JSE ends April positively – Friday
The JSE Market Index that plummeted sharply by 2,934.82 points on Thursday, recovered just 527.92 points on Friday to end at 150,039.18. The all Jamaica Composite Index gained 590.41 points on Friday but in contrast to the drop of 3,282.21 points on Thursday as it closed at 166,630.36 and the JSE combined index that dived 2,789.11 points on Thursday enjoyed a slight increase by 94.38 points, to close at 160,357.96. The decline in the movement in the main market on Friday, breaks the four consecutive trading days that the indices gained prior to today out turn.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 21 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Berger Paints gained 10 in trading 2,472 shares at $4, Cable & Wireless lost 2 cents and closed at $1.37 in trading 349,000 units, Caribbean Cement traded 83,248 shares but the price fell $1.44 to close at $26.56, Carreras rose 50 cents while trading 16,265 shares, to close at $63. Rebranded Gleaner Company, 1834 Investments, gained 1 cent to close at 99 cents in trading 101,900 shares, Jamaica Broilers had 25,000 units changing hands, to close with a loss of 35 cents at $14.15. Jamaica Stock Exchange traded 5,000 units and declined by $1, to close at $21, Kingston Wharves traded 21,644 shares to close at $11.15, with a loss of 5 cents, Mayberry Investments traded 17,650,039 shares but fell 2 cents to close at $3.30. National Commercial Bank gained $1.20 while 180,965 shares traded, to close at $41, after the company released improved results for the March quarter, Pan Jamaican lost $1 to close at $88 with 4,860 shares changing hands. Radio Jamaica traded 94,200 shares and climbed 7 cents to close at $1.15. Sagicor Group gained 45 cents to end with 12,844 shares changing hands at $22.50, Scotia Group closed with a loss of $1, to end at $30 while 10,421 units changed hands, Supreme Ventures gained 1 cent and closed at $5.06 with 160,489 shares changing hands. Proven Investments closed with 8,677 ordinary shares trading at 20 US cents and JMMB Group 6% preference share ended with 62,630 units trading with a loss of 5 cents at $1.10.
JSE stocks make more gains – Tuesday
Trading amounted to 8,175,132 units valued at $170,455,575 changing hands, in all markets, the junior market accounting for 3,312,315 units valued at $12,515,372.
The JSE Market Index gained 227.72 points to end at 151,270.83, the all Jamaica Composite Index rose 736.09 points to 168,007.80 and the JSE combined index climbed 658.18 points, to close at 161,527.95.
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 4 with lower offers.
At the end of market activities, Berger Paints traded 14,027 units to close at $4 after rising by 10 cents, Cable & Wireless rose 2 cents to close at $1.35, in trading 500,946 units, Caribbean Cement traded 241,594 shares and fell $2 to close at $24, Carreras fell 1 cent while trading 270,430 shares, to close at $64.99. Grace Kennedy traded 1,412,488 shares with a rise of 50 cents, to end at $82, Jamaica Broilers had 46,616 units changing hands, to close with a loss of 20 cents at $14.25. National Commercial Bank rose $1 in trading 101,619 shares to close at $40, Radio Jamaica traded 74,000 shares and gained 2 cents to close at $1.20, Sagicor Group fell 35 cents to end with 193,396 shares changing hands at $22.15, Sagicor Real Estate Fund traded 16,110 shares to close at $10.25, for a rise of 25 cents. Scotia Group closed with a gain of 5 cents at $30.55 with 211,936 units changing hands, Supreme Ventures closed at $5.50 with 63,960 shares changing hands, Proven Investments ordinary share traded 4,133 units to close at 18 US cents and JMMB Group 7.5% preference shares traded 1,672,980 units at $1.04, with a fall of 2 cents.
Jamaican stocks drop again – Wednesday
The Jamaica Stock Exchange main market indices on Wednesday gave up much more than they gained on Tuesday, with losses exceeding 2.3 percent compared to more than 1.90 percent gained on Tuesday. The all Jamaica Composite and the JSE index dropped more than 1,000 points on Wednesday.
A total of 37 securities changed hands, in all market segments with 14 stocks rising while 16 declined. Trading amounted to 6,525,627 units valued at $85,157,957 changing hands, in all markets, the junior market accounting for 1,448,567 units valued at $4,853,764.
The JSE Market Index declined 1,043.10 points to end at 149,006.90, the all Jamaica Composite Index fell 1,166.58 points to 165,475 and the JSE combined index dropped 699.90 points, to close at 157,519.32.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 8 stocks with bids higher than their last selling prices and 4 with lower offers.
At the end of market activities, Barita added 42 cents with just 3,000 units changing hands to end at $3.72, Berger Paints closed at $4 after trading 26,000 shares with a gain of 50 cents, Cable & Wireless rose by 2 cents to close at $1.28, in trading 40,000 units. Caribbean Cement fell $1.89 to close at $19.11 with 3,075,900 shares changing hands, Carreras ended trading with 18,790 shares, to close at $66, Ciboney traded 461,143 shares but shed 2 cents to end at 13 cents, Grace lost 42 cents to close at $81.10 with 142,927 shares trading. Jamaica Broilers had 30,865 units changing hands, to close with a loss of 80 cents at $13.70. Jamaica Producers ended at $32 while trading 105,600 shares, JMMB Group had 22,971 shares changing hands with a loss of 38 cents to end at $9.60, Margaritaville Turks traded 138,798 shares to close at 16.5 US cents after falling 97 cents, National Commercial Bank had 8,594 shares changing hands to close at $40. Pan Jamaican Investments traded 11,500 units at $90, Radio Jamaica rose 1 cents as 710,157 shares were traded to close at $1.15, Sagicor Group fell 50 cents in ending with 854 shares changing hands to close at $22.50. Scotia Group traded just 486 shares to close at $30.30 after falling 75 cents, Supreme Ventures rose 5 cents with 11,000 shares trading to end at $5.10, Proven Investmenst closed at 17 US cents while trading 108,862 shares, and the JMMB 7.50% preference share, traded 92,200 units with a loss of 1 cent at $1.05, a 52 weeks’ low.
Jamaican$ falls again – Tuesday
Trading in the foreign exchange market resulted in the Jamaican dollar losing some more value on Tuesday against all the majors it trades with. The market closed with dealers buying the equivalent of US$29,032,584 and selling US$51,852,594, in contrast to US$53,873,364 purchased and US$48,342,459 sold on Monday.
In US dollars trading, dealers bought US$25,427,548 compared to US$49,748,240 on Monday, as the buying rate for the US dollar fell 15 cents to end at $121.54. A total of US$47,856,185 was sold versus US$46,610,741 on Monday, the selling rate rose 13 cents to $122.46. The Canadian dollar buying rate rose $1.92 to end at $94.48 with dealers buying C$1,390,937 and selling C$3,959,309, at an average rate that climbed $2.72 to $97.50. The rate for buying the British Pound rose by $2.04 to $171.55 for the purchase of £1,651,855, while £264,931 was sold, as the rate rose $1.49 to $172.79. At the end of trading, the selling rate for Euro, rose 42 cents to close at J$138.59, from Monday’s rate, according to data from Bank of Jamaica, while dealers purchased the European common currency at J$135.79 for a rise of 37 cents on Monday’s rate. The US dollar equivalent of other currencies traded, amounts to US$192,442 being bought, while US$470,505 was sold.
Highs & Lows| Notable changes to the highest and lowest rates the currencies traded at on Tuesday are, a rise of $2.45 in the lowest selling rate of the US dollar to $102.23, a fall of $1.10 in the highest buying rate for the Canadian dollar to $97.18, a rise in the highest selling rate by $1.86 to $99.92, while the highest selling rate for the British Pound rose by 86 cents to $180.90.