New record high for JSE main market – Tuesday

April 30, 2019 by

The Jamaica Stock Exchange main market closed at a new record high on Tuesday for the second consecutive day and the second time for 2019 and in the process posted gains of 5.8 percent for the year.
At the end of trading when NCB Financial ended at a record close of $165 and Wisynco Group that traded at an all-time high of $13 ended at a new record close of $12.60. The All Jamaican Composite Index surged 5,918.33 points to a record close of 441,176.13 and the JSE Index climbed 5,378.16 points to record close of 401,902.02. Earlier in the day, at 10.21 am, the All Jamaican Composite Index jumped 8,683.84 points to 443,941.64 and the JSE Index surged 7,891.26 points to 404,415.12.
After five months of consolidation, with a slight upward bias, the market finally broke the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index on Monday and has gone on the new heights on Tuesday.
The main and US markets had 31 securities traded, compared to 33 on Monday leading to 17 advancing, 3 declining and 11 closing unchanged.
Market activity on the main market ended with 4,368,956 units valued at $113,544,169 changing hands, compared to 4,679,663 units valued $362,626,260 trading on Monday.
Mayberry Jamaica Equities, accounting for 1.1 million shares or 25.4 percent of total main market volume, followed by Mayberry Investments with 882,928 shares, and 20 percent of the day’s trades, Barita Investments closed with 843,926 shares for 19 percent of volume traded and Grace Kennedy with 545,299 stock units and 12.5 percent of main market trades.

NCB Financial traded at a record high of $165.

Market activity ended with an average of 156,034 units valued at over $4,055,149, in contrast to 146,239 shares valued at $11,332,071 on Monday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 17 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $3 to close at $39.50, with an exchange of 843,926 shares, Grace Kennedy gained $1 to end at $61 with 545,299 shares changing hands, Jamaica Broilers climbed 50 cents in exchanging 74,384 units to end at $34.50, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Kingston Properties jumped $1.95 and finished at $8.45, with an exchange of 58,406 stock units, Mayberry Investments rose by $1 and ended trading at $9.50, with 882,928 shares changing hands. Mayberry Equities rose by $1 and ended trading at $11, with 1,109,121 shares trading, NCB Financial Group jumped $21.50 in trading 67,382 shares to close at an all-time record high of $165. Portland JSX gained 60 cents trading 9,087 shares at $8.10, Sagicor Group fell 51 cents to end at $46.99 in an exchange of 33,999 shares and Scotia Group rose $1.49 in trading 23,218 shares to close $51.99.
Trading in the US dollar market ended with 48,320 units valued at $10,612. Margaritaville traded 189 to close at 25 US cents, Proven Investments traded 46,131 shares at 23 US cents and Sygnus Credit Investments traded 2,000 shares at 10 US cents. The JSE USD Equities Index declined by 0.43 points to close at 177.21

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market at record close – Monday

April 29, 2019 by

The Jamaica Stock Exchange main market closed at a new record high on Monday, with All Jamaican Composite Index surging 9,373.64 points to 435,257.80 and the JSE Index climbing 8,518.11 points to 396,523.86.
The market is breaking the record high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index. Caribbean Cement sparked added interest in the market, ahead of the close of the month as investors responded to strong first quarter results in buying up 274,801 shares up to $79.50. Also contributing to the strong gains was Sagicor Group that closed at $47.50.
At the close NCB Financial traded 2.12 million shares to close at $143.50, but ended with a closing with a bid of $148, PanJam Investment closed at $83 having a bid at $85. Wisynco Group closed at a record high of $12.50 have just less than 96,000 shares on offer between $12.50 and $16.
At the close, the main and US markets had 33 securities traded, compared to 32 on Friday leading to 15 advancing, 9 declining and 9 closing unchanged.
Market activity on the main market ended with 4,679,663 units valued $362,626,260 changing hands, compared to 4,427,445 units valued at $384,592,987 units trading on Friday.
NCB trades, accounted for just over 45 percent of total main market volume, followed by Jamaica Producers with 343,580 units and 7 percent of the day’s trades and Eppley with 295,409 units for 6 percent of volume traded.
Market activity ended with an average of 146,239 units valued at an average of $11,332,071 for each security traded, in contrast to 147,582 units for an average of $12,819,766 on Friday. The average volume and value for the month to date amounts to 157,923 shares at $3,718,919 for each security, compared to 158,599 shares at $3,037,176 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments rose 50 cents to close at $42.50, with an exchange of 5,945 shares, Caribbean Cement jumped $13.87 to $77.99 with 274,801 shares changing hands, Jamaica Broilers climbed $2 in exchanging 9,818 units to end at $34, Jamaica Producers gained $1.50 to close at $23, after trading 343,580 stock units. Jamaica Stock Exchange gained 49 cents and ended at $17.99, trading 23,006 shares, JMMB Group concluded trading at $33.00, with 24,800 shares, Kingston Wharves  climbed $1 and settled at $72, with an exchange of 446 units, NCB Financial Group  declined $1.50 to close at $143.50, trading 2,122,314 shares. PanJam Investment  climbed $1.50 and ended at $83, with 65,800 units changing hands, Sagicor Group jumped $3.50 to end at $47.50 in an exchange of 51,319 shares. Sagicor Real Estate Fund  added 90 cents to end at $10, trading 67,521 shares, Seprod rose $1.35 and closed at $44.80, trading 63,993 shares and Wisynco Group rose 50 cents to end trading of 145,718 shares at a record high of $12.50.
Trading in the US dollar market ended with JMMB Group 6% preference share being the sole active stock and ended exchanging 2,500 shares trading with a value of US$2,600 to close at US$1.04. The JSE USD Equities Index closed unchanged at 177.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE major index jumps – Friday

April 26, 2019 by

The ongoing see saw trading pattern of the Jamaica Stock Exchange continued on Friday with the market indices making sizable gains after a big falls on Thursday.
At the close, the main and US markets had 32 securities traded, compared to 33 on Thursday leading to 14 advancing, 7 declining and 12 closing unchanged. The market closed with the All Jamaican Composite Index 3,765.48 points to 425,884.16 and the JSE Index advanced by 3,419.95 points to 388,005.75.
Market activity on the main market ended with 4,427,445 units valued $384,592,987 changing hands, compared to 17,912,213 units valued $156,798,185 units trading on Thursday.
MPC Caribbean Clean Energy led trading with 2.69 million shares, accounting for 61 percent of total main market volume, followed by Carreras with 817,258 units and 18.5 percent of the day’s trades and Wisynco Group with 264,825 units for 6 percent of volume traded.
Market activity ended with an average of 147,582 units valued at $12,819,766, in contrast to 597,074 shares valued at $5,226,606 on Thursday. The average volume and value for the month to date amounts to 158,599 shares at $3,037,176 for each security, compared to 159,231 shares at $2,439,461 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments fell 90 cents to close at $42, with an exchange of 5,700 shares, Caribbean Cement rose 61 cents to $64.12 with 17,700 shares changing hands, Jamaica Broilers climbed $2 in exchanging 22,080 units to end at $32, Jamaica Producers declined 50 cents to close at $21.50, after trading 38,562 stock units. Jamaica Stock Exchange gained 30 cents and ended at $17.50, trading 97,043 shares, Kingston Wharves jumped $3 to settle at $71, trading 6,989 units, Mayberry Equities rose 60 cents to end trading of 43,242 shares at $9.80, Palace Amusement  climbed $50 to close at $1,300 with 100 stock units changing hands. Sagicor Group jumped $4.03 to end at $44 in an exchange of 13,544 shares, Sagicor Real Estate Fund  added 44 cents to end at $9.10, trading just 60,018 shares, Seprod rose $1.45 and closed at $43.45, trading 6,934 shares and Stanley Motta gained 33 cents and ended at $4.55, with an exchange of 10,448 shares.
Trading in the US dollar market ended with 83,732 shares trading with a value of US$10,226. Proven Investments  closed at 23 US cents, with an exchange of 13,000 shares and Sygnus Credit Investments ended trading of 70,732 units at 10 US cents. The JSE USD Equities Index fell 1.87 points to close at 177.64.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE major index drops sharply – Thursday

April 25, 2019 by

Sagicor Real Estate Fund drops to new 52 weeks’ low.

Trading on the main market of the Jamaica Stock Exchange ended on Thursday with the All Jamaican Composite Index dropping 5,121.29 points to 422,118.68 and the JSE Index declining by 4,653.87 points to 384,585.80.
At the close, the main and US markets had 33 securities traded, compared to 29 on Wednesday leading to 9 advancing, 16 declining and 8 closing unchanged. Sagicor Real Estate Fund and JMMB Group 7.25% preference share closed trading at new 52 weeks’ lows of $8.66 and $1.98 respectively.
Market activity on the main market ended with 17,912,213 units valued $156,798,185 changing hands, compared to 1,662,631 units changing hands for $44,174,045, on Wednesday.
JMMB Group 7.5% preference share led trading with 12 million shares, accounting for 67 percent of total main market volume, followed by JMMB Group 7.25% preference share with 1.92 million units and 11 percent of the day’s trades and Wisynco Group with 1.47 million units for 8 percent of volume traded.
Market activity ended with an average of 597,074 units valued at over $5,226,606, in contrast to 59,380 shares valued at $1,577,644 on Wednesday. The average volume and value for the month to date amounts to 159,231 shares at $2,439,461 for each security, compared to 132,587 shares at $2,258,085 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Berger Paints climbed $1.50 and ended trading of 499 stock units, at $21, Caribbean Cement dropped 31 cents to $63.51 with 13,399 shares changing hands, Eppley gained 30 cents trading 450 shares at $11. Jamaica Broilers climbed $1.55 in exchanging 33,169 units at $30, Jamaica Producers declined $1 to close at $22, after trading 10,388 stock units. JMMB Group  climbed $2.84 to settle at $33.45, with 31,977 units changing hands. Kingston Properties  lost 50 cents finished at $6.50, with an exchange of 4,245 stock units. Kingston Wharves  dropped $2.50 to settle at $68, with 11,754 units changing hands, Mayberry Investments  gained $1.23 in trading 13,686 shares, to close at $8.75. Sagicor Group lost $2.03 to end at $39.97 in an exchange of 81,141 shares, Sagicor Real Estate Fund  dipped $1.34 to a 52 weeks’ low of $8.66, trading just 700 shares, Salada Foods  traded 640 units and rose $1.01 to end at $31.01. Scotia Group  lost 35 cents and finished trading 264,774 shares at $50.65, Seprod lost $1 and closed at $42, trading 45,978 shares and Supreme Ventures  rose 49 cents and finished at $26.49 with an exchange 564,208 units.
Trading in the US dollar market ended with 49,022 shares trading with a value of US$4,923. Proven Investments closed at 23 US cents, with an exchange of 127 shares, Sygnus Credit Investments rose 1.3 cent and ended trading of 46,639 units at 10 US cents after losing 0.3 cent and Sterling Investments finished trading and closed at 4 US cents with 2,256 units, leaving the JSE USD Equities Index fell 0.02 points to close at 179.51.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE main market index drops – Wednesday

April 24, 2019 by

JSE failed to have errors corrected in audited accounts.

Trading main market of the Jamaica Stock Exchange ended on Wednesday with the All Jamaican Composite Index falling 951.43 points to 427,239.97 and the JSE Index declining by 864.60 points to 389,239.67.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,662,631 units changing hands for $44,174,045, compared to 1,509,697 units changing hands for $34,816,059, on Tuesday.
At the close, the main and US markets had 29 securities traded, compared to 31 on Tuesday leading to 13 advancing, 10 declining and 6 closing unchanged.
Wisynco Group led trading with a mere 307,966 shares, accounting for 19 percent of total main market volume, followed by Grace Kennedy with 261,323 units and 16 percent of the day’s trades and Radio Jamaica with 162,904 units for 10 percent of volume traded.
Market activity ended with an average of 59,380 units valued $1,577,644 for each security traded, in contrast to 53,918 shares valued at $1,243,431 on Tuesday. The average volume and value for the month to date amounts to 132,587 shares at $2,258,085 for each security, compared to 136,995 shares at $2,302,086 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 12 stocks ending with bids higher than their last selling prices and just 3 closing with lower offers.
In main market activity, Barita Investments climbed $3.90 to close at $42.90, with an exchange of 1,010 shares, Caribbean Cement dropped 18 cents to $63.82 with 21,900 shares changing hands, Jamaica Producers rose $2 to close at $23, after trading 48,463 stock units. JMMB Group shed 89 cents to settle at $30.61, with 46,720 units changing hands. Kingston Wharves jumped $2.50 to settle at $70.50, with 4,918 units, Mayberry Investments lost 48 cents in trading 27,925 shares, to close at $8, Mayberry Jamaican Equities fell 80 cents with 24,658 units trading, to close at $9.20. Sagicor Group lost $2.53 to end at $42 in an exchange of 31,029 shares. Sagicor Real Estate Fund dipped 50 cents to $10, trading 7,800 shares, Scotia Group rose 50 cents and finished trading 8,852 shares at $51, Seprod gained $1 and closed at $43, trading 31,674 shares. Supreme Ventures lost 45 cents and finished at $26, with an exchange 109,581 units and Wisynco Group  rose 25 cents and ended trading 307,966 shares at $11.99.
Trading in the US dollar market ended with 5,513 shares trading with a value of US$568. Sygnus Credit Investments rose 1.3 cent and ended trading of 5,513 units at 10.3 US cents. The JSE USD Equities Index advanced 1.22 points to close at 179.53.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

More gains for JSE majors – Tuesday

April 23, 2019 by

On a day of very low trading, the All Jamaican Composite Index added to the strong gains on Thursday to close 1,130.64 points up to 428,191.40 on Tuesday while the JSE Index advanced 1,027.45 points to close at 390,104.27.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,509,697 units changing hands for $34,816,059, compared to 3,564,657 units valued $53,154,918 on Thursday.
At the close, the main and US markets had 31 securities traded, compared to 28 on Thursday leading to 10 advancing, 11 declining and 10 closing unchanged.
Barita Investments led trading with a mere 225,658 shares, accounting for 15 percent of total main market volume, followed by Mayberry Jamaican Equities with 184,148 units and 12 percent of the day’s trades and Wisynco Group with 167,463 units for 11 percent of volume traded.
Market activity ended with an average of 53,918 units valued at an average of $1,243,431 for each security traded. In contrast to 132,024 units valued at an average of $1,968,701 on Thursday. The average volume and value for the month to date amounts to 136,995 shares at $2,302,086 for each security, compared to 142,319 shares at $2,375,277 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $1 to close at $39, with an exchange of 225,658 shares, Caribbean Cement dropped $1 to $64 with 37,388 shares changing hands, Grace Kennedy gained 45 cents in trading 21,340 stock units at $60, Jamaica Broilers rose 65 cents to close at $31.65, with an exchange of 10,391 shares. Jamaica Producers fell 26 cents to close at $21, after trading 15,500 stock units, JMMB Group added 90 cents to settle at $31.50, with 5,389 units changing hands. Mayberry Investments recovered 50 cents in trading 3,900 shares, to close at $8, Mayberry Jamaican Equities climbed $1 with 184,148 units trading, to close at $10.  Palace Amusement dropped $200 to close at $1,250 after trading 120 units, Sagicor Group lost 47 cents to $44.53 in an exchange of 30,587 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group rose 30 cents and finished trading 15,798 shares at $50.50 and Sygnus Credit Investments rose 50 cents trading of 59,500 units at $12.
Trading in the US dollar market ended with 65,070 shares trading with a value of US$8,900. JMMB Group 6% preference share traded 2,320 units and closed at US$1.04 Proven Investments traded 5,650 shares at 23 US cents and Sygnus Credit Investments rose 1 cent and ended trading of 57,100 units at 9 US cents leaving the JSE USD Equities Index fell 0.95 points to close at 178.31.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sharp jump in JSE indices – Thursday

April 18, 2019 by

Sagicor Group jumped $5.50 on Thursday.

Sagicor Group jumped $5.50 to help push the All Jamaican Composite Index a healthy 6,934.04 points to close at 427,060.76 on Thursday while the JSE Index jumped a sizable 6,301.17 points to 389,076.82.
Market activity picked up on the main market of the Jamaica Stock Exchange with 3,564,657 units valued $53,154,918 traded compared to 3,197,837 units valued $101,850,841 on Wednesday.
At the close, the main and US markets had 28 securities traded, compared to 29 on Wednesday leading to 10 advancing, 11 declining and 7 closing unchanged.
Sagicor Real Estate Fund led trading with 999,193 shares, accounting for 28 percent of total main market volume, followed by 1834 Investments with 623,879 units and 17.5 percent of the day’s trades and Radio Jamaica with 570,068 units for 16 percent of volume traded.
Market activity ended with an average of 132,024 units valued at an average of $1,968,701 for each security traded. In contrast to 114,208 units for an average of $3,637,530 on Wednesday. The average volume and value for the month to date amounts to 142,319 shares at $2,375,277 for each security, compared to 142,996 shares at $2,404,318 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $40, with an exchange of 239,307 shares, Caribbean Cement dropped $2.05 to $65 with 9,246 shares changing hands, Jamaica Broilers lost $2 to close at $31, with an exchange of 191,617 shares. Jamaica Producers fell 74 cents to close at $21.26, after trading 14,597 stock units, Kingston Wharves shed 50 cents to settle at $68, with 1,968 units changing hands. NCB Financial Group  recovered the $1.20 lost on Wednesday in trading 64,859 shares, to close at $145,  PanJam Investment  jumped $3.69 to close at $81.70 after trading 17,858 units, Sagicor Group jumped $5.50 to $45 in an exchange of 77,600 shares. Sagicor Real Estate Fund  jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group  fell 30 cents and finished trading 7,881 shares at $50.20, Seprod closed at $42.20 with a loss of 30 cents while trading 48,132 shares. Stanley Motta  lost 34 cents and ended at $4.66, in trading 638 shares and Supreme Ventures lost 50 cents in finishing at $26.50, with 43,452 units changing hands.
Trading in the US dollar market ended with just one security trading. Sygnus Credit Investments rose 1 cent and ended trading of 6,682 units at 10 US cents leaving the JSE USD Equities Index rose 0.87 points to close at 179.26.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE trading boosted – Wednesday

April 17, 2019 by

Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged.
Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50,  Mayberry Jamaican Equities  fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group  dropped $1.20 in trading with 14,174 shares, to close at $143.80,  PanJam Investment  lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group  rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Wigton IPO weights on JSE trading – Tuesday

April 16, 2019 by

Wigton IPO over shadows JSE trading.

Investors focus on the Wigton Windfarm initial public share offer that opens this Wednesday, continue to cast a shadow over the rest of the market, leading to reduced trading with just 1,271,826 units valued at over $41,461,461 exchanged on Tuesday compared to 1,439,179 units valued at just $37,607,638 on Monday.
Reports are that more than 4,500 applications were in the system before close of trading on Tuesday for what is turning out to be well sort after shares in the first renewable shares offer to come to the market.
Trading on the main market of the Jamaica Stock Exchange ended Tuesday with the JSE All Jamaican Composite Index climbing 2,743.03 points to 419,854.02 and the JSE Index advancing by 2,492.67 points to 382,527.84.
At the close of the main and US markets, 33 securities traded, compared to 28 on Monday leading to 10 advancing, 14 declining and 9 closing unchanged.
Mayberry Jamaican Equities led with 276,530 shares, accounting for 22 percent of total main market volume, followed by Sagicor Real Estate Fund  with 146,545 units with 12 percent of the day’s trades and Scotia Group with a mere 120,670 units for 9 percent of volume traded.
Market activity ended with an average of 43,856 units valued at an average of $1,429,706 for each security traded, in contrast to 55,353 units at $1,446,448 on Monday. The average volume and value for the month to date amounts to 145,107 shares at $2,305,661 for each security, compared to 153,425 shares at $2,384,798 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, 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 just 1 closing with a lower offer.
In main market activity, Barita Investments lost $1.90 to close at $37.60, with an exchange of 5,231 shares, Caribbean Cement declined $1 to $65.50, with a mere 770 shares changing hands, Carreras fell 28 cents trading 91,573 units at $8.75, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell $1.15, to close at $22.25, after trading 5,990 shares, Jamaica Stock Exchange gained 67 cents to close at $17.25, after trading 18,622 shares, JMMB Group  concluded trading 27,058 shares at $30.50, after gaining 50 cents, Kingston Wharves  dropped $2 to settle at $68, with 1,500 units changing hands. Mayberry Jamaican Equities  rose 90 cents trading 276,530 shares at $9.50, PanJam Investment  fell $2 and ended at $79 trading 10,830 units, Sagicor Real Estate Fund dropped $1.30 in an exchange of 146,545 shares to close at a 52 weeks’ low of $9, Seprod closed at $42 with a loss of 50 cents while trading 1,236 shares. Stanley Motta  gained 50 cents to end at $5, exchanging 986 shares, Supreme Ventures gave up $1 in finishing at $25, with 34,782 units changing hands Sygnus Credit Investments shed 60 cents in trading 13,800 units to close at $11.40 and Wisynco Group gained 29 cents trading 64,250 units, to close at $11.35.
Trading in the US dollar market ended with 34,592 units valued $12,596. Eppley 5% preference share, closed at 98 US cents with 5,292 shares changing hands and JMMB Group 5.75% preference share settled gained 1 cent and ended at US$2.05 trading1,000 shares, Proven Investments ended trading with 20,000 units at 23 US cents and Sygnus Credit Investments shed 2 cents in trading 8,300 units to close at 9 US cents. The JSE USD Equities Index lost 0.89 points to close at 178.39.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JP sells 30% of JP Snacks to Wisynco

April 16, 2019 by

Jamaica Producers former HQ

Jamaica Producers Group and Wisynco Group entered into an agreement that see the transfer 30 percent of the shares in JP Snacks Caribbean (‘JP Snacks’) to Wisynco Group.
JP Snacks Caribbean is a holding company that will own the “JP St. Mary’s” brand and JP’s tropical snack manufacturing operations in which JP will hold the remaining 70 percent of the shares.
“The goal of the partnership is to bring to consumers in Jamaica and internationally, a wide range of innovative Caribbean snacks and tropical foods. Wisynco will bring to the partnership, their expertise in marketing,

Wisynco Group

manufacturing and importantly, their best in class distribution network. The transaction values JP Snacks at $2.4 billion and sees Wisynco investing $720 million for a 30 percent interest, a release from both companies stated.
The release further stated that “the business will seek to strengthen distribution in existing markets in the USA, Canada, the Caribbean, the UK and Central America, in addition to seeking new markets. JP St. Mary’s snacks will continue to be the flagship product line of JP Snacks through its banana, plantain, cassava and breadfruit chips, as well as similar product lines for the Spanish language markets.
Jamaica Producers Group is a Jamaican-owned multinational, with its primary businesses infood and logistics. JP owns and operates the market leading fresh juice manufacturer, supplying

Jamaica Producers to introduce a new line of banana chips.

Holland, Belgium, Scandinavia and other markets in Northern Europe. Through its Tortuga International subsidiary, JP Group operates a Jamaica- based bakery that supplies Tortuga Rum Cake to over 15 countries. JP Group’s logistics interests include Kingston Wharves, the regional multi-purpose port and JP Shipping Services based in the UK. JP also owns JP Farms, Jamaica’s leading banana farm, which is the largest private sector employer in St. Mary, Jamaica.
Wisynco is the maker of WATA, CranWATA, BOOM Energy Drink and BIGGA soft drinks. In addition to its owned brands, Wisynco is the exclusive local bottler for the Coca- Cola Company, as well as third-party beverage brands such as Squeezz and Hawaiian Punch and also distributes portfolios for Red Bull, Tru Juice & Freshhh, Dr. Pepper, Worthy Park Estate, Kellogg’s, General Mills, Nestle and others.

Filed Under: Company News, General Business News Tagged With: , , , , ,