Trading on the Jamaica Stock Exchange fell sharply on Thursday to just 3,989,661 units valued at $65,937,392, down from 12,393,354 units valued at $115,843,551 on Wednesday with Pulse as the lead trade.
At the close on the Jamaica Stock Exchange on Thursday, the main market indices rose with All Jamaican Composite Index climbing 1,984.67 points at 333,365.37, while the JSE Index rose 1,808.26 points to 303,733.49.
Stocks with major price changes are, Grace Kennedy down 66 cents to $51.60, JMMB Group fell 60 cents to close at $28.40, NCB Financial falling $1.56 to $96.50, PanJam Investment adding back the $4.77 lost on Wednesday to end at $57.57 and Sagicor Group rose 82 cents to end at $39.
For the second consecutive day, Pulse Investments led trading and closed on Thursday with 781,135 units trading, accounting for nearly 20 percent of the day’s volume and was followed by JMMB Group 7.25% preference share with 750,000 shares and Scotia Group with 628,743 units.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 10 advanced, 8 declined and 9 closing unchanged, compared to 28 securities trading on Wednesday.
In the US dollar market, 139,245 units traded valued at $25,213 with Sygnus Credit traded 128,045 units trading, to end at 11 US cents. JMMB Group 6.00% USD preference share ended with 11,000 units and Sterling Investments trade with 200 units at 9.2 US cents after falling from 10.4 US cents. The JSE USD Equities Index closed down 0.49 at 155.
Trading resulted in an average of 166,236 units valued at an average of $2,747,391 for each security traded, in contrast to 515,323 units valued at an average of $4,826,815 on Wednesday. For the month to date, 229,774 units traded with an average value of $5,182,608 and on the previous day, 232,741 units traded with an average value of $5,302,373. May closed with an average of 589,414 shares with a value of $16,532.367, 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 2 closing with lower offers.
13 TTSE stocks traded unchanged – Thursday
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 18 securities against 14 on Wednesday, resulting in 2 advancing, 3 declining and 13 remaining unchanged.
At close of the market the Composite Index lost 0.99 points on Thursday to 1,235.77. The All T&T Index rose 0.24 points to 1,726.67, while the Cross Listed Index declined 0.31 points to close at 100.10.
Trading ended with 280,762 shares at a value of $4,894,546, compared to 240,621 shares on Wednesday valued at $11,164,756 changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 3 stocks ending with higher bids than the last selling prices and 5 with lower offers.
T&T NGL closed at a record high on TTSE on Thursday.
Gains| Scotiabank rose 1 cent and ended at $65.01, with 6,214 units trading and Trinidad & Tobago NGL closed with a gain of 44 cents to end at a record close of $29.99, with 2,513 stock units changing hands.
Losses| Grace Kennedy price fell 8 cents and ended at $2.92, with 16,307 stock units changing hands, National Flour closed with a loss of 5 cents and ended at $1.75, with 11,236 units and Sagicor Financial shed 10 cents and concluded trading at $7.75, with 3,696 stock units changing hands.
Firm Trades| Angostura Holdings concluded market activity at $15.73, with 7,822 stock units changing hands, Ansa Mcal ended at $58, with 7,424 units, Ansa Merchant Bank completed trading at $40, after exchanging 7,333 shares, First Caribbean International Bank ended at $8.50, with 473 units, First Citizens completed trading at $35, after exchanging 753 shares, 
Guardian Holdings ended at $16.99, with 5,235 units, JMMB Group settled at $1.75, after exchanging 10,000 shares, Massy Holdings settled at $47.20, after trading 9,550 shares, NCB Financial Group completed trading at $5.49, exchanging 200 shares, One Caribbean Media settled at $12.34, with 7,107 shares changing hands, Prestige Holdings ended at $10.01, with 173,095 units, Republic Financial Holdings settled at $102.76, after exchanging 1,338 shares and West Indian Tobacco settled at $88.50, with 10,466 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place. Daily
5.5m Pulse shares trade – Wednesday
Kingsley Cooper Chairman of Pulse
Pulse Investments traded more than 5.4 million shares in trading on the Jamaica Stock Exchange on Wednesday out of a total of 12,393,354 units trading in the main and US dollar markets as the main market indices dived more than 2,690 points.
The volume of Pulse shares traded, is significant as it represents an unusually large amount that is out of line with normal trading levels for that company.
At the close on the Jamaica Stock Exchange on Wednesday, the All Jamaican Composite Index dropped 2,954.25 points at 331,380.70, while the JSE Index dived 2,691.66 points to 301,925.23.
Stocks with major price changes are, Grace Kennedy down 74 cents to $52.26, NCB Financial falling 84 cents to $98.06, PanJam Investment dropping $4.77 to $52.80, Scotia Group down $1.60 to end at $50.40, Seprod dropping $3.40 to $31.60, Supreme Ventures rising $1 to $15 and Sterling Investments up $1 to $11.50.
At the close of market activity, 12,367,754 units valued at $115,843,551 changed hands compared to 6,586,973 units valued at $111,180,207, on Tuesday.
The other companies with major volume traded were, Wisynco Group with 1,408,344 units, accounting for just over 11 percent of the volume traded, followed by Jamaica Producers with 1,268,622 units or just over 10 percent of the main market volume, JMMB Group 7.5% preference share exchanged 1,151,126 shares and Sygnus Credit was next with 691,887 units.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 8 advanced, 11 declined and 5 closing unchanged, compared to 28 securities trading on Tuesday.
In the US dollar market, 25,600 units traded valued at $2,816 with Sygnus Credit being the sole stock trading to end at 11 US cents. 
The JSE USD Equities Index closed unchanged at 155.49.
Trading resulted in an average of 515,323 units valued at an average of $4,826,815 for each security traded, in contrast to 253,345 units valued at an average of $4,276,162 on Tuesday. For the month to date 232,741 units traded with an average value of $5,302,373 and on the previous day 218,900 units traded with an average value of $5,326,971 on average. May closed with an average of 589,414 shares with a value of $16,532.367, 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 none closing with a lower offer.
PanJam jumps $5 to record high on Tuesday
Pan Jam office building in Kingston Jamaica.
PanJam Investment jumped $5.07 to a record high of $57.57, in trading on the Jamaica Stock Exchange on Tuesday, but the market indices dropped more than 1,000 points.
At the close on the Jamaica Stock Exchange on Tuesday, the All Jamaican Composite Index declined by 1,192.30 points to 334,334.95 while the JSE Index fell 1,086.32 points to 304,616.89.
Stocks with major price changes are, Carreras with a fall of $1 to $9, Grace Kennedy down $1 to $53, Portland JSX up 75 cents to $9.80, Salada Foods falling $2.50 to $10, Scotia Group rising 50 cents to end at $52, Supreme Ventures dropping $1.10 to $14 and Sygnus Credit rising 50 cents to $13.50.
At the close of market activity 6,586,973 units valued at $111,180,207 changed hands compared to 4,037,181 units valued at $55,669,184, on Monday.
Trading volume was dominated by Wisynco Group with 2,466,837 units, accounting for 37.45 percent of the volume traded, followed by Mayberry Investments with 835,956 units or just 12.69 percent of the main market volume and Carreras with 613,398 stock units or 9.3 percent.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 7 advanced, 10 declined and 11 closing unchanged, compared to 30 securities trading on Monday.
In the US dollar market, 210,958 units traded valued at $38,935 with Margaritaville trading with 7,958 shares at 19.95 US cents compared to 20 US cents previously and 
Proven Investments traded 203,000 units at 20 US cents. The JSE USD Equities Index dropped 6.30 points to close at 155.49.
Trading resulted in an average of 253,345 units valued at an average of $4,276,162 for each security traded, in contrast to 168,216 units for an average of $2,319,549 on Monday. For the month to date 216,970 units traded with an average value of $5,389,348 and on the previous day 219,629 units traded with an average value of $5,567,307 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
Trading picks up on TTSE – Tuesday
Market activity on the Trinidad & Tobago Stock Exchange ended Tuesday with trading in 13 securities against 14 on Monday resulting in 103,895 shares valued at $1,779,885 changing hands.
In trading on Monday only 45,235 shares at a value of $1,152,743, changed hands. At the close of trading on Tuesday, just 2 stocks advanced, 3 declined and 8 remained unchanged.
The Composite Index gained 0.78 points on Tuesday to 1,236.41, the All T&T Index added 0.09 points to 1,726, while the Cross Listed Index rose 0.20 points to close at 100.37.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 5 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| National Enterprises ended trading after rising 5 cents and ended at $9.55, with 400 stock units changing hands and NCB Financial Group finished 4 cents higher at $5.49, after exchanging 680 shares.
Losses| Sagicor Financial fell 10 cents and ended at $7.85, with 32,155 stock units changing hands, Scotiabank lost 1 cent and completed trading at $65, with 1,050 units and Trinidad & Tobago NGL shed 9 cents and ended at $29.51, with 10,901 stock units changing hands. 
Firm Trades| Agostini’s concluded trading at $21.10, after exchanging 4,402 shares, Ansa Merchant Bank settled at $40, trading 2,000 shares, Calypso Macro Index Fund traded 1,780 shares at $16.50, Clico Investments ended at $20.28, with 15,965 stock units changing hands, First Citizens settled at $35, after exchanging 4,422 shares, Grace Kennedy ended at $3, with 5,000 stock units changing hands, Guardian Holdings completed trading at $16.99, with 25,000 units and Guardian Media 6% preference share settled at $65.06, after exchanging 140 shares.
Prices of securities trading for the day are those at which the last trade took place. Daily
JSE makes gains on Monday
At the close on the Jamaica Stock Exchange on Monday, the All Jamaican Composite Index rose 867.41 points to 335,527.25 while the JSE Index gained 790.30 points to 305,703.21.
Stocks with major price changes are, Berger Paints with a fall of 90 cents to $21.10, Grace Kennedy rising by $1 to a record $54, JMMB Group rising $1.20 to $29, NCB Financial lost 90 cents to close at $99, Salada Foods fell $1.75 to $12.50, Scotia Group lost 50 cents to end at $51.50 and Supreme Ventures dropped 90 cents to $15.10 and Sygnus Credit fell 50 cents to $13.
At the close of market activity, 4,037,181 units valued at $55,669,184 compared to 19,346,217 units valued at $306,929,810 changed hands, on Friday.
Trading volume was dominated by 
JMMB Group 7.50% preference share with 1,618,000 units that accounted for 40.08 percent of the main market volume followed by Carreras with 677,448 stock units or 16.78 percent and Scotia Group with 363,434 shares.
Market activities in the main and US dollar markets resulted in 25 securities trading of which 7 advanced, 10 declined and 8 traded firm, compared to 30 securities trading on Friday.
In the US dollar market, 16,300 units valued at US$1,793 traded with Sygnus Credit Investments ended trading with 16,300 units at 11 US cents. The JSE USD Equities Index lost 0.84 points to close at 161.79.
Trading resulted in an average of 168,216 units valued at an average of $2,319,549 compared to 691,163 units valued at $10,961,779 on Friday. For the month to date 216,970 units traded with an average value of $5,389,348 and on the previous day 219,629 units traded with an average value of $5,567,307 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
NCB & JMMB back in TOP 10
JMMB Group, NCB Financial and Pulse Investments moved into the IC Insider.com TOP 10 at the close of the past week as Berger Paints and Palace Amusement exited the main market TOP 10.
There was no new entry to the Junior Market listing but Jamaican Teas climbed to a new high of $6 during the week and closed just below, at $5.95 and Stationery and Office traded down to $6.85 as an investor moved more than 400,000 shares at that price, the stock rebounded to $8 on low volumes as active supply has declined below this price level. Grace Kennedy rose to a new all-time high and Berger Paints rose to $22 during the week and were eased out of the top list. Earnings for Palace for 2018 and 2019 were revised lower even with the report that the company plans on opening a new cinema in the fast growing Portmore area, in 2019 and just eased out of the listing. 
Barita Investments fell by 25 percent during the week from $12 down to $9 as demand at the higher price evaporated.
Recent TOP 10 member PanJam Investment traded at a new high during the week and remains a buy with very limited supply of stock for sale while former TOP 10 listings jumped sharply during the week from $28.50 to $42.18 after the company announced that the directors will meet to discuss a dividend and stock split.
During the week Sygnus Credit was listed on the main and US dollar markets and Everything Fresh became fresh new listing on the Junior market. 
The shares of both, traded higher than the Initial Public Issue price. Sygnus US dollar listing remains above the IPO price while the Jamaican dollar denominated stock is trading below the IPO price.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.3 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stock closed without an offer at the close of the week. NCB has good growth prospects for patient investors, the stock continues to trade around $100 where there is some selling but that level could be taken out soon and pave the way for more gains. 
PanJam Investment could move higher this week as there continue to be very limited supply of the stock on offer. Radio Jamaica could come in for increased attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling and Grace Kennedy for which there is also limited supply. In the Junior market, Demand for Derrimon Trading has been increasing recently and pushing the stock to new high during the past week. Stationery and Office Supplies settle down during the week before rebounding. Jamaican Teas came in for more buying in the week but with limited stocks being offered for sale is worth watching.
Companies trading climb on TTSE – Friday
Trinidad & Tobago Stock Exchange Head Quarters
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 18 securities against 13 on Thursday. At the close 5 securities rose, 2 declined and 11 remained unchanged.
The Composite Index lost 3.53 points on Friday to 1,234.02, the All T&T Index declined 0.33 points to 1,723.42, while the Cross Listed Index rose 0.93 points to close at 100.07.
The market closed with 343,088 shares trading at a value of $4,812,925, compared to 912,695 shares trading at a value of $8,892,469 on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment to be closely matched between advancing and declining stocks as the market closed with 1 stock ending with a higher bid than the last selling prices and 3 with lower offers.
Gains| Clico Investments concluded trading and rose 1 cent to end at $20.27, with 30,202 stock units changing hands, Grace Kennedy added 10 cents and closed at $3, with 102,253 stock units changing hands, NCB Financial Group increased 10 cents and completed trading at $5.45, after exchanging 46,501 shares, Sagicor Financial rose 7 cents to $7.87, with 1,448 stock units changing hands and Trinidad & Tobago NGL closed with a gain of 20 cents to $29.50, with 3,759 stock units changing hands.
Losses| Point Lisas share price fell 3 cents and ended at $3.81, with 537 stock units changing hands and Unilever Caribbean closed with a loss of 5 cents at $29.25, after exchanging 3,240 shares. 
Firm Trades| Ansa Mcal ended at $58, with 32,169 units, First Citizens completed trading at $34.91, after exchanging 6,920 shares, Guardian Holdings ended at $16.60, with just 38 units changing hands, JMMB Group settled at $1.75, after exchanging 86,703 shares, Massy Holdings closed at $47.20, trading 20,485 shares, One Caribbean Media settled at $12.34, with 349 shares changing hands, Prestige Holdings ended at $10.01, with 268 units traded, Republic Financial Holdings settled at $102.75, after exchanging 1,369 shares, Scotiabank ended at $65.01, with 165 units changing hands, Trinidad Cement ended at $3, with 6,488 units and West Indian Tobacco settled at $88.50, after exchanging 194 shares.
Prices of securities trading for the day are those at which the last trade took place. Daily
CAC & Broilers back in TOP 10
Jamaica Broilers returns to the main market TOP 10 list with a fall in the price to $22.10 by the end of the week from $26.30 last week and CAC 2000 returns after last been on the list, in December.
CAC replaced Medical Disposables while JMMB Group moved up to $29.45 to be replaced by Jamaica Broilers.
During the week the main market traded at a record close on two days but closed the week below the record high. The main market saw new buying interest coming in for a number of stocks, at the same time that supply for them have dried up. Interest rates on Treasury bills fell in the June auction and inflation remains negative for the year to May. With those developments the main market seems poised to move to more records in the weeks ahead. Strong upward movement is also being signaled by the fact that, the market is breaking out of a wedge formation.
The junior market broke through a declining resistance line during the early part of the week but retreated by week end. Technical indicators are pointing to a strong upward movement, with a golden cross approaching, with the long term moving average line set to cross over the medium and short term lines not too far away.
The past week was very eventful for the Jamaica Stock market as the main market surged to new all-time highs and the Junior Market surged more than 100 points in the early part of the week and broke through resistance before pulling back.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market.
Stocks to Watch CAC 2000 reported strong half year results during the past week, with the second quarter more than doubling even after accounting for cost associated with issuing new preference shares. NCB Financial sits just below the TOP 10 list and has good growth prospects for patient investors. During the week, the price moved to $100 where there is some selling but that level could be taken out during the coming week and pave the way for more gains. 
PanJam Investment could move higher this week as there is very limited supply of the stock on offer. Investors should also keep an eye out for Sygnus Credit shares that list on Monday and should see a slight bounce in the price. Others worth watching include Caribbean Cement, Berger Paints and Grace Kennedy for which there was increased demand by the end of the week. In the Junior Market, Stationery and Office Supplies could decline further during the week but could find support in the mid $6 to low $7 region before rebounding. Jamaican Teas came in for buying in the week but supply has been limited and could result in more gains for the stock that traded at a record close of $5.50 during the week.
JSE majors up 2561 points for week – Friday
The Jamaica Stock Exchange pulled back at the close of trading on Friday as declining stocks was 60 percent more than as those advancing to end a week that had 2 days of new record close and still ended the week 2,561 points ahead of the close of the previous week.
At the close of trading, the All Jamaican Composite Index declined 471.19 points to 333,056.79 while the JSE Index slipped 429.31 points to close at 303,452.35.
Just 26 securities traded on Thursday, resulting in 9 advancing, 15 declining and 2 remaining firm resulted in activity amounting to just 2,827,566 units valued at $112,242,230.
In market activity, Berger Paints fell 50 cents and ended at $20.50, with 102,177 stock units, Carreras lost 28 cents in concluding trading at $10, with 171,700 units, Caribbean Cement jumped $2 to $42 while trading 289,511 shares, Ciboney Group rose 1 cent to settle at 13 cents, trading 100,000 shares, 
Grace Kennedy gained 50 cents and ended trading at $50.50, with 5,120 shares. Jamaica Broilers declined by 90 cents, trading 25,789 stock units to end at $22.10, with, Jamaica Producers gained 10 cents and finished trading at $16.95, with 1,654 units, Jamaica Stock Exchange closed at $7.20, with 2,500 shares after rising 17 cents, JMMB Group ended at $29.45, trading 219,128 shares with a rise of 45 cents. Kingston Properties fell 35 cents concluded trading at 52 weeks’ low of $5, with 6,000 shares, Kingston Wharves fell 35 cents and finished at $45.65, with 26,730 stock units changing hands, Mayberry Investments shed 44 cents and settled at $6.06, with 26,247 units, NCB Financial Group shed 49 cents and ended trading at $99.50, with 766,949 shares. 1834 Investments traded at $1.09 after rising 3 cents with 30,000 shares changing hands, 138 Student Living lost 8 cents and settled at $4.60, with 1,000 units, PanJam Investment closed at $51.45, with 27,225 stock units, Portland JSX lost 87 cents to end at $9.25, with 10,000 units, Radio Jamaica finished at $1.05, with 71,058 shares.
Sagicor Group settled at $38.15 and lost 95 cents after trading 73,246 shares, Sagicor Real Estate Fund eased 1 cent and settled at $13.79, with 14,201 shares. Scotia Group rose 57 cents in closing trading at $50.60, with 46,014 units, Sterling Investments dropped $2.50 and closed at $9.50, with 591 shares, Supreme Ventures lost 30 cents and ended at $14.20, with 72,325 shares. Victoria Mutual Investments concluded trading with a fall of 10 cents at $4, exchanging 568,164 stock units and Wisynco Group rose 4 cents, finishing at $9.84, with 169,237 units. In the main market preference segment, JMMB Group 7.5% lost 4 cents and finished at $1.04, with 1,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE stocks down again – Friday .”