Moderate gains for JSE US market

May 11, 2021 by

Trading on the US dollar market of the Jamaica Stock Exchange ended on Tuesday, with the market rising moderately after investors transferred 15 percent fewer shares than on Monday at 75 percent less the value.
Trading ended with six securities changing hands, compared to five on Monday, with the prices of two stocks rising, two declining and two remaining unchanged.
The JSE USD Equity Index gained 2.55 points to close at 211.03. The average PE Ratio ended at 13.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 328,568 shares traded for US$13,722 down from 386,627 units at US$55,541 on Monday.
Trading averaged 54,761 units at US$2,287 compared to 77,325 shares at US$11,108 on Monday. The month to date averaged 56,029 units traded at US$3,758 in contrast to 56,266 units at US$4,034 on Monday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and one with a lower offer.
At the close of the market, First Rock Capital advanced 0.99 of a cent to end at 9.99 US cents with 56,942 shares traded, Margaritaville remained at 9 US cents with investors switching ownership of 2,160 units, Proven Investments held firm at 25 US cents with an exchange of 22,990 stocks. Sterling Investments advanced 0.26 of a cent to finish at 2.3 US cents with a transfer of 10,095 units, Sygnus Credit Investments lost 0.9 of a cent to end at 15.07 US cents with 100 stocks traded and Transjamaican Highway slipped 0.01 of a cent to 0.94 US cents with 236,281 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , ,

Junior Market back at pre-COVID levels

May 11, 2021 by

The Junior Market Index surged past the 3,300 points level for the first time since January 3, last year, when the market closed at 3378.20. At the close on Tuesday, the index jumped 53.41 points to land at 3,317.87, having now recovered all COVID-19 losses and more.
Tuesday’s trading was dominated by recently listed Junior Market stock, Future Energy Source, with 72.1 percent of total volume, after an exchange of 9.55 million shares, followed by Derrimon Trading, with 8.1 percent with 1.07 million units and Tropical Battery 3.9 percent with an exchange of 521,789 shares.
At the close of trading, 37 securities changed hands down from 40 on Monday, with 18 stocks rising, 10 declining and nine remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 11.9.
The total of 45 percent more funds exchanged in trading 73 percent more shares than on Monday as 13,231,940 shares traded for $21,484,542, up from 7,657,019 units $14,785,764 on Monday.
Trading averaged 357,620 units at $580,663 in contrast to 191,425 at $369,644 on Monday. The month to date, averaged 332,395 units at $782,617, compared to 328,355 units at $814,965 on Monday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows three stocks ending, with the bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 21 cents to close at $3.39 with 29,946 shares changing hands, Caribbean Assurance Brokers dropped 17 cents to end at $1.90 with an exchange of 73,761 stocks after the company posted lower first quarter profit than they did in 2020. Caribbean Cream jumped 75 cents to $6.05 with a transfer of 74 units. Caribbean Flavours rose 5 cents to $2.30 with investors switching ownership of 18,068 shares, Caribbean Producers lost 5 cents to end at $3.70 with 78,010 units traded, Consolidated Bakeries advanced 24 cents to $1.65 with 482 stocks changing hands. Derrimon Trading gained 6 cents to close at $2.60 with an exchange of 1,065,315 stock units, Elite Diagnostic fell 32 cents to $2.81 with a transfer of 650 shares, Everything Fresh fell 13 cents to $1.04 with 15,000 stocks passing through the market. Fontana rose 13 cents to $6.13 with an exchange of 33,522 units, Fosrich climbed 21 cents to close at $8.20 with a transfer of 37,959 stock units, General Accident climbed 46 cents to $6.30, with investors switching ownership of 191,612 shares. Honey Bun dropped 20 cents to close at $6.20, with 467 units traded, Lasco Distributors advanced 39 cents to $4.40 with 225,841 stocks changing hands, Lasco Manufacturing lost 8 cents to end at $5.10 with an exchange of 37,601 shares. Mailpac Group rose 9 cents to $3.94 with a transfer of 266,768 stock units, Medical Disposables fell 19 cents to close at $5 with the ownership of 64,103 stocks switching, Paramount Trading gained 9 cents to finish at $1.39 with 10,029 units changing hands and Stationery and Office Supplies jumped 48 cents to settle at $6 with 11,290 shares crossing the exchange.

  Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

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

Low trading activity hits JSE Main Market

May 11, 2021 by

In stock market activity on Tuesday, investors traded 44 percent fewer shares valued 49 percent less than on Monday with just 5,625,284 shares trading for a mere $35,183,198 compared to 10,081,649 units at $68,340,342 on Monday on the Jamaica Stock Exchange Main Market.
Trading activity led to a nice rise in the All Jamaican Composite Index that climbed 2,013.60 points to settle at 449,734.73. The Main Index gained 1,725.03 points to 426,387.55 and The JSE Financial Index inched 0.10 points higher to 106.79.
At the close, 54 securities traded compared to 51 on Monday, with prices of 23 rising, 19 declining and 12 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.3.
The market closed Sagicor Select Financial Fund led trading with 28.3 percent of total volume for an exchange of 1.59 million shares, followed by Wigton Windfarm with 11.5 percent for 646,723 units and Transjamaican Highway with 11.3 percent for 636,420 units.
Trading averaged 104,172 units at $651,541, compared to 197,679 shares at $1,340,007 on Monday. trading month to date averages 295,768 units at $3,467,257, in contrast to 330,371 units at $3,975,781 on Monday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rose 81 cents to $13.52 in trading 187 shares, Caribbean Cement shed 98 cents to $89, with 3,663 shares changing hands. Carreras fell 25 cents to $9.59 in trading 86,427 stock units, Eppley closed 54 cents higher at $34.74 with 36,375 stocks changing hands. First Rock Capital gained 27 cents to settle at $16.38 in switching ownership of 4,250 units, Key Insurance finished 44 cents lower at $6.05 with the swapping of 207,507 shares, Kingston Wharves rose 69 cents to $44.50 in exchanging 3,490 stocks. Margaritaville advanced $1 to $15.50 after the transfer of 3,281 units, Mayberry Investments lost 25 cents to end at $5.70, with 1,219 stocks clearing the market, MPC Caribbean Clean Energy closed $2 higher at $127 with investors switching ownership of 117 stock units. NCB Financial Group advanced $1.50 to $141.50 with 10,070 units crossing the market, Palace Amusement climbed $51 to close at $907 after exchanging 6 stock units, PanJam Investment rose 90 cents to end at $64.90 in an exchange of 5,450 units. Portland JSX jumped $2.64 to close at $9.75 after clearing the market of 100 stocks, Salada Foods declined $1.80 at $7.20 in the transferring of 170,698 stock units, Scotia Group rose 99 cents to $41.50, trading 35,174 stocks, Seprod climbed $6.88 to $77.88 after 12,090 stock units switched owners. Stanley Motta shed 30 cents to close at $5.85 with 1,392 units changing hands, Sterling Investments gained 23 cents to end at $2.98 in switching ownership of 20,900 stocks, Supreme Ventures rose $2.64 to a 52 weeks’ high of $19.95 in exchanging 113,998 shares. Sygnus Credit Investments lost 24 cents in ending at $14.65 with the swapping of 15,776 stock units and Wisynco Group lost 50 cents at $15.50 in an exchange of 107,145 stock units.
In the preference segment, Eppley 7.5% preference shares rose 85 cents to close at a 52 weeks’ high of $11.60 in exchange of 210 units, JMMB Group 7.15% – 2028, fell 20 cents to $2.80 in transferring 19,000 shares and Productive Business Solutions 9.75% preference share gained 49 cents to end at $110 with 21 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Main market stocks start the week down

May 10, 2021 by
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Stocks raced 2.949 points shortly after opening, with All Jamaican Composite Index hitting 452,005.57 on Monday, but some amount of selling, later on, pushed the market down for the day, with the declining stocks outnumbering those rising, after 28 percent less funds went after stocks than on Friday on the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index fell 1,335.19 points to 447,721.13, the Main Index dropped 4,869.78 points to 424,662.52 and the JSE Financial Index shed 1.85 points to settle at 106.69.
Trading ended with 51 securities compared to 47 on Friday and closed with 14 stocks rising, 23 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
The market closed with 10,081,649 shares trading for $68,340,342 compared to 9,057,061 units at $95,375,441 on Friday. Sagicor Select Financial Fund was the lead trade accounting for 26.3 percent of total volume, with 2.65 million shares, followed by Wigton Windfarm with 17.7 percent for 1.79 million units, Transjamaican Highway carved out 17.5 percent, with 1.76 million units and QWI Investments 10 percent, with 1.05 million units changing hands.
Trading averaged 197,679 units at $1,340,007, compared to 192,703 shares at $2,029,265 on Friday. Month to date trading averages 330,371 units at $3,975,781, in contrast to 357,658 units at $4,517,815 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 60 cents to $86 after an exchange of 26,212 shares, Berger Paints slipped 79 cents to close at $12.71 in switching ownership of 518 units, Caribbean Cement lost 22 cents to end at $89.98 with a transfer of 15,291 shares. Eppley fell 30 cents to $34.20 with 24,628 stocks changing hands, Grace Kennedy rose 55 cents to close at $89, after trading 105,257 stock units, Jamaica Broilers advanced $2.98 to $33 after clearing the market with 332,852 shares, Jamaica Producers fell $1.50 to $26 in the swapping 32,469 stock units. Mayberry Investments gained 44 cents to close at $5.95 while trading 40,044 shares, MPC Caribbean Clean Energy declined $3 to end at 52 weeks’ low of $125 in switching ownership of 839 units, Palace Amusement dropped $52 to $856 in exchanging 93 stock units. Pan Jam Investment shed 50 cents and ended at $64 with 12,386 shares changing hands, Proven Investments lost 58 cents in closing at $38.20 in transferring 36,735 units, Pulse Investments rose 24 cents to close at $4.65 with 341,070 shares crossing the market, Sagicor Select Manufacturing & Distribution Fund advanced 8 cents to close at a 52 weeks’ high of $1 while exchanging 221,761 units. Salada Foods dipped 30 cents to close at $9, trading 144,058 stock units, Scotia Group fell $1.29 to $40.51 in exchanging 61,843 shares, Seprod declined $4 to close at $71 after 17,111 units crossed the exchange. Supreme Ventures shed 49 cents to settle at $17.31 after an exchange of 136,667 stock units, Sygnus Credit Investments gained 29 cents to end at $14.89 with 34,847 units changing hands.
In the preference segment, Eppley 8.75% preference share shed 99 cents at $6.51 with the swapping of 585 stocks and Eppley 7.5% preference shares advanced $1.40 to a 52 weeks’ high of $10.75 in an exchange of 50 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Steady JSE USD market trading

May 10, 2021 by

Trading ended Monday, with the market index declining after an exchange of  7 percent more shares than on Friday, at the close of the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Similar to Friday, five securities changed hands, with one rising, one declining and three remaining unchanged.
The JSE USD Equity Index lost 3.26 points to end at 208.48. The average PE Ratio ends at 13.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading resulted in 386,627 shares changing hands, for US$55,541, up from 360,862 units at US$13,128 on Friday.
Trading averaged 77,325 units at US$11,108, in contrast to 72,172 shares at US$2,626 on Friday. Trading for the month to date averages 56,266 units at US$4,034 in contrast to 52,366 units at US$2,724 on Friday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital remained at 9 US cents after trading 220,143 shares, Margaritaville finished trading 2,084 units at 9 US cents, Proven Investments lost 1.2 cents to close at 25 US cents, after 137,389 stocks crossed the exchange. Sterling Investments rose 0.04 of a cent in closing at 2.04 US cents trading 27,000 shares and Transjamaican Highway remained at 0.95 US cents, with 11 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , ,

Junior Market moves higher

May 10, 2021 by

Trading was more subdued on Monday than Friday and ended with more stocks declining than rising at the close of the Junior Market of the Jamaica Stock Exchange, nevertheless, the market index gained 20.53 points to settle at 3,264.46.
A total of 40 securities traded compared to 39 on Friday, with 13 stocks rising, 19 declining and eight remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.2.
Investors exchanged 77 percent fewer shares at 82 percent less value than on Friday. Trading amassed 7,657,019 shares for $14,785,764 compared to 33,684,414 units at $82,018,666 on Friday.
Future Energy Source led trading with 43 percent of total volume, after 3.28 million shares changed hands, followed by Paramount Trading 11.1 percent of the day’s trade with 852,642 units and Derrimon Trading with 10.7 percent with a transfer of 816,047 units.
Trading averaged 191,425 units at $369,644, down from 863,703 at $2,103,043 on Friday. Trading month to date averaged 328,355 units at $814,965, compared to 357,031 units at $908,226 on Friday. April ended with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell 20 cents to $21.80 with 611 shares passing through the market, Blue Power dipped 30 cents to $3.60 with an exchange of 45,370 units, CAC 2000 jumped 50 cents to $10 with 2,947 stock units changing hands. Caribbean Cream gained 10 cents to close at $5.30 with a transfer of 642 shares Caribbean Producers slipped 5 cents to $3.75 with 53,048 stocks traded, Express Catering climbed 40 cents to a 52 weeks’ closing high of $5.20, with 16,905 units passing through the market. Fosrich shed 50 cents to end at $7.99 with an exchange of 83,942 stock units, Indies Pharma advanced 16 cents to $4.24 with 20,237 shares changing hands, Jamaican Teas slipped 11 cents to  $4.08 with a transfer of 378,490 stocks. Jetcon Corporation slipped 5 cents to 85 cents with 17,580 units changing hands, Knutsford Express fell 5 cents to $8.45, with 16,147 stock units passing through the market, Lasco Financial climbed 25 cents to $3.35 with an exchange of 50,155 shares. Limners and Bards increased 8 cents to finish at $2.90 with 181,122 stock units changing hands, Mailpac Group rose 5 cents to $3.85 with a transfer of 309,136 units, Main Event advanced 22 cents to $4.87 with 1,323 stocks traded. Medical Disposables fell 9 cents to $5.19 with 102 units passing through the market, Stationery and Office Supplies dropped 93 cents to $5.52 with 5,139 stock units changing hands and tTech lost 28 cents to close at $4.60 with 17,551 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Salada stock price built on folly

May 10, 2021 by

What is going on with Salada Foods share price is the question of a number of investors with the price having been pushed to a record high of $100 in 2021 on a pre-split basis, with the last traded price for the stock at $9.30, the equivalent of $93 on a pre-split basis.
Before the company announced a ten to one stock split, the stock traded at $28.22 on January 12, this year, the day Salada Foods’ directors advised that it will be considering a stock split at a board meeting scheduled to be held on January 21.  The next day the price jumped to $34.04 and hit $47.89 on February 8 but pulled back to $38.09 on February 22.
The stock traded ex split on March 30, with the last trade for the day at $5.45. The day after, news reports incorrectly said the stock price had tumbled 85 percent, but the price actually rose to a record high. The JSE trading report for that day currently shows that the price hit a 52 weeks’ low of $4.95 with the 52 weeks’ high of $50.50.  On April 1, the highest price for the day was a record $7.20, but the JSE shows the 52 weeks’ high of $50.50 and the low as $4.95. On April 6, the highs and lows were adjusted to $7.20 and $2, but the graph of the stock price on the exchange still shows the high at $50 as there is no adjustment for the historical prices that would allow for proper comparison. The JSE has a note at the time of the sharp price change as a Capital Distribution, which is not correct as there was no such event.
The above leaves many investors confused. No wonder they are pushing the stock to levels that defy gravity and logic. The news that the stock fell 85 percent sent many unsuspecting investors flying into the stock thinking they are getting a bargain.
Salada reported earnings in the December quarter of 13 cents per share on revenues that fell from $288 million in 2019 to $226 million in 2020. If it is assumed that sales return to the 2019 level for the rest of the 2021 fiscal year with the same profit margin without any further increased cost, the company would earn around 23 cents per share for each quarter, putting full year earnings under $1 before the ten to one stock split. It would mean earnings per share of fewer than 10 cents, putting the PE ratio at an aggressively high of 90 times earnings. Is the company doing some things that will lift earnings dramatically? Is the question that needs an answer? To justify the current stock price, it would require earnings per share somewhere in the 50 cents region, based on the 1 billion shares now issued or $500 million for the year. That is not going to happen anytime soon.
This is a classic case for the company and the Stock Exchange to have provided the public with information on the company’s operations so that investors can be protected.

Filed Under: Company News, Company Results, JSE Main Market, Stock Market Tagged With: , ,

Another TTSE stock set to list on JSE

May 10, 2021 by

Massy Holdings the T&T conglomerate is set to list on the Jamaica Stock Exchange, the second such company to do so, with Guardian Holdings having listed this week. The board made the decision at a meeting held on May 6.
According to a release from the company that has Patrick Hylton as one of its directors, who chairs Guardian Holdings, the directors in making their decision, considered the market sophistication and growth opportunities evident in the Jamaican securities market which has become increasingly more dynamic over the past few years. The release went on to further state, “the board anticipates greater regional and international interest in the company’s shares.”
Massy Holdings generated revenues of TT$3.2 billion up from $3.16 billion for the first quarter ending December and ended with a profit of $188 million up from $167 million resulting in EPS of $1.76 up from $1.57 in the first quarter in 2019. The group could end up with earnings around $6 per share with the stock that last traded at TT$65 on the Trinidad and Tobago Stock Exchange, trading at 11 this year’s earnings.
Massy has just 97,743,000 issued shares, well below the average listed company on the Jamaica Stock Exchange, so unless they do other things to create liquidity and demand for the stock it will languish from lack of investors’ interest.
Conglomerates are notorious for disappointing investors. Jamaicans will point to Grace Kennedy as a great example of a group that promised so much over the years but constantly disappointed investors who looked elsewhere while the company’s profit stagnated.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , , ,

Volume rose on JSE USD Market – Friday

May 7, 2021 by

Trading on Friday ended with just over 23 percent more shares changing hands on Thursday on the Jamaica Stock Exchange US dollar market, resulting in advancing stocks just edging out declining ones. 
Trading ended with five securities changing hands, compared to six on Thursday, with prices of two stocks rising, one declining and two closing unchanged.
The JSE USD Equity Index fell 0.45 points to end at 211.74.
A total of 360,862 shares traded, accounting for US$13,128 versus 292,359 units at US$25,831 on Thursday. The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ended at 13.2.
Trading averaged 72,172 units at US$2,626, versus 48,727 shares at US$4,305 on Thursday. Trading for the month to date averaged 52,366 units at US$2,724 in contrast to 47,865 units at US$2,746 on the prior trading day. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, First Rock Capital stayed at 9 US cents, with 555 shares crossing the market, Margaritaville ended at 9 US cents trading 5,298 shares, Proven Investments fell 0.6 of a cent to 26.2 US cents after trading 15,941 units. Sygnus Credit Investments climbed 0.52 of a cent to 15.97 US cents, with 37,001 units changing hands and Transjamaican Highway rose 0.01 of a cent in closing at 0.95 US cents after 302,067 shares crossed the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , ,

Guardian climbs to a new high of $1,135

May 7, 2021 by

Guardian Holdings made another big impression on the JSE Main Index for the second day running, with the index spiking more than 6,700 points at the close compared to less than 2,000 points for the  All Jamaican Composite Index at the close on Friday of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index rose 1,717.09 points to 449,056.32, the Main Index advanced 6,789.24 points to 429,532.30 and the JSE Financial Index gained 2.78 points to settle at 108.54.
Trading ended with 47 securities compared to 51 on Thursday and closed with prices of 20 stocks rising, 18 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings, averages 16.2.
Trading accounted for 9,057,061 shares for $95,375,441 compared to 14,011,500 units at $108,072,314 on Thursday. Wigton Windfarm led trading with 23.6 percent of total volume for 2.14 million shares, followed by Sagicor Select Financial Fund with 12.6 percent for 1.14 million units and Radio Jamaica 10.6 percent with 959,460 units.
Trading averaged 192,703 units at $2,029,265, compared to 274,735 shares at $2,119,065 on Thursday. Month to date trading averages 357,658 units at $4,517,815, in contrast to 396,230 units at $5,099,715 on Thursday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell $1.40 to $86.60 in trading 291,042 units, Berger Paints gained 30 cents to end at $13.50 with 5,053 stocks clearing the market. Caribbean Cement added 20 cents to close at $90.20 switching ownership of 45,139 shares, Carreras gained 25 cents to end at $9.84 in switching ownership of 334,907 stocks, Eppley Caribbean Property Fund declined $4.79 to close at $40.01 in exchanging 3,277 units, First Rock Capital shed $1.04 to end at $15.96 in switching ownership of 210,759 stocks, Guardian Holdings climbed $27 to end at $900 with an exchange of 3,768 stock units after the price shot up to a high of $1,134.90, Jamaica Broilers declined $2.98 in closing at $30.02 in transferring 38,063 shares, Jamaica Producers shed $3.50 to finish at $27.50 with the swapping of 114,576 units. Key Insurance gained 68 cents ending at $6.50 with 132,886 shares changing hands. Kingston Wharves gained 30 cents to settle at $43.90 after exchanging 31,373 stocks, NCB Financial Group rose $1 in closing at $140 after clearing the market with 40,955 shares, 138 Student Living advanced $1.09 to close at $5.29 with 50 stocks clearing the market, Palace Amusement climbed $8 to $908 in trading 59 stock units, PanJam Investment closed $1 higher at $64.50 after clearing the market with 11,459 shares. Proven Investments rose $1.01 to $38.78 with the swapping of 112,652 units, Sagicor Real Estate Fund slipped 25 cents to close at $7.95 with the transfer of 3,366 stocks, Salada Foods lost 40 cents in closing at $9.30 in trading 145,990 units, Seprod dropped $3 to finish at $75 with 105,935 shares changing hands, Supreme Ventures rose 56 cents to end at $17.80 in switching ownership of 98,891 stock units and Sygnus Credit Investments lost 39 cents ending at $14.60 in trading 39,721 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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