Trading volumes rose but the total sum traded declined on the Main Market of the Jamaica Stock Exchange on Thursday with 4,971,238 units valued at $81,421,271 changing hands compared to 3,313,428 units valued at $132,584,977 on Wednesday.
The main market closed with just 23 securities changing hands, of which 16 rose, 4 declined and 3 traded firm leading to the JSE All Jamaican Composite Index surged 2,036.04 points to 324,977.98 and the JSE Index jumped 1,855.07 points to 296,091.67.
In market activity, Barita Investments closed at $9.50, with 2,000 shares trading, Berger Paints fell 22 cents and ended at $19, with 78,805 stock units, Carreras concluded trading at $10.90, with 363,060 units, Caribbean Cement finished at $36.50, with 18,529 shares, 
Ciboney Group rose 1 cent to close at 12 cents, with 290,000 shares. Grace Kennedy gained 51 cents and ended trading at $49, with 17,135 shares, Jamaica Broilers traded 18,625 units and gained 25 cents to close at $20.45, Jamaica Producers finished trading at $15.10, with 36,245 units but lost 60 cents in the process, Jamaica Stock Exchange closed at $6.98, with 5,500 shares. JMMB Group ended at $28, with 204,808 shares, Kingston Wharves finished at $45, trading 27,949 stock units, Mayberry Investments settled at $6, with 78,629 units, NCB Financial Group rose by 26 cents and ended trading at $96.25, with 97,448 shares. 
PanJam Investment lost 60 cents and closed at $42, with 5,000 stock units, Radio Jamaica finished with a fall of 5 cents at $1.05, exchanging 50,000 shares. Sagicor Group settled at $37.50, with 28,720 shares and Sagicor Real Estate Fund climbed 50 cents to $15, with 10,344 shares. Scotia Group traded at $52, trading 9,220 units, Seprod finished trading at $34, with 3,735 shares, Supreme Ventures ended at $11.75, with a rise of 5 cents, trading 532,107 shares, Victoria Mutual Investments gained 13 cents and concluded trading at $4.38, with 124,747 stock units and Wisynco Group finished trading at $10.50, with 477,649 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 “Big gains for JSE stocks again – Thursday.”
Junior Market strengthens – Wednesday
Lasco Distributors traded 3.78M shares.
The Junior Market rose at the close of trading on Wednesday with 20 securities changing hand, similar to that on Tuesday, leading to gains in 10 and declines in 5, while 5 remained unchanged. The Junior Market Index gained 11.96 points to end at 2,916.53.
Trading ended with an exchange of 4,712,347 units valued at $19,953,457 compared with just 1,074,280 units valued at a mere $4,821,468.
Market activity ended with an average of 235,617 units for an average of $997,673 compared to an average of 53,714 units for an average of $241,073 on Tuesday. The average volume and value for the month to date, amounts to 146,912 units at $599,293 compared to 139,096 units at $564,194 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 9 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended 6 cents higher at $2.06, with the trading of 76,950 stock units, Caribbean Producers finished trading with a loss of 35 cents at $4.65, with 41,835 units, C2W Music ended with a loss of 1 cent at 43 cents, with 14,000 shares, Derrimon Trading concluded trading 15 cents higher at $9.15, with 67,000 shares, Elite Diagnostic settled with a loss of 1 cent at $3.18, trading 34,294 units. Eppley ended trading with a loss of 1 cent at a 52 weeks’ low of $9.50, with 17,350 shares changing hands, Express Catering traded 8 cents higher at $5.33, with 20,000 shares, 
FosRich Group finished trading at $2.55, with 143,514 shares, General Accident closed 15 cents higher at $3.15, with 25,000 stock units. ISP Finance settled 1 cent higher at $15, with 17,607 shares, Jamaican Teas ended trading after rising 3 cents to $5.03, with 25,000 stock units, Jetcon Corporation traded 1 cent higher at $4.16, with 73,064 units, Key Insurance finished trading with a rise of 40 cents to $3.40, with 121 shares. Knutsford Express ended at $14, with 200 shares traded, Lasco Distributors gained 13 cents to close at $4.15, with 3,775,816 stock units, Lasco Financial finished at $5.20, with 117,512 units, Lasco Manufacturing settled with a loss of 1 cent at $3.99, with 40,184 shares. Main Event ended trading 5 cents higher at $6.10, with 70,000 shares, Paramount Trading finished trading at $3.10, with 5,000 stock units and Stationery and Office closed at $6, with 147,900 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Big gains for JSE majors – Wednesday
Kingston Wharves jumped $5 to a record close at $45 on Wenesday.
There was just modest volume trading on the Jamaica Stock Exchange main market on Wednesday with the JSE All Jamaican Composite Index jumped 2,508.77 points to 322,941.94 and the JSE Index climbed 2,285.77 points to 294,236.60.
At the close, 24 securities traded, compared to 25 on Tuesday and ended with the prices of 16 stocks rising, 4 falling and 4 trading firm, in the main and US dollar markets.
At the close of trading Berger Paints jumped $1.02 to $19.22, Kingston Wharves jumped $4 to record closing high of $45, NCB Financial rose 98 cents to $05.99, PanJam Investment climbed $1.25 to $43, Scotia Group rose $1.03 to $52 and Seprod was up 99 cents to $34.
Main market activity ended with 4,971,238 units valued at $81,421,271 changing hands compared to 3,313,428 units valued at $132,584,977 on Tuesday. At the close of trading Carreras closed with the largest volume of 1,661,256 units, amounting to 33.42 percent of the overall volume traded, followed by Scotia Group with 647,818 shares or 13 percent of the volume traded and Radio Jamaica with 563,453 units or 11.33 percent of the day’s volume.
Trading resulted in an average of 216,141 units valued at an average of $3,540,055 for each security traded. In contrast to 138,060 units for an average of $5,524,374 on Tuesday. The average for the month to date is 897,409 shares with a value of $4,795,531 and previously 947,792 shares with a value of $4,897,207. 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 Wednesday with Proven Investments finishing trading at 20 US cents after trading 30,955 shares for US$6,410. Trading ended with a rise of 3.31 points in the market index to 164.15 as the average price of Proven inched higher during the day.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – JSE main market trading climbs – Wednesday.
Modest gains for JSE majors – Tuesday
Carib Cinema, the flagship for Palace Amusement, the company’s stock climbed $29 on Tuesday.
There was just modest volume trading on the Jamaica Stock Exchange main market on Tuesday with the JSE All Jamaican Composite Index increased by 144.01 points to 320,433.17 and the JSE Index advanced by 131.21 points to 291,950.83.
At the close, 25 securities traded, compared to 28 on Monday and ended with the prices of 9 stocks rising, 11 falling and 5 trading firm, in the main and US dollar markets.
At the close of trading Palace Amusement jumped $29 to $780 and Seprod fell $2.39 to $33.01 as only two securities with major price movements.
Main market activity ended with 3,313,428 units valued at $132,584,977 compared to 2,407,626 units valued at $18,652,792 on Monday. At the close of trading, NCB Financial Group closed trading with 1,244,263 units accounting for 37.55 percent of the volume traded and Ciboney Group with 962,000 units and 29 percent of the day’s volume.
Trading resulted in an average of 138,060 shares valued at $5,524,374, for each security traded, compared to 89,171 shares valued at $690,844 on Monday. The average for the month to date is 947,792 shares with a value of $4,897,207 and previously 1,015,505 shares with a value of $4,839,315. 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 Tuesday with Proven Investments finishing trading at 20 US cents after trading 4,206 shares for US$841. Trading ended with an unchanged market index of 162.84.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 89stocks ended with bids higher than their last selling prices and 4 with a lower offers.
For more details of market activities see – JSE main market trading climbs – Tuesday.
Junior Market consolidating – Tuesday
Stationery & Office Supplies traded at new record high on Tuesday.
At the close of Junior Market activities, 20 securities changed hands compared 24 securities on Monday leading to declines in the prices of 7, with 6 rising, while 7 remained unchanged and leading to the Junior Market Index declining 1.38 points to 2,904.57.
Trading ended with an exchange of 1,074,280 units valued at $4,821,468 compared with 1,793,298 units valued at $7,093,168.
Market activity ended with an average of 53,714 units for an average of $241,073 compared to an average of 74,721 units for an average of $295,549 on Monday. The average volume and value for the month to date, amounts to 139,096 units at $564,194 compared to 147,346 units at $595,413 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 9 stocks ending with bids higher than the last selling prices and 4 with lower offers.
At the close of the market, AMG Packaging ended at $2, with 22,875 stock units changing hands, 
Cargo Handlers settled with a loss of 48 cents at $9.55, with 4,340 shares, Caribbean Cream ended trading with a loss of $1.30 to $4.50, with 17,648 shares changing hands, Caribbean Flavours traded at $11, with 4,000 stock units, Caribbean Producers finished trading at $5, with 1,420 units. Elite Diagnostic settled with a loss of 24 cents at $3.19, with 97,662 units, Express Catering traded with a loss of 5 cents at $5.25, with 92,624 shares, FosRich Group finished trading 15 cents higher at $2.55, with 17,000 units, General Accident closed 5 cents higher at $3, with 167,500 stock units. Honey Bun concluded trading 2 cents higher at $4.42, with 5,895 shares, ISP Finance settled with a loss of 1 cent at $14.99, exchanging 933 shares, 
Jamaican Teas ended trading at $5, with 80,444 stock units, Jetcon Corporation traded at $4.15, with 35,793 units. Knutsford Express ended $1.52 higher at $14, with 4,907 shares, Lasco Financial finished with a loss of 8 cents at $5.20, trading 136,497 units, Lasco Manufacturing settled 1 cent higher at $4, with 137,622 shares, Main Event ended trading 5 cents higher at $6.05, with 11,963 shares. Paramount Trading ended at $3.10, with 47,094 stock units changing hands and Stationery and Office closed at $6, after trading at an intraday record high of $6.20 with 177,063 units. In the Junior Market preference segment, Eppley ended with a loss of 25 cents at $6, trading 11,000 stock shares.
Prices of securities trading for the day are those at which the last trade took place.
SOS writing book manufacturing starts May
Stationary and Office Supplies – Montego Bay offices.
Stationery and Office Supplies (SOS) purchase of equipment used to manufacture various types of writing books as well as the brand name SEEK.
“This purchase will allow SOS to enter the manufacturing industry in Jamaica starting with books and a plan to continue to manufacture other stationery products in the future”, SOS states.
Machinery purchased includes the following: Ruling machines, Guillotines, Gluing Machines, Stapling Machines and Book Presses.
The total value of the purchase is $60 million and is being financed through a bond with Jamaica National amounting to $80 million at an interest rate of 8 percent, and a duration for repayment of 7 years. The company expects that the total investment including machinery, raw materials and renovations will exceed $80 million. The Company said with this expansion, SOS initially be employing an additional 25 persons with production expected to start during the first week of May 2018. Prior to the acquisition a compliment of 40 persons were employed with a mixture of full time and part timers. Revenues expected in the first twelve months is estimated at $130 million but could rise beyond this, as the business maintains most of the customers for books and SOS leverage their existing customers base and others for more business. According to 
Allan McDaniel, Deputy Managing Director & Director of Warehousing and Logistics, the previous owner operated for about six months per year, but SOS will be able to operate full time and at less cost. The operation will be housed in the adjoining building they acquired last year and effectively fills out the space with their expanded inventories occupying about half. Profit margin is attractive and will almost ensure that the company will profit from it, this year, with growth estimated by them to likely be in the 30 percent region coming from both local and export sales. The new operation could deliver around $40 million to profit in 2018 and around $70 million in 2019, IC Insider.com estimates. Speaking about SOS operations, McDaniel would only say they are happy with the first quarter, that was helped by an increased inventory, now around $170 million compared to $117 million in March last year, just ahead of the public share offer. McDaniel said that while some of the fellow businesspersons are talking about a weak first quarter, SOS expects to report continued growth.
The company’s stock ended at a record close of $6 on the Junior Market of the Jamaica Stock Exchange on Tuesday gaining 200 percent since it was listed in August last year.
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Modest fall for JSE majors – Monday
There was just modest volume trading on the Jamaica Stock Exchange main market on Monday, with the JSE All Jamaican Composite Index declining 763.81 points to 320,289.16 and the JSE Index declined by 695.92 points to 291,819.62.
At the close, 28 securities traded, compared to 27 on Friday and ended with the prices of 9 stocks rising, 13 falling and 6 trading firm, in the main and US dollar markets.
At the close of trading only NCB Financial Group ended trading with sizable price change having fallen by $1.08 to $95.50.
Main market activity ended with 2,407,626 units valued at $18,652,792 compared to 8,083,593 units valued at $186,825,752 on Friday. At the close of trading, Ciboney Group closed trading with 1,349,330 units amounting to 56 percent of the volume traded and JMMB Group with 7.50 percent with 240,686 units and 10 percent of the day’s volume.
Trading resulted in an average of 89,171 shares valued at $690,844, for each security traded, compared to 384,933 shares valued at $8,896,464 on Friday. The average for the month to date is 1,015,505 shares with a value of $4,839,315 and previously 1,111,701 shares with a value of $5,320,039. 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 Monday with Productivity Business finished trading at 56 US cents after trading 3,000 shares. Trading ended with an unchanged market index of 162.84.
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 3 with a lower offers.
For more details of market activities see – JSE main market trading drops sharply – Monday.
Stationery & Office at record close – Monday
SOS ended at a record close on Monday & poised to go higher.
Stationery and Office (SOS) ended trading at a record closing high of $6 on Monday, even as Investors cut the prices of the majority of Junior Market stocks.
SOS price hit $6 for the second time since listing in August last year but it is the first time that it closed at the high. The stock has broken out of a narrow trading channel that is was in since November last year. New resistance is just above the latest closing price. The move higher was greeted by aggressive buying shortly after the market opened on Monday and ended with a bid at $6.
At the close of market activities, 24 securities changed hands compared 19 securities changing hands on Friday leading to declines in the prices of 15 and gains in only 4, while 5 remained unchanged. The Junior Market Index dropped 49.71 points to close at 2,905.95. Trading ended with an exchange of 1,793,298 units valued at $7,093,168 compared with 1,167,347 units valued at $4,190,359.
Market activity ended with an average of 74,721 units for an average of $295,549 compared to an average of 61,439 units for an average of $220,545 on Friday.
The average volume and value for the month to date, amounts to 147,346 units at $595,413 compared to 156,870 units at $634,740 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 7 stocks ending with bids higher than the last selling prices and 5 with lower offers.
At the close of the market, Caribbean Cream ended trading with a loss of 15 cents at $5.80, with 8,400 shares, Caribbean Flavours traded with a loss of 50 cents at $11, with 9,100 stock units, Caribbean Producers finished trading with a loss of 50 cents at $5, with 137,779 units, Consolidated Bakeries closed with a loss of 5 cents at $1.95, with 19,158 shares, Derrimon Trading concluded trading 7 cents higher at $9, with 9,343 shares. Elite Diagnostic settled 4 cents higher at $3.43, with 303,573 units,
Eppley ended trading with a loss of 9 cents at $9.51, with 288 shares, Express Catering traded at $5.30, with 2,639 shares, FosRich Group finished trading at $2.40, with 11,040 shares. General Accident closed with a loss of 5 cents at $2.95, with 229,895 stock units, GWest Corporation ended with a loss of 59 cents at $2.50, with 179,700 units, Honey Bun concluded trading with a loss of 35 cents at $4.40, with 6,500 shares, Iron Rock finished at $3, with 109,700 shares. Jamaican Teas ended trading with a loss of 16 cents at $5, with 750 stock units, Jetcon Corporation traded at $4.15, with 18,938 units, KLE Group closed with a loss of 5 cents at $2.45, with 11,500 shares, Knutsford Express ended with a loss of 1.52 cents at $12.48, with 850 shares. Lasco Distributors concluded trading $4.02 higher at $4.02, with 160,040 stock units, Lasco Financial finished with a loss of 2 cents at $5.28, with 8,970 units, Lasco Manufacturing settled with a loss of 1 cent at $3.99, with 271,118 shares, Main Event ended trading with a loss of 4 cents at $6, with 14,067 shares. Medical Disposables traded at $5.10, with 7,400 shares, Stationery and Office closed 48 cents to a record closing high of $6, with 267,550 units and tTech concluded trading 5 cents higher at $5.80, with 5,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market trading drops sharply – Monday
Trading levels rose sharply on the Main Market of the Jamaica Stock Exchange on Monday with 2,407,626 units valued at just $18,652,792 changing hands, compared to 8,083,593 units valued at $186,825,752 changing hands on Friday.
The main market closed with just 27 securities changing hands, of which 9 rose, 13 declined and 5 traded firm leading to the JSE All Jamaican Composite Index fell 763.81 points to 320,289.16 and the JSE Index declined by 695.92 points to 291,819.62.
In market activity, Berger Paints added 10 cents to end at $18, with 74,122 stock units trading, Carreras fell 10 cents and concluded trading at $10.80 with 11,218 units, Caribbean Cement lost 3 cents and finished trading at $35.77 with 2,291 shares, Ciboney Group settled 12 cents trading 1,349,330 shares, Grace Kennedy ended trading at $48, with 2,181 shares. Jamaica Broilers rose 25 cents and closed trading at $20.50 with 1,035 stock units, Jamaica Producers finished trading losing 19 cents to end at $15.80, with 4,312 units, Jamaica Stock Exchange gained 50 cents and closed at $7, with 1,000 shares, JMMB Group lost 50 cents to end at $27, with 16,603 shares. Kingston Properties lost 20 cents and concluded trading at $5.25, with 3,727 shares, Mayberry Investments shed 25 cents and settled at $6, with 8,063 units, NCB Financial Group ended trading losing $1.08 to $95.50 with 18,081 shares, 1834 Investments traded at $1.19 with 16,986 shares after slipping 1 cent. PanJam Investment closed 50 cents lower at $41.50 with 3,960 stock units, Portland JSX ended at $8.01 with a loss of 49 cents after trading 15,883 units,
Radio Jamaica rose 4 cents and finished at $1.09 with 45,943 shares, Sagicor Group gained 1 cent and settled at $37.56 with 77,870 shares and Sagicor Real Estate Fund fell 50 cents to $14.50 with 13,983 shares. Salada Foods added 10 cents and ended trading at $11.20 with 2,940 stock units, Scotia Group traded 164,153 units, rising 5 cents to $50.20 in the process, Seprod fell 10 cents and finished trading at $35.40 with 118 shares, Supreme Ventures ended at $11.65 with 10,500 shares after losing 5 cents, Victoria Mutual Investments rose 5 cents and concluded trading at $4.20, with 191,987 stock units and Wisynco Group rose 27 cents and ended at $10.48 with 119,419 units trading. In the main market preference segment, JMMB Group 7.25% finished trading at $1.50, with 100 units and JMMB Group 7.5% closed at $1, with 240,686 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 “Modest fall for JSE major – Monday .”
JSE major drops 1,553 points – Friday
Trading on the Jamaica Stock Exchange main market ended on Friday with the JSE All Jamaican Composite Index dropping 1,552.80 points to 321,052.97 and the JSE Index shedding 1,414.78 points to 292,515.54.
At the close, 23 securities traded, compared to 27 on Thursday and ended with the prices of 10 stocks rising, 6 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading only two stocks closed with sizable changes, with Kingston Wharves falling 99 cents to close at $40 and Scotia Group losing $1.85 to end at $50.15.
Main market activity ended with 8,083,593 units valued at $186,825,752 compared to 4,713,225 units valued at $80,181,699 on Thursday. At the close of trading, Kingston Wharves closed trading with 3,363,504 units accounting for 41.61 percent of trading followed by Jamaica Producers with 2,014,107 units or 24.92 of the day’s volume and Ciboney with 1,258,000 units or 15.56 percent of stocks traded.
Trading resulted in an average of 384,933 shares valued at $8,896,464, for each security traded, compared to 181,278 shares valued at $3,083,912 on Thursday. The average for the month to date is 1,111,701 shares with a value of $5,320,039 and previously 1,175,559 shares with a value of $4,965,770. 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 Friday with Productivity Business finished trading at 56 US cents after falling 1.23 cents with 500 shares and Proven Investments closed trading with 25,000 units valued at $5,280 and closed at 20 US cents. Trading ended with a fall of 1.13 points of the market index to 162.84.
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 5 with a lower offers.
For more details of market activities see – Trading jumps on JSE main market – Friday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, , Ciboney, Jamaica Broilers, Grace Kennedy, Scotia Group,