Grace set to make big price leap

August 6, 2018 by

Grace Kennedy traded at a 52 weeks’ high on JSE on Friday..

The Jamaica stock market is at an interesting stage, with supply of many stocks offered for sale, getting more scarce by the day, while interest rates are at their lowest levels in Jamaica’s history but are most are valued  at levels when interest rates were in the teens.
The main market has gained 8,387.30 points in July, and is now a record high as of Friday with gains of 9,486.57 since the start of July, thus mirroring the start of the usual summer rally on the Jamaica Stock Exchange, while the Junior Market continues to bounce and is now at a 9 months’ high.
Liquidity is very high and forcing interest rates lower as investors try to place funds on hands. As liquidity rise in the market supply of stocks is on the decline. Some of stock with scarce supplies include Grace Kennedy that has just one offer priced at $80 when the market closed on Friday, NCB Financial that is now trading over $100 is not far behind with limited offers. It has been years that the supply of Grace stock has been this low and suggest a big upward price move.

The All Jamaica Composite index now braking out of a narrow upward sloping channel going back to November 2017.

Berger Paints, Caribbean Cement, JMMB Group, Kingston Wharves, PanJam Investment, Sagicor Group, Seprod and Scotia Group with only 362,000 units on offer are amongst some that have very limited supplies being offered for sale on the market. But the main market is not the only segment with limited supplies.Over in the Junior market where demand is not as great as in 2017, supplies are limited for many of the listings. The list includes, Blue Power, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, Caribbean Cream, Medical Disposables and Stationery and Office Supplies. Caribbean Producers closed trading at $5.80 at the end of the previous week and ended this past week at $6.22 and may well go higher this coming week as it closed with a bid at $6.20. A number of these stocks could lead the break out of the markets in a big way when investors on a whole come to the realization that with interest rates now below 2 percent,

Medical Disposables profit jumps 49 percent before foreign exchange loss in Q1.

that the old accepted PE ratio of 10 being reasonable to value stocks, is no longer accepted and that ratios of 20 to 30 will become the norm going forward. Investors only need to look at stocks in in Trinidad and Tobago where PEs have been in the 20 level for years to understand where we will be heading in the not too distant future.
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 index and the Junior Market that is at a 9 month high, is being steered by an upward rising long term support line and the start of a golden cross.

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Record 345,208 points close for AJI – Friday

August 3, 2018 by

Chart showing the All Jamaica Composite Index in upward move from December 2017 and now at the highest closing level ever.

The All Jamaican Composite Index of the Jamaica Stock Exchange closed above 345,000 points for the first time ever but fell short of the record high of 345,208.15 reached in the early morning session on Thursday.
At the close, the All Jamaican Composite Index gained 980.10 points to end at a record close of 345,050.21 and the JSE Index advanced by 892.98 points to a record close at 314,379.69. The move on Friday is the fifth straight record close for the market since the previous week Friday.
Trading in the main market ended with 4,818,830 units valued at $56,754,894, compared to 4,999,824 units valued at $34,788,166 on Thursday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Thursday. At the end of trading, the prices of 9 stocks rose, 9 declined and 11 traded unchanged.
The day’s volume was led by, Jamaica Stock Exchange trading 1,993,806 shares for 41.38 percent of the day’s traded volume Mayberry Equities closed trading with 469,705 units or 9.75 percent of shares trading and Radio Jamaica ended trading with 389,089 units and accounting for 8.07 percent of the day’s volume.
Major price changes| Carreras traded 333,862 shares but lost 30 cents to close at $9, Caribbean Cement rose 49 cents and finished at $41.50, with 119,028 shares, Kingston Wharves concluded trading at $52.50, with 8,815 shares after gaining 40 cents. Mayberry Investments jumped $1.25 to a 52 weeks’ high of $8.25 trading 118,800 shares and after pulling back from $8.40 earlier in the day, PanJam Investment concluded trading of 7,340 shares at $52.55, after rising $1.55 and Scotia Group traded 349,178 units and rose 8 0 cents to end at $53.
Trading in the US dollar market closed with 40,481 units valued at US$10,641 as JMMB Group 6 percent preference share completed trading of 3,000 stock units and fell 1 cents to end at $1.04, Productive Business Solution ended trading 1,000 shares to close at 59 US cents and Proven Investments closed at 19 US cents trading 36,481 shares. The JSE USD Equities Index close unchanged at 155.14.
Trading resulted in an average of 185,340 units valued at an average of $2,182,8811 for each security traded, in contrast to 185,179 units valued at an average of $1,288,451 on Thursday. For the month to date an average of 185,258 units traded for an average of $1,727,278. July closed with an average of 169,022 units valued at $3,514,756, 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 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Ansa & Witco push TTSE up – Friday

August 3, 2018 by

West Indian Tobacco recovers $3.51 it lost on Wednesday.

Ansa McAl jumped $2 to $57 while trading 286 shares and West Indian Tobacco gained 99 cents to end at $88 trading 4,768 units, helping in pushing the market indices higher at the close, in moderate trading on Trinidad & Tobago Stock Exchange, on Friday
Trading closed with 271,085 shares valued at $2,133,526 changing hands, compared to 572,318 shares at a value $2,427,732, on Thursday.
Market activity ended with 10 securities trading against 15 on Thursday, with 2 advancing, 3 declining and 5 remaining unchanged. At the close the Composite Index gained 2.82 points on Friday to 1,234.50, the All T&T Index jumped 8.20 points to 1,718.84 and the Cross Listed Index slipped 0.37 points to close at 100.82.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Losses| Grace Kennedy concluded trading with a loss of 10 cents at $2.80, with 120,000 stock units changing hands, Sagicor Financial traded with a loss of 10 cents at $7.50, with 78,768 stock units changing hands and Trinidad & Tobago NGL lost 15 cents and completed trading at $29.60, after exchanging 8,544 shares.
Firm Trades| Clico Investments concluded trading at $19.97, with 15,531 stock units changing hands, First Citizens completed trading at $35.01, after exchanging 1,500 shares, Massy Holdings settled at $46.90, after exchanging 436 shares, One Caribbean Media settled at $12.35, after trading 1,252 shares and Trinidad Cement settled at $2.95, after 40,000 shares changed 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: , , , , , , , , , , , , , ,

Record close for JSE – Thursday

August 2, 2018 by

The All Jamaican Composite Index of the Jamaica Stock Exchange surged to more than 345,000 points in the early morning session on Thursday but failed to hold on at that level but still managed to end at a new record close.
At the close, the All Jamaican Composite Index held on to just 119.17 points of the early gains to end at a record closing high of 344,070.11 and the JSE Index clung to 108.58 points to end at record closing high of 313,486.71.
Trading in the main market ended with 4,999,824 units valued at over $34,788,166 compared to 34,917,482 units valued at $108,176,982 on Tuesday.
Market activities resulted in 31 securities trading including 4 in the US dollar market compared to 29 securities trading on Tuesday. At the end of trading, the prices of 14 stocks rose, 8 declined and 9 traded unchanged.
The day’s volume was led by, Mayberry Investments trading 1,003,340 shares to close at $7, after it traded at an intraday 52 weeks’ high of $7.60 JMMB Group 7.5% preference share closing at $1, in trading 952,000 shares and Mayberry Equities closed trading at $8.50 with 522,731 shares trading.
Major price changes| Grace Kennedy traded at an intraday 52 weeks’ high of $56.70 but ended trading at a 52 weeks’ closing high of $56.01. Jamaica Producers rose 30 cents to $17, trading 5,988 stock units, Mayberry Equities lost 55 cents trading 522,731 shares to end at $8.60, PanJam Investment concluded trading 51,973 shares at $51, after falling $1.54, Sagicor Group shed 40 cents and settled at $38.10, with 21,574 shares trading, Scotia Group traded 13,284 units and rose $1.10 to end at $52.20 and Sterling jumped $1.50 and finished trading at $13.50, with 2,952 shares changing hands.
Trading in the US dollar market closed with 98,429 units valued at US$87,029 as JMMB Group 6 percent preference share completed trading 80,000 stock units at $1.05, Margaritaville ended trading 10,524 shares to close at 16.9 US cents and Proven Investments rose 1 cent to 19 US cents trading 5,105 shares. The JSE USD Equities Index rose 1.62 points to 155.14.
Trading resulted in an average of 185,179 units valued at an average of $1,288,451 for each security traded. In contrast to 1,342,980 units for an average of $4,160,653 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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JSE jumps 3000 points to record close – Tuesday

July 31, 2018 by

The main market of the Jamaica Stock Exchange hit several new record highs throughout the trading session on Tuesday and ended with strong gain to close just below the 344,000 points level.
At the close, the All Jamaican Composite Index jumped 3,071.05 points at 343,950.94 and the JSE Index climbed 2,798.07 points to close at 313,378.13. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 34.917.482 units valued at $108,176,982 versus 2,332,453 units valued at $28,665,085 on Monday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Friday. At the end of trading, the prices of 15 stocks rose, 8 declined and 6 traded unchanged.
The day’s volume was led by, JMMB Group 7.5% preference trading 27,800,000 shares at 99 cents, Jamaica Stock Exchange closing at $7.30, with 2,972,200 shares, and Carreras concluding trading at $9.47 with 1,071,337 units.
Major price changes| Carreras concluded trading at $9.47, after rising 47 cents with 1,071,337 units, Grace Kennedy jumped $3 to $56 in trading 161,314 shares, Jamaica Broilers rose 40 cents to $25.90, trading 9,471 stock units. JMMB Group climbed $1.90 and ended at $29.90, exchanging 1,700 shares, Mayberry Equities traded with a gain of $1.59 to end the day at $9.15 with 963,295 units trading, Sagicor Group gained 50 cents and settled at $38.50, with 14,775 shares, Scotia Group traded 57,671 units but fell $1 to end at $51.10 and Seprod shed $1.50 and finished trading at $32.50, with 2,529 shares changing hands.
Trading in the US dollar market closed with 7,827 units valued at US$6,500 as JMMB Group completed trading at $1.05 with 5,586 stock units and Productivity Business ended trading with a gin of 9 cents at 59 US cents with 541 shares changing hands and Proven Investments lost 1 cent to 18 US cents with 1,700 shares trading The JSE USD Equities Index rose 5.76 points to 153.52.
Trading resulted in an average of 1,342,980 units valued at over $4,160,653, in contrast to 80,429 shares valued at $988,451 on Monday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

TTSE in moderate trading Tuesday

July 31, 2018 by

Republic Bank traded at a 52 weeks’ high of $02.82.

Trading on Trinidad & Tobago Stock Exchange on Tuesday remained moderate with just 82,986 units valued $1,124,484 changing hands, compared to 272,153 units valued $1,852,312 on Monday.
Market activity ended with 16 securities trading against 15 on Monday, with 6 advancing, 4 declining and 6 remaining unchanged. At the close the Composite Index gained 6.77 points on Tuesday to 1,228.57, the All T&T Index lost 0.10 points to 1,710.29 and the Cross Listed Index rose 1.89 points to close at 100.38.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 4 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| First Caribbean International Bank rose 15 cents and completed trading at $8.25, with 7,000 units, Grace Kennedy closed with a gain of 10 cents and ended at $2.90, with 24,800 stock units changing hands, JMMB Group gained 9 cents and concluded trading at $1.84, after exchanging just 48 shares, NCB Financial Group rose 5 cents and settled at $5.65, after exchanging 10,200 shares, Republic Financial Holdings gained just 1 cent and ended at a 52 weeks’ high of $102.82, after exchanging 80 shares and Sagicor Financial ended trading after rising 19 cents and ended at $7.69, with 100 stock units changing hands.
Losses| Clico Investments fell 2 cents and ended at $19.97, with 415 stock units changing hands, Massy Holdings closed with a loss of 5 cents to end at a 52 weeks’ low of $46.90, after exchanging 2,208 shares, National Enterprises shed 1 cent and ended at $9.50, exchanging 500 stock units and Scotiabank lost 3 cents and completed trading at $65.02, trading 6,688 units.
Firm Trades| Agostini’s closed trading at $21.11, after exchanging 588 shares, Angostura Holdings ended at $15.75, with 10 stock units changing hands, Ansa Merchant settled at $40, after exchanging 956 shares, First Citizens settled at $35, after exchanging 2,000 shares, Trinidad & Tobago NGL settled at $29.74, exchanging 6,528 shares and Trinidad Cement concluded trading at $2.95, after exchanging 20,865 shares.
Prices of securities trading for the day are those at which the last trade took place.

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Another record close for JSE stocks – Monday

July 30, 2018 by

The main market of the Jamaica Stock Exchange closed at a new record high on Monday at the end of a moderate trading session, following Friday’s record closing high, as technical indicators points to the market hitting over 380,000 points before hitting major resistance.
At the close, the All Jamaican Composite Index advanced by 444.90 points at 340,879.89 and the JSE Index gained 405.35 points to close at 310,580.06. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 2,332,453 units valued at $28,665,085 compared to 5,657,684 units valued at $158,095,077 on Friday.
Market activities resulted in 31 securities trading including 2 in the US dollar market compared to 25 securities trading on Friday. At the end of trading, the prices of 13 stocks advanced, 11 declined and 7 traded unchanged.
The day’s volume was led by, Radio Jamaica with 649,627 shares, Carreras with 596,249 units and 1834 Investments Limited with 250,000 units.
Major price changes| Barita Investments gained 51 cents to end at $9.51 trading 938 shares, Berger Paints traded just 200 shares changing hands, with the price falling 50 cents to $19, Grace Kennedy added 40 cents to $53, with 18,100 stock units trading, Jamaica Broilers lost 50 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group traded 173,185 shares but fell 50 cents to $28, Kingston Wharves jumped $1.95 to $52.05 in trading 5,534 units, NCB Financial Group rose 51 cents in trading 90,387 shares at $100.52, Proven Investments fell 50 cents trading 12,235 shares at $26, Sagicor Real Estate Fund settled at $14.50, after slipping 45 cents in trading 35,365 shares, Salada Foods jumped $3.39 to end at $15.89, exchanging just 370 units, Scotia Group gained 60 cents in trading 10,980 units at $52.10 and Seprod finished trading at $34.00, after jumping $1.99 with 11,556 shares changing hands.
Trading in the US dollar market closed with 170,635 units valued at US$27,064 as Proven Investments rose 1 cent to 19 US cents with 112,235 shares trading and Sygnus Credit Investments closed with 58,400 units trading at 10 US cents. The JSE USD Equities Index rose 3.05 points to 147.76.
Trading resulted in an average of 80,429 units valued at an average of $988,451 for each security traded. In contrast to 245,986 units for an average of $6,873,699 on Friday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, 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 5 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Record high for JSE stocks – Friday

July 27, 2018 by

The main market of the Jamaica Stock Exchange jumped to new record highs at the end of trading on Friday, after trading at an intraday record high of 341,378.20 on the All Jamaica Composite Index.
At the close, the All Jamaican Composite Index jumped 1,753.85 points to a closing record high of 340.434.99 and the JSE Index climbed 1,597.96 points to end at a record closing high of 310,174.71.
Trading in the main market ended with 5,657,684 units valued at $158,095,077 compared to 12,872,984 units valued at $191,208,699 on Thursday.
Market activities resulted in 25 securities trading including 2 in the US dollar market compared to 26 securities trading on Thursday. At the end of trading, the prices of 8 stocks advanced, 13 declined and 4 closed unchanged.
The day’s volume was led by Carreras with 1,409,425 units and 24.91 percent of the day’s volume, followed by Grace Kennedy with 1,066,861 units accounting for 18.86 percent of the day’s volume and NCB Financial Group with 590,804 units or 10.44 percent of the total volume.
Stocks with major price changes are, Caribbean Cement climbing $1.49 trading 19,732 shares at $41.50, Grace Kennedy that rose 53 cents to $52.60, with 1,066,861 stock units trading. Jamaica Broilers adding 70 cents, closing trading at $26 trading 502,394 shares. Kingston Wharves dropped $2.89 to $50.10 in trading 600 shares. NCB Financial Group jumped $3.01 and ended trading at $100.01, Sagicor Group settled at $38, after falling 99 cents in trading 17,126 shares, Scotia Group lost 50 cents in trading 50,560 units at $51.50, Seprod ended at $32.01, after shedding $1.99 in trading 1,780 shares, Sterling Investments rose 50 cents and end at $12, with 60,000 units and Sygnus Credit Investments closed with 88,360 units trading at $12.50 after falling 50 cents.
Trading in the US dollar market closed with 502,180 units valued at US$50,395 as Proven Investments rose 0.99 cent to 18 US cents with 2,180 shares trading and Sygnus Credit Investments closed with 500,000 units trading with a decline of 0.5 cents to 10 US cents. The JSE USD Equities Index rose 2.42 points to 144.71.
Trading resulted in an average of 245,986 units valued at an average of $6,873,699 compared to 252,649 units valued at an average of $5,757,925 for each security traded on Thursday. The average volume and value for the month to date amounts 173,907 units valued at $3,499,633 compared to 165,957 units valued at $3,192,366 on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s 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: , , , , , , , , , , , , , , , , , , , , , , , , ,

Falling JSE stocks beat out gainers

July 26, 2018 by

The main market of the Jamaica Stock Exchange suffered moderate losses in the main indices with just over 30 points drop at the close on Thursday as advancing stocks out-paced decliners.
At the close, the All Jamaican Composite Index lost just 38.40 points to close at 337,480.52 and the JSE Index fell a mere 34.99 points to close at 307,482.85.
Trading in the main market ended with 12,872,984 units valued at $191,208,699 compared to 12,872,984 units valued at $191,208,699 on Wednesday.
Market activities resulted in 26 securities trading including 3 in the US dollar market compared to 26 securities trading on Wednesday. At the end of trading, the prices of 11 stocks advanced, 13 declined and 7 closed unchanged.
NCB Financial released third quarter results to June, after the market closed, with net profit attributable to stockholders increasing 40 percent to $20.7 billion, from $5.9 billion in the prior year’s nine months period. The group recorded $4.4 billion in one off gains from the acquisition of the majority shares in Clarien bank in Bermuda.
The day’s volume was led by, PanJam Investment that closed at $52.65, with 2,20,403 stock units, Radio Jamaica with 1,082,403 shares, JMMB Group 7.5% preference share trading 943,000 units, Carreras with 791,670 units and Berger Paints with 600,602 shares.
Stocks with major price changes are, Berger Paints with 600,602 shares changing hands with the price gaining 68 cents to $19.50 Caribbean Cement dropped 99 cents in trading 11,500 shares at $40.01, Carreras with 791,670 units but fell 50 cents to $9, Grace Kennedy lost 93 cents to $52.07, with just 6,600 stock units trading, Jamaica Stock Exchange shed 49 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group 59,948 shares but fell $1.49 to $28.51, Kingston Wharves jumped $2.09 to $52.99 in trading 10,715 units. NCB Financial Group rose 50 cents and ended trading with 17,389 shares at $97, Sagicor Group settled at $38.99, after rising 49 cents in trading 31,626 shares, Sterling Investments rose 98 cents and end at $11.50, with 1,141 units and Supreme Ventures ended at $16, after gaining 90 cents in trading 26,089 shares.
Trading in the US dollar market closed with 328,462 units valued at US$40,221 as Margaritaville rose 0.10 cent and ended at 16.90 US cents with 900 shares and Productivity Business ended trading 6 cents lower to 50 cents with 541 shares, Proven Investments lost 1.09 cents to 17.01 US cents with 72,171 shares trading and Sygnus Credit Investments closed with 254,850 units trading with a decline of 1.5 cents to 10.50 US cents. The JSE USD Equities Index fell  9 points to 142.29.
Trading resulted in an average of 252,649 units valued at an average of $5,757,925 compared to 559,695 units valued at an average of $8,313,422 for each security traded on Wednesday. The average volume and value for the month to date amounts 170,611 units valued at $3,337,283 compared to 165,957 units valued at $3,192,366 on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

Filed Under: Feature Stories, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

14 JSE stocks rise 7 fall on Wednesday

July 25, 2018 by

The main market of the Jamaica Stock Exchange suffered moderate losses in the main indices with just over 30 points drop at the close on Wednesday as advancing stocks out-paced decliners.
At the close, the All Jamaican Composite Index lost just 38.40 points to close at 337,480.52 and the JSE Index fell a mere 34.99 points to close at 307,482.85.
Trading in the main market ended with 12,872,984 units valued at $191,208,699 compared to 2,446,501 units valued $62,753,272 on Tuesday.
Market activities resulted in 26 securities trading including 3 in the US dollar market compared to 27 securities trading on Tuesday. At the end of trading, the prices of 14 stocks advanced, 7 declined and 5 closed unchanged.
Supreme Ventures released second quarter results after the market closed with lower profit in the second quarter of $432 million from $502 million in the 2017 quarter. For the half year, profit of $1.05 billion was realized versus $920 million in 2017. Quarterly reports are expected from NCB Financial and Caribbean Cement on Thursday but Proven Investments that was also expected to report, will not do so until August.
The day’s volume was led by, Jamaica Broilers with 3,750,148 units and 29.13 percent of the day’s volume, followed by Jamaica Stock Exchange with 2,659,680 units 20.66 percent, Carreras with 2,607,344 units, accounting for 20.25 percent of the day’s volume, Wisynco Group concluded trading with 1,894,754 stock units and Jamaica Producers traded 1,291,459 shares.
Stocks with major price changes are, Caribbean Cement rising $1 and finished trading 24,225 shares at $41, Grace Kennedy jumped $1.24 to $53, with just 100 stock units trading, Jamaica Stock Exchange gained 59 cents and closed trading at $7.99, NCB Financial Group fell 50 cents and ended trading with 20,560 shares at $96.50, PanJam Investment lost 55 cents and closed at $52.45, with 7,553 stock units, Sagicor Group settled at $38.50, after falling 33 cents in trading 9,418 shares, Sagicor Real Estate Fund rose 90 cents and end at $14.95, with 11,661 units. Salada Foods climbed 90 cents, trading 10,000 stock units at $12.50, Scotia Group climbed $1.75 to end at $52.00, in exchanging 9,281 units and Supreme Ventures ended at $15.10, after gaining 59 cents as 240,095 shares traded.
Trading in the US dollar market closed with 45,640 units valued at US$11,330 as JMMB 6% ended with a gain of 2 cents and closed at $1.05 in trading 4,070 stock units, Proven Investments rose 1.1 cent to 18.10 US cents with 33,900 shares trading and Sygnus Credit Investments closed with 7,670 units trading with a gain of 1 cent t0 12 US cents. The JSE USD Equities Index rose 4.60 points to 151.29.
Trading resulted in an average of 559,695 units valued at an average of $8,313,422 compared to 106,370 units valued at an average of $2,728,403 for each security traded on Tuesday. The average volume and value for the month to date amounts 165,957 units valued at $3,192,366 compared to 145,966 units valued at $2,917,169 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,