Grace Kennedy — Page 215

New record close for JSE – Tuesday

August 29, 2018 by IC Insider.com

Kingston Wharves jumped to close at $60 on Tuesday.

The All Jamaican Composite Index jumped 6,070.62 points to a record high of 356,437.50 in early trading, on the Jamaica Stock Exchange, on Tuesday, with Kingston Wharves jumping to a record high of $61 up from $53, NCB Financial that rise by $1 and Seprod climbing from $45 to $53.
With just 17 minutes of trading elapsing, the JSE Index was also reaching record high, jumping 5,531.02 points, to a record 324,754.83.
The market did not hold to the lofty highs reached in the early session and closed trading with the All Jamaican Composite Index climbing by a much lower 1,354.11 points to end at a closing record high of 351,720.99. and the JSE Index advancing by 1,233.75 points to finish at a closing record high of 320,457.56.
Strong gains by Caribbean Cement, JMMB Group, NCB Financial and Seprod overwhelmed declines in Grace Kennedy, Sagicor Real Estate Fund and Supreme Ventures to help propel the Indices to new highs.
Market activities resulted in 35 securities trading including 4 in the US dollar market compared to just 25 securities trading on Monday.
At the end of trading, the prices of 12 stocks rose, 13 declined and 10 closed trading unchanged. Stanley Motta closed with 2,211 units changing hands after falling 35 cents to close at an all-time low of $4.60 while Kingston Wharves jumped to a new record high of $60.
Trading in the main market ended with 5,240,001 units valued $81,075,944 compared to 1,995,601 units valued $33,005,256 on Monday.
The day’s volume was led by, JMMB Group 7.25% preference share with 1,500,000 shares accounting for 28.6 percent of the volume traded, followed by Radio Jamaica with 512,418 units and 9.8 percent of the day’s volume and Mayberry Jamaican Equities with 441,937 units and 8.4 percent of the main market volume.
Trading resulted in an average of 169,032 units for an average of $2,615,353, in contrast to 83,150 units valued at $1,375,219, on Monday. For the month to date an average of 220,691 units valued at $3,981,020 versus 224,098 shares valued at an average of $4,076,157 on Monday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
Stocks with major price changes| Berger Paints ended at $18 after falling 75 cents trading 1,879 stock units, Carreras fell 29 cents in trading 231,542 units at $9.20, Grace Kennedy rose 49 cents and ended trading of 52,614 shares at $58.50, Jamaica Broilers traded at $25.00, with 51,837 stock units, Jamaica Producers jumped $1.50 and finished trading 41,039 units at $18, Jamaica Stock Exchange dipped 75 cents and closed at $7.50 exchanging 57,973 shares, Kingston Wharves jumped $7 to a record close of $60 with 59,336 stock units changing hands, Mayberry Jamaican Equities fell 60 cents and settled at $9.40 trading 82,449 units, 138 Student Living finished with a gain of 28 cents at $4.29, with 2,900 stock units, Portland JSX dived $1.48 and ended at $8, with 350 units, Scotia Group lost 44 cents in trading 30,342 shares to close at $52.06, Supreme Ventures fell 40 cents and ended at $14.60, with 140,992 shares changing hands.
Trading in the US dollar market closed with 158,549 units valued at US$109,501. Trading ended with JMMB Group 6 % preference share completed trading at $1.06 trading 95,820 stock units, Margaritaville traded just 1,000 shares but lost 0.095 cents to close at 19 US cents, Proven Investments trading 4,450 shares and fell 1 cent to close at 22 US cents and Sygnus Credit trading 57,279 shares to close at 10 US cents, The JSE USD Equities Index gained 3.05 points to close at 169.08.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

2 TTSE stocks fall 11 trade firm -Tuesday

August 28, 2018 by IC Insider.com

The Trinidad & Tobago Stock Exchange ended trading on Tuesday with 13 securities changing hands against 9 on Monday, none advanced, 2 declined and 11 remained unchanged.
Market activity resulted a slippage of volume traded to a mere 46,796 shares at a value of just $656,926, compared to 279,181 shares at a value of $3,306,273, previously traded.
At close of the market the, Composite Index the Composite Index lost 1.62 points to 1,243.65, the All T&T Index declined 0.89 points to 1,713.92, while the Cross Listed Index shed 0.33 points to close at 104.04.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 2 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Stocks closing with losses| One Caribbean Media shares fell 11 cents and concluded trading at $12.18, after exchanging 2,039 shares and West Indian Tobacco closed with a loss of 54 cents and completed trading at $88 with 946 units
Stocks trading with no price change| Angostura Holdings ended at $15.75, with 2,386 stock units changing hands, Clico Investments ended at $20, with 2,037 stock units changing hands, First Citizens settled at $34.91, after exchanging 899 shares, Guardian Holdings completed trading at $17, with 146 units, JMMB Group traded down to $1.70 but concluded trading at $1.78, after exchanging 28,516 shares, Massy Holdings concluded at $47, after exchanging 2,085 shares, Republic Financial Holdings concluded at $103.50, after exchanging 1,580 shares, Sagicor Financial ended at $7.75, with 546 stock units changing hands, Scotiabank completed trading at $65, with 325 units, Trinidad & Tobago NGL settled at $30, after exchanging 3,031 shares and Trinidad Cement concluded at $2.90, after exchanging 2,000 shares
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, One Caribbean Media, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, Trinidad Cement, TTSE, West Indian Tobacco

NCB on high watch alert

August 28, 2018 by IC Insider.com

The stock worth watching this week is NCB Financial Group that jumped last week to $110, a price last seen last year November. With limited supply for sale and the year-end approaching, this stock seems set for $150 by early 2019, if not before.
NCB Financial Group recorded net profit of $20.9 billion for the nine months ended June, with profit attributable to stockholders of $20.7 billion, for an increase of 40 percent over the prior year. The figure includes one off gains of $4.4 billion from acquisition of a subsidiary. Importantly, third quarter profits rose a strong 30 percent to $6.8 billion over the 2017 quarter.
Grace Kennedy is another of the main market stocks to keep an eye on as it slowly tries to move higher. The price of Caribbean Cement has been seesawing between $45 and $52, but in a bull market one never knows when the break will come. Kingston Wharves close with the bid at $61 to but 58,300 shares and last traded at $53. In the Junior market, Indies Pharma continues to scale new highs with strong demand existing for the stock. General Accident could move higher as more demand comes in for it, with limited selling.
Caribbean Producers has been trading well with an upward bias and could continue in this vein until full year’s results are released. Caribbean Flavours seems to be following it parent, Derrimon Trading and continues to rise on limited selling volume. Medical Disposable sold down during the past week and could recover in the coming days.
Regardless of what happens to individual stocks, there is little doubt that the summer rally is on for Jamaica stocks and is being helped by some good results for a number of the companies. The rally is expected to continue until year end barring any major negative development.

Kingston Wharves stock price sets to hit $61

Stocks with scarce supplies that could spring surprises include, Barita Investments, Grace Kennedy, NCB Financial, Berger Paints, Caribbean Cement, Kingston Wharves, PanJam Investment, Sagicor Group, Salada Foods, Seprod and Scotia Group. The main market is not the only segment with limited supplies. The Junior Market supplies continue to be limited for many of the listings. The list includes, Blue Power, Caribbean Flavours, Cargo Handlers, Caribbean Producers, Derrimon Trading, Express Catering, General Accident, Caribbean Cream, Medical Disposables, Stationery and Office Supplies and tTech.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below. The Junior Market now at a 15 months’ high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Berger Paints, Caribbean Flavours, Caribbean Producers, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaican Stock Exchange, Jamaican stocks, junior market, Medical Disposable, Medical Disposables, Proven Investments, Stationery and Office, Stocks to Watch, TOP 10 stocks, Trading Activity

JSE main market slips in moderate trading

August 27, 2018 by IC Insider.com

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Temperature on the Jamaica Stock Exchange was far more subdued in trading on Monday with both volume and value pulling sharply from Friday’s levels and leaving the two major indices down at the close.
Trading activity closed, with the All Jamaican Composite Index declining 704.13 points to 350,366.88 and the JSE Index falling 641.55 points to end at 319,223.81.
Strong gains by Caribbean Cement, JMMB Group, NCB Financial and Seprod overwhelmed declines in Grace Kennedy, Sagicor Real Estate Fund and Supreme Ventures to help propel the Indices to new highs.
Market activities resulted in 25 securities trading including 1 in the US dollar market compared to 31 securities trading on Friday.
At the end of trading, the prices of 9 stocks rose, 12 declined and 4 closed trading unchanged. Stanley Motta closed with 2,211 units changing hands after falling 5 cents to close at an all-time low of $4.95.
Trading in the main market ended with 1,995,601 units valued $33,005,256 versus 3,900,466 units valued $77,632,786 on Friday.
The day’s volume was led by, JMMB Group 7.5% preference share with 456,103 shares accounting for 22.86 percent of the volume traded, followed by Wisynco Group with 349,103 units and 17.5 percent of the day’s volume and Carreras with 248,928 units and 12.5 percent of the main market volume.
Trading resulted in an average of 83,150 units valued at over $1,375,219, in contrast to 139,302 shares valued at $2,772,600 on Friday. For the month to date an average of 224,098 shares valued at an average of $4,076,157 versus 231,683 shares valued at an average of $4,230,129 on Friday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
Stocks with major price changes| Caribbean Cement fell 50 cents and finished at $47 trading 14,929 shares, Grace Kennedy ended trading 193,538 shares at $58.01, after falling 49 cents, Jamaica Producers rose 70 cents and finished trading 43,354 units at $18, Mayberry Investments fell 95 cents to settle at $7.05, in exchanging 6,993 shares. NCB Financial Group fell $1 and ended trading 12,713 shares at $109, Sagicor Group gained 40 cents and settled at $38.05, trading 6,713 stock units. Sagicor Real Estate Fund climbed $1 and closed at $12 exchanging 23,171 shares, Salada Foods gained 50 cents and ended trading 19,300 stock units at $18, Scotia Group traded 101,372 units at and closed $52.50, after adding 50 cents and Supreme Ventures lost 50 cents and ended at $15, in the trading of 17,810 shares.
Trading in the US dollar market closed with Proven Investments trading 17,810 shares valued US$3,943 and rose 1 cent to close at 23 US cents. The JSE USD Equities Index gained 3.05 points to close at 169.08.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, NCB Financial, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Supreme Ventures, Trading Activity, Wisynco Group

1 TTSE stock rise 2 fall -Monday

August 27, 2018 by IC Insider.com

The Trinidad & Tobago Stock Exchange ended trading on Monday with 9 securities changing hands against 14 on Friday, 1 advanced, 2 declined and 6 remained unchanged.
Market activity resulted a slippage of volume traded to 279,181 shares at a value of $3,306,273, compared to 169,268 shares valued $11,763,279.
At close of the market the, Composite Index the Composite Index lost 0.15 points to end at 1,245.27, the All T&T Index gained 1.71 points to close at 1,714.81, while the Cross Listed Index shed 0.28 points to close at 104.37.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 3 with lower offers.
Stocks closing with gains| Guardian Holdings gained 40 cents and completed trading of 65,993 shares at $17.
Stocks closing with losses| Grace Kennedy closed with a loss of 10 cents at $2.80, with 150,000 stock units changing hands and Trinidad & Tobago NGL shed 1 cent and settled at $30, after exchanging 38,368 shares.
Stocks trading with no price change| Clico Investmentsended market activity at $20, with 5,000 stock units changing hands, First Citizens settled at $34.91, after exchanging 13,062 shares, JMMB Group concluded trading at $1.78, after exchanging 4,125 shares, Point Lisas closed at $3.70, with 107 stock units changing hands, Sagicor Financial traded 2,026 shares and ended at $7.75 and Scotiabank completed trading 500 shares at $65.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Point Lisas, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE

Grace performance slips in Q2

August 26, 2018 by IC Insider.com

Grace Kennedy HQ

Grace Kennedy reported revenues of $48.4 billion, an increase of 4.3 percent or $2 billion over the corresponding period of 2017 for the half year to June, “driven largely by growth in its Food Trading and Insurance segments.” Don Wehby stated in a release following the release of the interim results.
Net profit for the period was $2.5 billion, an increase of $266 million or 12.2 percent compared with 2017. After minority interest net profit rose by 14 percent to $2.15 billion but by just 9 percent in the second quarter to $959 million from $881 million in 2017.
Second quarter sales revenue grew just 3.85 percent to $22.44 billion, a slower pace than the first quarter’s 6 percent. Other income rose a strong 60 percent to $718 million in the quarter over the prior year, and 61 percent for the half year, to $1.45 billion. Interest income was slightly down to $1.13 billion and $2.25 billion in the quarter and half year period respectively, over the similar periods in 2017.
Total comprehensive income a better measure of managements stewardship, more than doubled in the second quarter to $1.338 billion from $625 million in 2017 but slipped slightly to $2.39 billion for the half year.
The Group reported that its Food Trading segment experienced growth in revenue and pre-tax profits over the corresponding period of 2017. This was due to improved performance in the domestic foods business as the local economy picks up and now showing stronger growth. While showing an increase in revenue over prior year, the Company’s international foods business experienced a decline in pre-tax profits compared to the corresponding period of 2017, primarily due to the performance of Grace Foods UK.

Grace Kennedy products

Financial Group experienced mixed fortunes during the period, as the Money Services and Banking and Investments segments both experienced decline in revenue and pre-tax profits, while the Insurance segment grew revenue and pre-tax profits over the corresponding period of 2017. The performance of the Money Services segment was due to a reduction in transaction volumes in the remittance business in Jamaica stemming from the implementation of enhanced compliance measures.
Grace’s financial position remains strong with Shareholders equities of $46.35 billion and the company’s stock traded at $58.50 on Friday with a PE of 11 based on IC Insider.com’s earnings estimate for 2018 of $5.40. The PE is lower than the market’s average of 13.5 and with IC Insider.com forecasting average PE to reach 17 by late this year or early next year, the stock has room for growth.
Grace approved the payment of an interim dividend of 45 cents per stock unit, payable on September 26, an increase of 18 percent from the 38 cents per stock unit paid to stockholders in September last year. Group CFO Frank James said, “This brings the dividends declared to date to approximately $844 million, an increase of 25 percent or $169 million over the corresponding period in 2017.”

Filed Under: Company News, Company Results Tagged With: Don Wehby, Emerging markets, Frank James, Grace Kennedy, Jamaica Stock Exchange, Jamaican Stock

All Jamaica’s record close of 351,071 – Friday

August 24, 2018 by IC Insider.com

The records kept on Jamaica Stock Exchange just kept on being broken on Friday as the All Jamaican Composite Index climbed to intraday high 352,806.34 as the market chalked no less than 9 record highs during trading.
At the close, the All Jamaican Composite Index climbed 2,162.81 points to end above the 350,000 market for the first time and finally finished at a record close of 351,071.01 and the JSE Index rose 1,948.70 points to end at record close of 319,865.36. Strong gains by Caribbean Cement, JMMB Group, NCB Financial and Seprod overwhelmed declines in Grace Kennedy, Sagicor Real Estate Fund and Supreme Ventures to help propel the Indices to new highs.
Market activities resulted in 31 securities trading including 3 in the US dollar market compared to 30 securities trading on Thursday.
At the end of trading, the prices of 12 stocks rose, 13 declined and 6 traded unchanged. Trading in the main market ended with 3,900,466 units valued $77,632,786 versus 2,800,039 units valued $52,538,433 on Thursday.
Trading resulted in an average of 139,302 units valued at an average of $2,772,600 for each security traded, in contrast to 107,694 units valued at an average of $2,020,709 on Thursday. For the month to date an average of 231,683 shares valued at an average of $4,230,129 versus 237,871 shares valued at an average of $4,333,974 on Thursday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
The day’s volume was led by, Sagicor Real Estate Fund with 726,521 shares accounting for 18.6 percent of the volume traded, followed by Mayberry Jamaican Equities with 610,068 units and 15.6 percent of the day’s volume and PanJam Investment with 497,356 units and 12.8 percent of the main market volume.
Stocks with major price changes| Berger Paints gained 42 cents and settled at $19.02, in exchanging 73,786 shares, Caribbean Cement climbed $2.40 to finish at $47.50, trading 47,600 shares, Grace Kennedy ended trading 83,590 shares falling 50 cents to close at $58.50, Jamaica Broilers gained 38 cents to close at $23.50, trading 19,403 stock units, Jamaica Producers finished trading 442,125 units in losing 69 cents to end at $17.30, JMMB Group ended at $29, in exchanging 169,455 shares after rising 69 cents, NCB Financial Group jumped $4.99 and ended trading of 15,077 shares at $110, Portland JSX fell 52 cents to end at $9.48, trading 5,000 units, Sagicor Group lost 35 cents and settled at $37.65, with 78,045 shares trading. Sagicor Real Estate Fund dropped $1.84 and settled at $11, exchanging 726,521 shares, Salada Foods gained 75 cents and ended trading 4,223 stock units to close at $17.50, Scotia Group fell 30 cents to $52.00, after trading 95,271 units, Seprod jumped $5 and finished trading 23,700 shares at $45, Supreme Ventures lost 49 cents and ended at $15.50, in the trading of 52,446 shares and Stanley Motta closed with 3,000 units changing hands after falling 31 cents to close at an all-time low of $5.
Trading in the US dollar market closed with 606,470 units valued at US$128,831 as Proven Investments accounting for 600,000 shares and closed at 22 US cents, Sygnus Credit Investments traded 4,913 shares rose 0.05 cents to 9 US cents and Sterling Investments traded 1,557 units at 9 US cents. The JSE USD Equities Index lost 2.30 points to close at 166.03.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Just 1 stock rose 4 fell on TTSE – Friday

August 24, 2018 by IC Insider.com

The Trinidad & Tobago Stock Exchange ended trading on Friday in 14 securities against 8 on Thursday, with 1 advancing, 4 declining and 9 trading unchanged at the close as republic closed at a 52 weeks’ high.
Market activity resulted a slippage of volume traded to 169,268 shares at a value of $11,763,279, compared to 55,296 shares at a value of $1,271,791.
At close of the market the, Composite Index the Composite Index lost 0.23 points on Friday to 1,245.42, the All T&T Index gained 0.01 points to 1,713.10, while the Cross Listed Index gained 0.06 points to close at 104.65.
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 3 stock ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| Massy Holdings gained 5 cents and concluded trading at $47.00, after exchanging 29,007 shares.
Stocks closing with losses| JMMB Group fell 2 cents and concluded trading at $1.78, after exchanging 2,049 shares, Scotiabank closed with a loss of 2 cents and completed trading 195 units at $65, Trinidad & Tobago NGL shed 4 cents and settled at $30.01, after exchanging 1,662 shares and West Indian Tobacco lost 1 cent and completed trading at $88.54, with 113,000 units changing hands.
Stocks trading with no price change| Clico Investments ended market activity at $20, with 4,020 stock units changing hands, First Caribbean International Bank completed trading 210 units at $8.49, First Citizens settled at $34.91, after exchanging 763 shares, Grace Kennedy ended at $2.90, with 2,330 stock units changing hands, Guardian Holdings completed trading of 8,803 units at $16.60, LJ Williams B share settled at 75 cents, after exchanging 3,680 shares, NCB Financial Group settled at $6.14, after exchanging 1,000 shares, Republic Financial Holdings concluded trading at $103.50, after exchanging 400 shares and Sagicor Financial ended at $7.75, with 2,149 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: Clico Investments, Daily Trading, Emerging markets, Emerging Stock, First Caribbean International Bank, First Citizens, Grace Kennedy, Guardian Holdings, JMMB Group, Massy Holdings, NCB Financial Group, Republic Financial Holdings, Sagicor Financial, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, West Indian Tobacco

All Jamaica index jumps to record 352,258 points

August 24, 2018 by IC Insider.com

The All Jamaican Composite Index of the Jamaica Stock Exchange having cleared the 351,000 points mark after just 5 minutes of opening, with NCB Financial trading at $110 has now broken the 352,000 after 42 minutes of trading.
The All Jamaican Composite Index jumped 3,325.45 to a record 352,257.65 and the JSE Index climbed 3,029.87 points to 320,946.53 points while the Junior Market rose 50.08 to cut sharp fall on Thursday of more than 57 points and now sits at 3,227.22 points.
Apart from a sharp rise in the price of NCB shares, Grace Kennedy rose to $60, and JMMB Group climbed to $29. Kingston Wharves has a bid of $60 compared to a last price of $53 and could add quite a bit to the indices when it trades.

Filed Under: Breaking News, JSE Combined, Stock Market Tagged With: Daily Trading, Emerging markets, Grace Kennedy, Jamaica Stock Exchange, JMMB Group, junior market, Kingston Wharves, NCB Financial Group, Trading Activity

JSE main market just below record – Thursday

August 23, 2018 by IC Insider.com

The Jamaica Stock Exchange All Jamaican Composite Index climbed 1,925.09 points to close at 348,932.20 and the JSE Index rose 1,753.98 points to close at 317,916.66 to sit a few hundred points below the record close on August 16.
Market activities resulted in 28 securities trading including 2 in the US dollar market compared to 30 securities trading on Wednesday.
At the end of trading, the prices of 11 stocks rose, 11 declined and 6 traded unchanged. Trading in the main market ended with 2,800,039 units valued $52,538,433 versus 4,269,995 units valued at $54,515,031 on Tuesday.
Trading resulted in an average of 164,231 units valued at an average of $2,096,732 for each security traded, in contrast to 679,456 units valued at an average of $6,783,172 on Tuesday. For the month to date an average of 246,505 shares valued at an average of $4,497,856 versus 246,505 shares valued at an average of $4,497,856 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
The day’s volume was led by, Carreras with 654,882 shares accounting for 23.4 percent of the traded volume, followed by Mayberry Jamaican Equities with 369,237 units and 13 percent of the day’s volume and Victoria Mutual Investments strong> WISYNCO Group with 325,849 units and 11.6 percent of the main market volume.
Stocks with major price changes| Berger Paints gained 42 cents and settled at $19.02, in exchanging 73,786 shares, Caribbean Cement fell 70 cents and finished at $45.10, trading 36,012 shares, Grace Kennedy rose 35 cents in trading 118,814 units at $59, Jamaica Producers finished trading 39,100units at $18 after gaining 80 cents,
Jamaica Stock Exchange rose $1 trading 31,500 units in closing at $8, JMMB Group fell 50 cents and ended at $28.50, exchanging 20,679 shares, Mayberry Investments climbed 75 cents to settle at $8.24, trading 947,406 units, Mayberry Jamaica Equities lost 25 cents to settle at $9.70, trading 115,853 units,
Scotia group added 30 cents to close at $52.30, trading 20,486 shares, Seprod dropped $5 to $40, trading 840 shares and Supreme Ventures rose $1.04 to close at $15.99 in trading 5,800 shares and WISYNCO Group closed with 325,849 units changing hands after falling 40 cents to $9.
Trading in the US dollar market closed with just 8,460 units trading valued $1,852, as Margaritaville traded 460 shares rose 2 cents and ended at 20 US cents and Proven Investments traded 8,000 shares, and rose 2.05 cents and closed at 22 US cents. The JSE USD Equities Index jumped over 6 percent by 9.70 points to close at 168.33.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 7 closing with lower offers.