Trading on the Junior Market of the Jamaica Stock Exchange settled on Thursday with 17 securities changing hands, resulting in an exchange of 639,827 units valued at $3,060,108 compared to 17 securities and 1,174,483 units trading valued at $5,458,374 on Wednesday.
At the close of market activities, the prices of 7 securities advanced, 5 declined and 5 remained unchanged, leaving the Junior Market Index adding just 0.28 points to close at 2,999.25.
Trading ended with an average of 37,637 units for an average of $180,006 in contrast to 61,815 units for an average of $287,283 on Wednesday. The average volume and value for the month to date amounts to 61,834 units valued at $304,793 and previously 65,350 shares at an average of $322,925. In contrast, October closed with average of 74,690 units valued at $362,548 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 1 with lower offers.
At the close of the market, Caribbean Flavours closed at $12, with 9,549 shares, Caribbean Producers concluded trading at $3.80, with 23,958 units, Derrimon Trading closed 1 cent higher at $7, with 8,390 shares, Express Catering finished with a loss of 6 cents at $4.55, with 41,100 stock units, General Accident finished with a loss of 5 cents at $2.70, with 86,000 stock units. Honey Bun ended trading 1,900 shares with a loss of 20 cents at $4.80, Jamaican Teas ended 20 cents higher at $4, with 50,000 units, 
Jetcon Corporation closed 20 cents higher at $4.70, with 5,000 shares, Knutsford Express recovered $1.80 of the $2.75 it lost on Wednesday to close at $13.80, with 10,560 stock units changing hands. Lasco Distributors ended at $6.40, with 54,180 shares, Lasco Financial finished with a loss of 30 cents at $4.60, with 5,629 stock units, Lasco Manufacturing finished trading 10 cents higher at $4, with 39,545 units, Medical Disposables ended trading with a loss of 5 cents at $5.70, with 28,000 shares. Main Event concluded trading at $5.50, with 15,048 shares, C2W Music ended trading 7 cents higher at 49 cents, with 9,550 stock units, Paramount Trading ended trading 25 cents higher at $3.40, with 12,000 units and Stationery and Office ended at $5, with 239,418 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
TTSE indices’ gains mask deeper problems
Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings
This graph tell the story that Unilever shares are set for a steep fall going forward.
is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.
JSE main market in moderate gain
Trading on the Main Market of the Jamaica Stock Exchange was moderate on Thursday with just 20 securities changing hands, 4 advanced, 9 declined and 8 traded firm. Only 2,566,192 units valued at $67,621,781 traded compared to 6,096,729 units valued at $100,198,639 on Wednesday.
The JSE All Jamaican Composite Index inched higher by 166.44 points to close at 320,626.86 and the JSE Index rose just 151.64 points to close at 292,127.34. The US dollar Equity market fell 5.09 points to 175.63 as 2 securities traded in this market resulting in 12,000 shares valued at US$2,745 as the price of 1 security fell.
Trading ended with an average of 128,310 units for an average of $3,381,089 in contrast to 243,869 units for an average of $4,007,946 on Wednesday. The average volume and value for the month to date amounts to 199,991 units valued at $3,227,959 and previously 209,946 units at an average of $3,206,692. In contrast, October closed with average of 1,185,251 units 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 2 with lower offers.
JSE main market pulls back
The Main Market of the Jamaica Stock Exchange closed down in trading on Wednesday, with 25 securities changing hands, 12 advanced, 8 declined and 5 traded firm with 6,096,729 units valued at $100,198,639 compared to 8,833,616 units valued at $92,295,814 on Tuesday.
The JSE All Jamaican Composite Index declined by 345.46 points to close at 320,460.42. The JSE Index declined by 314.75 points to close at 291,975.70. Just one security traded in the US dollar market resulting in 45,180 units changing hands valued at US$10,397 with the index rising 0.05 points to 180.72.
Trading ended with an average of 243,869 units for an average of $4,007,946 in contrast to 384,070 units for an average of $4,012,861 on Tuesday. The average volume and value for the month to date amounts to 209,946 units valued at $3,206,692 and previously 202,820 units at $3,038,361. In contrast, October closed with average of 1,185,251 units 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 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
JSE main market ends with losses Wednesday
More stocks closed with gains than with losses, on Wednesday on the Main Market of the Jamaica Stock Exchange as 25 securities changed hands, with 12 advancing, 8 declined and 5 traded firm as 6,096,729 units valued at $100,198,639 traded.
Price movements resulted in moderate fall in the market indices at the close.
In the main activity, Barita Investments traded with a loss of 2 cents at $8.88, with 28,307 units, Berger Paints concluded trading 50 cents higher at $15, with 19,008 shares, Cable & Wireless closed with a loss of 1 cent at $1.09, with 1,256,447 shares, Caribbean Cement traded $1 higher at $33, with 14,395 stock units. Carreras concluded trading at $11.50, with 1,097,819 units, Ciboney Group settled 2 cents higher at $0.17, with 4,000 shares, Grace Kennedy finished at $43, with 32,084 shares, Jamaica Broilers finished trading with a loss of 9 cents at $18.90, with 22,921 stock units. Jamaica Producers traded 20 cents higher at $15.80, with 32,668 units, Jamaica Stock Exchange finished trading 1 cent higher at $7, with 35,412 shares, JMMB Group concluded trading 14 cents higher at $29.50, with 199,909 shares, Kingston Wharves ended trading with a loss of 50 cents at $32.50, with 3,491 units. Mayberry Investments closed with a loss of 5 cents at $5, with 1,000 shares, NCB Financial Group traded 1 cent higher at $108.01, with 279,573 shares changing hands, 1834 Investments finished 5 cents higher at $1.35, with 400 stock units, 
PanJam Investment concluded trading with a loss of 45 cents at $42.55, with 21,820 units, Radio Jamaica ended trading 2 cents higher at $1.15, with 3,500 stock units. Sagicor Group settled 40 cents higher at $38, with 54,460 units, Sagicor Real Estate Fund concluded trading 20 cents higher at $15.20, with 546,470 shares, Scotia Group traded with a loss of 80 cents at $51, with 502,155 stock units, Seprod finished trading with a loss of 75 cents at $29, with 103,599 units and Supreme Ventures concluded trading 50 cents higher at $13, with 426,660 shares. In the main market preference segment, Jamaica Money Market Brokers7.25% preference share ended 14 cents higher at $2.49, Jamaica Money Market Brokers7.5% preference share ended 14 cents higher at $1.85, with 399,000 stock units, JMMB Group 7.5% preference share ended at $1.10, with 1 million stock units and Proven Investments traded 45,180 units in the US dollar market unchanged at 57.51 US cents.
Prices of securities trading for the day are those at which the last trade took place.
NCB at J$122.50 in Trinidad
NCB trades at TT$6.45 or J$122.50 on the TTSE on Wednesday.
NCB Financial Group rose to a record 52-week high of $6.45 (J$122.50) after advancing 24 cents with 14,386 shares changing hands, Unilever Caribbean that suffered from major reversal of profits from 2014, tumbled to a 52-week low of $38.75 with a loss of $1.25 trading 1,200 units on the Trinidad & Tobago Stock Exchange on Wednesday.
Trading resulted in 15 securities changing hands compared to 16 on Tuesday as 3 stocks advanced, 4 declined and 8 held firm, leading to 350,612 shares trading at a value of $4,377,442, compared to Tuesday’s trades of 656,483 units valued at $7,023,258.
The Composite Index advanced 4.61 points to 1,288.64, the All T&T Index gained 0.35 points to 1,754.88 and the Cross Listed Index rose 1.22 points to close at 110.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Three stocks rose at the close of trading including Angostura Holdings that gained 5 cents closing at $15.05 with 164 units and JMMB Group rising 5 cents and ended at $2.09, exchanging 96,985 shares.
Losses| The last traded price of the securities declining are First Citizens with a loss of 1 cent, closed at $31.80 trading 15,800 shares valued at $505,147, after trading at $22. Grace Kennedy settled at $2.95, losing 5 cents with 122,197 shares valued at $360,591 and Massy Holdings was down 1 cent to $49.49 with 2,400 shares.
Firm Trades| At the close of trading are Clico Investment closed at $21 in exchanging 23,928 shares valued at $502,488, Ansa Merchant Bank exchanged 320 units at $40, First Caribbean International Bank traded 34,720 shares at $9 valued at $312,480. Guardian Holdings remained at $15 with 347 units. One Caribbean Media closed at $14 with 10,075 shares trading, Republic Financial Holdings ended at $101.76 with 17,762 shares valued at $1,807,461, Scotiabank exchanged 765 units at $58.10 and Trinidad & Tobago NGL closed at $23.49 with trades of 9,563 shares.
Knutsford hits junior index with $2.75 drop
One of Knutsford Express buses.
Knutsford Express dropped $2.75 to close at $12 on Wednesday and was a major contributor the near 74 points fall in the Junior market index. Today’s fall brings the decline in three days to 176 points.
Today’s decline reduced a part of the over valuation of the stock leaving it with a PE of 22 that is still one of the higher valued junior market stocks. The stock close with just two bids amounting to 4,096 share and seems poised to head lower as there is limited buying interest, at current prices.
At the close of market activities, the prices of 6 securities advanced, 6 declined and 7 remained unchanged. The Market Index declined by 73.52 points or 2.39 percent to close at 2,998.97.
Trading ended with 19 securities changing hands, resulting in an exchange of 1,174,483 units valued at $5,458,374 compared to 801,297 units valued at $3,685,511 on Tuesday.
Trading ended with an average of 61,815 units for an average of $287,283 in contrast to 38,157 units for an average of $175,501 on Tuesday. The average volume and value for the month to date amounts to 65,350 units valued at $322,925 and 66,036 shares valued at an average of $329,835, previously. In contrast, October closed with average of 73,639 units valued at $371,926 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 2 with lower offers.
At the close of the market, AMG Packaging finished 5 cents higher at $3.15, with 42,597 shares, Cargo Handlers finished at $10.85, with 140 stock units, Caribbean Producers ended trading 15 cents higher at $3.80, with 287,001 units, Express Catering ended at $4.61, with 320 stock units, General Accident closed with a loss of 5 cents at $2.75, with 45,000 shares. 
Honey Bun finished 20 cents higher at $5, with 3,956 shares trading, Knutsford Express plunged $2.75 to $12, with 10,320 shares as demand had thinned out weeks ago leaving it exposed to suffer a sharp fall with the stock considered to be overpriced. Key Insurance ended 49 cents higher at $3.99, with just 100 stock units, KLE Group rose 22 cents to $2.50, with 102,500 units changing hands. Lasco Distributors finished with a loss of 10 cents at $6.40, with 251,035 shares, Lasco Financial concluded trading at $4.90, with 256,200 stock units, Lasco Manufacturing ended trading at $3.90, with 23,285 units, Medical Disposables closed 20 cents higher at $5.75, with 63,829 shares. Main Event settled with a loss of 10 cents at $5.50, with 22,000 shares, Paramount Trading traded with a loss of 15 cents at $3.15, with 15,250 units, Consolidated Bakeries finished trading with a loss of 24 cents at $2.36, with 2,000 shares, Iron Rock settled at $3.25, with 100 shares. Stationery and Office settled at $5, with 43,850 stock units and tTech ended trading at $7.40, with 5,000 shares.
Prices of securities trading for the day are those at which the last trade took place.
All Jamaica index surges 1,973 points
Bulls still at large in down town Kingston
At the close of trading on the Jamaica Stock Exchange, the JSE All Jamaican Composite Index surged 1,972.76 points to close at 320,805.88 while the JSE Index jumped by 1,797.41 points to 292,290.45.
A total of 23 securities changed hands in the main market leading to 11 advancing, 4 declining and 6 traded firm while the US dollar market saw 4 securities trading resulting in 84,731 units changing hands valued at US$48,586 with the index remaining unchanged.
In the main activity, Berger Paints closed with a loss of 1 cent at $14.50, with 92,500 shares, Cable & Wireless ended at $1.10, with 158,331 units, Caribbean Cement ended 99 cents higher at $32, with 17,500 stock units. Carreras ended at $11.50, with 289,081 shares, Grace Kennedy closed $1 higher at $43, with 95,433 shares,
Jamaica Broilers ended at $18.99, with 68,325 stock units, Jamaica Producers traded at $15.60, with 33,353 units. Jamaica Stock Exchange traded 17 cents higher at $6.99, with 66,743 shares, JMMB Group ended trading 86 cents higher at $29.36, with 175,289 shares, Kingston Wharves ended trading 50 cents higher at $33, with 5,600 units, Mayberry Investments settled 5 cents higher at $5.05, with 1,811,830 shares. NCB Financial Group finished trading $1.70 higher at $108, with 96,989 shares, 138 Student Living settled at $6, with 6,634 shares, 1834 Investments closed 10 cents higher at $1.30, with 9,934 stock units, PanJam Investment traded at $43, with 338,780 units, Radio Jamaica ended with a loss of 2 cents at $1.13, with 45,746 stock units, 
Sagicor Group finished with a loss of 60 cents at $37.60, with 45,779 units. Sagicor Real Estate Fund concluded trading 36 cents higher at $15, with 9,883 shares, Scotia Group finished 81 cents higher at $51.80, with 392,849 stock units, Seprod concluded trading with a loss of 25 cents at $29.75, with 400,000 units and Supreme Ventures traded 70 cents higher at $12.50, with 193,750 shares. In the main market preference segment, JMMB Group 7.5% preference share closed at $1.85, with 1,000 units traded. In the US dollar market, JMMB Group 6% preference share closed at $1.121, after a modest gain with 26,500 units, Margaritaville traded just 100 units at 30 US cents, Productivity Business Solutions end up with 15,881 shares trading at 57.51 US cents and Proven Investments traded 42,250 units at 23 US cents.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market post strong gains
Rising prices outnumbered falling stocks leading to a strong rise in the market indices in trading on the Main Market of the Jamaica Stock Exchange closed on Tuesday.
At the close the JSE All Jamaican Composite Index surged 1,972.76 points to close at 320,805.88 while the JSE Index jumped by 1,797.41 points to 292,290.45 as 23 securities changed hands in the main market leading to 11 advancing, 4 declining and 6 traded firm while the US dollar market saw 84,731 units trading with a value of US$48,586 with the index remaining unchanged as 4 securities traded.
Some of the contributors to the strong market gains are, Caribbean Cement that gained 99 cents, Grace Kennedy rising $1, JMMB Group with a gain of 86 cents, NCB Financial Group finishing $1.70 higher and Scotia Group that added 81 cents to its price.
Market activity ended with leading to 8,833,616 units valued at $92,295,814 changing hands compared to 894,417 units valued at $17,805,863 on Monday.
Trading ended with an average of 384,070 units for an average of $4,012,861 in contrast to 37,267 units for an average of $741,911 on Monday. The average volume and value for the month to date amounts to 202,819 units valued at $3,038,361 and previously, and average of 159,395 units valued at $2,804,887. 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 for the main and US dollar market shows 7 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Junior Market sheds 102 points in 2 days
Lasco Distributors rose by 23 cents but Lasco Manufacturing fell 40 cents on Tuesday.
The Junior Market of the Jamaica Stock Exchange suffered another big hit at the close of trading on Tuesday the market index shedding 53.84 points to close at 3,072.49 and bringing the loss in two days to 102 points.
Market activities ended with 21 securities changing hands, resulting in 7 securities rising, 9 declining and 5 remaining unchanged as an exchange of 801,297 units valued at $3,685,511 took place compared to 1,181,368 units valued at $5,830,463 on Monday.
Trading ended with an average of 38,157 units for an average of $175,501 in contrast to 56,256 units for an average of $277,641 on Monday. The average volume and value for the month to date amounts to 66,035 units valued at $329,835 and $73,639 units valued at $371,926 previously. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
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 2 with lower offers.
At the close of the market, AMG Packaging traded with a loss of 40 cents to close at $3.10, with 32,595 stock units, Caribbean Producers finished with a loss of 14 cents at $3.65, with 266 units traded, Dolphin Cove ended trading 43 cents higher at $17.43, with 1,000 shares, Express Catering settled 1 cent higher at $4.61, with 34,752 stock units, Eppley finished trading at $11.50, with 1,900 units. General Accident concluded trading at $2.80, with 21,288 shares, Honey Bun settled 20 cents higher at $4.80, with 41,293 shares, Jamaican Teas concluded trading with a loss of 30 cents at $3.80, with 6,968 units, Jetcon 
Corporation ended trading with a loss of 30 cents at $4.50, with 8,200 shares. Knutsford Express concluded trading at $14.75, with 2,410 shares, KLE Group ended trading with a loss of 22 cents at $2.28, with 5,000 units, Caribbean Cream settled at $5.99, with 830 shares, Lasco Distributors concluded trading 23 cents higher at $6.50, with 104,920 shares. Lasco Financial finished trading 40 cents higher at $4.90, with 38,423 stock units, Lasco Manufacturing ended with a loss of 40 cents at $3.90, with 243,262 units, Medical Disposables finished trading with a loss of 27 cents at $5.55, with 16,821 shares, Main Event finished trading at $5.60, with 10,815 shares. Paramount Trading finished with a loss of 29 cents at $3.30, with 121,294 units, Consolidated Bakeries concluded trading with a loss of 21 cents at $2.60, with 3,006 shares, Stationery and Office settled 15 cents higher at $5, with 97,993 stock units and tTech settled 31 cents higher at $7.40, with 8,261 shares. In the junior market preference segment,
Prices of securities trading for the day are those at which the last trade took place.