Another down day for JSE – Friday

The Jamaica Stock Exchange main market closed lower on Friday with JSE All Jamaican Composite Index falling by 795.98 points to 453,102.99 and the JSE Index declined by 723.33 points to 412,740.30.
At the close market activity, the main and US markets had 38 securities traded, compared to 32 on Thursday leading to 12 advancing, 14 declining and 1 closing unchanged.
Trading closed with 2,765,705 units valued $90,660,891 changing hands, compared to 1,977,854 units for $90,864,188 trading on Thursday and the JSE All Jamaican Composite Index lost 1,047.74 points to close 453,898.97 and the JSE Index declined by 952.11 points to end at 413,463.63.
Trading ended with an average of 81,344 units valued at an average of $2,666,497 for each security traded. In contrast to 59,935 units for an average of $2,753,460 on Thursday. The average volume and value for the month to date amounts to 130,615 units valued at $11,557,578 and previously, 137,805 units valued at $13,039,425. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Barita Investments led trading with 549,795 shares accounting for 20 percent of total main market volume, followed by Sagicor Group with 440,087 shares, and 16 percent of the day’s trades and Pulse Investments closed with 281,094 shares for 10 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 3 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments rose $1.50 and closed at $44.50, with 549,795 shares, Caribbean Cement fell 50 cents to finish at $80, with 43,369 shares changing hands, Eppley gained 98 cents and settled at $12.98, with 205 shares trading, Grace Kennedy gained 30 cents and ended trading of 30,704 shares at $61.10. Jamaica Producers gained 50 cents in trading 1,592 shares to close at $24. PanJam Investment concluded trading of 11,623 shares and lost $1 to end at $90, Scotia Group  traded 109,267 units after rising 69 cents in closing at $50.99, Supreme Ventures  finished with a rise of $2 to close at a 52 weeks’ high of at $33, with 70,840 shares. Sygnus Credit Investments lost 40 cents to close at $12 with an exchange of 53,679 shares and Wisynco Group ended trading of 269,465 shares with a rise of 35 cents to end at $14.90.
Trading in the US dollar market ended with 53,175 units valued at over US$5,496, with JMMB Group  6% preference share concluded trading 490 units at $1.05,  Proven Investments closed trading with 950 units in closing at 23.99 US cents and Sygnus Credit Investments  lost 1 cent and completed trading of 51,736 shares at 9 US cents. The JSE USD Equities Index rose 0.66 points to close at 182.22.

Record JSE run ends – Thursday

After 8 consecutive days of record close, the Jamaica Stock Exchange main market ended down on Thursday, along with a sharp decline in volume traded, compared to Wednesday’s level.
At the close market activity, the main and US markets had 38 securities traded, compared to 32 on Wednesday leading to 10 advancing, 14 declining and 14 closing unchanged. The JSE All Jamaican Composite Index lost 1,047.74 points to close 453,898.97 and the JSE Index declined by 952.11 points to end at 413,463.63.
Trading closed with 1,977,854 units for $90,864,188 changing hands, compared to the big trade on Wednesday of 15,196,273 units at $1,961,044,771, boosted by a 12.6 million NCB Financial shares.
Trading ended with an average of 59,935 units valued $2,753,460, in contrast to 506,542 shares valued at $65,368,159 on Wednesday. The average volume and value for the month to date amounts to 137,805 units valued at $13,039,425 and previously, 150,653 units valued at $15,024,436. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Wisynco Group led trading with 421,521 shares accounting for 21 percent of total main market volume, followed by NCB Financial Group with 382,188 shares, and 19 percent of the day’s trades and Carreras closed with 291,685 shares for 15 percent of volume traded. IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments lost $1.45 and closed at $43, trading 8,756 shares, Caribbean Cement rose 49 cents to finish at $80.50, with 46,077 shares changing hands, Grace Kennedy lost 70 cents and ended trading of 55,186 shares at $60.80, Jamaica Broilers traded 28,735 shares after falling $2.28 to close at $31.71. Jamaica Producers gained $1.29 in trading 24,716 shares to close at $23.50, Kingston Wharves lost $1 trading 1,979 shares in closing at $70, Mayberry Investments dropped $1.01 to end trading of 3,022 shares, at $8.49, Mayberry Jamaican Equities shed 49 cents trading 29,389 shares at $10.01, NCB Financial Group lost $2.96 trading 382,188 shares to close at $147.05. PanJam Investment concluded trading of 2,800 shares and gained $1 to end at a record closing high of $91, Pulse Investments concluded trading at $2.50, with 281,094 shares, Sagicor Group declined $1 to end at $47 trading 44,572 stock units, Salada Foods lost 99 cents to end at $31.01 after trading 2,060 shares. Scotia Group  traded 9,476 units and lost 70 cents in closing at $50.30,  Seprod declined 46 cents trading 122,514 shares to close at $44.05, Supreme Ventures  finished with a rise of $1 to close at a 52 weeks’ high of at $31, with 158,160 shares. Sygnus Credit Investments lost 58 cents to close at $12.40 with an exchange of 7,200 shares and Wisynco Group ended trading with 421,521 shares with a rise of 30 cents to end at $14.55.
Trading in the US dollar market ended with 36,316 units valued at over US$22,506 with JMMB Group  6% preference share concluded trading 19,000 units at $1.05, Margaritaville  completed trading of 343 shares at 25 US cents.  Productivity Business  rose 1 cent to close at 60 us cents with 863 stock units trading and Proven Investments closed trading with 2,510 units in closing at 24 US cents. The JSE USD Equities Index fell 0.76 points to close at 181.56.

Another record day for JSE– Wednesday

Supreme Ventures traded at new high of $30.50 on Wednesday.

The Jamaica Stock Exchange main market ended trading on Wednesday, with JSE All Jamaican Composite Index jumped 1,807.25 points to record close of 454,946.71 and the JSE Index advanced by 1,642.30 points to a record closing high of 414,415.74.
At the close market activity, The main and US markets had 32 securities traded, compared to 29 on Tuesday leading to 12 advancing, 14 declining and 6 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
Market activity on the main market closed with, 15,196,273 units valued $1,961,044,771 changing hands, compared to 2,768,443 units valued $89,385,777 trading on Tuesday.
Trading ended with an average of 506,542 units for $65,368,159, in contrast to 98,873 shares valued at $3,192,349 on Tuesday. The average volume and value for the month to date amounts to 150,653 units valued at $15,024,436 and previously, 105,917 units valued at $5,288,120. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
NCB Financial Group led trading with 12.6 million shares accounting for 83 percent of total main market volume, followed by Supreme Ventures with 530,233 shares, and 3.5 percent of the day’s trades and JMMB Group closed with 506,705 shares for 3 percent of volume traded.
In main market activity, Caribbean Cement fell 99 cents to finish at $80.01, with 24,627 shares changing hands, Eppley gained $1 in settling at $12, with an exchange of 2,569 shares. Grace Kennedy rose 50 cents and ended trading 31,171 shares at $61.10, Jamaica Broilers traded 15,746 shares after rising $1.99 to close at $33.99, Jamaica Producers lost 79 cents in trading 162,356 shares to close at $22.21. JMMB Group  added $2 trading 56,642 shares in closing at $34,  Mayberry Investments  rose 25 cents to end trading of 112,194 shares at $9.50, Mayberry Jamaican Equities  shed 80 cents trading 59,107 shares at $10.50, NCB Financial Group  climbed $3, in trading 12,616,011 shares, to close at $150.01. PanJam Investment  concluded trading of 3,287 shares and gained 50 cents to end at $90, after trading at a record high of $100, Sagicor Group  gained $1 to end at $48 trading 42,680 stock units, Salada Foods rose 99 cents to end at $32 after trading 140 shares and Seprod declined 49 cents trading 23,101 shares to close at $44.51.
Trading in the US dollar market ended with  JMMB Group  5.75% preference share losing 10 cents and ended at $2 in an exchange of 15,000 shares and Proven Investments closed trading with 1,809 units and closed at 24 US cents. The JSE USD Equities Index closed 2.15 points higher to 182.32.

Jamaica Producer’s appetite for acquisitions

Jamaica Producers sale of 30 percent of JP Snacks Caribbean, for  $720 million add to the group’s cash pile for the Group bringing it to just over $6 billion.
The total amount of financial resources provide good ammunition to undertake a sizeable acquisition, locally or overseas.
In an exclusive interview with Jamaica Producers’ Managing director, Jeffrey Hall, IC Insider.com gleaned that the group has a number of plans under its belt. Hall stated that all their businesses are doing well, but The Group is looking growth opportunities in infrastructure and Manufacturing. The low cost of and abundance of local capital is opening up possibilities for local businesses not seen for a long time, Hall stated. However, the group is not about to take on just about any business.
Tortuga International Holdings Company 62 percent subsidiary of Jamaica Producers is one such acquisition the group did a few years ago. The company manufactures the rum cake for sale with the main target being the overseas residents. The company produces rum cake in Jamaica for all the markets except Cayman suffered a fall in revenues in 2018. Tortuga International had revenues of $879 million in 2018, down from $907 million in 2017, according to the group’s audited accounts. Hall attributes the decline to the effects that hurricanes in the region on tourism traffic to some countries within the region.
“Tortuga will launch Mamajuana Rum Cake in the Dominican Republic in the second quarter of 2019 and Vanilla Rum Cake un Mexico in the third quarter of the year Hall told IC Insider.com.  
Producers delivered $816 million profit for shareholders of the group up from $662 million in 2017 from a 21 percent increase in revenues to $19.6 billion compared to $16.2 billion in 2017, at the same time gross profit rose below the increase in revenues at 16.4 percent. Segment results show JP Foods and Drinks division revenues rising 29 percent to $11.3 billion from $8.8 billion in 2017 and delivered segment profit that rose 36 percent to $378 million while the logistic segment comprising mainly Kingston Wharves grew revenues 11 percent to $8.3 billion for a 26 percent rise in profit $2.7 billion.

 

More records shattered at JSE– Tuesday

The Jamaica Stock Exchange main market ended trading on Tuesday, with both main market indices jumping more than 3,900 points to end at record closing highs.
Trading closed with JSE All Jamaican Composite Index surging 4,326.90 points to 453,139.46 and the JSE Index jumped 3,931.98 points to a record closing high of 412,773.44.
At the close market activity, The main and US markets had 29 securities traded, compared to 30 on Monday leading to 14 advancing, 9 declining and 6 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 4 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
Market activity on the main market ended with, 2,768,443 units valued $89,385,777 changing hands, compared to 1,986,337 units with a value of $46,516,263 trading on Monday.
Market activity ended with an average of 98,873 units valued at $3,192,349, in contrast to 68,494 shares valued at $1,604,009 on Monday. The average volume and value for the month to date amounts to 105,917 units valued at $5,288,120 and previously, 121,185 units valued at $5,621,806. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Supreme Ventures led trading with 812,464 shares accounting for 29 percent of total main market volume, followed by Wisynco Group with 518,941 shares, and 19 percent of the day’s trades and Seprod closed with 331,163 shares for 12 percent of volume traded.
In main market activity, Barita Investments rose by $1.50 to close at $44.50, trading 4,905 shares, Caribbean Cement rose $2.20 to finish at $81, with 2,959 shares changing hands, Jamaica Broilers traded 5,789 shares after rising $1 to close at $32, Jamaica Producers gained 40 cents in trading 16,173 shares at $23. JMMB Group added $2 trading 56,642 shares in closing at $34, Mayberry Investments recovered 46 cents it lost on Monday to end trading of 11,225 shares at $9.25, Mayberry Jamaican Equities gained 30 cents trading 19,227 shares at $11.30, NCB Financial Group dropped $1.49 trading 213,612 shares to close at $147.01. PanJam Investment concluded trading 3,648 shares and lost 50 cents to end at $89.50, Pulse Investments traded 22,000 and rose 65 cents in closing at $3.15, Sagicor Group gained $1.50 to end at $47 trading of 24,788 stock units, Sagicor Real Estate Fund rose $1.50 to end at $10 after trading 11,725 shares. Scotia Group gained 30 cents trading 12,210 shares to close at $51.05. Stanley Motta lost 30 cents in trading 1,172 shares in closing at $5, Supreme Ventures jumped 50 cents and finished at $30, with 812,464 units changing hands, Sygnus Credit Investments climbed $1 with 4,820 units trading, to end at $13 and Wisynco Group lost 30 cents trading 518,941 shares at $14.20.
Trading in the US dollar market ended with JMMB Group 6% preference share declining 4 cents trading 11,440 units and closed at US$1.05. The JSE USD Equities Index closed unchanged at 180.17.

More records for JSE– Monday

New record high for the JSE main market.

The Jamaica Stock Exchange main market ended trading on Monday, with both main market indices ending at record closing highs.
When trading ended, the JSE All Jamaican Composite Index advanced 1,060.87 points to a new record close of 448,812.56 and the JSE Index rose 964.04 to a record of close of 408,841.46.
The main and US markets had 30 securities traded, compared to 34 on Monday leading to 10 advancing, 10 declining and 10 closing unchanged. At the end of trading, Jamaica Stock Exchange rose to a record high of $20.10 and Wisynco Group ended at a new record close of $14.50.
Market activity on the main market ended with, 1,986,337 units with a value of$46,516,263 changing hands, compared to 3,479,279 units valued $204,145,954 trading on Friday.
Supreme Ventures led trading with just 328,380 shares accounting for 17 percent of total main market volume, followed by Pulse Investments with 251,500 shares, and 16.5 percent of the day’s trades and Wisynco Group closed with 230,731 shares for 11.6 percent of volume traded.
Market activity ended with an average of 68,494 units valued at an average of $1,604,009 for each security traded. In contrast to 119,975 units valued at an average of $7,039,516 on Friday. The average volume and value for the month to date amounts to 107,663 units valued at $4,590,690 and previously, 121,185 units valued at $5,621,806. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Caribbean Cement lost $1.20 to finish at $78.80, with 10,994 shares changing hands, Jamaica Broilers traded 103,019 shares after rising $1 to close at $31, Jamaica Producers gained 59 cents in trading 2,081 shares at $22.60, JMMB Group lost $2 trading 21,639 shares in closing at $32. Mayberry Investments lost 46 cents to end trading of 11,372 shares at $8.79, Mayberry Jamaican Equities lost 40 cents trading 185,289 shares at $11, NCB Financial Group rose $1.50 in trading 104,939 shares to close at $148.50, Proven Investments traded 8,300 and lost $1 in closing at $31. Sagicor Group lost 80 cents to end trading of 22,286 stock units at $45.70, Sagicor Real Estate Fund lost $1.55 to end at $8.50 after trading 62,275 shares, Scotia Group declined by $2.25 in trading 42,276 shares to close at $50.75. Stanley Motta rose 75 cents in trading 35,235 shares to close $5.30, Supreme Ventures jumped $3 and finished at $29.50, with 328,380 units changing hands and Sygnus Credit Investments lost 50 cents with 17,125 units trading, to end at $12.
Trading in the US dollar market ended with 15,200 units valued $3,561 with Proven Investments ng the sole stock traded and closed at 24 US cents The JSE USD Equities Index gained 0.08 points to close at 180.17.

Watch NCB but Cement not finished

NCB the top stock to watch following inforamtion that they got go ahead to acquire Guardian Holdings majority shares.

NCB Financial is the main stock to watch this week with group having sealed the deal for majority shares in Guardian Holdings but Caribbean Cement (CC) is still in the stock to watch list. 
Fresh from posting record first quarter profit of $1.13 billion or $1.33 per share, from only $348 million in 2018, the shares of CC started right out of the blocks on Monday gone, with a jump of $13.87 to $77.99 and moved higher thereafter during the week.
Cement now sits at $80 and should move higher in the weeks ahead with potential earnings of $7 per share for 2019. The stock price reached $100 briefly during the past week. NCB Financial Group came in for increased buying with the announcement of approval granted for the group to acquire majority shares in the Trinidad based Guardian Holdings, thus returning it to it Jamaican roots. Guardian was previously majority by Mutual Life but the majority shares were sold to Trinidadians, when Guardian had cash flow problems in the 1990s.
Sagicor Group moved up from $44 at the start of the week to close at $46.50 and should move higher with 2018 results showing gains and pointing to a brighter 2019. Wisynco traded as high as $15 during the past week but some selling came in leaving the stock at $14.40 at the close on Friday. The stock is selling at 15 times projected earnings for the for the fiscal year to June 2019, but with strong earnings

Grace Kennedy could suprise.

growth investors could still pile into the stock in anticipation of greater profits in the 2020 fiscal year.  RJR and Seprod remain attractive buys and continue on the watch list along with Barita Investments that posted very strong second quarter results. More company results should be flowing this week and investors should be watchful for their release to identify any important message of future earnings. Other stocks of interest in the main market, include Berger Paints, Grace, Jamaica Producers, Jamaica Stock Exchange and PanJam Investment that seems headed to $100, with very few stocks on offer for sale.
The Junior Market rose last week as it starts the recovery from the impact that the recently closed Wigton IPO had on the market. At its recently held annual general meeting, Honey Bun directors pointed to continued improved revenues, created by expansion of the factory providing added capacity

SOS anticipates maximising profits from every business line in 2019.

to meet demand for their products, resulting from the expansion and new products lined up to come. Stationery and Office Supplies released their annual report with the directors stating that the outlook for 2019 and beyond is positive, given the increase in business and consumer confidence locally and regionally. “The economy is continuing to show positive signs with increased foreign and local investment in the island, particularly in the business outsourcing sector. For the export market, we are supplying a project in Barbados during the first quarter of 2019, and have another project planned for the second quarter in 2019.

Honey Bun should be watched.

We anticipate to realise at least six containers of exported products during the year including both the SEEK products and our lines of Torch and Image furniture.  With the purchase of SEEK and six months of learning, planning and making adjustments, we now anticipate maximising profits from every business line in 2019.”
Fontana came in for increased buying this past week with trading as high as $4.20 with supply of the stocks declining, General Accident saw improved results last year and this should continue into 2019 but the company is scheduled to release results for quarter one, next week.  tTech grew revenues 30 percent in 2018 and 28 percent in the December quarter. More growth is expected for 2019 to boost profit for the year. Derrimon Trading took over the distribution of of Juiciful, Busta and other products for Trinidad-owned SM Jaleel & Company and acquired Woodcats International, late last year. First quarter results should show above normal increase in revenues as a result of the acquisitions in 2018. It will be interesting to see how the new lines, impact first quarter profit.

More JSE records shattered – Friday

More records were shattered on another record breaking day, on the Jamaica Stock Exchange main market on Friday, with both main market indices ending at new highs, for five consecutive days.
Trading ended with the fifth with a new record close for the year at 447,751.69 on the JSE All Jamaican Composite Index after climbing 2,819.84 points and the JSE Index advanced to a record of close of 407,877.42 with 2,562.47 points gain.
The main and US markets had 34 securities traded, compared to 33 on Thursday leading to 16 advancing, 10 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20.02, PanJam Investment ended at a new closing high of $90 and Wisynco Group ended at a new record close of $14.40.
Market activity on the main market ended with 3,479,279 units valued $204,145,954, changing hands, compared to 2,986,488 units valued $110,422,118 trading on Thursday.
NCB Financial led trading with 1.03 million shares accounting for 30 percent of total main market volume, followed by Victoria Mutual Investments with 674,362 shares, and 19 percent of the day’s trades and Scotia Group closed with 514,622 shares for 15 percent of volume traded.
Market activity ended with an average of 119,975 units valued at an average of $7,039,516 for each security traded. In contrast to 102,982 units for an average of $3,807,659 on Thursday. The average volume and value for the month to date amounts to 121,185 units valued at $5,621,806 and previously, 121,824 units valued at $4,874,287. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments jumped $2.99 to close at $43, with an exchange of 7,698 shares, Berger Paints fell $1 to end at $20, with an exchange of 7,770 stock units, Caribbean Cement lost $4 to finish at $80, with 30,433 shares changing hands, Grace Kennedy traded 17,149 stock units and rose $1 to $61. JMMB Group gained 60 cents trading 184,023 shares in closing at $34, Mayberry Investments rose $1.25 to end trading of a mere 210 shares at $9.25, NCB Financial Group rose $2.15 in trading 1,033,816 shares to close at $147, Sagicor Group added $1 to end trading 59,341 stock units at $46.50, with. Scotia Group gained $2.50 in trading 514,622 shares to close at $53, Seprod rose $2.50 in trading 15,959 shares to close $46, Supreme Ventures fell 50 cents and finished at $26.50, with 20,995 units changing hands and Sygnus Credit Investments rose 87 cents with 17,243 units trading, to end at $12.50.
Trading in the US dollar market ended with 50,570 units valued at $12,735. JMMB Group 5.5% preference share traded 3,000 shares at US$2, JMMB Group finished rose by 5 cents to ended at US$2.10 trading 1,556 shares, Proven Investments traded 850 shares and gained 1 cent, to close at 24 US cents and Sygnus Credit Investments traded 25,760 units to end at 10 US cents. The JSE USD Equities Index gained 1.10 points to close at 180.09.

4 days of record close for JSE stocks

New ecord close for JSE main market on Thursday

The Jamaica Stock Exchange main market, ended at the fourth new closing high for the week, with the All Jamaican Composite Index rising 980.45 points to 444,931.85 and the JSE Index advancing 890.96 points to 405,314.95.
The main and US markets had 33 securities traded, compared to 27 on Wednesday leading to 13 advancing, 12 declining and 8 closing unchanged. At the end of trading, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $14.30.
Market activity on the main market ended with 2,986,488 units valued $110,422,118, changing hands, compared to 3,713,812 units valued $157,663,641 trading on Wednesday.
Wisynco Group led trading with just 529,420 shares accounting for 18 percent of total main market volume, followed by NCB Financial with 417,353 shares, and 14 percent of the day’s trades and Seprod closed with just 342,629 shares for 3 percent of volume traded.
Market activity ended with an average of 102,982 units valued at an average of $3,807,659 for each security traded. In contrast to 142,839 units for an average of $6,063,986 on Wednesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 10 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments dropped $2.49 to close at $40.01, with an exchange of  83,339 shares, Caribbean Cement lost S1 to finish at $84, with 10,377 shares changing hands, Jamaica Broilers dived $3.90 in exchanging 10,000 units to end at $30.10, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. JMMB Group gained $1.90 trading 253,237 shares in closing at $33.40, with 37,209 shares 37,209 shares. Kingston Properties lost 75 cents to settle at $6.80, with an exchange of 5,450 units, Mayberry Investments lost $1.65 to end trading of 27,500 shares at $8. PanJam Investment jumped $6.87 to a record high of $89.97, with 6,592 units changing hands, Scotia Group lost $1.49 in trading with 62,660 shares at $50.50, Seprod fell $3.50 in trading 342,629 shares to close $44. Sygnus Credit Investments lost 87 cents with 81,165 units trading, to end at $11.63 and Wisynco Group climbed 80 cents trading with 529,420 shares at an all-time high of $14.30.
Trading in the US dollar market ended with 419,786 units valued at US$95,838. JMMB G 6% preference share traded 439 shares and rose 5 cents to finish at US$1.09, Proven Investments traded 413,807 shares and gained 0.05 cent, to close at 23 US cents, Sterling Investments  finished trading of 2,540 units to close at 4 US cents and Sygnus Credit Investments traded 3,000 units to end at 10 US cents. The JSE USD Equities Index gained 1.67 points to close at 178.99.

JSE main market hits new high – Wednesday

Caribbean Cement traded at a new high of $85 on Wednesday.

The Jamaica Stock Exchange main market closed at a new record high on Wednesday, the third consecutive day of new highs, as investors increased their appetite for higher prices.
All Jamaican Composite Index jumped 2,775.27 points to a record close of 443,951.40 and the JSE Index climbed 2,521.97 points to a record closing high of 404,423.99.
The main and US markets had 27 securities traded, compared to 31 on Tuesday, leading to 17 advancing, 3 declining and 11 closing unchanged. At the end of trading, Caribbean Cement hit a record close of $85, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $13.50.
Market activity on the main market ended with 3,713,812 units valued $157,663,641 changing hands, compared to 4,368,956 units valued at $113,544,169, trading on Tuesday.
Mayberry Jamaica Equities accounted for 2.1 million shares or 56.4 percent of total main market volume, followed by NCB Financial with 792,711 shares and 21 percent of the day’s trades and Pulse Investments closed with just 120,053 shares for 3 percent of volume traded.
Market activity ended with an average of 142,839 units at $6,063,986, in contrast to 156,034 shares valued $4,055,149 on Tuesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Barita Investments jumped $3 to close at $42.50, with an exchange of 57,386 shares, Caribbean Cement jumped S7.01 to finished at at a record $85, with 44,987 shares changing hands, Grace Kennedy lost 70 cent to end at $60.30 with 3,463 shares trading, Jamaica Broilers shed 50 cents in exchanging 30,468 units to end at $34, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. Jamaica Stock Exchange jumped $2 to end at a record high of $20, trading 54,459 shares, JMMB Group lost $1.50 trading 37,209 shares in closing at $31.50, with 37,209 shares 37,209 shares. Kingston Wharves lost 75 cents to settle at $71, with an exchange of 5,450 units, Mayberry Investments lost 75 cents and ended trading at with 882,928 shares at $8.75. Mayberry Equities rose by 50 cents to close trading at $11.50, trading 2,096,031 shares, NCB Financial Group dived $20 in trading 792,711 shares to close at $145. Sagicor Group fell $1.79 to end at $45.20 in an exchange of 58,420 shares, Seprod rose $2.50 in trading 12,306 shares to close $47.50, Supreme Ventures rose 50 cents to close at $27, with 5,887 units changing hands and Wisynco Group climbed 90 cents trading with 96,492 shares at an all-time high of $13.50.
Trading in the US dollar market ended with 6,180 units valued at $1,391. Proven Investments was the sole stock trading and ended unchanged at 23 US cents. The JSE USD Equities Index gained 0.11 points to close at 177.32.