All-time high for JSE in early trading

The Jamaica Stock Exchange main market is trading in record territory just after opening on Friday morning.
Trading on the Main Market saw the JSE All Jamaican Composite Index rising 2,955.43 points to record close of 298,567.15 and pushed gains for the year to date up by 42 percent. The JSE Index jumped 2,692.74 points to record close at 272,028.45, the Combined Index surged 2,465.92 points to a record 282,248.23.
The Junior Market index slipped 1.42 points to 2,945.06 as trading in that market continues to lag that of the main market as investors seem to have refocused on the more matured companies that are listed on the main market.
At the current levels, the market is sitting just below the short term resistance level of 300,000 points and seems set to attach it soon.

Trading levels sink low

The Trinidad & Tobago Stock Exchange closed on Thursday with 11 securities changing hands compared to 9 on Wednesday with 2 stocks advancing, 2 declining and 7 holding firm.
The market closed with 42,162 shares traded at a value of $861,732 compared to Wednesday’s trades of 151,676 units valued at $794,116.
The Composite Index dropped 0.94 points to 1,243.73, the All T&T Index declined 1.86 points to 1,782.93 and the Cross Listed Index closed unchanged at 94.66.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Guardian Holdings gained 24 cents, and closed at $15.25 while exchanging 410 units and Trinidad & Tobago NGL added 1 cent, in ending at $23.01 with 21,912 shares valued at $503,978.
Losses| First Citizens lost 1 cent, and closed at $31.99 with 4,438 shares and Unilever Caribbean plunged to a 52 weeks’ low of $46.02 after dropping $3.33 in trading only 461 units.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are Clico Investment closing at $21.51 with 2,400 shares, JMMB Group traded 2,500 shares at $1.35, National Enterprises exchanged 100 units at $10.37, Republic Financial Holdings ended at $101.89 with 54 units. Sagicor Financial closed at $8.15 with 6,782 shares, Scotiabank remained at $58.02 with trades of 1,105 units and Trinidad Cement traded 2,000 shares at $4.21.

 

Trading sinks on Junior Market

Trading on the Junior Market of the Jamaica Stock Exchange was lukewarm with very low volume down 93 percent compared with Wednesday’s trading, and low participation of listed securities on Thursday.
Only 13 securities changed hands, resulting in an exchange of a mere 208,547 units valued at $1,048,705 compared to 2,934,308 units valued at $12,094,964 on Wednesday, from 18 securities changing hands.
At the close of market activities, the prices of 3 securities advanced, 3 declined and 7 closed with the prices unchanged, leading to the Junior Market Index advancing 14.72 points to close at 2,946.48.
Trading ended with an average of 16,042 units for an average of $80,670 in contrast to 163,017 units for an average of $671,942 on Wednesday. The average volume and value for the month to date amounts to 79,110 units valued at $364,503 and previously 92,775 units at an average value of $426,000. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments still looking mixed going into Friday’s trading session as 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
The volume and prices quoted for securities are amounts traded for the day at the last trading price. At the close of the market, AMG Packaging ended trading at $3.40, with 25,955 units, Caribbean Cream settled at $6, with 7,979 stock units, Caribbean Producers finished with a loss of 14 cents at $3.65, with 13,585 shares, Consolidated Bakeries settled with a loss of 50 cents at $2, with 7,500 stock units. Eppley finished at $12, with 1,914 shares trading, Express Catering concluded trading 30 cents higher at $4.50, with 46,800 units changing hands, Honey Bun closed at $4.50 while trading 9,967 stock units, Jetcon Corporation closed at $4.50 with 13,429 shares. Knutsford Express traded with a loss of 5 cents at $14.75, with 6,215 stock units, Lasco Distributors concluded trading at $6.10, with 50,359 stock units, Lasco Manufacturing traded 9 cents higher at $3.98, with 7,240 units, Main Event ended trading at $5.01, exchanging 15,839 stock units and Stationery and Office ended 5 cents higher at $4.85, with 1,765 units changing hands.

Main market climbs higher on Thursday

The Main Market of the Jamaica Stock Exchange closed at a new record high on Thursday, as the JSE All Jamaican Composite Index rose 516.81 points to record close of 295,611.68 and the JSE Index advancing 470.87 points to a record close at 269,335.73.
A total of 21 securities changed hands in the main market, with, 8 advancing, 5 declining with 3,821,978 units valued at $54,648,279. The JSE US Dollar Equities Index advanced 1.65 points to close at 186.63 with 1,000 units trading, valued at US$598.
In the market activity, volume and prices quoted are amounts traded for the day at the last trading price. In the main activity, Cable & Wireless ended trading 1 cent higher at $1, with 640,469 stock units, Caribbean Cement dropped $2.59 to $26.01, with just 400 units, Carreras traded 542,284 shares, to close at $12. Grace Kennedy fell 45 cents to end at $43, with 49,438 shares, Jamaica Broilers traded 49 cents higher at $18.99, with 6,020 stock units. Jamaica Producers settled with a loss of $1 at $15, with 93,586 shares, Jamaica Stock Exchange traded with a loss of 20 cents at $7.60, with 1,739 stock units, JMMB Group closed $2.50 higher at a record close of $25, with 371,074 shares. Kingston Properties traded with a loss of 20 cents at $7.20, with 1,400 stock units, Kingston Wharves concluded trading at $31.50, with 4,080 units. 1834 Investments concluded trading at $1.38, with 1,843 shares, PanJam Investment settled $2.15 higher at $44, with 5,905 stock units, Radio Jamaica settled at $1.15, with 2,500 shares, Sagicor Group settled 3 cents higher at $34.53, with 23,475 stock units, Sagicor Real Estate Fund ended at $13.08, with 300 units changing hands. Salada Foods finished at $8.50, with 10,000 stock units, Scotia Group ended trading $1.98 higher at $50.98, with 185,115 stock units, Seprod traded $1.95 higher at $30, with 13,026 shares and Supreme Ventures ended with a loss of $1 at $11, with 1,783,545 shares.
In the main market preference segment, Sagicor Bank A shares closed at $1.05, with 23,000 units changing hands and in the US dollar segment Productive Business ordinary share traded 1,000 units at 58 US cents.

4th straight record close for JSE majors

Trading on the Main Market of the Jamaica Stock Exchange closed at a new record closing high on Thursday the fourth consecutive record close as the JSE All Jamaican Composite Index rose 516.81 points to record close of 295,611.68 and the JSE Index advanced 470.87 points to a record close at 269,335.73.
A total of 21 securities changed hands in the main market with, 8 advancing, 5 declining and 8 traded firm with 3,821,978 units valued at $54,648,279 compared to 4,324,540 units valued at $37,838,559 on Wednesday. The JSE USD Equities Index advanced 1.65 points to close at 186.63 with 1,000 units trading valued at US$598.
Trading ended with an average of 181,999 units for an average of $2,602,299 in contrast to 188,023 units for an average of $1,645,155 on Wednesday. The average volume and value for the month to date amounts to 1,441,294 units valued at $18,008,361 and 1,441,968 units valued at $22,837,126, previously. In contrast, September closed with average of 283,480 units valued at $3,630,990 for each security traded.
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 a very strong 7 stocks with bids higher than their last selling prices, down from 6 on Tuesday and 2 with lower offers, compared to 2 on Wednesday.
Trading in Berger Paints was suspended at the start of market based on the request of the company but with no reason released to the public. At the close, JMMB Group ended at an all-time record close of $25 as supply has declined sharply in recent weeks and Scotia Group continues to quietly move back up slowly with the price closing at $50.98 and Supreme Ventures traded the largest volume with 1,783,545 shares of its stock trading.

Majors jump to record close

Trading ended on the Jamaica Stock Exchange on Wednesday with just 23 securities trading leading to the prices of 9 advancing and 11 declining as the market finished at a record closing high.
The JSE All Jamaican Composite Index climbed to a record close of 295,094.91 with gains of 929.05 points and the JSE Index rose 846.47 points to a new closing high of 268,864.84 as 4,324,540 units valued at $37,838,559 changed hands.
In the market activity, volume and prices quoted are amounts traded for the day at the last trading price. At the close of the market, Barita Investments ended trading with a loss of 24 cents at $7.76, with 2,150 units changing hands, Berger Paints lost 45 cents at $11.25, with 77,437 shares, Cable & Wireless ended with a loss of 6 cents at $0.99, with 2,312,610 stocks units trading, Caribbean Cement finished 60 cents higher at $28.60, with 3,500 units, Carreras finished with a loss of 60 cents at $12, with 787,049 shares trading. Grace Kennedy closed at $43.45, with 6,516 shares, Jamaica Broilers ended with a loss of 30 cents at $18.50, with 35,182 units, Jamaica Producers gained 95 cents to end at $16, with 14,581 shares, Jamaica Stock Exchange finished with a loss of 19 cents at $7.80, with 5,832 stock units, JMMB Group ended trading with a loss of 20 cents at $22.50, with 264,042 stock units changing hands, Kingston Wharves ended trading at $31.50, with just 100 stock units, Mayberry Investments finished 89 cents higher at $4.99, with 209,716 shares, 138 Student Living ended 60 cents higher at $5.40, with 10,000 stock units, PanJam Investment traded with a loss of $1.20 at $41.85, with 7,370 units, Pulse Investments closed 17 cents higher at $1.82, with 26,600 shares trading. Radio Jamaica closed 4 cents higher at $1.15, with 77,200 stock units, Sagicor Group ended with a loss of 3 cents at $34.50, trading 24,279 stock units, Scotia Group closed at $49, trading 4,559 units, Seprod ended with a loss of $1.95 at $28.05, with 1,594 shares. Sterling Investments finished 20 cents higher at $12.25, with 2,486 stock units, Supreme Ventures ended trading $1 higher at $12, with 319,536 shares and in the main market preference segment, JMMB Group settled with a loss of 4 cents at $1.15, with 9,853 units changing hands.

Another record close for JSE

The JSE All Jamaican Composite Index climbed to a record close at 295,094.91 after holding on to gains of 929.05 points and the JSE Index advanced by 846.47 points to a new closing high of 268,864.84 on Wednesday as 23 securities changing hands.
The market was ending at a new closing high for the second consecutive day having surged to new closing high on Tuesday.
At the close of trading 9 securities advanced, 11 declined and 3 traded firm with 4,324,540 units valued at $37,838,559 compared to 78,668,713 units valued at $1,059,742,531 on Tuesday. There was no trading in the US dollar market. Fresh from reports that the major holdings in Supreme Ventures will be under the full control of a Trinidad Company the price of Supreme climbed by $1 to $12 with 319,536 shares trading while Mayberry Investment that are the brokers charged with raising the funds to effect the purchase of half of the major holding company holdings jumped 89 cents to $4.99.
Trading ended with an average of 188,023 units for an average of $1,645,155 in contrast to 3,575,851 units for an average of $48,170,115 on Tuesday. The average volume and value for the month to date amounts to 1,441,968 units valued at $22,837,126 and 2,097,440 units at an average of $33,914,748 previously. In contrast, September closed with average of 283,480 units valued at $3,630,990 for each security traded.
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 a very strong 6 stocks with bids higher than their last selling prices, down from 7 on Tuesday and 2 with lower offers, compared to 2 on Tuesday.

Trading levels rise for Juniors – Wednesday

Caribbean Producers trded 2.2 million shares on Wednesday.

Trading on the Junior Market of the Jamaica Stock Exchange surged on Wednesday with 18 securities changing hands, resulting in an exchange of 2,934,308 units valued at $12,094,964 compared to 533,674 units valued at $2,239,006 on Tuesday.
At the close of market activities, the prices of 6 securities advanced, 6 declined and 6 remained with the prices unchanged as the Junior Market Index declined by 28.64 points to close at 2,931.76.
Trading ended with an average of 163,017 units for an average of $671,942 in contrast to 31,393 units for an average of $131,706 on Tuesday. The average volume and value for the month to date amounts to 92,783 units valued at $417,563 and 57,666 units valued at an average of $290,374, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking slightly positive for Thursday trading activity as 6 stocks ended with bids higher than their last selling prices and 1 with a lower offer.
At the close of the market the volume of stocks units changing hands and their last traded price are: Access Financial finishing at $42, with 2,160 units trading, AMG Packaging settling with a loss of 10 cents at $3.40, with 74,000 units, while Caribbean Producers concluded trading 19 cents higher at $3.79, with 2,221,427 stock units, Dolphin Cove ended trading at $17.50, with 11,060 units changing hands. Eppley ordinary ended trading at $12, with 50,000 shares, Express Catering settled 20 cents higher at $4.20, with 11,519 stock units, Honey Bun concluded trading at $4.50, with 26,385 units, Jamaican Teas lost 1 cent at $3.78, with 3,892 shares, Jetcon Corporation ended at $4.50, with 142,850 stock units trading. Knutsford Express closed with a loss of 9 cents at $14.80, with just 1,448 units, Lasco Distributors concluded trading with a loss of 15 cents at $6.10, with 35,721 shares, Lasco Financial added 3 cents to move to $4.18, with 278,455 units trading. Lasco Manufacturing closed with a loss of 31 cents at $3.89, with 4,344 stock units, Main Event finished with a loss of 9 cents at $5.01, with 5,094 stocks units, Medical Disposables rose 70 cents in concluding trading at $5.30, with 2,100 units, Stationery and Office settled 5 cents higher at $4.80, with 60,000 stock units, Sweet River finished 34 cents higher at $3.86, with 1,553 units and in the junior market preference segment, Eppley ended at $6.55, with 2,300 units trading.

Trading drops on TTSE – Wednesday

Trading levels dropped sharply at the close on Wednesday on the Trinidad & Tobago Stock Exchange with 9 securities changing hands compared to 12 on Tuesday with 1 rising, 4 declining and 4 remaining unchanged as 151,676 shares traded at a value of $794,116 compared to Tuesday’s trades of 221,213 units valued at $3,516,269.
The Composite Index gained 0.09 points to 1,244.67, the All T&T Index declined 0.23 points to 1,784.79 and the Cross Listed Index added 0.06 points to close at 94.66.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Trinidad Cement was the sole security to gain as it traded 5,550 shares and added 1 cent in closing at $4.21.
Losses| The last traded price of the securities declining and the volume changing hands are Clico Investment closing with a loss of 1 cent, at $21.51 with 5,300 shares, Angostura Holdings closed at $15.10, losing 5 cents trading 184 units, Scotiabank lost 3 cents, closing at $58.02 with 4,879 shares and Trinidad & Tobago NGL traded 10 cents lower to $23 with 1,650 units.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are Grace Kennedy closing at $2.90 in exchanging 27,014 shares, while National Flour Mills trading 99,091 shares at $2, NCB Financial Group holding firm at $5.16 with 3,000 units trading and Sagicor Financial that closed at $8.15 with 5,008 shares.

Scotia pushes JSE to new record close

Scotia helped push the JSE to new record close on Tuesday.

Trading on the Jamaica Stock Exchange closed on Tuesday with 22 securities changing hands main market and one in the US d0llar market, leading 8 advancing and 11 declining as trading volume jumped sharply to 78,668,713 units.
At the close, the main market ended at a new closing high as Scotia Group jumped sharply to $49 at the close.
In the main activity, Berger Paints settled with a loss of 30 cents at $11.70, with 174,040 units, Cable & Wireless ended trading fell 6 cents to end at $1.05, with 83,989 units, Caribbean Cement closed with a loss of 50 cents at $28, with 3,800 shares, Carreras concluded trading with a loss of 90 cents at $12.60, with 958,423 units as high as $14 before falling back later in the trading session. Grace Kennedy closed 45 cents higher at $43.45, with 170,391 stock units, Jamaica Broilers concluded trading 30 cents higher at $18.80, with 19,831 shares, Jamaica Producers ended trading with a loss of 45 cents at $15.05, with 25,823 units, Jamaica Stock Exchange ended with a loss of 1 cent at $7.99, with 17,681 shares. JMMB Group closed with a loss of 30 cents at $22.70, with 46,302 stock units trading, Kingston Wharves closed 50 cents higher at $31.50, with 1,177 units, Mayberry Investments ended trading with a loss of 70 cents at $4.10, with 35,723 shares changing hands, 1834 Investments ended at $1.38, with 5,000 stock units trading, PanJam Investment traded 55 cents higher at $43.05, with 36,636 shares, Portland JSX concluded trading with a loss of 28 cents at $9, with 10,000 units, Pulse Investments traded 25 cents higher at $1.65, with 25,236 units, Radio Jamaica ended trading with a loss of 4 cents at $1.11, with 17,206 stock units, Sagicor Group finished at $34.53, with 222,778 shares trading. Sagicor Real Estate Fund finished with a loss of 72 cents at $13.08, with 76,479,720 units, Scotia Group settled $2.90 higher at $49, with 57,385 units, Seprod closed at $30, with 31,820 shares, Supreme Ventures settled 19 cents higher at $11, with 17,901 shares ahead of news breaking that one shareholder in the company, holding 49.9 percent of the share, is raising funds to acquire the shares not already owned by them in the major shareholding company that would bring their holdings to just under 50 percent of SVL and in the US dollar market Proven Investment traded 48,005 units at 22 US cents.