Jamaica Producers

Moderate JSE main market trading – Wednesday

January 16, 2019 by IC Insider.com

Main market volume contracts.

Trading on the Jamaica Stock Exchange on Wednesday, resulted in moderate fall in the two main indices, in contrast to much heavier fall on Tuesday as volume declined with the number of stocks trading, remaining high.
At the close, the All Jamaican Composite Index dropped 699.43 points to close at 408,428.53 and the JSE Index declined by 636.58 points to close at 372,130.36.
Market activity ended with 2,621,751 units valued at $79,656,335 changing hands, compared 2,621,751 units valued at $79,656,335 on Tuesday.
Mayberry Investments led trading with 1,160,774 units for 44 percent of the day’s volume, followed by Radio Jamaica with 254,622 units accounting for 9.7 percent of the volume changing hands and NCB Financial with 183,388 units and 7 percent of the day’s volume.
The main and US dollar markets, had 36 securities changing hands, with prices of 13 rising, 11 declining with 12 remaining unchanged, compared to 36 securities trading on Tuesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Wednesday with the reading showing 11 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 79,768 units valued at over $1,781,160, in contrast to 79,447 units valued at $2,413,828 on Tuesday. The average volume and value for the month to date amounts to 61,632 units valued at $1,838,617 compared to 59,744 units valued at $1,845,200, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments lost $1 to close at $50, in trading 5,246 shares, Eppley fell $1 and settled at $9, with 10,743 shares trading, Grace Kennedy climbed $2.97 in trading 56,340 shares at $59, Jamaica Broilers traded 38,148 stock units and rose by $1 to $28. Jamaica Producers added $2 to close at $23, with 7,643 shares changing hands, Kingston Properties gained 50 cents to finish at $6.50, with 500 stock units, Kingston Wharves settled at $75.00, with 51,245 units trading, PanJam Investment ended with a rise of $1 to $71, with 49,064 units changing hands. Pulse Investments rose 46 cents and concluded trading of 57,033 shares at $3.16, Sagicor Group rose by 40 cents to settle at $39.90, in trading of 51,905 shares, Scotia Group traded 7,695 shares after rising $1.49 to close at $53.99. Sterling Investments lost 44 cents and ended at $4.06, with an exchange of 70,711 shares, Sygnus Credit Investments traded 68,982 shares and gained 60 cent to close at $12 and Victoria Mutual Investments rose 44 cents and concluded trading 39,128 stock units at $3.94.
Trading in the US dollar market resulted in 14,573 units valued at $16,488 units. Preference share, Eppley 5% ended at 98 US cents trading 6,100 shares and JMMB Group 5.75% settled at US$2 with 4,860 shares. Proven Investments rose by a cent and ended trading of 3,613 units at 22 US cents. The JSE USD Equities Index rose 4.36 points to close at 166.70.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Sharp fall for JSE main market – Tuesday

January 15, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange on Tuesday, resulted in sharp fall in the two main indices with the All Jamaican Composite Index dropping 5,066.78 points to 409,127.96 and the JSE Index declining by 4,611.43 points to close at 372,766.94.
Market activity ended with 2,621,751 units valued at $79,656,335 changing hands, compared 2,167,152 units valued at $105,404,838 on Monday. JMMB Group 7.25% Preference share led trading with 500,000 units for 19.07 percent of the day’s volume, followed by Scotia Group with 358,092 units accounting for 13.66 percent of the volume changing hands and Wisynco Group with 330,358 units and 12.60 percent of the day’s volume.
The main and US dollar markets, had 36 securities changing hands, with prices of 14 rising, 12 declining with 10 remaining unchanged, compared to 33 securities trading on Monday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Tuesday with the reading showing 14 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 79,447 units valued at over $2,413,828, in contrast to 77,398 shares valued at $3,764,458 on Monday. The average volume and value for the month to date amounts to 59,744 units valued at $1,845,200 compared to 57,455 units valued at $1,771,613, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments lost $1.50 to close at $51, trading 23,291 shares, Caribbean Cement climbed $2.99 to finish at $41, with 14,363 shares changing hands, Eppley gained $1 and settled at $10, with 909 shares trading, Grace Kennedy dived $3.96 in trading 88,305 shares at $56.03, Jamaica Broilers traded 48,033 stock units and fell $1 to $27. Jamaica Producers lost $2 to close at $21, with 45,251 shares changing hands, JMMB Group lost $1.84 trading of 31,001 shares to end at $32.14, Portland JSX rose 50 cents and ended at $8, with an exchange of 27,359 units, Pulse Investments concluded trading at $2.70, with 130,066 shares, after fall by 46 cents. Sagicor Group fell 50 cents and settled at $39.50, with 38,120 shares, Salada Foods jumped $3.49 to $35, in trading with 3,590 stock units, Scotia Group traded 358,092 shares after falling $1.50 to close at $52.50. Supreme Ventures, rose 50 cents to end at $19.50, with 29,215 stock units changing hands, Victoria Mutual Investments fell 45 cents and concluded trading 30,404 stock units at $3.50 and Wisynco Group fell 37 cents and settled at $10.03, with 330,358 shares trading.
Trading in the US dollar market resulted in 180,004 units valued at $50,898 units. Preference shares Eppley 5% added 1 cent to end at 98 US cents with 3,534 shares trading and JMMB Group 5.75% settled at US$2 with 6,070 shares. Proven Investments end trading of 170,400 units at 21 US cents after inching higher by 0.09 cent. The JSE USD Equities Index lost 1.33 points to close at 162.34.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

Steady JSE main market trading – Monday

January 14, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange on Monday, resulted in 2,167,152 units valued at $105,404,838 changing hands, compared 2,798,965 units valued $103,358,114 on Friday.
The main and US dollar markets, had 31 securities changing hands, with prices of 10 rising, 11 declining with 10 remaining unchanged, compared to 33 securities trading on Friday. Shares of MPC Caribbean Clean Energy were listed on the main and US dollar markets as well as on the Trinidad Stocks exchnage on Monday. The stock closed without any trades taking place.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Monday with the reading showing 13 stocks ending with bids higher than their last selling prices and only 2 closing with lower offers.
Market activity led to the All Jamaican Composite Index in shedding 133.35 points to at 414,194.74 and the JSE Index declined 121.37 points to close at 377,378.37.
Grace Kennedy led trading with 671,073 units and 31 percent of the day’s volume, followed by NCB Financial with 287,886 units or 13.3 percent of the volume changing hands and Jamaica Broilers with 200,200 units accounting for 9.2 percent of the day’s volume.
An average of 77,398 units valued at over $3,764,458 changed hands, in contrast to 93,299 shares valued at $3,445,270 on Friday. The average volume and value for the month to date amounts to 57,455 units valued at $1,771,613 compared to 55,273 units valued at $1,525,800, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments rose $2.07 and closed at $52.50, trading 42,298 shares, Caribbean Cement declined $1.98 to finish at $38.01, with 42,235 shares changing hands, Jamaica Producers rose 50 cents to close at $23, with 11,243 shares changing hands. JMMB Group rose $1.48 and concluded trading of 60,834 shares at $33.98, Kingston Wharves gained $1.50 to end at $77, with 8,718 units changing hands. NCB Financial Group dropped $4.90 trading 287,886 shares to close at $145, PanJam Investment rose $2 to end at $72, trading 13,855 shares, Proven Investments lost $1 in trading 1,761 shares at $26, Scotia Group traded 5,800 shares after falling 99 cents to close at $54. Seprod gained $1.75 and closed at $32, trading 32,600 shares, Supreme Ventures, fell 50 cents to end at $19, with 159,190 stock units changing hands and Wisynco Group rose 34 cents and settled at $10.40, with 38,621 shares trading.
Trading in the US dollar market resulted in 64,146 units valued at $11,213 units. JMMB Group 5.75% preference share traded 1,210 units to close at US$2, Proven Investments that rose 0.09 cent in trading 25,936 units at 21 US cents and Sygnus Credit Investments traded 37,000 units at 9 US cents. The JSE USD Equities Index lost 3.19 points to close at 163.67.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Margaritaville, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

PE expansion highly likely in 2019

January 14, 2019 by IC Insider.com

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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. The Junior Market is currently guided by an upward rising long-term support line, pointing to more gains ahead.
The market is also supported by a golden cross. The golden cross is a strong bullish long-term signal. The market needs the fuel of rising profits.
Profit performance, in 2018 was mixed, but helped move some stocks higher, falling interest rates however, pushed up PE ratios to 16.5 times 2018 earnings by year end, up from 14 at the end of 2017. PE ratios on average are set to rise above current levels toward 20 in 2019. The Junior Market has 10 stocks and the main market has 6, trading around and above this level. Investors seem more at ease with higher PE ratio than in the past, with interest rates now around 2 percent and economic stability now in the system.
Local economic performance should have a positive impact on profit of most companies as demand grows in the system from greater employment that is expected to continue growing in 2019 as well as increased disposable income.
Nine IPOs made it to the market in the year with three in December, giving investors more investment choices than in 2017, with even more to come in 2019. ICreate will be the first IPO in 2019, but that is a new company, then Wigton Wind Farm’s IPO will be launched early 2019, but it is not one for all investors, as it is mainly an income play. However,

Junior Market stocks should out perform JSE main market stocks in 2019

there are others, namely, a central Jamaica manufacturing entity with a strong export base, the possibility of a paint company plus one in the BPO sector. IC Insider.com gathers that there are at least another three IPOs, that should make it to the market this year, but the Jamaica Stock Exchange is expecting 21 new listings for the year, including preference shares.
Business mergers and acquisitions are likely as some companies shed smaller segments of their operations and others, getting together for greater economies of scale. Stocks comprise different features. Growth plays an important role in many stock selections; examples are Access Financial Services, Elite Diagnostic, Fontana, Derrimon Trading, Jamaica Producers, Kingston Wharves, NCB Financial, PanJam Investment, Paramount Trading, as they grow by acquisition and expansion of current facilities. Carreras is a value play with good dividend yield along with Grace Kennedy.

Filed Under: Feature Stories, Investment 2024, Stock Market 2019 Tagged With: Carreras, Derrimon Trading, Elite Diagnostic, Emerging market stocks, Fontana, Grace Kennedy, Jamaica Producers, Jamaica Stock Exchange, junior market, Kingston Wharves, NCB Financial, PANJAM Investment, Paramount Trading

Aggressive growth stocks pay big

January 13, 2019 by IC Insider.com

Stocks of companies that have the potential for active expansions, are likely to do better than those companies relying mainly on agronomic growth.
Investors in these aggressive growth companies may well enjoy slower growth in the early years of a large expansion, but pick up explosive growth in the latter stage of the investment cycle. Smaller companies in strong growth cycle are likely to do better than large companies unless the latter makes a really big expansion.
Listed companies with aggressive growth based on actual or planned expansion are: main market stocks – NCB Financial, Barita Investments, PanJam Investment, Jamaica Broilers, Jamaica Producers, Kingston Wharves, Proven Investments and Seprod. Others in the main market to have above average growth include Jamaica Stock Exchange due to continued new listings and increase in the number of investors coming to the market. Caribbean Cement, who have completed an upgrading of the plant in 2018, Palace Amusement with expansion into Portmore with a new cinema house comprising 4 separate cinemas and Wisynco Group that continues to focus on expanding its range of products either to manufacture or distribute for third parties are three that offer above average growth prospects.
In the Junior Market- Access Financial, Derrimon Trading, Elite Diagnostic, Eppley, Express Catering, Fontana, Indies Pharma, Jamaican Teas, Knutsford Express, Lasco Financial, Lasco Manufacturing, Medical Disposables and Paramount Trading,
Cargo Handlers may not be an aggressive growth company but it has amassed a good pool of cash that will allow it to expand by acquisitions if the directors so desire.

Filed Under: Buy Rated, Investment 2024, Stock Market 2019 Tagged With: Access Financial, Barita Investments, Derrimon Trading, Elite Diagnostic, Eppley, Express Catering, Fontana, Indies Pharma, Jamaica Broilers, Jamaica Producers, Jamaican Teas, Kingston Wharves, Knutsford Express, Lasco Financial, Lasco Manufacturing, Medical Disposables, NCB Financial, PANJAM Investment, Paramount Trading, Proven Investments, Seprod

JSE trading picks up Friday

January 11, 2019 by IC Insider.com

Trading picked up further on the Jamaica Stock Exchange on Friday, with 2,798,965 units valued $103,358,114 compared 3,487,141 units valued at $63,034,296 changing hands on Thursday.
The main and US dollar markets, had 33 securities changing hands, with prices of 7 rising, 16 declining with 10 remaining unchanged, compared to 32 securities trading on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Monday with the reading showing 17 stocks ending with bids higher than their last selling prices and only 1 closing with a lower offer.
Market activity led to the All Jamaican Composite Index climbed 1,774.48 points to 414,328.09 and the JSE Index advanced by 1,616.75 points to close at 377,499.74.
Scotia Group led trading with 551,291 units and 19.70 percent of the day’s volume, followed by Seprod with 442,081 units or 15.8 percent of the volume changing hands and Grace Kennedy with 367,707 units with units accounting for 13.14 percent of the day’s volume.
An average of 93,299 units valued at over $3,445,270, in contrast to 120,246 shares valued at $2,173,596 on Thursday. The average volume and value for the month to date amounts to 55,273 units valued at $1,525,800 compared to 50,226 units valued at $1,233,495, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments shed $1.07 and closed at $50.43, with just 510 shares traded, Jamaica Broilers lost $1 and finished trading at $28, with 35,857 units, Jamaica Producers rose $1.50 to close at $22.50, with 1,536 shares changing hands. JMMB Group lost $1.48 and concluded trading of 8,480 shares at $32.50, Kingston Wharves dropped $1.95 to $75.50, with 807 units changing hands. PanJam Investment declined 50 cents to end at $70, trading 39,228 shares, Sagicor Real Estate Fund shed 95 cents, while trading 52,515 shares, to close at $10.05, Salada Foods traded 11,964 units at $31.51. Scotia Group traded 551,291 shares after gaining $2.98 to close at $54.99, Seprod gained 25 cents and closed at $30.25, trading 442,081 shares, Stanley Motta traded 12,700 shares, but fell 75 cents to end at $4.25 and Supreme Ventures, gained 50 cents to end at $19.50, with 17,332 stock units changing hands.
Trading in the US dollar market resulted in 40,984 units valued at $43,283 units. JMMB Group 6% preference shares traded 24,139 units to close at $1.05, followed by and JMMB Group 5.75% preference share traded 8,000 units to close at US$2 and Proven Investments that rose 0.1 cent in trading 8,845 units at 21.90 US cents after falling 0.01 cent. The JSE USD Equities Index was unchanged at the close at 166.86.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE trading remains subdued Wednesday

January 9, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange closed Wednesday with modest losses in the market indices, as trading levels remained below normal.
At the close of trading, the All Jamaican Composite Index lost 361.86 points to end at 412,470.47 and the JSE Index declined by 329.70 points to close at 375,807.24.
Main market trading ended with 1,683,322 units valued at $37,751,520, compared to 1,496,686 units valued at $31,571,688 changing hands on Wednesday.
The main and US dollar markets, had 31 securities changing hands, with prices of 11 rising, 9 declining with 10 remaining unchanged, compared to 27 securities trading on Wednesday.
Sagicor Real Estate Fund led trading with 507,100 units and 30.1 percent of the day’s volume, followed by JMMB Group 7.25% preference shares with 265,000 units or 15.74 percent of the volume changing hands and Barita Investments with 101,743 units accounting for 6 percent of the day’s volume.
An average of 60,119 units valued at over $1,348,269, in contrast to 55,433 shares valued at $1,169,322 on Tuesday. The average volume and value for the month to date amounts to 39,918 units valued at $1,071,215 compared to 44,147 units valued at $1,258,519, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments gained $2 and closed at $50, with 101,743 shares traded, Caribbean Cement fell $1 and finished at $40 while trading 2,700 shares, Grace Kennedy added $2 trading 5,850 stock units at $63, Jamaica Producers dropped $1.45 to close at $20.05, with 55,372 shares changing hands. JMMB Group jumped $3.19 to conclude trading of 47,251 shares at $33.99, Mayberry Investments rose 40 cents and ended trading of 2,500 shares at $9.40, Mayberry Jamaican Equities rose 45 cents trading with 26,352 shares, at $9.55, NCB Financial Group gained 50 cents in trading 82,269 shares at $149. Sagicor Group lost 98 cents trading 40,721 units to close at $39, Sagicor Real Estate Fund gained 66 cents and ended trading 507,100 shares at $11.66, Scotia Group traded 80,355 shares after declining 50 cents to close at $54. Seprod fell by $1 and ended at $30, with 8,245 shares trading and Supreme Ventures concluded trading at $19, with 5,620 stock units changing hands after climbing by 51 cents.
Trading in the US dollar market resulted in 36,500 units valued at $53,052. JMMB Group 5.75% preference shares traded 25,000 units in closing at US$2, JMMB Group 6% preference shares traded 650 units after falling 1 cents to close at $1.04, followed by Proven Investments that rose 0.5 cents in trading 10,850 units at 22 US cents. The JSE USD Equities Index advanced by 4.40 points to close at 166.86.

JSE suffer losses on Tuesday

January 8, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange closed Tuesday with losses in the market indices as trading levels remain modest.
At the close of trading, the All Jamaican Composite Index lost 622.31 points to close at 412,832.33 and the JSE Index declined by 566.99 points to close at 376,136.94.
Main market trading ended with 1,496,686 units valued at $31,571,688 compared to 1,668,337 the units valued at $33,203,631 changing hands on Monday.
The main and US dollar markets, had 27 securities changing hands, with prices of 7 rising, 8 declining with 12 remaining unchanged, compared to 31 securities trading on Monday.
Wisynco Group led trading with just 438,832 units and 29.3 percent of the day’s volume, followed by Carreras with 319,764 units or 21.4 percent of the volume changing hands and Scotia group with 157,500 units accounting for 10.5 percent of the day’s volume.
An average of 55,433 units valued at over $1,169,322, in contrast to 57,529 units valued at $1,144,953 on Monday. The average volume and value for the month to date amounts to 44,147 units valued at $1,258,519 compared to 41,450 units valued at $979,123, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments lost $2.99 and closed at $48, with 33,604 shares traded, Caribbean Cement fell $1 and finished at $41 trading 1,487 shares, Grace Kennedy dropped $2 trading 17,309 stock units at $61, Jamaica Broilers lost $1 and finished trading 5,744 units at $28. Jamaica Producers climbed $1.44 and closed at $21.50, with 22,094 shares changing hands, Jamaica Stock Exchange added 57 cents in closing at $10.77 after trading 106,887 shares, JMMB Group dived $3.19 to conclude trading of 26,387 shares at $30.80, NCB Financial Group gained 50 cents in trading 45,234 shares at $148.50. Salada Foods rose 50 cents trading with 990 units to close at $32.50, Scotia Group traded 157,500 shares after declining 50 cents to close at $54.50, Sterling Investments gained 40 cents and ended at $4.50, with 49,495 shares trading and Supreme Ventures concluded trading at $18.49, with 66,220 stock units changing hands after climbing by 99 cents. There was no trading in the US dollar market on Tuesday.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE rise in modest trading on Monday

January 7, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange closed Monday with gains in the market indices of just over 600 points but with modest traded volume, valued just less than $34 million.
At the close of trading, the All Jamaican Composite Index gained 662.75 points to 413,454.64 and the JSE Index advanced by 603.84 points to close at 376,703.93.
Main market trading ended with 1,668,337 the units valued at $33,203,631 compared to 1,056,249 units valued at $28,629,116 changing hands on Friday.
The main and US dollar markets, had 31 securities changing hands, with prices of 9 rising, 10 declining with 12 remaining unchanged, compared to 30 securities trading on Friday.
Victoria Mutual Investments led trading with just 334,162 units and 20 percent of the day’s volume, followed by Jamaica Broiler with 213,800 units or 12.8 percent of the volume changing hands and WISYNCO Group with 192,623 units accounting for 11.6 percent of the day’s volume.
An average of 57,529 units valued at $1,144,953, in contrast to 39,120 units valued at $1,060,338 on Friday. The average volume and value for the month to date amounts to 41,450 units valued at $979,123 compared to 35,899 units valued at $921,873, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Jamaica Producers dropped $2.94 and closed at $20.06, with 48,527 shares changing hands, Jamaica Stock Exchange shed 55 cents in closing at $10.20 after trading 106,887 shares. JMMB Group rose 99 cents to conclude trading of 31,710 shares at $33.99, NCB Financial Group dropped $1.90 in trading 31,989 shares at $148, Proven Investments traded 13,400 stock units rising by $1 to close at $27. Pulse Investments finished with a rise of 35 cents to close at $3.20, trading 82,750 shares, Sagicor Real Estate Fund fell $1 after trading 13,400 shares to end at $11. Salada Foods rose 50 cents trading with 336 units to close at $32, Scotia Group traded 83,527 shares after rising $1 to close at $55, Seprod rose 70 cents to close at $31, with 23,179 shares changing hands and Stanley Motta lost 34 cents and ended at $5, with 15,376 shares changing hands.
Trading in the US dollar market amounted to 67,971 units valued at $16,007. Eppley 5% preference share ended at 97 cents with 2,466 shares trading and Proven Investments traded 65,505 stock units and rose 0.5 cent to 21.5 US cents. The JSE USD Equities Index advanced by 1.90 points to close at 162.46.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group

JSE falls in late trading on Friday

January 4, 2019 by IC Insider.com

Trading on the Jamaica Stock Exchange, got off to a very late start on Friday with the trading platform in all three territories of Barbados, Trinidad and Jamaica being down until late in the afternoon.
The main and US dollar markets, had 30 securities changing hands with prices of 9 rising, 9 declining with 12 remaining unchanged, compared to 32 securities trading on Thursday.
At the close of trading, the All Jamaican Composite Index dived 4,996.25 points to 412,791.89 and the JSE Index dropped 4,552.15 points to close at 376,100.09.
Trading ended with 1,056,249 units valued at $28,629,116 compared to 1,104,557 units valued at $29,738,314 changing hands on Thursday.
WISYNCO Group led trading with just 156,244 units and 14.8 percent of the day’s volume, followed by Carreras with 155,620 units or 14.7 percent of the volume changing hands and Scotia Group with 139,095 units accounting for 13.2 percent of the day’s volume.
An average of 39,120 units valued at $1,060,338, in contrast to 36,819 shares valued at $991,277 on Thursday. The average volume and value for the month to date amounts to 35,899 units valued at $921,873 compared to 34,373 units valued at $856,284, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments fell $3.20 and closed at $51, with 43,500 shares changing hands, Jamaica Stock Exchange gained 25 cents in closing at $10.75 after 18,112 shares were traded. JMMB Group fell 99 cents to conclude trading of 28,159 shares at $33, Kingston Wharves rose 50 cents, finishing trading of 45,491 stock units at $75, NCB Financial Group rose 40 cents in trading 35,433 shares at $149.90, Proven Investments traded 7,100 stock units but fell 40 cents to close at $26. Sagicor Real Estate Fund declined by 75 cents after trading 2,517 shares to end at $12. Scotia Group traded 139,095 shares after falling $2 to close at $54, Seprod rose 30 cents to close at $30.30, with 21,292 shares changing hands and Sterling Investments gained 30 cents and ended at $4, with 73,017 shares changing hands.
Trading in the US dollar market amounted to 185,049 units valued at $30,410. Eppley lost 3 cents and ended at a 52 weeks’ low of 97 cents with 534 shares trading, Proven Investments traded 111,515 stock units and lost 0.5 cent to 21 US cents and Sygnus Credit Investments Jamaica dollar denominated shares traded 67,000 units at 9 US cents. The JSE USD Equities Index fell 4.71 points to close at 160.56.