 declined and 7 traded firm while Jamaica Broilers and JMMB Group 7% preference share closed at record high price.
Stocks with major price changes are, Jamaica Broilers jumping $3.10 to a record close of $26.30, JMMB Group falling $1 to close at $27.50, NCB Financial up $1.24 to $96.50, PanJam Investment up $1.33 to $51.98 and Scotia Group dived $2.99 to $50.01.
Trading resulted in an average of 312,496 units valued at an average of $9,919,784 for each security traded. In contrast to 448,507 units for an average of $10,946,221 on Thursday. For the month to date 197,915 units traded with an average value of $6,902,395 and on the previous day 217,527 units traded with an average value of $6,588,540 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.In the US dollar market, 149,071 units valued at over $29,638 traded with Sterling Investments trading 438 units at 10 US cents and Proven Investments rose 1 cent with 148,633 units trading to close at 20 US cents. The JSE USD Equities Index advanced 4.22 points to close at 166.95.
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 closing with lower offers.
For more details of market activities see – JSE main market close down on Friday.
Junior stocks jump 80 points – Friday
The Junior Market of the Jamaica Stock Exchange 80.20 points of the nearly 145 points fall over the past two days after to close at 3004.55 on Friday as the prices of 9 securities advanced, 4 declined and 11 remained unchanged.
At the close of market activities, with 24 securities changed hands compared to 25 changing hands on Thursday, resulting in 3,742,224 units valued at $15,902,706 trading, compared to 5,590,001 units valued at $32,219,897 on Thursday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 155,926 units for an average of $662,613 in contrast to 223,600 units for an average of $1,288,796 on Thursday. The average volume and value for the month to date, amounts to 164,621 units valued at $924,448 and previously 166,390 units valued at $977,703. 
In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 1,146 stock units traded, Caribbean Flavours traded at $10, with an exchange of 6,000 units, Caribbean Producers jumped 55 cents higher to close at $5.25, with 1,680 units, Consolidated Bakeries closed at $2.10, with 95,200 shares, Derrimon Trading rose 2 cents to $9.17, with 16,775 shares. Elite Diagnostic settled 3 cents higher at $3.16, with 36,257 units changing hands, Eppley ended 11 cents higher at $9.18, with 1,100 shares trading, Express Catering gained 27 cents to close at $7.70, with 123,272 shares, FosRich Group finished trading at $2.75, with 44,076 shares. General Accident closed at $3.39, with 565 stock units, GWest Corporation ended with a loss of 10 cents at $2.20, with 23,782 units, Honey Bun dropped 55 cents to $4.65, with 5,000 shares changing hands, Jamaican Teas ended trading at $5, with 45,660 stock units after trading at $5.25. 
Jetcon Corporation closed trading at $4, with 14,250 units, Key Insurance traded 1,000 shares at $4, KLE Group closed with a loss of 30 cents at $2.65, with 1,800 shares trading, Knutsford Express ended 50 cents higher at $12, with an exchange of 2,192 shares. Lasco Distributors concluded trading at $4.15, with 123,991 stock units, Lasco Financial finished at $5.15, exchanging 51,027 units, Lasco Manufacturing settled 18 cents higher at $4.18, with 3,060,100 shares, Main Event ended trading 1 cent higher at $7.57, with 22,861 shares. Medical Disposables climbed 70 cents higher to $5, with 872 shares, Paramount Trading finished trading at $3, with 32,135 stock units and Stationery and Office closed with a loss of 20 cents at $7.80, with 31,483 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market slides – Friday
The Jamaica Stock Exchange closed on Friday with a sharp retreat from record close of the indices on Thursday, even as more stocks rose than fell.
At the close of trading, the All Jamaican Composite Index dived 4,246.63 points to 331,495.46 and the JSE Index dropped sharply by 3,869.16 points to 302,029.82.
A total of 23 securities changed hands, resulting in 11 advancing, 6 declining and 6 remaining firm as 7,187,416 units valued at $228,155,035 traded.
In market activity, Barita Investments closed down 54 cents, to $11.55, with 1,650 shares, Berger Paints gained 50 cents and ended at $20, with 8,000 stock units, Carreras fell 10 cents and finished at $10.50, with 1,575,999 shares changing hands, Grace Kennedy fell 50 cents to end at $49.50, with 3,116,194 stock units, Jamaica Broilers jumped $3.10 to a new all-time high of $26.30, with 51,790 units changing hands. Jamaica Producers rose 40 and closed at $16.85, with a mere 125 shares, Jamaica Stock Exchange ended at $7.30, with 123,000 shares, JMMB Group concluded trading after falling $1 to close at $27.50, with 658,507 shares, Kingston Wharves settled at $46, with 2,780 units. Mayberry Investments gained 5 cents and ended trading at $6.50, with 35,000 shares, NCB Financial Group climbed $1.23 to $96.50, with 38,364 shares, PanJam Investment jumped $1.33 and ended at $51.98, with 6,155 units, Radio Jamaica settled at $1.08, with 5,921 shares. Sagicor Group ended trading with a rise of 5 cents to $39.55, while exchanging 109,852 stock units and Sagicor Real Estate Fund finished trading at $14.50, with 65,260 stock units. 
Salada Foods traded 10,000 units at $14, Scotia Group dropped $2.99 to finish trading 305,483 shares at $50.01, after the group posted lower profit in the April quarter. Supreme Ventures added 10 cents and settled at $13, with 800,000 shares. Victoria Mutual Investments ended 9 cents richer at $3.99, trading 102,912 shares, Wisynco Group gave up 15 cents in closing trading at $9.65, with 118,424 shares. In the main market preference segment, JMMB Group 7% rose 10 cents to $2.11, with 25,000 shares, JMMB Group 7.25 % gained 3 cents and ended at $2.11, with 25,000 shares, Productivity Business 9.75% finished trading at $103, with 2,000 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Scotia pushes JSE down sharply Friday.”
5 stocks fell none rise on TTSE – Friday
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with just 9 securities trading against 11 on Thursday. The market closed without an advancing stock, while 5 declined and 4 remained unchanged.
Trading remained subdued, as market activity ended with just 42,427 shares valued at $1,567,716, compared to just 33,656 shares valued at $736,460 on Thursday.
The Composite Index fell 0.80 points on Friday to 1,241.49, the All T&T Index gained 0.39 points to 1,721.59, while the Cross Listed Index shed 0.28 points to close at 102.40.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 6 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Losses| Clico Investments shares fell 18 cents and ended at $20.22, with 13,900 units, First Caribbean International Bank closed with a loss of 2 cents at $8.83, after exchanging 195 shares, First Citizens shed 5 cents and completed trading at $34.90, in an exchange of 2,780 shares, 
Massy Holdings lost 1 cent and settled at $47.20, with 312 stock units changing hands and Republic Financial Holdings ended trading 1 cent lower at $102.65, with 9,747 stock units changing hands.
Firm Trades| At the close of the market, JMMB Group settled at $1.85, with 317 stock units changing hands, Sagicor Financial concluded trading at $7.95, with 12,750 units, Trinidad & Tobago NGL closed with 1,774 units at $29.10 and Unilever Caribbean completed trading at $29.50, after exchanging 652 shares.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market in 5,000 pts jump -Thursday
Trading closed on the Jamaica Stock Exchange on Thursday, with more than 5,000 points jump in the market indices, after crossing a series of record highs during the trading session and closed at the highest level in the market’s history.
At the close of trading, the All Jamaican Composite Index surged 5,792.25 points to close at a record 335,742.09 points and the JSE Index jumped 5,277.40 points to a closing record high of 305,898.98.
A total of 26 securities changed hands, resulting in 11 advancing, 11 declining and 4 remaining firm.
Trading on the JSE main market ended with the overall volume and value returning to more normal levels of 4,749,951 units valued at $102,233,802 units.
In market activity, Barita Investments closed at $12.09, with an exchange of 200 shares, Berger Paints ended at $19.50, with 16,000 stock units traded, Carreras closed at $10.60, with 5,130 units, Caribbean Cement gained 20 cents and finished at $39, with 47,447 shares, Ciboney Group rose 1 cent to settle at 13 cents, with 12,000 shares trading. Grace Kennedy added just 1 cent and ended trading at $50, with 2,369 shares, Jamaica Broilers traded at 52 weeks’ high of $23.20, after rising 25 cents with 10,703 stock units, JMMB Group jumped $1 and ended trading at $28.50, with 230,317 shares, Jamaica Producers lost 5 cents and finished trading at $16.45, with 24,901 units changing hands, Jamaica Stock Exchange closed with a rise of 11 cents to $7.30, trading 370 shares. Kingston Properties ended at $6.50 after falling 10 cents, with 1,800 shares, Kingston Wharves jumped $4 and concluded trading at $46, with just 500 shares changing hands, Mayberry Investments rose 44 cents to end at $6.45, with 15,504 stock units, NCB Financial Group settled 9 cents lower at $95.26, with 51,713 units. 1834 Investments dropped 18 cents to $1.06, with 3,500 shares, PanJam Investment finished with a rise of 65 cents to $50.65, trading 6,300 shares, 
Pulse Investments ended at $1.79, exchanging 40,100 units, Radio Jamaica lost 12 and concluded trading at $1.08, with 1,800 shares. Sagicor Group lost 50 cents and ended at $39.50, trading 2,674,599 shares and Sagicor Real Estate Fund lost 50 cents and finished at $14.50, with 1,600 units. Scotia Group gained 1 cent and ended trading at $53, with 2,019,507 stock units trading, Supreme Ventures closed with 48,970 shares trading and fell 10 cents to $12.90, Victoria Mutual Investments ended at $3.90, with 442,461 shares. Wisynco Group concluded trading at $9.80, with 5,360,241 stock units but fell 5 cents in the process. In the main market preference segment, JMMB Group lost 1 cent and ended at $2, with 300 shares, JMMB Group settled at $1, with 642,856 units, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “Jamaica Broiler grabs 99% of trade – Tuesday.”