
Media house, RJR traded most shares on friday
The Jamaica Stock Exchange dropped sharply on Friday as declining stocks outpaced advancing ones by a wide margin as just 5 stocks rose, 15 declined and 8 traded firm.
At the close, the All Jamaican Composite Index dropped 2,231.98 points to close at 323,425.19 and the JSE Index dived 2,033.58 points to close at 294,676.90. Market activities resulted in 28 securities trading, compared to 27 on Thursday, in the main and US dollar markets.
The market closed with reduced trading levels, as 7,330,113 units valued at $68,164,850 changed hands, well down from 28,791,979 units valued at $527,232,319 that traded on Thursday. The largest trades were Radio Jamaica with 2,329,526 shares for 31.8 percent of volume traded, 1834 Investments trading 2,253,420 shares accounting for 30.7 percent of the volume traded and Jamaica Broilers with 802,930 units.
Stocks with major price changes are, Grace Kennedy ended trading at $48.50, gaining 75 cents, Jamaica Broilers rose 74 cents to $20, Kingston Wharves fell $1.70 to $47, Sagicor Real Estate Fund settled with a loss of 85 cents at $13.90 and Scotia Group added $1.38 to close at $50.63.
Trading resulted in an average of 281,927 units valued at $2,621,725 compared to 1,107,384 units valued at an average of $20,278,166 for each security traded on Thursday. The average for the month to date is 335,057 shares with a value of $12,075,324, previously 338,126 shares with a value of $12,655,026. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, JMMB Group, 5.75% US preference share finished trading with a loss of 6 cents to US$2, with 1,000 units. The JSE USD Equities Index fell 0.98 points to close at 172.24.
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 just 2 closing with lower offers.
For more details of market activities see – More normality for JSE main market – Friday.
The JSE main market activity returned to more normal levels on Friday with 7,330,113 units valued at $68,164,850 changed hands, down from 28,791,979 units valued at $527,232,319 trading on Thursday.
Sagicor Group settled with a fall of 35 cents at $36.15, with 68,110 shares, Sagicor Real Estate Fund lost 85 cents to end at $13.90, exchanging 27,665 shares, Scotia Group added $1.38 to close at $50.63, in trading 197,361 units, Seprod finished trading at $35, with 3,348 shares, Supreme Ventures ended at $12.60, with 119,389 shares. Victoria Mutual Investments shed by 5 cents and concluded trading at $4.05, with 281,461 stock units traded Wisynco Group finished 10 cents lower at $9.70, with 227,149 units changing hands.
Trading levels on the Junior Market were in line with Thursday as 6,308,783 units valued at $25,012,631 traded on Friday compared to 7,377,691 units valued at $23,298,507 changing hands on Thursday.
The average volume and value for the month to date amounts to 195,232 units with an average value of $922,724 and previously 190,095 units with an average value of $910,702. April closed with an average of 121,622 units at $506,803, for each security traded.
GWest Corporation ended at $2.10, with 954,958 units. Honey Bun concluded trading with a loss of 2 cents at $4.61, with 77,739 shares, Iron Rock finished with a loss of 2 cents at $3.05, with 21,000 shares, ISP Finance drifted $1 lower to $17, with 500 shares, Jamaican Teas ended trading 6 cents higher at $4.40, with 30,563 stock units. Jetcon Corporation traded 10 cents higher at $4.10, with 4,198,551 units, Knutsford Express ended at $12, with 29,985 shares, Lasco Distributors concluded trading with a loss of 11 cents at $4.04, with 8,600 stock units, Lasco Financial finished at $5.20, trading 11,263 units. Lasco Manufacturing settled 20 cents higher at $4.20, with 382,421 shares, Main Event ended trading at $7, with 38,000 shares, Paramount Trading finished trading with a loss of 24 cents at $2.76, with just 1,000 stock units changing hands, Stationery and Office closed with a loss of 30 cents at $8.50, with 36,389 units and tTech concluded trading with a loss of 50 cents to $6, after 67,564 shares changed hands.

The JSE main market slipped slightly at the close of trading on Tuesday with advancing stocks being outnumbered by a wide margin with declining prices, for the second day.
Pulse Investments rose 18 cents and finished at $1.78, with 50,000 shares trading, Radio Jamaica rose 1 cents and settled at $1.31, with 150,000 shares, Sagicor Group dropped $1.50 and ended trading at $36.50, with 81,902 stock units and Sagicor Real Estate Fund finished trading 25 cents higher at $14.75, with 25,793 stock units. Salada Foods traded 10 cents higher to end at a 52 weeks’ high of $15, with 13,000 units. Scotia Group fell $138 to close at $49.25, trading only 763 shares, Seprod concluded trading with a loss of $1 to end at $35, with 7,688 stock units, Supreme Ventures settled for a 40 cents loss to close at $12.60, with 3,202,706 shares, Victoria Mutual Investments fell 7 cents, ending trading at $4.10, with 77,137 shares and Wisynco Group traded at $9.80, after falling by 20 cents with 360,903 shares. In the main market preference segment, JMMB Group 7.25% ended at $2, with 25,000 shares and JMMB Group 7.5% finished with a loss of 5 cents to end at $1, as 724,379 stock units changed hands.
Trading on the Junior Market closed on Thursday with 7,377,691 units valued at $23,298,507, down sharply from 17,217,639 units trading on Tuesday valued at $87,073,568 changing hands.
Market activity ended with an average of 295,108 units for an average of $931,940 in contrast to 688,706 units for an average of $3,482,943 on Tuesday. The average volume and value for the month to date amounts to 177,711 units with an average value of $910,702 and previously 182,941 units with an average value of $909,255. April closed with an average of 121,622 units at $506,803, for each security traded.
Eppley ended trading at $10.18, with 155 shares, Express Catering traded with a loss of 13 cents at $5.90, with 38,434 shares, FosRich Group finished trading at $2.49, with 126,937 shares, General Accident closed 5 cents higher at $3.45, with 10,000 stock units. GWest Corporation ended at $2.10, with 80,400 units, Honey Bun concluded trading with a loss of 2 cents at $4.63, with 1,500 shares, Iron Rock finished with a rise of 2 cents at $3.07, trading 30,000 shares, Jetcon Corporation traded with a loss of 10 cents at $4, with 1,018,125 units. Key Insurance finished trading with a loss of 50 cents at a 52 weeks’ low of $2.75, with 5,228,000 shares, Knutsford Express ended at $12, with 5,109 shares, Lasco Distributors concluded trading with a loss of 5 cents at $4.15, with 239,600 stock units, Lasco Financial lost 16 cents to finish at $5.20, with 18,100 units. Lasco Manufacturing settled at $4, with 83,488 shares, Main Event ended trading at $7, with 6,021 shares, Paramount Trading closed with a loss of 10 cents at $3, exchanging 45,846 stock units and Stationery and Office closed down 15 cents at $8.80, after 8,227 units changed hands.
Trading resulted in an average of 237,406 units valued at an average of $3,289,689 for each security traded. In contrast to 87,342 units for an average of $2,131,859 on Monday. The average for the month to date is 276,670 shares with a value of $12,250,176, previously 279,765 shares with a value of $13,009,983. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
Stocks declined again in trading on the main market on Tuesday, even as advancing stocks outnumbered declining ones by a wide margin.
Caribbean Cement finished trading at $37.50, with 4,490 shares, Ciboney Group settled at 13 cents trading 100,000 shares. Grace Kennedy fell 32 cents trading 9,823 shares at $48.50, Jamaica Broilers lost 40 cents to end at $21.60, with 11,507,048 stock units changing hands, Jamaica Producers rose 19 cents in trading 3,167 units at $16.70, Jamaica Stock Exchange closed at $7.49, with 1,260 shares. JMMB Group ended at $27.60, with 166,847 shares after rising by 60 cents, Mayberry Investments eased just 1 cents, settling at $6.10, with 14,104 units, NCB Financial Group rose by $1 and ended trading at $95, with 55,030 shares, 1834 Investments traded 100 shares, gaining 1 cent to end at $1.08. PanJam Investment closed with a rise of 95 cents at $45.20, exchanging 839,895 stock units, Portland JSX ended at $10, with 129 units, Radio Jamaica lost 5 cents and finished at $1.30, with 68,950 shares, Sagicor Group gained 49 cents to settle at $38, with 84,700 shares, Sagicor Real Estate Fund finished 60 cents higher at $14.50, with 6,700 units.
Salada Foods jumped $1.49 to a record high of $14.90, with 1,250 stock units, Scotia Group jumped $2.63 traded 62,337 units to close at $50.63, Seprod finished trading at $36, with 200 shares, Supreme Ventures gained 32 cents and ended at $13, with 306,420 shares. Victoria Mutual Investments concluded trading at $4.17, exchanging 101,057 stock units and Wisynco Group concluded trading at $10, after rising by 5 cents with 76,787 shares traded. In the main market preference segment, Jamaica Money Market 7.25% rose 5 cents and ended trading at $2.55, with 1,613 shares, Jamaica Money Market 7.5% closed trading at $2, with 2,271 stock units and JMMB Group 7.5% rose 4 cents to finish at $1.05, with 55,767 stock units changing hands.
April closed with an average of 121,622 units at $506,803, for each security traded.
Honey Bun concluded trading with a loss of 5 cents at $4.65, exchanging 7,702 shares, Jamaican Teas rose 34 cents to $4.34, with 5,962 stock units, Jetcon Corporation traded with a loss of 15 cents at $4.10, with 27,857 units, KLE Group closed 5 cents higher at $2.85, with 1,416,905 shares. Knutsford Express ended at $12, with 4,891 shares trading, Lasco Distributors climbed 25 cents to $4.20, with 14,400 stock units, Lasco Financial finished with a loss of 4 cents at $5.36, after trading 15,000 units, Lasco Manufacturing settled at $4, with 2,000 shares. Main Event ended trading at $7, with 64,966 stock units, Medical Disposables traded at $4.60, with 3,761 shares, Stationery and Office ended trading $8.95 with 51,000 shares, changing hands and tTech gained 50 cents to close at $6.50, with 19,717 shares changing hands.
Trading resulted in an average of 237,406 units valued at an average of $3,289,689 for each security traded, in contrast to 87,342 units for an average of $2,131,859 on Friday. The average for the month to date is 276,670 shares with a value of $12,250,176, previously 279,765 shares with a value of $13,009,983. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.