
All Jamaica Composite index broken out of channel but facing some headwinds before it moves away from the resistance zone.
Trading on the Main Market of the Jamaica Stock Exchange on Tuesday concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
A total of 23 securities changed hands in the main market, 5 advanced, 11 declined and 7 traded firm with 17,396,748 units valued at $218,089,928 changing hands, compared to 13,891,915 units valued at $50,338,524 on Monday. The US dollar market traded just one security accounting for 1,369 units valued at just US$324 while the market index rose 12.28 points to 178.62.
Trading ended with an average of 756,380 units for an average of $9,482,171 in contrast to 631,451 units for an average of $2,288,115 on Monday.
The average volume and value for the month to date amounts to 302,442 units valued at $3,919,890 previously 252,248 units with an average value of $3,304,830. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
NCB Financial Group dropped $3, Sagicor Group traded with a loss of $2.90 while Berger Paints rose $1.25 while Supreme Ventures had the largest trade of 13.7 million units.
Trading volume fell sharply on the Trinidad & Tobago Stock Exchange on Tuesday as the market closed with just 9 securities changing hands compared to 13 on Monday, leading to only 52,590 shares trading valued $1,117,150, compared to Monday’s trades of 282,381 units valued at $2,414,741.
Losses| The last traded price of the securities declining and the volume changing hands are First Citizens with a loss of 11 cents, closed at $31.80 with 7,984 shares and Sagicor Financial closing at $7.99, after losing 1 cent while trading 1,000 units.
In a moderate trading, the main market of the Jamaica Stock Exchange closed higher on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
valued at $3,304,830, previously 207,396 units at an average of $3,425,087. In contrast, October closed with average of 1,185,251 units valued at $16,528,582 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with lower offers.
National Flour Mills fell 4 cents and closed at a 52 weeks’ low of $1.95 trading 53,012 shares and Republic Financial Holdings settled at $101.76, losing 13 cents with 3,465 shares valued at $345,708 trading.
Stocks rising and falling were equal at 8 each at the close of trading when the main market of the Jamaica Stock Exchange closed on Monday, with the All Jamaican Composite Index gaining 447.76 points to 321,177.09 and the JSE Index advanced 407.96 points to close at 292,628.66.
Radio Jamaica closed at $1.13, with 3,636 stock units, Sagicor Group ended with a loss of 50 cents at $37.50, and exchanging 135,061 units. Sagicor Real Estate Fund closed 80 cents higher at a new record high of $15.80, with 3,300 shares, Scotia Group lost 36 cents at $51.50, with 20,505 stock units and Supreme Ventures finished trading 3 cents higher at $11.80, with 126,501 shares. In the main market preference segment, JMMB Group 7.5% preference share traded 11,403,244 shares at $1.10 and Jamaica Money Market Brokers 7.5% traded 258,726 units at $1.85. 8.90, with 159,108 stock units. In the US equity market, Margaritaville ended trading 350 units .20 US cents, Productivity Business Solutions traded 3,000 shares at 57.51 US cents and Proven Investments traded 39,584 ordinary shares at 23 US cents.
Trading on the Junior Market of the Jamaica Stock Exchange, ended on Monday with 22 securities changing hands, resulting in an exchange of 1,906,761 units valued at $16,655,143 compared to only 812,631 units valued at $3,846,042 on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Jetcon Corporation ended trading 10 cents higher at $4.80, with 79,878 shares,
The Junior Market Index dropped 33.82 points to close at 2,965.43 on Friday as a number of stocks suffered sizable losses as investors continue to exist stocks of companies that reported profits recently that have not encouraged much buying interest.
In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
Eppley closed at $11.50, with 4,000 units, General Accident concluded trading 3 cents higher at $2.73, with 100,000 shares, Honey Bun ended trading at $4.80, with 34,800 shares, Jamaican Teas closed at $4, with 2,650 units. Jetcon Corporation settled at $4.70, with 13,962 shares, Knutsford Express fell $1.60 to $12.20, with 5,500 shares, Lasco Distributors ended with a loss of 50 cents at $5.90, trading 80,111 shares. Lasco Financial ended trading at $4.60, with 239,722 stock units, Lasco Manufacturing rose 5 cents to end at $4.05, with 21,954 units, Medical Disposables ended with a loss of 40 cents at $5.30, with 900 shares trading, Main Event traded 25 cents higher at $5.75, with 53,485 shares. Paramount Trading closed with a loss of 10 cents at $3.30, with 17,450 units and Stationery and Office ended at $5, with 143,928 stock units changing hands.
with 1,166 stock units, Carreras settled at $11.50, with 301,939 units, Grace Kennedy settled with a loss of 30 cents at $42.70, with 89,708 shares. Jamaica Broilers ended trading at $18.90, with 740,517 stock units, Jamaica Producers finished trading at $15.80, with 20,982 units, Jamaica Stock Exchange ended at $7, with 3,015 shares, JMMB Group closed at $29.50, with 79,059 shares. Kingston Wharves concluded trading 10 cents higher at $32.60, with 55,930 units, Mayberry Investments finished at $5, with 400 shares, NCB Financial Group finished with a loss of $1.16 at $106.85, with 198,782 shares, PanJam Investment finished 45 cents higher at $43, with 25,550 units.
Portland JSX ended trading $1.15 higher at $8.65, with 800 shares, Pulse Investments concluded trading with a loss of 10 cents at $1.80, with 400 shares, Radio Jamaica ended with a loss of 2 cents at $1.13, with 52,971 stock units, Sagicor Group finished trading with a loss of 2 cents at $37.98, with 166,163 units. Sagicor Real Estate Fund concluded trading with a loss of 20 cents at $15, with 6,100 shares, Scotia Group settled 50 cents higher at $51.50, with 168,909 stock units, Seprod closed with a loss of 99 cents at $28.01, with 2,146 units and Supreme Ventures ended trading with a loss of $1.10 at $11.90, with 313,557 shares. In the US dollar Equities market, Magaritaville ended trading 500 units at 20 US cents after dropping 10 cents and Proven Investments ordinary share traded 11,500 units at 23 US cents 23.
Republic Financial Holdings traded 13 cents higher, closing at $101.89 with 3,460 shares valued at $352,307 and Trinidad & Tobago NGL gained 1 cent to close at $23.50 exchanging 6,099 shares.
Grace Kennedy ended with a loss of 20 cents at $42.50, while 17,221 shares traded, Jamaica Broilers fell 40 cents to $18.50, with 53,740 stock units, Jamaica Producers ended with a loss of 60 cents at $15.20, with 4,061,507 units changing hands. Jamaica Stock Exchange fell 1 cent to $6.99, with 53,928 shares, JMMB Group finished $1 higher to end at a 52 weeks’ high of $30.50, with 58,275 stock units, Kingston Wharves traded with a loss of 10 cents at $32.50, with 70,928 units, Mayberry Investments traded at $5, with 139,224 shares. NCB Financial Group concluded trading $1.15 higher at $108, with 160,919 shares, 138 Student Living
finished trading at $6, with 8,500 shares, 1834 Investments settled with a loss of 5 cents at $1.30, with 1,281 stock units, PanJam Investment finished at $43, with 2,000 units, Portland JSX ended 45 cents higher at $9.10, with 2,000 shares, Pulse Investments ended trading at $1.80, with 3,048 shares. Sagicor Group traded 2 cents higher at $38, with 226,496 units, Sagicor Real Estate Fund ended at $15, with 7,000 shares, Scotia Group concluded trading with a gain of 36 cents to $51.86, with 87,257 stock units, Seprod ended $1.99 higher at $30, with 828 units and Supreme Ventures concluded trading with a loss of 13 cents at $11.77, with 154,923 shares. In the US equity market, JMMB Group 6 percent preference share ended trading with 15,000 units $at US$1.121 and Proven Investments ordinary share traded 14,583 stock units at 23 US cents.