Main market stocks can gain 40% in 2018

Chart of main market showing the market trading in an upward sloping channel with the market currently trading just below the upper resistance line.

Last year was a great one for Jamaican stocks but an assessment of the market suggests that 2018 could be a grand year as well with overall price gains likely to be in excess of 40 percent.
Based on projected earnings for 2018, the average PE ratio suggests that the main market stock prices should grow by 26 percent. Falling interest rates could add another 20 percent to gains during the year, bringing overall gains to be in excess of 40 percent.
Technical readings of the market have the main market heading initially to around 390,000 points or 23 percent ahead of the December close, for the all Jamaica Index, before resistance sets in. Before moving much higher, later on.
Currently, the main market is caught in a wedge and trading just below the upper end of channel that can be traced to late 2015. The wedge could hold the market in consolidation mode for a short time, a month or two, before breaking out, most likely to the upside. (See Chart of market index.)
Last year was a great one for Jamaican stocks, with 14 of the 64 ordinary shares of companies that were listed prior to the December new listings, rising 100 percent or more and 16 rising between 50 and 81 percent.
IC Insider.com projects that many of the main market heavy weights will find it tough to repeat the strong gains they enjoyed in 2017, if that is the case, their impact on the market index is likely to be less than for 2017. Another factor that could make a repeat of 2017 tough, is the movement of interest rates. Last year, Treasury bill rates fell 29 percent from 6.56 percent to 4.83 percent, that level of decline, is unlikely to happen in 2018, even as some of the decline in the latter part of 2017 is yet to be fully reflected in the prices of stocks to date and should positively affect prices in 2018. IC Insider.com is forecasting rates on 182 days Treasury bill hitting 3 percent by the end of the 2018 first quarter. New listings could help move the indices in 2018, the likely impact is unknown at this point.
There are a number of other factors at play that are set to impact the market. Increasing employment is taking place with the highest number of persons employed in the country’s history. Attendant with that is the sharp fall in unemployment from more than 16.3 percent in 2013, to just over 10 percent in 2017. The annual net employment is growing around 30,000 persons per year and that could rise as the economy gains steam. This will mean more spending and increased tax collection for government. Alpart resumption of Alumina production is a big positive for the overall economy, for increased government revenues and more demand for local goods and services, some of which are provided by listed companies. The tourism sector is enjoying strong growth, apart from increasing foreign exchange intake for the country, will have direct impact on Jamaica Producers and Sagicor X Fund. Jamaica seems to be going through a construction boom with several new buildings under construction, Caribbean Cement and Berger Paints should benefit considerably from such developments.
Lower interest rates will reduce cost for many companies and revaluation of the Jamaican dollar also means lower cost but could result in lower revenues in some cases. More listings on the stock market will result in increased fee income for JSE and brokerage houses, from increased trading volumes.
The TOP 10 stocks include a few surprises while there are others that sit just outside the top stocks that investors may still want to keep a keen eye on. Investors should be looking beyond 2018 as medium term gains beyond 2018 could be strong for stocks that will benefit from current developments long term.
The TOP 10 selection is selling well below the average PE of the Main market of the Jamaica Stock Exchange at just over 6.3 versus nearly 12 at the end of 2017. The hallmark of successful investing is buy low so one can sell high that is why the huge discount of the TOP 10 make them compelling choices. Successful investing is to work to be on top of the market so current sexy stocks are not the ones likely to be in the IC Insider.com’s list.
Barita Investments has moved more into fee based income and that is working well for them, with sharp growth, while net interest income stagnates. The prospects for continued strong growth in fee income continues with more investors seeking better returns than in the fixed interest market. The company should see a change in ownership soon and that could see a more aggressive approach to management that could optimize returns from exiting business and newer lines. Unrealized gains on investment ought to be factored into its earnings in valuing the stocks and that would boost its value considerably, the market is not paying attention.
Berger Paints is set to be a big winner with increasing sales coming from a buoyant construction sector resulting in increased profit and what IC Insider.com expects to be a healthy dose of dividend payments. It could become the next Carreras form a dividend yield standpoint but with growing profits. The company will benefit from lowering of overhead cost which was evident in 2017.
Jamaica Broilers continues to grow organically and from new business being acquired. Growth will continues as the Haitian market deliver greater returns form a growing market while the poultry demand in Jamaica continues to grow.
Caribbean Cement will benefit from lower operating cost, increased sales and a planned cut in financing of the lease which is said will cut hundreds of millions of dollars out of it cost that could come close to $2 per share per annum.
Palace Amusement Company, currently enjoying sell out cinemas with block busters hit is one of those unusual choices. It enjoys minimal trading but it could surprise on the upside if all goes well. Growth in the economy and increased employment will help to boost patronage going forward and will aid in profit growth as well.
JMMB Group put out outstanding Q3 results with a 39 percent increase in profit and strong gains in revenues, auguring well for 2019 outcome.

JMMB Group Q3 profit jumped 39% in 2018

The growth potential remains strong and investors in the stock will reap rich rewards down the road. Just one stock that requires patience. By the way Fees and commission income jumped an impressive 71 percent to $512 million in the quarter and 53 percent in the nine months, over the similar period in 2016 and should continue to do so going forward.
Radio Jamaica continues to disappoint with below expected revenues and profit. It could return to favour but needs to generate more income from advertising. This is one to accumulate for a payoff down the road.
The other three stocks, Sterling Investments, Grace Kennedy and Sagicor Group are undervalued and could deliver some decent returns to patient investors.
Below the TOP 10 are strong candidates to deliver decent returns this year and beyond, the list includes NCB Financial that is on a strong growth trajectory and recently listed Wisynco Group that should generate earnings around $1.10 for the 2019 fiscal year that starts in July.

Junior Market in sharp drop – Monday

CAC closed at a new high on Monday.

The Junior Market suffered a sharp 2 percent drop with the index shedding 59.56 points to close at 2,871.76 on Monday, as the prices of 7 securities advanced, 9 declined and 4 remained unchanged.
The market closed with 20 securities changing hands, resulting in 6,699,330 shares valued at $22 trading, compared to 8 securities trading on Friday with 3,826,595 shares valued at $11,225,879 securities changing hands.
Trading ended with an average of 334,967 units for an average of $1,116,396 in contrast to 212,589 units for an average of $582,881 on Friday. An average of 211,318 units at an average value of $1,500,635 traded, and previously 200,424 units at an average value of $1,534,489. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 3 with lower offers.
The market will have Elite Diagnostics trading for the first time on Tuesday, following the heavy over subscription of the Initial public issue.
At the close of the market, AMG Packaging ended 10 cents higher at $2.10, with 3,023,130 stock units, Blue Power dropped 79 cents to end trading at $33.01, with 3,500 units, CAC 2000 gained 94 cents to close at an all time high of $9.99, with 935 shares, Cargo Handlers settled at $10.90, with 1,000 shares, Caribbean Cream ended trading with a loss of 20 cents at $5, after 3,715 shares changed hands. Caribbean Producers finished trading 20 cents higher at $4.40, with 1,280 units, Derrimon Trading fell 50 cents to $7, with 8,337 shares, Dolphin Cove finished with a loss of $2.50 at $16, and 6,835 stock units traded, Express Catering fell 10 cents to $4.60, with 10,000 shares. FosRich Group traded with a loss of 10 cents at $2.50, with 5,621 shares, General Accident finished down 4 cents at $2.80, with 101,661 shares, GWest Corporation closed 4 cents higher at $2.74, with 551 stock units, Honey Bun ended at $5.25, with 67,143 units. Jetcon Corporation ended trading at $4.60, with 218,429 stock units, Knutsford Express closed $2 higher at $15, with 617 shares, Lasco Distributors ended with a loss of 17 cents at $4.35, with 83,262 shares, Lasco Financial concluded trading at $5.25, with 43,680 stock units. Lasco Manufacturing finished with a loss of 80 cents at $3.70, with 3,010,717 units, Main Event rose 4 cents to close at $5.80, with 5,909 shares and Stationery and Office finished trading 31 cents higher at $5.51, with 103,008 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Improved Q4 results at Productivity Business

Productivity Business Solutions reported a 21 percent reduction in loss for 2017 to US$1.7 million for the December quarter and an increase of 76 percent to US$4.9 million for the full year after taxation of US$1.17 million for the quarter and US$2 million for the year.
Revenues grew 9.25 percent to US$46.36 million in the quarter up from $42.43 in 2016 and for the full year it was up a mere 1 percent to US$172 million from US$171 in 2016.
Administrative expenses rose 7 percent to $18.55 million for the quarter and by 2 percent for the year to $68 million and finance cost 31 percent for the quarter and to $2.9 million and by 37 percent to $9.35 million for the year. Devaluation losses seem to have negatively affect finance cost in the December quarter and pushing the operations into a loss position before tax, for the year, expenses connected for refinancing and capital transactions relating to new business in Suriname and Columbia, helped in pushing cost up in this area.
Based on the fourth quarter results, with a small loss with increased foreign exchange losses, 2018 could turn out to be a profitable year.
The shares last traded on the US dollar market of the Jamaica Stock Exchange at 55 US cents.

Moderate JSE main market trading

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Main Market activity of the Jamaica Stock Exchange Market ended on Friday with 3,008,815 shares changing hands valued at a mere $31,052,068 as 26 securities traded ending with 9 securities rising, 8 falling, 6 trading firm.
Trading led to declines in the market indices, with the JSE All Jamaican Composite Index dropping 794.62 points to 316,131.77 and the JSE Index declining by 723.99 points to 288,031.79.
In the main market activity, Barita Investments ended with a loss of 45 cents at $8, with 937 stock units, Berger Paints closed at $17.99, with 12,166 shares, Cable & Wireless concluded trading with a loss of 2 cents at $1.36, with 43,535 units, Carreras finished with a loss of 44 cents at $10.51, with 42,730 shares, Caribbean Cement settled 18 cents higher at $30.68, with 9,500 shares. Ciboney Group closed at 32 cents with 159,414 shares traded, Grace Kennedy ended trading $1 higher at $44, with 61,564 shares, Jamaica Broilers traded 5 cents higher at $18.10, with 7,050 stock units, Jamaica Producers finished trading with a loss of 1.97 cents at $15.50, with 186,991 units, JMMB Group ended at $25, with 18,977 shares. Kingston Properties concluded trading 65 cents higher at $6.65, with 7,265 shares, Kingston Wharves finished $1 higher at $42, with 1,500 stock units, Mayberry Investments settled with a loss of 6 cents at $5.99, with 1,500 units, NCB Financial Group ended trading 20 cents higher at $100, with 51,424 shares. PanJam Investment closed 95 cents higher at $41, with 37,796 stock units, Radio Jamaica finished 12 cents higher at $1.12, with 1,621,266 shares, Sagicor Group settled 40 cents higher at $36, with 11,923 shares, Sagicor Real Estate Fund settled at $14.90, with 56,392 shares, Scotia Group traded at $50.55, with 106,638 units. Seprod finished trading with a loss of 59 cents at $29.01, leading to 156,774 shares changing hands, Sterling Investments closed with a rise of 31 cents at $9.31, with 13,427 shares, Supreme Ventures ended at $12, with 10,983 shares, Victoria Mutual Investments concluded trading with a loss of 10 cents at $4.10, after 127,537 stock units were exchanged while Wisynco Group finished at $10.69, with 304,203 units. In the main market preference segment, Jamaica Money Market 7.25% traded 100 stock units at $2.49, and Jamaica Money Market 7.5% finished trading at $1.95, with 10,706 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market indices fall – Friday.”

JSE main market indices fall – Friday

Grace Kennedy gained $1 to close at $44 on Friday

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index fell by 794.62 points to 316,131.77 and the JSE Index declined by 723.99 points to 288,031.79.
Market activity ended with only 3,008,815 shares valued at a mere $31,052,068 changing hands, in contrast to 3,856,461 shares valued at $40,581,082 on Thursday.
The major contributors to the total volume in the market was Radio Jamaica with 1,621,266 shares traded with the next being Wisynco Group with 304,203 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 7 falling, 11 trading firm as 29 securities changed hands, including just 1 from the US market versus 31 that traded on Thursday.
The securities with the largest price changes include, Grace Kennedy with a gain of $1 to $44, Kingston Wharves up $1 to $42 and PanJam Investment rose 95 cents to $41 and Jamaica Producers lost $1.77 to $15.50.
The US market closed with Proven Investments exchanged 4,000 ordinary shares, to close at 21 US cents, with a value of US$924 and the JSE US Equities Index fell 1.82 points to 165.
Trading closed with an average of 117,781 units valued at an average of $1,194,310 for each security traded. In contrast to 137,731 units for an average of $1,449,324 on Thursday. The average volume and value for the month to date amounts to 183,585 units valued at $2,815,964 and previously, 189,385 units valued at $2,973,878. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.

For more details of market activities see – Moderate JSE main market trading.

Junior Market rose modestly on Friday

Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 9 securities advancing, 4 declining and 5 remaining unchanged leading to the market Index advancing 5.72 points to 2,941.32.
The market closed with 18 securities changing hands, resulting in 3,826,595 shares valued at $11,225,879 trading, compared to 21 securities trading on Thursday with 4,506,090 shares valued at $11,225,879 securities changing hands.
Trading ended with an average of 212,589 units for an average of $582,881 in contrast to 214,576 units for an average of $434,566 on Thursday. An average of 200,424 units at an average value of $1,534,489 traded, and previously 199,377 units at an average value of $1,616,445. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, Access Financial closed 1 cent higher at $45.02, with 18,500 shares, AMG Packaging ended at $2, with 3,056,419 stock units trading, Cargo Handlers settled at $10.90, with 974 shares, Derrimon Trading concluded trading 38 cents higher at $7.50, with 6,441 units, Express Catering ended trading 10 cents higher at $4.70, with 67,234 shares. FosRich Group traded 10 cents higher at $2.60, with 1,300 stock units, General Accident finished trading with a loss of 1 cent at $2.84, with 193,992 shares, GWest Corporation closed with a loss of 5 cents at $2.70, with 109,788 stock units, Honey Bun ended 15 cents higher at $5.25, with 28,443 units. Iron Rock concluded trading at $3, with 110,000 shares, Jamaican Teas settled at $4.50, with 14,330 shares, Jetcon Corporation ended trading 39 cents higher at $4.60, with 10,502 stock units, Knutsford Express closed with a loss of 50 cents at $13, with 1,000 shares. Lasco Distributors ended 6 cents higher at $4.52, with 66,915 shares, Lasco Financial concluded trading 4 cents higher at $5.25, with 4,590 stock units, Lasco Manufacturing finished at $4.50, with 36,296 units, Main Event settled with a loss of 34 cents at $5.76, with 4,667 shares and Stationery and Office finished trading 20 cents higher at $5.20, with 95,204 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

JSE majors pulled back on Thursday

Interest rates are falling and will drive stocks higher in 2018.

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index falling by 1,047.87 points to 316,926.39 and the JSE Index declining by 954.73 points to 288,755.78.
Main market activity closed with 3,856,461 shares valued at just $40,581,082 changing hands, in contrast to 5,490,162 shares valued at a mere $27,746,053 trading on Tuesday, the day before the Ash Wednesday break.
The major contributors to the total volume in the market include, Wisynco Group with 905,215 units followed by Radio Jamaica with 745,339 units and Ciboney Group with 482,108 units.
Main and US market activities ended with moderate trading levels, leading to prices of 11 securities rising, 12 falling, 8 trading firm as 31 securities changed hands, including 3 from the US market. Trading took place in 31 securities on Thursday.
The securities with the largest price changes include, Jamaica Producers rising $1.87 to $17.47, Mayberry Investments with a gain of 90 cents to $6.05, Kingston Wharves losing $1.60 to $41, while PanJam Investment fell $1.80 to $40.05 and Scotia Group lost $1.45 to end at $50.55.
The US market closed with Margaritaville lost 1 cents and closed trading at 1 US cent with 5,000 shares and Proven Investments exchanged 16,820 ordinary shares, to close at 21 US cents. JMMB 6% preference share ended at $1.08 with 400 stock units trading. The market closed with just 22,220 shares trading with a value of US$5,122 and the JSE US Equities Index rising 1.59 points to close at 166.82.
Market activity ended with an average of 137,731 shares valued at $1,449,324, in contrast to 189,316 shares valued at $956,760 on Tuesday. The average volume and value for the month to date amounts to 189,385 units valued at $2,973,878 and previously, 182,709 units valued at $3,152,487. January ended with an average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 1 closed with a lower offer.

For more details of market activities see – Subdued trading on Thursday sinks JSE index.

Subdued trading sinks JSE index – Thursday

Market activity closed on The Jamaica Stock Exchange on Thursday with 28 securities changing hands, as the prices 11 rose 11 declined and 6 traded unchanged as 3,856,461 shares valued at a mere $40,581,082 changed hands.
The JSE All Jamaican Composite Index fell 1,047.87 points to 316,926.39 and the JSE Index declined by 954.73 points to 288,755.78.
In the main market activity, Barita Investments ended at $8.45, with 750 stock units, Berger Paints closed with a loss of 1 cent at $17.99, with 350 shares, Cable & Wireless concluded trading 5 cents higher at $1.38, with 107,631 units, Carreras finished at $10.95, with 200,655 shares, Caribbean Cement settled 48 cents higher at $30.50, with 11,062 shares. Ciboney Group ended trading with a loss of 8 cents at $0.31, with 482,108 shares, Grace Kennedy traded at $43, with 493 stock units, Jamaica Broilers finished trading with a loss of 15 cents at $18.05, with 500 units, Jamaica Producers closed $1.87 higher at $17.47, with 34,606 shares. Jamaica Stock Exchange ended 49 cents higher at $6.99, with 279,870 shares, JMMB Group concluded trading 48 cents higher at $25, with 207,833 shares, Kingston Properties finished at $6, with 2,500 stock units, Kingston Wharves settled with a loss of 1.60 cents at $41, with 1,761 units. Mayberry Investments ended trading 90 cents higher at $6.05, with 125,353 shares, NCB Financial Group traded 80 cents higher at $99.80, with 23,974 shares, 138 Student Living ended with a loss of 15 cents at $6, with 350 shares, PanJam Investment ended with a loss of 1.80 cents at $40.05, with 3,326 units, Pulse Investments finished at $1.80, with 2,985 shares. Radio Jamaica settled with a loss of 5 cents at $1, with 745,339 shares, Sagicor Group ended trading 10 cents higher at $35.60, with 336,636 stock units, Sagicor Real Estate Fund ended trading 5 cents higher at $14.90, with 62,225 shares. Salada Foods traded with a loss of 56 cents at $9.95, with 1,000 units, Scotia Group finished trading with a loss of 1.45 cents at $50.55, with 36,870 shares. Seprod closed at $29.60, with 1,200 shares, Supreme Ventures concluded trading 1 cent higher at $12, Victoria Mutual Investments with 57,209 stock units, finished 5 cents higher at $4.20, with 177,360 units, Wisynco Group settled with a loss of 6 cents at $10.69, with 905,215 shares and in the main market preference segment, JMMB Group closed with a loss of 1 cent at $1.02, with 47,300 shares, changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Thursday.”

Junior Market gained on Thursday

AMG Packaging traded 3,571,405 stock units

Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 7 securities advanced, 11 declined and 3 remained unchanged and the Market Index advancing 25.21 points to close at 2,925.60.
The market closed with 21 securities changing hands, resulting in 4,506,090 shares valued at $11,225,879 trading, compared to 18 securities trading on Tuesday with 11,208,712 units valued at $124,643,001 securities changing hands.
Trading ended with an average of 214,576 units for an average of $434,566 in contrast to 622,706 units for an average of $6,924,611 on Tuesday. An average of 199,377 units at an average value of $1,616,445 traded, and previously 197,679 units at an average value of $1,737,294. In contrast, January closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 50 cents at $2, with 3,571,405 stock units trading, Blue Power fell 20 cents to $33.80, with 114 units, Cargo Handlers settled at $10.90, with 4,345 shares, Caribbean Producers finished trading with a loss of 27 cents at $4.20, with 100,000 units changing hands, Dolphin Cove finished $1.50 higher at $18.50, with 200 stock units. Eppley settled with a loss of $2.02 at $10.50, with 17,000 units, Express Catering ended trading at $4.60, with 107,000 shares, FosRich Group traded with a loss of 5 cents at $2.50, with 78,106 shares, General Accident finished trading 5 cents higher at $2.85, with 101,500 shares. GWest Corporation closed with a loss of 15 cents at $2.75, with 422 stock units, Honey Bun ended with a loss of 30 cents at $5.10, with 31,804 units trading, Jamaican Teas settled with a loss of 10 cents at $4.50, with 10,170 shares, Jetcon Corporation ended trading at $4.21, with 44,795 stock units. Key Insurance traded 20 cents higher at $4, with 79,101 units after the company posted improved full year results. KLE Group finished trading 10 cents higher at $2.30, with 5,000 shares, Knutsford Express closed $1.50 higher at $13.50, with 300 shares, Lasco Distributors ended with a loss of 4 cents at $4.46, with 26,620 shares. Lasco Financial concluded trading 11 cents higher at $5.21, with 26,133 stock units, Lasco Manufacturing finished at $4.50, with 106,231 units, Stationery and Office finished trading 50 cents higher at $5, with 195,555 stock units trading as demand climbed for the stock following days of little buying interest and tTech ended with a loss of 40 cents at $5.60, with 289 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Kingston Wharves jumps $5.55 to new high

Kingston Wharves jumped $5.55 to a record close on Tuesday.

Kingston Wharves closed at a new record high at the close of trading on Tuesday the Jamaica Stock Exchange with the price jumping sharply by $5.55 to $42.60, with 7,763 shares changing hands, the move helped the main market indices to close by more than 1,300 points at the close.
Market activity closed with 29 securities changing hands, as the prices 8 rose 13 declined and 8 traded unchanged. The JSE All Jamaican Composite Index surged 1,439.19 points to 317,974.26 and the JSE Index jumped 1,311.26 points to 289,710.51. This was the second consecutive day with strong gains in the indices.
The number of securities trading on the main market of rose on Tuesday but the value of shares traded dropped to low levels, leading to 5,490,162 shares valued at just $27,746,053 changing hands.
In the main market activity, Barita Investments ended 94 cents higher at $8.45, with 250 stock units, Berger Paints closed with a loss of 1 cent at $18, with 39,984 shares, Cable & Wireless concluded trading with a loss of 3 cents at $1.33, with 854 units, Carreras finished at $10.95, with 320,871 shares, Caribbean Cement settled 1 cent higher at $30.02, with 4,701 shares. Ciboney Group ended trading with a loss of 1 cent at 39 cents, with 970,762 shares, Grace Kennedy traded 40 cents higher at $43, with 3,269 stock units, Jamaica Broilers finished trading 20 cents higher at $18.20, with 6,457 units, Jamaica Producers closed 10 cents higher at $15.60, with 41,029 units. Jamaica Stock Exchange ended at $6.50, with 45,523 shares, JMMB Group concluded trading with a loss of 48 cents at $24.52, with 28,228 stock units, Mayberry Investments ended trading 5 cents higher at $5.15, with 1,950 shares. NCB Financial Group traded with a loss of 95 cents at $99, with 25,065 units, 1834 Investments finished trading at $1.20, with 2,314,148 shares, PanJam Investment ended $1.85 higher at $41.85, with 3,000 units, Pulse Investments finished at $1.80, with 6,387 shares. Radio Jamaica settled at $1.05, with 523,807 shares, Sagicor Group ended trading with a loss of 50 cents at $35.50, with 31,921 stock units, Sagicor Real Estate Fund ended trading with a loss of 1 cent at $14.85, with 17,600 shares. Salada Foods traded with a loss of $1.49 at $10.51, with 200 units, Scotia Group finished trading with a loss of $1 at $52, with 71,580 shares. Seprod closed with a loss of 40 cents at $29.60, with 195 shares, Sterling Investments ended at $9, with 4,750 shares, Supreme Ventures concluded trading with a loss of 1 cent at $11.99, with 5,795 stock units, Victoria Mutual Investments finished trading at $4.15, with 160,956 units. Wisynco Group settled at $10.75, with 802,550 shares and in the main market preference segment, JMMB Group 7.5% lost 1 cent to close at $1.03 with 567 shares and Proven Investments settled with a loss of 85 cents at $5.05, with 50,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE in big rise again – Tuesday.”