Junior Market drops points – Monday

The Junior Market fell at the close of trading on Monday with 19 securities changing hands, the same number on Friday, the market Index declined by 14.28 points to close at 2,933.45.
At the close of trading the prices of 5 securities advanced, 9 declined and 5 remained unchanged
Trading ended with an exchange of just 464,517 units valued at a mere $1,948,493 down sharply from 2,462,706 units valued at $9,020,103 on Friday.
Market activity ended with an average of 24,448 units for an average of $102,552 compared to an average of 129,616 units for an average of $474,742 on Friday. The average volume and value for the month to date, amounts to 132,910 units at $537,913 compared to 266,611 units at $566,937 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 5 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 7 cents at $2, trading 51,250 stock units, Blue Power concluded trading with a loss of $3.16 at $36.83, with 1,000 units, Caribbean Flavours traded at $11, with 196 stock units, Caribbean Producers finished trading at $5, with 5,486 units, Derrimon Trading concluded trading with a loss of 5 cents at $9.45, with 17,429 shares. Elite Diagnostic settled 17 cents higher at $3.32, with 126,731 units, Eppley ended trading with a loss of 1 cent at $9.40, with 2,000 shares, Express Catering traded 40 cents higher at $5.70, with 890 shares, FosRich Group finished trading 9 cents higher at $2.50, with 3,060 shares. GWest Corporation ended with a loss of 5 cents at $2.45, with 15,300 units, Honey Bun concluded trading with a loss of 20 cents at $4.40, exchanging 4,961 shares, Iron Rock finished at $3, with 49,100 shares, Jamaican Teas ended trading with a loss of 45 cents at $4.55, after 20,000 stock units changed hands. Jetcon Corporation traded with a loss of 30 cents at $4.20, with 12,706 units, Knutsford Express ended at $14, with 7,200 shares, Lasco Distributors concluded trading with a loss of 15 cents at $4, exchanging 68,550 stock units, Lasco Financial finished 14 cents higher at $5.34, with 206 units. Lasco Manufacturing settled at $4, with 13,010 shares and Stationery and Office closed 10 cents higher at $6, with 65,442 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

New JSE record on limited volume

Trading levels rose on the Main Market of the Jamaica Stock Exchange on Monday but remained moderate with an average of only 156,653 units valued at $3,187,757 for each security trading.
At the close of trading, 23 securities changed hands, resulting in 6,877,671 units valued at $68,979,399 trading, up sharply from the 2,507,681 units valued at only $38,468,870 on Friday.
The main market closed with 9 securities rising, 7 declining and 7 trading firm, leading to the JSE All Jamaican Composite Index increasing by 1,415.92 points to end at a record close of 327,594.70 and the JSE Index rising 1,290.06 points to a new closing record of 298,475.80.
In market activity, Barita Investments closed at $9.50, with 33,268 shares, Berger Paints rose 10 cents and ended at $19.10, with 4,237 stock units, Carreras concluded trading at $10.90, with 1,171,484 units, Caribbean Cement finished at $36.50, with 64,512 shares, Grace Kennedy rose 65 cents and ended trading at $49.65, with 6,186 shares. Jamaica Broilers rose 45 cents to $20.50, with 570,105 stock units, Jamaica Producers ended with a rise of 99 cents at $16.99, with 12,676 units, Jamaica Stock Exchange rose 2 cents and closed at $6.52, with 2,350 shares, JMMB Group lost $1.10 to closed at $27.22, as some selling came into the market for the stock, and ended with 1,208,947 shares changing hands. Kingston Wharves lost 5 cents and finished at $49.95, with 2,471 stock units after it traded at an intraday high of $51, Mayberry Investments settled at $6.05, with 20,200 units, NCB Financial Group rose $1 and ended trading at $97, with 76,990 shares, 1834 Investments lost 5 cents, to end at $1.15, trading 18,055 shares. PanJam Investment rose $1.45 to $44.45 trading 2,522 stock units, Sagicor Group settled at $36.85, with 15,203 shares and Sagicor Real Estate Fund gained 99 cents to end at $15, with 6,365 shares. Scotia Group climbed $1.34 to $51.50, with 30,645 units, Seprod finished trading at $33.01, with 427 shares, Supreme Ventures fell 5 cents and ended at $11.70, with 36,109 shares, Victoria Mutual Investments concluded trading at $4.21, after slipping 4 cents with 218,181 stock units, Wisynco Group fell 9 cents and finished at $10.90, with 95,232 units. In the main market preference segment, Jamaica Money Market 7.25% ended trading at $2.55, with 500 shares and Jamaica Money Market 7.5% traded at $1.92, with 6,364 stock 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 hits new record – Monday.”

JSE main market hits new record – Monday

Stocks closed at a new record high on the Jamaica Stock Exchange main market on Monday, with the JSE All Jamaican Composite Index increased by 1,415.92 points to end at a record close of 327,594.70 and the JSE Index rising 1,290.06 points to a new closing record of 298,475.80.
In the morning session the market traded in intraday record territory with the JSE All Jamaican Composite Index climbing by 2,419.83 points to 328,598.61 and the JSE Index jumping 2,204.74 points to 299,390.48.
At the close, 24 securities traded, compared to 26 on Friday and ended with the prices of 9 stocks rising, 8 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading,  Jamaica Producers ended with a rise of 99 cents to $16.99, JMMB Group lost $1.10 to $27.22, as some selling came into the market for the stock. NCB Financial rose $1 to $97, PanJam Investment rose $1.45 to $44.45, Sagicor Real Estate Fund rose 99 cent to $15 and Scotia Group climbed $1.34 to $51.50.
Main market activity ended with 3,603,029 units valued at $73,318,401 compared to 6,877,671 units valued at $68,979,399 on Friday. At the close of trading only two securities traded more than 300,000 units as JMMB Group closed with 1,208,947 units changing hands and accounting for 33.55 percent of the volume traded Carreras with 1,171,484 units accounted for 32.5 percent of the day’s volume and Jamaica Broilers Group ended with 570,105 units or 15.82 percent of the volume..
Trading resulted in an average of 156,653 units valued at an average of $3,187,757 for each security traded. In contrast to 264,526 units for an average of $2,653,054 on Friday. The average for the month to date is 770,204 shares with a value of $4,361,464 and previously 807,049 shares with a value of $4,437,293. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
In the US dollar market Proven Investments lost 1 cents to end at 22 US cents while trading just 1,000 shares leaving the Market index 3.78 to end at 172.17.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see –  New JSE record on limited volume.

New record close for JSE – Friday

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Stocks closed at a new record high on the Jamaica Stock Exchange main market on Friday.
Within 95 minutes of trading in the morning session the market was trading in intraday record territory, with the JSE All Jamaican Composite Index climbing by 3,266.33 points to territory of 328,244.31 and the JSE Index jumping 2,976.00 points to 299,067.67. By the close of trading, the market failed to hold on to the big early gains, leaving the JSE All Jamaican Composite Index increasing by a more modest 1,200.80 points to a record close of 326,178.78 and the JSE Index advancing by 1,094.07 points, to a record close 297,185.74.

Kingston Wharves jumped $5 to a record close on Friday.

At the close, the indices just edged out the record close of 326,087.70 on JSE All Jamaican Composite Index on April 6 and 297,102.76 for the JSE Index.
At the close, 26 securities traded, compared to 25 on Thursday and ended with the prices of 9 stocks rising, 9 falling and 8 trading firm, in the main and US dollar markets. There was no trading in the US dollar market on Friday.
At the close of trading, Kingston Wharves rose $5 to be the major mover for the day and ended at a record high of $50, Jamaica Producers ended up 90 cents to $16, Sagicor Real Estate Fund lost 99 cents to $14.01, Scotia Group dropped $1.84 to $50.16 and Seprod lost 99 cents to $33.01.
Main market activity ended with 6,877,671 units valued at $68,979,399 compared to 2,507,681 units valued at $38,468,870 on Thursday. At the close of trading only two securities traded more than 300,000 units as Ciboney Group closed with 3,042,400 units changing hands, accounting for 44.24 percent of the volume traded and Jamaica Producers took 28.5 percent of the day’s volume with 1,958,288 units.
Trading resulted in an average of 264,526 shares valued at $2,653,054, for each security traded, compared to 108,162 shares valued at $1,672,560 on Thursday. The average for the month to date is 807,049 shares with a value of $4,437,293 and previously 846,561 shares with a value of $4,577,870. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with a lower offers.
For more details of market activities see – Kingston Wharves pushes JSE to new record.

Kingston Wharves pushes JSE to new record.

Kingston Wharves jumped $5 to a record close at $50 on Friday.

Kingston Wharves jumped $5 and ended at a record high of $50 on modest volume and helped to push the market to new highs on Friday. On Tuesday, the price jumped $5, to the then new high of $45.
Scarcity seems the main factor behind the sharp rally in so short a time frame with 94 percent of the 1.347 billion shares held by the top 10 shareholders. Kingston Wharves close trading with the bid to buy 1,400 units at $50 and no stock being offered. This stock is ideal for a split with more than the relatively high price and limited supply.
Trading levels rose on the Main Market of the Jamaica Stock Exchange on Friday but remained moderate with an average of only 264,526 shares valued at $2,653,054 each trading.
At the close 26 securities changed hands, resulting in 6,877,671 units valued at $68,979,399 trading compared to 2,507,681 units valued at $38,468,870 on Thursday.
The main market closed with 9 securities rising, 9 declining and 8 trading firm, leading to the JSE All Jamaican Composite Index increasing by 1,200.80 points to end at a record close of 326,178.78 and the JSE Index rising 1,094.07 points to a new closing record of 297,185.74.
In market activity, Barita Investments closed at $9.50, with 100,889 shares, Berger Paints ended at $19, with 101,218 stock units, Carreras concluded trading at $10.90, with 214,871 units, Caribbean Cement finished at $36.50, with 28,334 shares, Ciboney Group rose 1 cents and settled at 13 cents, trading 3,042,400 shares. Grace Kennedy ended trading at $49, with 17,235 shares, Jamaica Broilers fell 40 cents to close at $20.05, trading 4,327 stock units, Jamaica Producers climbed 90 cents and finished trading at $16, with 1,958,288 units, Jamaica Stock Exchange fell 48 cents and closed at $6.50, with 30,000 shares. JMMB Group ended at $28.32, after gaining 32 cents with 181,452 shares trading, Kingston Wharves jumped $5 and finished at $50, with an exchange of 3,200 stock units, Mayberry Investments settled with a gain of 5 cents at $6.05, with 72,493 units, NCB Financial Group fell 25 cents and ended trading at $96, with 79,768 shares. 1834 Investments traded with a gain of 13 cents at $1.20, with 128,014 shares, PanJam Investment climbed 60 cents and closed at $43, with 55,875 stock units, Pulse Investments concluded trading at $1.80, with 59,400 shares, Radio Jamaica rose 5 cents finished at $1.10, with 251,100 shares. Sagicor Group settled dropped 65 cents and landed at $36.85, with 14,377 shares and Sagicor Real Estate Fund lost 99 cents to settled at $14.01, with 3,000 shares changing hands. Salada Foods fell 5 cents to $11.15, with 400 stock units, Scotia Group lost $1.84 to $50.16, with 187,520 units trading, Seprod finished trading with a loss of 99 cents at $33.01, after trading 942 shares. Sterling Investments closed at $13.89, with 1,000 shares, Supreme Ventures ended at $11.75, with 19,400 shares, Victoria Mutual Investments concluded trading at $4.25, with a loss of 13 cents in exchanging 38,035 stock units and Wisynco Group rose 49 cents and finished at $10.99, with 284,133 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 “New record close for JSE – Friday.”

Junior Market jumps 47 points – Friday

The Junior Market fell at the close of trading on Friday with 19 securities changing hands as the prices of 7 securities advanced, 5 declined and 7 remained unchanged as market Index jumped 46.58 points to 2,947.73.
Trading ended with an exchange of 2,462,706 units valued at $9,020,103 up sharply from 1,190,114 units valued at $4,531,582 on Thursday.
Market activity ended with an average of 129,616 units for an average of $474,742 compared to an average of 62,638 units for an average of $997,673 on Thursday. The average volume and value for the month to date, amounts to 266,611 units at $566,937 compared to 140,892 units at $573,523 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 3 stocks ending with bids higher than the last selling prices and 6 with lower offers.
At the close of the market, Caribbean Cream ended trading 80 cents higher at $4.80, with 30,000 shares changing hands, Caribbean Producers rose 35 cents to close at $5, with 14,955 units, Consolidated Bakeries closed with a loss of 5 cents at $1.95, trading 542 shares, Derrimon Trading concluded trading 10 cents higher at $9.50, with 40,270 shares, Elite Diagnostic settled with a loss of 5 cents at $3.15, exchanging 129,503 units. FosRich Group fell 14 cents to $2.41, with 13,924 shares, General Accident closed with a loss of 14 cents at $3.01, with 4,967 stock units trading, GWest Corporation ended at $2.50, with 9,050 units, Honey Bun concluded trading 15 cents higher at $4.60, with 86,460 shares. Iron Rock finished at $3, with 200,000 shares, ISP Finance settled 1 cent higher at $15.01, with 30,000 shares, Jetcon Corporation traded 25 cents higher at $4.50, with 131,031 units, KLE Group closed at $2.45, with 3,383 shares. Lasco Distributors concluded trading 13 cents higher at $4.15, with 147,874 stock units, Lasco Financial finished at $5.20, with 194,766 units, Lasco Manufacturing closed at $4, with 126,625 shares, Stationery and Office closed at $5.90, with 231,203 units and tTech concluded trading with a loss of 28 cents at $5.50, as 68,153 shares traded. In the junior market preference segment, newly listed Derrimon Trading 9% preference share closed at $2, with 1,000,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

100 listings for Jamaica Stocks Exchange

The Jamaica Stock Exchange (JSE) with the listing of four preference share issues on the Main Market by JMMB Group on April 19, achieved its hundredth listing of securities on the Exchange.
JMMB Group listed its US dollar Cumulative Redeemable 5.5% and 5.75% Preference shares on the US dollar market while the Jamaican dollar Cumulative Redeemable 7.25% and 7% Variable rate Preference Shares were listed by JMMB on the main market. JMMB raised over $9 billion from the market with these instruments. Since coming to market in 2007, JMMB has raised over $23 billion from the capital markets through its listings of 16 securities over the period. Currently, with 11 securities listed on the markets, JMMB has the record of having the most securities listed by any company.

Kino Williamson (l), Head of Finance, Cable Bahamas Ltd. points to the USD label while Scotia Investment CEO, Lissant Mitchell points to the JMD label. Also sharing the moment (from left) are Marlene Street Forrest, Managing Director Jamaica Stock Exchange, John Gomez, COO Cable Bahamas and Dylan Coke, VP Originations & Capital Markets, Scotia Investments

Speaking at the event, Marlene Street Forrest, Managing Director of the JSE, stated, “JMMB has used the power of the market and their record of accomplishment most effectively. Since inception, they have raised capital via IPO and have listed ordinary shares, restructured their company, made acquisition and have raised capital through issuance of preference shares. JMMB is a testament of what can be achieved by other companies by using the Exchange as a medium for business expansion and wealth creation. We are seeing where investors, companies and our government are beginning to understand the importance of the stock market in creating wealth sector-by-sector, individual-by-individual and company by company. It is non-discriminatory, non-partisan and is fixed in its pursuit, that is, to create wealth for everyone. We facilitate the listing of different products, classes of shares, government or corporate bonds. This is complemented by our Depository and Trustee Services offerings.”

Keith Duncan, Group Chief Executive Officer of JMMB.

Keith Duncan, Group CEO of JMMB Group congratulated the JSE on its 100th listing and told the audience that “JMMB Group could not have achieved the success it has without the Stock Exchange, which provided a great avenue for companies such as ours to access capital for growth and development. I appeal to all companies to look at the Stock Exchange as a medium to raise capital and do business as the economic climate is right for companies to access capital, with a low interest rate regime, debt to GDP reducing and the Government not in the market crowding out the private sector in respect to funding, this is an opportune time for companies to come to market and raise capital and grow their businesses. JMMB has done it successfully and others can do it too.”

JSE trading in record territory

Kingston Wharves jumped to a record $50 in trading 2,600 shares on Friday morning on the main market of the Jamaica Stock Exchange and helped to push the All Jamaica Index to an all-time record.
At 11.22 am, the JSE All Jamaican Composite Index climbed 3,135.84 points to a to be in intraday record high territory of 328,106.42 and the JSE Index was up 2,850.36 points to 298,942.03 another record level. Jamaica Producers traded 1.85 million units and rose to $16.
The Junior Market was more subdued and traded with a rise of just 3.52 points rise to 2,904.67.

Big gains again for JSE stocks – Thursday

There was just modest volume trading on the Jamaica Stock Exchange main market on Thursday with the JSE All Jamaican Composite Index jumped 2,036.04 points to 324,977.98 and the JSE Index advanced by 1,855.07 points to 296,091.67.
At the close, 25 securities traded, compared to 24 on Wednesday and ended with the prices of 8 stocks rising, 4 falling and 13 trading firm, in the main and US dollar markets. Price changes were mostly moderate, with none exceeding 60 cents at the close of trading.
Main market activity ended with 2,487,721 units valued at $38,468,870 changing hands, compared to 4,971,238 units valued at $81,421,271 on Wednesday. At the close of trading Supreme Ventures closed with the largest volume of 532,107 units, amounting to 21 percent of the overall volume traded, followed by Wisynco Group with 477,649 shares or 19 percent of the volume traded.
Trading resulted in an average of 108,162 units valued at an average of $1,672,560 for each security traded. In contrast to 216,141 units for an average of $3,540,055 on Wednesday. The average for the month to date is 846,561 shares with a value of $4,577,870 and previously 897,409 shares with a value of $4,795,531. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Thursday with 19,960 shares trading valued at US$11,700. JMMB Group 6% preference share ended concluded trading at US$1 with 9,260 stock units and Proven Investments finished trading after adding 3 US cents to end at 23 US cents after trading 10,700 shares. Trading ended with a rise of 9.8 points in the market index to 175.95.
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 5 with a lower offers.
For more details of market activities see – JSE volume jumps value falls – Thursday.

Junior Market falls on Thursday

The Junior Market fell at the close of trading on Thursday with 19 securities changing hands, versus 20 on Wednesday, with gains in 8, declines in 7, while 4 remained unchanged. The Junior Market Index declined by 15.38 points to close at 2,901.15.
Trading ended with an exchange of 1,190,114 units valued at $4,531,582 down sharply from 4,712,347 units valued at $19,953,457 on Wednesday.
Market activity ended with an average of 62,638 units for an average of $997,673 compared to an average of 235,617 units for an average of $997,673 on Wednesday. The average volume and value for the month to date, amounts to 140,892 units at $573,523 compared to 146,912 units at $599,293 on the prior trading day. March closed with an average of 149,999 units valued at $623,819, for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 6 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging gained 1 cent and closed at $2.07, with 65,019 stock units, Consolidated Bakeries closed with 2,000 shares after rising 5 cents to $2, Derrimon Trading concluded trading 25 cents higher at $9.40, with 2,337 shares, Elite Diagnostic added 2 cents to end at $3.20, with 374,941 units trading, Eppley ended trading with a loss of 9 cents at $9.41, as 1,698 shares changed hands. Express Catering traded with a loss of 3 cents at $5.30, with 52,423 shares, FosRich Group finished trading at $2.55, with 174,580 shares, GWest Corporation ended at $2.50, with 19,256 units, Honey Bun concluded trading 3 cents higher at $4.45, with 3,315 shares. Jamaican Teas ended trading with a loss of 3 cents at $5 and an exchange of 29,556 stock units, Jetcon Corporation traded 9 cents higher at $4.25, with 11,763 units, Knutsford Express ended at $14, with 18,116 shares, Lasco Distributors concluded trading with a loss of 13 cents at $4.02, with 295,257 stock units. Lasco Financial finished at $5.20, with 7,000 units, Lasco Manufacturing rose 1 cent to settle at $4, with 28,500 shares, Main Event ended trading 10 cents higher at $6.20, with 47,452 shares, Medical Disposables traded with a loss of 10 cents at $5, after exchanging 10,647 shares, Stationery and Office closed with a loss of 10 cents at $5.90, swapping 17,722 units and tTech fell 2 cents to $5.78, with 28,532 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.