
Jamaica Stock Exchange faulty indices movement.
Trading levels remained low on the main market of the Jamaica Stock Exchange on Thursday, with just $40 million worth of stocks changing hands. At the close of trading, 24 securities changed hands in the main market with 3 trading in the US dollar market, leading to 7 stocks advancing and 6 declining.
The All Jamaica Composite Index declined 1,669.64 points to close at 254,226.85, the JSE Market Index declined 1,521.23 points to 231,629.47 and the JSE US dollar market index jumped 11.41 points to close at 188.43.
The main market ended with 1,667,980 units valued at $ 40,302,237 changing hands compared to 5,694,099 units valued at $160,330,278 at the close on Tuesday. Trading in the US dollar market accounted for 2,760,256 units valued at US$1,001,978, bringing the total of all trades to J$168,555,462 .
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 5 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 69,499 units valued at $1,679,260 for each security traded compared to an average of 227,764 units valued at $6,413,211. The average volume and value for the month to date ended at 125,823 units at an average value of $2,791,942 compared with an average of 130,517 units with an average value of $2,884,666 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 50 cents to close at $14.50 while exchanging 7,080 shares, Cable and Wireless closed at 94 cents, with 63,481 stock units swapping owners, Caribbean Cement gained 20 cents to close at $24.70 with an exchange of 5,915 shares, Carreras closed at $89, with 5,704 units changing hands, Grace Kennedy declined 50 cents to close at $41 trading 51,098 shares. Jamaica Broilers closed at $18 exchanging 432,020 shares,
Jamaica Producers traded at $14.98 with 6,438 shares changing hands. Jamaica Stock Exchange closed at $6.10, with of 86,353 shares trading, JMMB Group lost 1 cent, closing at $19 while exchanging 56,479 shares, Kingston Properties traded 13,150 units after losing 80 cents to close at $8, Kingston Wharves closed at $30.40, with gains of 10 cents trading 200 units. Mayberry Investments exchanged 72,745 shares at $4.52, NCB Financial Group held firm at $72.50, with 51,061 shares traded, 1834 Investments added 2 cents to close at $1.35, with trades of 77,058 units, PanJam Investment closed at $33.20 with 5,285 shares changing owners, Portland JSX lost 50 cents to close at $10 trading only 450 shares, Pulse Investments closed at $2, losing 35 cents with 5,000 shares changing owners, Radio Jamaica closed at $1.38, with trades of 60,959 shares. Sagicor Group exchanged 24,933 shares at $31.50, Sagicor Real Estate Fund closed at $12, with a loss of 24 cents and 22,021 units trading. Scotia Group exchanged 525,595 shares at $41.50, Scotia Investments gained 40 cents to close at $36.40 trading 353 units, Supreme Venture held firm at $7.90, with trades of 65,108 shares. Margaritaville Turks US ordinary shares closed at 36 US cents, with gains of 0.04 US cents in trading 2,700,000 units, Proven Investments US ordinary shares closed at 24 US cents, gaining 0.01 US cents exchanging 41,430 units and JMMB Group US 6% preference share traded 18,826 units at US$1.12.
Trading on the Trinidad & Tobago Stock Exchange on Wednesday, resulted in just 8 securities changing hands compared to 13 on Tuesday and closed with 2 stocks advancing, 2 declining and 4 holding firm.
Losses| Clico Investment closed at a 52 weeks’ low of $22.40, losing 9 cents in an exchange of 28,631 shares valued at $641,334 and West Indian Tobacco lost 4 cents to close at a 52 weeks’ low of $125.84 trading just 26 units.
The main market ended trading with an average of 227,764 units valued at $6,413,211 for each security traded compared to an average of 45,192 units valued at $620,041. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 121,676 units with an average value of $2,563,889 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Kingston Wharves closed at $30.30, with gains of 30 cents trading only 450 units. Mayberry Investments lost 13 cents to close at $4.52 with 1,000 units being switched, NCB Financial Group added 50 cents to close at $72.50, after exchanging 24,371 shares, 1834 Investments lost 4 cents to close at $1.33, with trades of 2,701 units
Losses| Clico Investment closed at a 52 weeks’ low of $22.49, losing 1 cent but traded at a low of $2.44 before closing trading with 2,700 shares and Sagicor Financial lost 2 cents to close at $8.02, with 8,172 shares changing hands.
ended at 121,676 units with an average value of $2,563,889 compared with an average of 129,324 units with an average value of $2,758,273 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Kingston Properties traded 2,000 units, with gains of 5 cents to close at $8.85, Kingston Wharves closed at $30, with a loss of 40 cents with the exchange 1,998 units. Mayberry Investments lost 5 cents to close at $4.65 with 100 units switching owners, NCB Financial Group gained 50 cents to close at $72, after exchanging 818 shares, PanJam Investment traded $3.91 higher, closing at $33.91 with 4,271 shares, Proven Investments declined 38 cents to close at $24.63 with 112,186 shares exchanged, Pulse Investments traded 17,144 shares at $2.59, having gained 10 cents, Radio Jamaica closed at $1.50, gaining 7 cents with 1,150 shares changing hands. Sagicor Group traded 14,566 shares at $32, Sagicor Real Estate Fund closed at $13.50, with gains of 10 cents trading only 100 units. Scotia Group declined 59 cents to close at $41.50, with 28,297 shares trading, Seprod dived $3.48 in closing at $26.52 with a mere 570 shares switching owners. Proven Investments US ordinary shares closed at 23.9 US cents, gaining 0.02 US cents in trading 125,186 units and Proven 8.25% preference share closed 10 cents lower to $5 exchanging 10,300 units.
Gains| Grace Kennedy gained 2 cents exchanging 3,000 shares to close at $2.75 and Guardian Holdings closed at $16.14, with gains of 2 cents, trading 20,000 shares valued at $322,800.
Trading on the main market stocks of the Jamaica Stock Exchange picked up over Thursday’s levels but declining stocks numbered more than advancing ones leading to declines in the market indices by more than 1,300 points.
The main market ended trading with an average of 165,091 units valued at $3,143,410 for each security traded compared to an average of 56,271 units valued at $1,290,623. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 125,350 units with an average value of $2,715,480 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
Broilers traded 70 cents higher, closing at $18.20, with an exchange of 2,080,661 shares, Jamaica Producers gained 75 cents to close at $14.75 with 10,986 shares changing hands. Jamaica Stock Exchange closed at $6.50, with a loss of 30 cents, trading 920 shares, JMMB Group lost 21 cents to close at $19.31 exchanging 6,645 units, Kingston Properties traded 400 units, losing 5 cents, to close at $8.80, Kingston Wharves closed at $30.40, with an exchange of 13,470 shares. NCB Financial Group dropped 50 cents to close at $71.50, after exchanging 40,147 shares, 1834 Investments traded 219,700 shares, gaining 1 cent to close at $1.37, PanJam Investment plunged $4.25 in closing at $30 while exchanging 201,188 shares, Portland JSX closed at $10.50 with 9,293 shares changing hands, Proven Investments advanced 38 cents to close at $25.01 with 115,000 shares exchanged, Pulse Investments traded 1,669 shares at $2.49, Radio Jamaica gained 5 cents to close at $1.43, with 83,042 shares switching owners. Sagicor Group added $1, closing at $32 with an exchange of 31,500 shares, Sagicor Real Estate Fund closed at $13.40, with gains of $1, trading 6,961 units. Scotia Group declined 31 cents to close at $42.09, with an exchange of 49,507 shares, Scotia Investments lost 1 cent to close at $36 trading 1,500 units, Seprod gained $1 and closed at $30 with 982,293 shares changing hands while Supreme Ventures closed at $7.95, after rising 60 cents and exchanging 75,600 shares. Proven Investments US ordinary shares closed at 22 US cents trading 118,527 units, JMMB Group US 6% preference share exchanged 18,000 units at US$1.12 and JMMB Group7.5% preference share gained 1 cent to close at $1.11, with trades of 953 units.
West Indian Tobacco closed at a 52 weeks’ low of $125.88 trading 779 units.
Guardian Holdings added 3 cents, rising to $16.12 with 10,460 shares changing hands, NCB Financial Group closed at a 52 weeks’ high of $4.07, with a 1 cent gain and 65,988 shares traded and Sagicor Financial gained 1 cent, ending at $8.01 with an exchange of 1,334 shares.
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 3 stocks with bids higher than their last selling prices and 1 with a lower offer.
JMMB Group lost 42 cents to close at $19.58 with 57,560 units changing owners, Kingston Properties traded 85 cents higher, closing at $8.85 with an exchange of 2,500 shares, Kingston Wharves closed at $30, gaining 90 cents with 3,450 shares changing hands, Mayberry Investments gained 10 cents to close at $4.70 with 283,184 shares traded. NCB Financial Group closed at $71, with a loss of 40 cents after exchanging 16,458 shares, 138 Student Living traded 1,532 shares at $1.55, PanJam Investment exchanged 6,600 units at $34.50, Portland JSX traded $1 higher, closing at $11 with 94,343 shares changing hands, Proven Investments gained 10 cents to end at a 52 weeks’ closing high of $24.61 with 158,000 shares being exchanged, Radio Jamaica closed at $1.25, with gains of 5 cents and 4,880 shares switching owners. Sagicor Group traded $1 higher to close at $34, with trades of 1,128,016 units, Sagicor Real Estate fund closed at $12.40, after losing $1.40 with an exchange of 4,000 units, Scotia Group lost 10 cents to close at $43.90, with trades of 111,876 shares, Seprod was down $1,to close at $29, trading 428,110 shares while Supreme Ventures added 70 cents to close at $8, with an exchange of 268,867 shares. Proven Investments US ordinary shares closed at 22 US cents trading 175,987 units, JMMB Group US 6% preference share traded 43,100 units at US$1.12, JMMB 7.5% preference share closed at $2 exchanging 56,700 units and JMMB Group7.5% preference share gained 3 cents to close at $1.13 and 4,977 units changed hands.