Trading on the Jamaica stock market on Tuesday remains modest, with just 2,299,731 units valued at $26,990,419 in all market segments changing hands. The junior market accounted for 626,581 shares valued at $2,868,043 of all trades. All market indices lost ground as stocks declining were almost equal to the ones rising.
A total of 39 securities traded 3 more than on Monday, with the prices of 14 stocks rising, 13 declining, including 3 stocks rising and 8 declining from the junior market. The market is in a consolidating mode with the indices rising and falling from day to day, with no new information to cause a break out.
The JSE Market Index dropped 400.51 points to end at 160,709.71.The all Jamaica Composite Index declined 447.93 points to close at 178,563.97 and the JSE combined index fell 538.83 points, to end at 171,544.13.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 9 with lower offers. At the end of market activities, Cable & Wireless lost 10 cents trading 202,701 shares to close at $1.10, Caribbean Cement gained $1 to close at $25 but with just 290 shares trading, Carreras traded a mere 650 shares but gained 60 cents to $65.40, Ciboney traded 35,000 shares at 21 cents, 1834 Investments traded 31,000 shares to close at $1. Grace Kennedy gained 50 cents and closed at $120.50 with 7,280 units changing hands, Jamaica Broilers ended with 92,592 units changing hands and gained 20 cents to close at $15 as the company released audited accounts showing earnings per share of $1.44, up from 86 cents as the Jamaican operations saw a surge in segment profits of nearly $1 billion. Jamaica Producers traded 6,950 units after rising 90 cents to end at $49, Jamaica Stock Exchange traded 28,804 shares but fell $1.10 to close at $24, Kingston Wharves traded 2,907 units and gained 45 cents to close at $15.01, Margaritaville Turks traded 164,600 shares at 20.5 US cents up from 19 US cents on Monday. Mayberry Investments closed with 15,000 shares changing hands at $3.56, for a gain of 1 cent, National Commercial Bank ended with just 2,936 units changing hands with a rise of 10 cents to $42.
Pan Jamaican Investment Trust rose 47 cents in trading 7,185 shares to close at $25.48, Radio Jamaica fell 20 cents to close with 38,074 shares changing hands at $1.45, Sagicor Group ended with 212,900 shares changing hands at $23.05, Sagicor Real Estate Fund traded 903,896 shares but lost 3 cents to close at $10.12. Scotia Group fell $1 with 2,792 shares trading to close at $31, Scotia Investments ended with 49,334 shares trading to close at $26, Seprod held firm at $16.60 while trading 5,000 units. Proven Investments traded 17,950 units to close at 16 US cents, down from 16.99 US cents and JMMB Group 7.25% preference share traded 15,000 units to close with a fall of 30 cents at $2.15.
14 up 13 down on JSE – Tuesday
TTSE gains on first trading of July
The Composite Index gained 3.50 points or to close at 1,139.11, the All T&T Index climbed by 5.35 points to close at 1,793.33 and the Cross Listed Index rose 0.22 at 64.54 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| First Citizens traded 3,450 shares to close at $34.50 and gained $1.10, Grace Kennedy contributed 2,000 shares, while gaining 21 cents in trading, to close at a 52 weeks’ high of $5.70. Sagicor Financial Corporation closed with 599 shares changing hands, to end with a gain of 3 cents at $7.25 and Trinidad and Tobago NGL traded 92,544 shares changing hands for a value of $2,064,934, to end at $22.32 after rising 7 cents.
Losses| Ansa McAl traded 550 units at a 52 weeks’ low of $62.42 after falling 1 cent and Massy Holdings lost 1 cent to close at $55.25 with 1,071 shares changing hands.Firm Trades| Angostura Holdings ended with 6,000 shares changing hands to close unchanged at $13, shares, JMMB Group closed at 60 cents after trading 10,000 shares, National Enterprises closed with 1,100 shares changing hands at $10.75, Trinidad Cement 5,563 units at $3.42 and West Indian Tobacco traded 5,100 shares with a value of $644,028, to close $126.28.
JSE ends June negatively – Thursday
Two stocks closed at new highs. The junior market accounted for 383,501 shares valued at $1,786,848 of all trades.
The JSE Market Index fell 480.10 points to end at 159,717.44. The all Jamaica Composite Index lost 536.94 points to close at 177,454.23 and the JSE combined index slip 261.15 points, to end at 170,807.02.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the
Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers.At the end of market activities, Berger Paints lost 15 cents and ended at $4.30 while 11,081 units were traded, Cable & Wireless dropped 6 cents with 23,024 units traded to close at $1.18, Caribbean Cement jumped $2.40 to close at $24 after trading 407,370 units. Carreras traded 14,142 shares but slipped $1.10 to $65.40. Ciboney gained 1 cent while trading at 21 cents with 140,000 shares changing hands, 1834 Investments traded 221,434 shares to close at $1, Grace Kennedy closed at $123 with 62,637 units changing hands, Jamaica Broilers ended with 233,400 units changing hands and gained 53 cents to close at $14.75. Jamaica Producers traded 63,690 units after losing $1.10 to end at $47.99, Jamaica Stock Exchange jumped $3 to end at 52 weeks’ high of $25 while trading 3,000 shares, JMMB Group dropped 11 cents in trading 14,600 units to close at $9.72. Kingston Wharves traded 501,315 units and declined by $2.10 to close at $13.90, Mayberry Investments closed with 449,880 shares changing hands at $3.52, National Commercial Bank ended with 12,280 units changing hands with a rise of 98 cents to $43, Pan Jamaican Investment Trust gained 50 cents and traded 20,920 shares to close at $26.
Pulse Investments lost 1 cent to close at $2.54 with 14,985 shares changing hands, Radio Jamaica rose 23 cents to close with 5,899 shares changing hands at $1.63, Sagicor Group ended with 17,464 shares changing hands at $23.03, Sagicor Real Estate Fund traded 780,642 shares but fell by 3 cents to close at $10.12. Scotia Investments dropped $1.40 with 3,000 shares trading to close at $26, Supreme Ventures ended trading, with 28,302 units trading with a loss of 1 cent at $4.53. Proven Investments traded 25,174 units at 17 US cents, Proven Investments 8% preference share traded 11,300 shares at $5.
JSE rises with moderate trades – Wednesday
Two stocks closed at new highs and one in the junior market hitting a new intraday high. The junior market accounted for 1,318,717 shares valued at $3,968,524 of all trades.
The JSE Market Index climbed 632.43 points to end at 160,197.54. The all Jamaica Composite Index gained 707.31 points to close at 177,991.17 and the JSE combined index jumped 820.66 points, to end at 171,068.17.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 6 with lower offers.At the end of market activities, Berger Paints lost 5 cents and ended at $4.45 while 3,000 units were traded, Cable & Wireless dropped 1 cent with 320,996 units traded to close at $1.24, Caribbean Cement declined by 90 cents to close at $21.60 after trading 11,092 units. 1834 Investments traded 59,839 shares but lost 2 cents to close at $1, Grace Kennedy shed $1.25 to close at $123 with 11,639 units changing hands, Jamaica Broilers ended with 5,007 units changing hands, lost 28 cents to close at $14.22, JMMB Group gained 11 cents in trading 24,219 units to close at $9.83. Kingston Wharves traded 1,300 units and gained $2 to close at a 52 weeks’ closing high of $16, Montego Bay Ice jumped $1.37 to a new 52 weeks’ high of $20 with 195,400 shares were traded. National Commercial Bank ended with 17,150 units changing hands with a 1 cent gain to $42.02 at the close, 138 Student Living traded 500,000 shares with a loss of 1 cent at $4.50,
Pan Jamaican Investment Trust fell 50 cents and closed with 321,590 shares trading at $25.50. Radio Jamaica lost 28 cents and closed with 73,338 shares changing hands at $1.40, Sagicor Group ended with 42,432 shares changing hands at $23.03 after adding 2 cents, Sagicor Real Estate Fund traded 71,501 shares to close at $10.15. Scotia Group had 116,189 shares changing hands to close with a slip of 2 cents to $30.78, Scotia Investments jumped $1.40 with 16,459 shares trading to close at $27.40, Supreme Ventures ended trading, with 51,736 units at $4.54. JMMB Group 7.5% preference share traded 2,134,200 units with a rise of 2 cents at $1.05 and JMMB Group 7.25% preference share traded 17,800 shares at $2.45.
JSE down in early trading
Trading, early Tuesday morning on the Jamaica Stock Exchange continues the slow pace evident for early summer month with moderate volumes with few stocks trading over 100,000 shares. After 75 minutes of trading in the early morning session, on Tuesday, the main market indices gave up ground while the junior market gained moderately.
Only three stocks trade over 100,000 units, with 1834 Investments trading 110,958 shares at $1.02, Proven Investments 262,000 ordinary shares at 17.98 US cents, Sagicor Real Estate X Fund traded 126,843 but fell 3 cents to $10.12.
Grace Kennedy jumped $1.40 to $124.50, Montego Bay Ice jumped $2.60 to $17.50 and Scotia Investments climbed $1.70 to $27.70.
Trading resulted in activity in 23 securities, accounting for a volume of 652,351 shares compared to as 7 stocks gained and 6 declined. The average number of shares traded amounts to 28,363 units compared to an average of 83,135 units on Monday.
The all Jamaica Composite Index fell 105.04 points to 177,444.31, the Jamaica Stock Exchange Market Index dipped 93.92 points to 159,708.57 the Jamaica Stock Exchange combined index fell 63.58 to close at 170,778.93 points andthe junior market index rose 2.28 points to 2,207.89.
















