Several stocks to watch this week

September 24, 2018 by

NCB Financial stock closed at $110 after hitting $125 on Friday.

The main stocks of interest this week are Stationery and Office Supplies, CAC 2000, NCB Financial, Caribbean Cream, Main Event and Wisynco, most of these have limited supplies.
Barita Investments that was highlighted as a stock with main stock to watch this past week, moved $12.95, to end at $18.50 after it traded as high as $19.50. The movement in the price resulted in Cornerstone more than doubling their investment in the company within a short time frame. While it is not listed as a lead stock to watch this week, the stock has much more room to grow over the coming months as demand increases and supplies decline as the potential for much increased profit unfolds.
Bulls pushed the Jamaican stock market, to new heights last week, with the main market having 12 straight days of record highs and the Junior Market moving to new highs as well.
The main moved within 1,600 points of the All Jamaica Composite Index 400,000 points last week but pulled back from what is a major resistance point. The supply of several of the main market stocks are extremely scarce and that is working in market favour to move much higher, before too long. There are several stocks priced well below the market’s average and that could encourage buying interest in them as well.
Investors should keep their eyes on a number of stocks as some may move and others may trade in a narrow band. NCB Financial closed on $110, could move higher but there is a big gap between the offer prices and the bids and this seems likely to maintain volatility in the price for a while.
Grace Kennedy may not be ready to break out of the $60 range as yet but it’s a stock to keep an eye on. Caribbean Cement keeps trading between $46 to $50, but there appears no real desire to move the price forward. Kingston Wharves has just 9,700 units on offer up to $75, with 200,000 on the bid at $68.51, so it could move back to the $75 price this week. Supply of JMMB Group have dried up and that could create the environment for the price to move higher.
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, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market that traded recently at an all-time 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: , , , , , , , , , ,

NCB continues to bounce around on JSE

September 21, 2018 by

NCB Financial stock closed at $110 after hitting $125 on Friday.

NCB Financial share price bounced around on Friday similar as it was on Thursday. Seconds after opening, the price was driven to $125, pushing the market sharply up, but it continued to bounce around during the day and finally ended at $110.
The market closed, with the All Jamaica Composite Index gaining a mere 5.04 points to 386,583.74 and the JSE Index rose just 4.59 points to 352,221.51. Market activities resulted in 31 securities trading, including 1 in the US dollar market compared to 29 securities trading on Thursday.
At the end of trading, the prices of 13 stocks rose, 11 declined and 7 closed, unchanged. JMMB Group traded at 52 weeks’ high of $34.50 and PanJam Investment hit a high of $59 but they both closed lower at the close.
The main market ended with 10,467,731 units valued at $82,276,433 compared to 2,861,546 units valued at $139,051,316 changing hands on Thursday.
The day’s volume was led by, JMMB Group 7.5% preference share with 5,971,000 units, 57 percent of total volume traded, followed by Carreras with 1,556,951 units and 14.87 percent of main market volume and Wisynco Group with 983,953 units 9.4 percent of the day’s volume.
Trading resulted in an average of 348,924 units valued at over $2,742,548, in contrast to 105,983 shares valued at $5,150,049 on Thursday. The average volume and value for the month to date amounts to 376,915 shares valued $4,149,025, compared to 378,872 shares valued $4,253,986 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Berger Paints rose 50 cents to close at $22 trading 7,934 shares, Caribbean Cement lost $1.95 and finished trading 1,513 shares at $48, Jamaica Broilers jumped $1.24 in traded 83,050 stock units, to close at $32.49, Jamaica Producers lost $2.45 and finished trading 204,445 units at $24.55, Kingston Wharves jumped $4 and finished at $72.50, with 3,112 stock units changing hands, Mayberry Investments shed 30 cents and settled at $8, exchanging 213,025 units, Sagicor Group fell $1.25 to settle at $38, in the exchange of 108,965 shares, Sagicor Real Estate Fund lost $1 to settle at $11.00, with 176,754 shares. Seprod finished trading at $46.80, after falling 20 cents trading 9,397 shares, Stanley Motta lost 30 cents to end trading of 14,100 stock units at $4.80, Supreme Ventures gained 34 cents and ended at $16.45, trading 160,439 shares, Sygnus Credit Investments traded just 1,934 shares and rose 71 cents to close at $13 and Wisynco Group lost 15 cents to finish at $8.85, with 983,953 units changing hands.
Trading in the US dollar market closed with 14,159 units valued at $3,109 as Proven Investments was the sole stock trading at 22 US cents. The JSE USD Equities Index lost 0.16 points to close at 166.94.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 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: , , , , , , , , , , , , , , , , , , , , , ,

12 stocks traded firm on TTSE – Friday

September 21, 2018 by

All market indices of the Trinidad & Tobago Stock Exchange, ended with modest gains on Friday as 17 securities changed hands up from 13 on Thursday.
At the close of trading the Composite Index rose 0.13 points to 1,218.82, the Strong> All T&T Index gained 0.19 points to 1,689. 36, while the Cross Listed Index inched 0.01 point higher to close at 100.60.
At close, , with the price of 4 advancing, 1 declining and 7 remaining unchanged, against a total 13 securities trading on Thursday.
The market ended trading with 116,235 shares valued $1,984,887 changing hands, compared to 222,525 shares valued $1,844,656 on Thursday.
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| Agostini’s gained 5 cents and closed at $21.15, after exchanging 100 shares, National Flour closed with a rise of 1 cent and ended at $1.70, with 4,733 stock units changing hands, Trinidad & Tobago NGL finished 22 cents higher and completed trading of 1,083 shares at $29.25 and Trinidad Cement increased by 5 cents and ended at $2.80, with 819 stock units changing hands.
Stocks closing with losses| Guardian Holdings traded with a loss of 10 cents at $16.90, after exchanging 213 shares.
Stocks trading with no price change| Angostura Holdings completed trading 1,581 shares at $15.75, Ansa Mcal ended at $56, with 416 stock units changing hands, Ansa Merchant completed trading at $38, with 1,226 units, Clico Investments settled at $19.90, after exchanging 11,000 shares, First Citizens completed trading at $32.60, with 50 units, JMMB Group ended at $1.65, with 7,439 stock units changing hands, Massy Holdings ended at $47.20, in exchanging 6,764 stock units NCB Financial Group completed trading 19,050 units at $5.73, Republic Financial Holdings ended at $103.69, with 187 stock units changing hands, Sagicor Financial completed trading at $7.70, with 50,000 units, Scotiabank ended at $64.94, in exchanging 10,512 stock units and West Indian Tobacco concluded at $88.45, after exchanging 1,062 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: , , , , , , , , , , , , , , , , , , , , , , , ,

NCB plunges All Jamaica to 11,805 points fall

September 20, 2018 by

NCB dropped $13 on Thursday.

The main market of Jamaica Stock Exchange All Jamaica Composite Index dropped 11,805.54 points from its 398,386.05 peak on Thursday as the price of NCB Financial was cut from $124.99 at the peak for the day to $110 at the close.
The main market with less than a minute of the market’s opening surged sharply by 5,783 points to within less than 1,614 points of the critical 400,000 mark on the All Jamaica Composite Index.
The market closed, with the All Jamaica Composite Index plunging 6,023.92 points to 386,578.70 and the JSE Index dropping 5,488.47 points to 352,216.9. Market activities resulted in just 29 securities trading, including 2 in the US dollar market compared to 29 securities trading on Wednesday. At the end of trading, the prices of 9 stocks rose, 13 declined and 7 closed, unchanged. Three stocks traded at 52 weeks’ high but only one held on to the gains at the close.
The main market ended with 2,861,546 units valued at $139,051,316 compared to 6,162,805 units valued at $201,094,929 changing hands, on Wednesday.
The day’s volume was led by, NCB Financial Group with 967,108 units, 33.8 percent of total volume traded, followed by Carreras with 349,836 units and 12.23 percent of main market volume and Wisynco Group with 320,465 units 11.2 percent of the day’s volume.
Trading resulted in an average of 105,983 units valued at over $5,150,049, in contrast to 228,252 shares valued at $7,447,960 on Wednesday. The average volume and value for the month to date amounts to 378,872 shares valued $4,253,986, compared to 409,365 shares valued $3,936,656 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments rose 10 cents to closed at a 52 weeks’ high at $18.60 trading 23,085 shares, after peaking at $19.50 earlier in the day. Caribbean Cement jumped $2.45 and finished trading 51,830 shares at $49.95, Grace Kennedy gained $1 ending trading at $58, with 52,990 shares. Jamaica Broilers lost 75 cents in traded 42,294 stock units, at $31.25, with Jamaica Producers rose 20 cents and finished trading 43,944 units at $27, Jamaica Stock Exchange closed at $8 after falling 20 cents in the exchange of 24,477 shares, JMMB Group ended 50 cents higher at $32.50, in exchanging 71,988 shares after it reached a 52 weeks’ high of $33.50. Kingston Wharves dropped $3.50 and finished at $68.50, with 9,171 stock units changing hands, Mayberry Equities gained 36 cents and settled at $8.30, exchanging 3,357 units, NCB Financial Group dived $13 and ended trading 967,108 shares at $110. Sagicor Group fell 60 cents to settle at $39.25, in the exchange of 67,713 shares, Seprod finished trading at $46.80, after falling 20 cents trading 9,397 shares, Stanley Motta lost 30 cents to end trading of 14,100 stock units at $4.80, Sygnus Credit Investments traded 20,756 shares and lost 21 cents to close at $12.29 and Wisynco Group finished 20 cents higher at $9 with 320,465 units changing hands.
Trading in the US dollar market closed with 5,066 units valued at $1,447 as JMMB Group 6 % preference share completed trading of 400 units with a loss of 1 cent to end at $1.05 and Proven Investments ended trading with 4,666 shares and declined 0.10 cents at 22 US cents. The JSE USD Equities Index lost 1.70 points to close at 167.10.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 9 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: , , , , , , , , , , , , , , , , , , , , ,

Stock split proposal pushes Witco stock – Thursday

September 20, 2018 by

3 for 1 stock split coming for Witco

West Indian Tobacco is proposing a 3 for 1 stock split to be considered at a Special Meeting of Shareholders will be held on Tuesday October 30. The announcement helped to drive the stock up 45 cents in Thursday’s trading.
Trading on the Trinidad & Tobago Stock Exchange, closed mixed on Thursday, with the Composite Index falling 3 points to 1,218.58, the All T&T Index rising 0.83 points to 1,689.17, while the Cross Listed Index shed 0.95 points to close at 100.56.
At close, 13 securities changed hands, with the price of 2 advancing, 6 declining and 5 remaining unchanged, against a total 14 securities trading on Wednesday.
The market ended trading with 222,525 shares valued $1,844,656 changing hands, compared to 164,072 shares valued $1,753,760 on Wednesday.
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 2 with lower offers.
Stocks closing with gains| Republic Financial Holdings gained 2 cents and settled at a 52 weeks’ high of $103.69, after exchanging 91 shares and West Indian Tobacco increased 45 cents and ended at $88.45, with just 592 units trading after the company indicated the recommendation of a 3 for 1 stock split.
Stocks closing with losses| Clico Investments shed 10 cents and closed at $19.90, with 11,973 stock units changing hands, Grace Kennedy lost 30 cents, ending at $2.70, with 19,000 stock units changing hands, JMMB Group ended trading 3 cents lower and settled at $1.65, after exchanging 29,551 shares. NCB Financial Group concluded trading with a loss of 37 cents, trading 1,200 shares at $5.73, Sagicor Financial, traded with a loss of 4 cents to $7.70, with 90,000 stock units changing hands and Trinidad & Tobago NGL shares fell 2 cents and completed trading at $29.03, after exchanging 3,835 shares.
Stocks trading with no price change| First Caribbean International Bank ended at $8.50, trading 22,000 units, First Citizens completed trading at $32.60, after exchanging 2,560 shares, Massy Holdings settled at $47.20, after exchanging 727 shares, One Caribbean Media settled at $12.11, after exchanging 81 shares and Prestige Holdings ended at $8, with 40,915 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: , , , , , , , , , , , , , , , , , , , , ,

JSE All Jamaica surges 7,458 points to record close

September 19, 2018 by

The main market of Jamaica Stock Exchange surged to the highest level ever on Wednesday with the All Jamaica Composite Index surging 7,458.32 points to a new record close of 392,602.62 and the JSE Index jumping 6,795.37 points to a record close at 357,705.39.
Market activities resulted in just 29 securities trading, including 2 in the US dollar market compared to 33 securities trading on Tuesday. At the end of trading, the prices of 12 stocks rose, 12 declined and 5 closed trading, unchanged. Three stocks closed at 52 weeks’ high at the close.
The main market ended with 6,162,805 units valued $201,094,929 compared to 4,785,990 units valued at $69,191,788 changing hands, on Tuesday.
The day’s volume was led by, Sagicor Group  with 4,574,803 units, 74.23 percent of the volume traded, followed by Jamaica Stock Exchange with 547,640 and 8.9 percent of main market volume and Carreras with 507,942 units and 8.24 percent of the day’s volume.
Trading resulted in an average of 228,252 units valued at an average of $7,447,960, in contrast to 149,562 units valued at over $2,162,243 on Tuesday. The average volume and value for the month to date amounts to 409,365 shares valued $3,936,656, compared to 433,603 shares valued $4,116,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments jumped $2.80 to closed at a record $18.50, trading 8,800 shares, Berger Paints fell 50 cents to $21.50, with 2,525 stock units changing hands, Caribbean Cement lost 75 cents to finish at $47.50, trading 15,870 shares, Grace Kennedy declined by 50 cents and ended trading of 25,183 shares at $57.00, JMMB Group climbed $1 and ended at record $33, with 9,700 shares trading. Kingston Wharves gained $2 and finished at $72 trading 500 stock units, Mayberry Investments gained 36 cents and settled at $8.30, exchanging 3,357 units, NCB Financial Group climbed $3 and ended trading 19,217 shares at $123. Sagicor Real Estate Fund rose $1 to $12 with the trading of 47,657 units, Salada Foods lost $1 to end trading 8,600 stock units at $18, Scotia Group traded 4,883 units after rising $1 to a record closing high of $63 and Sygnus Credit Investments lost $1.03 in trading 58,536 shares to end at $12.50.
Trading in the US dollar market closed with 29,915 units valued at $14,950 as Productivity Business ended trading increased 0.20 cents and completed trading at 55 US cents with 25,300 shares and Proven Investments ended trading with 4,615 shares and declined 0.10 cents to 22 US cents. The JSE USD Equities Index  lost 0.76 points to close at 168.80. The JSE USD Equities Index increased 0.04 points to close at 169.56. IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 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: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

8 TTSE stocks rose on Wednesday

September 19, 2018 by

Trinidad & Tobago Stock Exchange Head Quarters

Trading on the Trinidad & Tobago Stock Exchange, closed mixed on Wednesday, with the Composite Index rising 1.90 points to 1,221.58, the All T&T Index shed 1.36 points to 1,688.34, while the Cross Listed Index gained 0.72 points to close at 101.51.
At close, 14 securities changed hands, with the price of 8 advancing, 2 declining and 4 remaining unchanged, against a total 12 securities trading on Tuesday.
The market ended trading with 164,072 shares valued $1,753,760 changing hands, compared to 24,947 shares valued $1,118,165 on Monday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 1 with a lower offer.
Stocks closing with gains| Clico Investments gained 5 cents and ended at $20, with 100 stock units changing hands, Grace Kennedy rose 29 cents and ended at $3, with 155 stock units trading, National Enterprises traded 2,465 stock units with an increase of 1 cent to $8.96, NCB Financial Group rose 35 cents to settle at $6.10, after exchanging 625 shares, Sagicor Financial closed with a gain of 13 cents at $7.74, with 6,776 stock units changing hands, Trinidad & Tobago NGL gained 4 cents and settled at $29.05, after exchanging 3,931 shares, Unilever Caribbean finished trading with gains of 25 cents to $26.25, with 375 stock units changing hands and West Indian Tobacco closed with an increase of 40 cents and completed trading 929 units at $88.
Stocks closing with losses| National Flour closed with a loss of 1 cent after the trading of 6,754 units at $1.69 and Prestige Holdings plunged $1.40 and completed trading of 109,290 units at a 52 weeks’ low of $8.
Stocks trading with no price change| First Citizens settled at $32.60, after exchanging 354 shares, Guardian Holdings completed trading at $17, with 31,686 units changing hands, Massy Holdings closed at $47.20, after exchanging 500 shares andScotiabank completed trading of 132 units at $64.94.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , ,

12 day record run ends for JSE stocks

September 18, 2018 by

The main market of Jamaica Stock Exchange shot to a new record high on Tuesday putting the All Jamaica Composite Index at 391,561.55 points and the JSE index at 356,765.86 but falling prices of NCB Financial and Kingston Wharves put the halt to the 12 days of unbroken record run.
Shortly after hitting the intraday high, 300,000 of NCB Financial shares were sold between $119.65 down to $110.01 dragging the market into negative territory, but the trading of 55,007 shares after ward lifted the price to $120 at the close.
The market closed, with the All Jamaica Composite Index falling 693.30 points to close at 385,144.30 and the JSE Index losing 631.67 points to close at 350,910.02.

NCB Financial Group fell $6 to $120.

Market activities resulted in just 34 securities trading, including 2 in the US dollar market compared to 33 securities trading on Monday. At the end of trading, the prices of 14 stocks rose, 13 declined and 7 closed trading, unchanged. Three stocks closed at 52 weeks’ high at the close.
The main market ended with 4,785,990 units valued at $69,191,788 compared to 10,670,045 units valued $110,767,731 changing hands, on Monday.
The day’s volume was led by, JMMB Group 7.5% preference share with 1.5 million units, 31.34 percent of the volume traded, followed by JMMB Group 7.25% preference share with 1 million and 20.9 percent of main market volume and Victoria Mutual Investments with 474,825 units and 9.9 percent of the day’s volume.
Trading resulted in an average of 149,562 units valued at over $2,162,243, in contrast to 333,439 shares valued at $3,461,492 on Monday. The average volume and value for the month to date amounts to 409,365 shares valued $3,936,656, compared to 433,603 shares valued $4,116,343 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed 10 cents to end at a record closing high of $15.70, after the price hit a high of $16.50 and trading 12,100 shares, Berger Paints ended at $22 after gaining 55 cents with 10,687 stock units trading, Caribbean Cement lost $1.75 and finished exchanging 20,450 shares at $48.25, Grace Kennedy lost 50 cents to end at $57.50, trading 26,214 shares, Jamaica Broilers rose $1 in trading 16,505 stock units at a record close of $32. JMMB Group ended at 52 weeks’ high of $32 after rising $1 with 41,642 shares, Kingston Wharves fell $2 in trading 9,400 shares at $70, NCB Financial Group dropped $6 and ended trading 359,907 shares at $120, PanJam Investment climbed $2.95 to $56.95 trading 6,571 stock units, Portland JSX fell 80 cents in trading 11,000 shares close at $8.20, Pulse Investments gained 41 cents and concluded trading of 500 shares at $2.80, Sagicor Group rose 85 cents and settled at $39.85, trading 76,764 shares. Sagicor Real Estate Fund shed 77 cents and settled at $11, trading 287,700 shares. Scotia Group jumped $1.49 to end at a record close of $62, after trading 29,759 units and Seprod dropped $3 to end at $47 in trading 13,368 units.
Trading in the US dollar market closed with 3,406 units valued at $2,476 as JMMB Group 6% preference share completed trading 2,041 stock units at $1.05, Proven Investments ended trading with 1,365 shares at 23 US cents. The JSE USD Equities Index increased 0.04 points to close at 169.56.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 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: , , , , , , , , , , , , , , , , , , , , , , , , ,

Modest gains for TTSE stocks – Tuesday

September 18, 2018 by

All three main indices of the Trinidad & Tobago Stock Exchange, closed higher on Tuesday, with the Composite Index rose 0.81 points to 1,219.68, the All T&T Index gained 0.93 points to 1,689.70, while the Cross Listed Index gained 0.09 points to close at 100.70.
At close, 12 securities changed hands, with the price of 3 rising, 2 declining and 7 remaining unchanged, against 12 trading on Monday.
The market ended trading of just 24,947 shares valued $1,118,165, compared to 34,976 shares valued $774,551 changing hands on Monday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 4 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| One Caribbean Media rose 1 cent and settled at $12.11, after exchanging 404 shares, Trinidad & Tobago NGL closed with a gain of 1 cent and completed trading at $29.01, after exchanging 2,525 shares and Trinidad Cement gained 5 cents and settled at $2.75, after exchanging 5,926 shares.
Stocks closing with losses| Clico Investments shares fell 4 cents and ended at $19.95, with 1,500 stock units changing hands and Prestige Holdings closed at a 52 weeks’ low with a loss of 10 cents and ended at $9.40, trading 210 units.
Stocks trading with no price change| Ansa Mcal completed trading at $56.00, with 700 units changing hands, First Citizens completed trading at $32.60, after exchanging 500 shares, JMMB Group settled at $1.68, after exchanging 2,941 shares, Massy Holdings settled at $47.20, after exchanging 1,485 shares, Republic Financial Holdings settled at $103.67, after exchanging 6,099 shares, Scotiabank closed at $64.94, trading 200 units and West Indian Tobacco ended at $87.60, with 2,457 units traded.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , ,

12 straight record close for JSE stocks

September 17, 2018 by

More records got shattered in trading on The Jamaica Stock Exchange on Monday as the All Jamaica Composite Index (AJI) reached a new high during the trading session at 389,650.08 points, with less than 37 minutes before the close.
While the AJI was pushing closer to the 400,000 mark, JSE Index hit a new high of 355,015.30 having gained 3,504.55 points at 12.23 in the afternoon, before investors pushed down the price of National Financial to the $113 level after it traded for most of the day around the $126-130 level.
The main market closed with just modest gains in the indices and pushed the consecutive daily record close to 12. Monday’s close brings to 35, the number of record close for the year and 23 since the start of July.
The market closed with the All Jamaica Composite Index rising 33.96 points higher to a record close at 385,837.60 and the JSE Index gaining 30.94 points to a record close of 351,541.69.
Market activities resulted in just 33 securities trading, including 1 in the US dollar market compared to 25 securities trading on Friday. At the end of trading, the prices of 15 stocks rose, 8 declined and 10 closed trading, unchanged. Two stocks closed at 52 weeks’ high and while Mayberry Equities traded at a record high of $10.57 but failed to hold on at the close.
The main market ended with 10,670,045 units valued $110,767,731 compared to 2,715,718 units valued at $59,199,085 changing hands, on Friday.
The day’s volume was led by, Wisynco Group with 4,737,868 units 44.4 percent of the volume traded followed by 138 Student Living with 3,333,333 units and 31.24 percent of main market volume and Victoria Mutual Investments with 487,461 units and 4.57 percent of the day’s volume.
Trading resulted in an average of 333,439 units valued at over $3,461,492, in contrast to 118,075 shares valued at $2,573,873 on Friday. The average volume and value for the month to date amounts to 443,910 shares valued $4,190,129, compared to 443,910 shares valued $4,190,129 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed $2.65 to close at a record high of $15.60, trading 3,100 shares, as investors show increased interest in the stock with the new majority owners took control after the recent acquisition of the majority shares. Berger Paints ended at $21.45 after gaining 44 cents with 5,025 stock units trading, Grace Kennedy lost 40 to end at $58, trading 26,924 shares, Kingston Properties rose 25 cents in concluded trading 7,450 shares at $6, Mayberry Investments fell 80 cents and settled at $8 in trading 31,000 units, NCB Financial Group fell $3 and ended trading 147,486 shares at $126, PanJam Investment shed $2 and closed at $54 trading 12,200 stock units, Pulse Investments declined 41 cents and concluded trading of 17,050 shares at $2.39, Sagicor Group fell 85 cents and settled at $39, trading 13,496 shares. Sagicor Real Estate Fund climbed 77 cents and settled at $11.77, trading 352,320 shares. Scotia Group jumped $4.38 to end at a record close of $60.51, after trading 244,840 units, Seprod climbed $3.10 to end at $50 in trading 3,855 units, Stanley Motta jumped 51 cents in trading 41,600 shares close at $5.31 and Wisynco Group rose 25 cents and finished trading 4,737,868 units at $9.10.
Trading in the US dollar market closed with 220,794 units valued at $50,765 as Proven Investments the sole stock trading in this segment of the market, rose 0.5 cents and ended trading at 23 US cents. The JSE USD Equities Index increased 1.74 points to close at 169.52.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 5 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: , , , , , , , , , , , , , , , , , , , , , ,