Junior Market ends year up 5.3%

Knutsford Express is the Junior Market’s best performing stock for 2017

The Junior Market Index declined by 13.56 points on the final day of 2017 to close at 2,732.06 on Friday, ending the year with a gain of 5.3 percent, well off from the peak of 31 percent reached in late May.
Even as the market index barely rose, the top performing stock, Knutsford Express climbed 275 percent, followed by pre-owned car dealer, Jetcon Corporation with a gain of 199 percent, then the 2017 listings of Express Catering at third spot with 167 percent rise and Main Event with a gain of 164 percent.

The 2017 listed Main Event was the 4th best performing Junior Market stock for 2017.

Trading on the Junior Market of ended on Friday with 22 securities changing hands, resulting in an exchange of
5,420,352 units valued at $23,431,481 compared to 22,525,167 units valued at $250,208,093 from 23 securities changing hands on Thursday.
At the close of market activities, the prices of 6 securities advanced, 7 declined and 9 remained unchanged.
Trading ended with an average of 246,380 units for an average of $1,065,067 in contrast to 979,355 units for an average of $10,878,613 on Thursday. The average volume and value for the month to date, amounts to 568,732 units valued at $3,447,957 and previously 589,979 valued at $3,373,542. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended at $3, with 27,939 stock units trading, Cargo Handlers ended trading with a loss of 80 cents at $10, with 353 stock units changing hands, Caribbean Cream dropped $1.20 to $4.80, exchanging 2,001,000 units, Caribbean Flavours finished trading at $11, with 4,404 shares, Caribbean Producers closed with a loss of 25 cents at $4, with 1,055,167 shares. Consolidated Bakeries ended at $1.80, with 8,700 stock units, Eppley settled at $12, with 1,000 shares, Express Catering ended trading with a loss of 99 cents at $4.01, with 25,508 stock units, FosRich Group traded with a loss of 2 cents at $3.23, with 122,234 units. General Accident finished trading 5 cents higher at $2.80, with 4,000 shares, GWest Corporation closed 39 cents higher at $3.60, with 1,391,193 shares, Honey Bun ended at $4, with 30,200 stock units, Jamaican Teas settled at $3.70, with 13,330 shares. Jetcon Corporation ended trading 20 cents higher at $5, with 24,329 stock units, Lasco Distributors ended with a loss of 8 cents at $3.90, with 92,966 stock units, Lasco Financial concluded trading 12 cents higher at $5.30, with 432,955 units, Lasco Manufacturing finished 20 cents higher at $3.90, with 6,180 shares. Main Event settled at $5.28, with 5,724 shares, Paramount Trading traded at $3, with 133,000 units, Stationery and Office finished trading 5 cents higher at $4.95, with 25,370 shares and tTech ended with a loss of 11 cents at $6.89, with 9,800 stock units. In the junior market preference segment, Eppley ended at $5.50, with 5,000 shares trading.

Prices of securities trading for the day are those at which the last trade took place.

VM Investments lists on Friday

VM Investments list on Friday

Investors who applied for shares in the public pool in VM Investments recent public issue of shares will get the first 30,000 units and 4.32 percent of the balance.
Employees and Members reserved groups were allocated the full amounts applied for. The offer closed with subscriptions in excess of $2 Billion for the $689,261,487 offered”
A total of 225,003,750 Ordinary Shares in the Offer were reserved for staff and customers of the VMBS Group at discounts from $2.08 to $2.33 each and 75 million for the general public at $2.45 each.
The company’s shares will list on the main market of the Jamaica Stock Exchange on Friday.

NCB Capital Markets Manager, Origination and Structuring Stanley Thompson (left) exchanges laughs with Wisynco Group Limited Chairman William Mahfood during a signing ceremony commemorating a partnership with the local manufacturing and distribution giants. Sharing in the moment, too, are Wisynco Chief Executive Officer Andrew Mahfood and PriceWaterhouseCoopers Director Fiona Hyman

Wisynco started trading on the main market on Thursdays with very strong demand for the shares that were sold to the public at $7.87, by the close of trading attempts were made to trade 3.46 million units as high as $13.50 but most were cancelled as the price exceeded the 30 percent price movement limit of for the day. At the close 2,925,359 units were traded up to $10.09, the maximum price limit for the day.
Wisynco ended with 7,382 new shareholders, with those applying for shares from the General Public pool receiving the first 25,000 units in full and approximately 18.81 percent of the balance.

Wisynco jumps 28% to $10.09

Producers of Wata -Wisynco listed on Thursday

Wisynco shares were listed on the Main Market of the Jamaica Stock Exchange on Thursday, with the price rising $2.22 to end at $10.09 while trading 2,925,359 shares, after it pulled in $18 billion from its IPO with 7,382 new shareholders.
At the close of trading on Thursday, the prices of 8 stocks advanced, 4 declined and 10 traded firm with 4,648,646 units valued at $69,664,482.
Trading ended with the All Jamaican Composite Index jumping 2,370.07 points to 312,205.74 and the JSE Index climbing 2,159.40 points to 284,454.73 with 22 securities changing hands versus 21 securities trading on Wednesday.
In the main market activity, Berger Paints finished 1 cent higher at $16.51, with 2,200 shares trading, Cable & Wireless settled 5 cents higher at $1.10, with 104,781 shares, Caribbean Cement ended trading 99 cents higher at $32.50, with 111,545 stock units, Carreras traded at $11.40, with 65,754 units, Grace Kennedy closed at $43, with 139,950 shares. Jamaica Broilers ended at $18, with 20,988 stock units, Jamaica Producers concluded trading at $16.70, with 19,010 units, Jamaica Stock Exchange finished at $7, with 64,203 shares, JMMB Group settled with a loss of 1 cent at $23, with 404,504 shares. JMMB Group ended trading with a loss of $1 at $23, with 404,504 stock units, Kingston Wharves finished trading at $32.50, with 215 shares, Mayberry Investments closed at $6, with 250,000 shares, NCB Financial ended with a loss of 50 cents at $98.50, with 122,721 stock units. PanJam Investment finished at $44.80, with 12,141 shares, Pulse Investments ended trading at $1.80, with 16,992 stock units, Sagicor Group finished trading $2.24 higher at $37.99, with 43,400 shares, Sagicor Real Estate Fund closed at $15, with 2,000 shares. Salada Foods ended $1 higher at a 52 weeks’ high of $11.50, with 102,000 stock units, Scotia Group concluded trading with a loss of $1.90 at $50.10, with 43,810 units and Supreme Ventures ended trading 80 cents higher at $11.50, with 15,000 stock units. In the main market preference segment,  JMMB Group 7.5% traded 133,300 units at $1.15 and Proven Investments 8.25% ended with 48,773 units trading with a rise of 60 cents at $5.90.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE market indices in sharp upturn.”

JSE market indices in sharp upturn

Trading on the Main Market of the Jamaica Stock Exchange ended with the All Jamaican Composite Index jumping 2,370.07 points to 312,205.74 and the JSE Index climbing 2,159.40 points to 284,454.73 with 22 securities changing hands, versus 21 Securities on Wednesday.
Wisynco shares were listed on the Exchange on Thursday with the price rising $2.22 to end at $10.09 while trading 2,925,359 shares.
At the close of trading, the prices of 8 stocks advanced, 3 declined and 11 traded firm with 4,648,646 units valued at $69,664,482 compared to 18,689,826 units valued at $192,233,164 on Wednesday.
Trading ended with an average of 211,302 units for an average of $3,166,567 in contrast to 50,618 units for an average of $856,086 on Wednesday.
The average volume and value for the month to date amounts to 701,126 units valued at an average of $8,851,977 and previously 730,183 units valued at an average of $9,191,043. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading in the US dollar market, ended with Productivity Business Solutions exchanging 12,900 shares and rose 2 US cents to 57 US cents and Proven Investments US ordinary share losing 1 US cent with 3,653 units changing hands at 19 US cents, the total value of trading amounted to US$7,948 with the JSE USD Equities Index closing 6.11 points lower at 159.33.
The major movers at the close of the market are, Caribbean Cement that gained 99 cents to $32.50, JMMB Group falling by $1 to $23, Sagicor Group jumping by $2.24 to $37.99, Scotia Group that fell $1.90 to $50.10 and Salada Foods rising by $1 to a 52 weeks’ high of $11.50.
Recent initial Public Offering Victoria Mutual Investments will be listed on the main market of the Jamaica Stock Exchange on Friday.

For more details of market activities see – “Wisynco jumps 28% to $10.09.”

Eppley in another big trade

Eppley traded 20m shares on Thursday.

Having traded 10 million shares on Wednesday Eppley traded 20 million shares on Thursday driving Junior Market trading to 22,525,167 units valued at $250,208,093 compared to 12,129,589 units valued at $129,945,469.
Trading ended on Thursday with 23 securities changing hands up from 22 securities on Wednesday, resulting in the prices of 6 securities advancing, 6 declining and 11 remaining unchanged. The Junior Market Index declined by 8.15 points to close at 2,745.62.
Trading ended with an average of 979,355 units for an average of $10,878,613 in contrast to 551,345 units for an average of $5,906,612 on Wednesday. The average volume and value for the month to date, amounts to units 589,979 valued at $3,373,542 and previously 561,183 valued at $2,818,504. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed at $36, with 4,200 shares, AMG Packaging ended at $3, with 40,000 stock units, C2W Music finished 6 cents higher at $0.51, with 26,245 shares, CAC 2000 settled at $1.22 higher at $6.50, with 10,000 shares, Cargo Handlers ended trading with a loss of 10 cents at $10.80, with 2,147 stock units. Caribbean Cream traded at $6, with 19,920 units, Caribbean Producers closed 25 cents higher at $4.25, with 351,376 shares, Consolidated Bakeries ended at $1.80, with 2,487 stock units, Dolphin Cove lost 99 cents to close at $16, with 26,000 shares trading. FosRich traded at an intraday high of $3.70 but ended with a loss of 20 cents at $3.25 in trading of 408,846 shares, Eppley settled at $12, with 20,000,400 shares, Express Catering ended trading 70 cents higher at $5, with 81,427 stock units, newly listed, GWest traded with a loss of 54 cents in trading 1,067,765 shares in closing price of $3.21, Honey Bun finished trading 9 cents higher at $4, with 500 shares, Iron Rock closed at $2.85, with 23,019 shares. Jetcon Corporation finished with a gain of 40 cents at $4.80, with 120,000 shares, Knutsford Express traded at $15, with 55,128 units, Lasco Distributors finished trading with a loss of 1 cent at $3.98, with 127,481 shares, Lasco Manufacturing ended with a loss of 23 cents at $3.70, with 130,028 stock units. Main Event concluded trading with a loss of 72 cents at $5.28, with 4,155 units, Paramount Trading settled at $3, with 22,885 shares and Stationery and Office ended trading at $4.90, with 828 stock units. In the junior market preference segment, Eppley 10% concluded trading at $7.20, with a mere 330 units trading.

Prices of securities trading for the day are those at which the last trade took place.

JSE trading drops sharply on Wednesday

Trading on Jamaica Stock Exchange fell sharply on Wednesday to 1,316,067 units with a value of $22,258,246, down from 18,689,826 units valued at $192,233,164 traded on the Main Market of the on Friday.
Main market activity, ended with 26 securities changing hands, compared to 21 on Friday, with 10 advancing, 6 declining and 10 traded firm. At the close, the All Jamaican Composite Index fell 575.12 points to 309,835.67 and the JSE Index lost 524 points to close at 282,295.32 after the market indices for Friday was raised based on a cancellation of a trade in the shares of Supreme Ventures.
In the main market activity, Berger Paints finished with a loss of $1.60 at $16.50, with 5,555 shares trading, Cable & Wireless settled 5 cents higher at $1.05, with 137,812 shares, Caribbean Cement ended trading with a loss of 49 cents at $31.51, with 41,500 stock units, Carreras traded with a loss of 5 cents at $11.40, with 86,297 units, Ciboney finished trading at 41 cents, with 385,200 shares changing hands. Grace Kennedy closed at $43, with 14,659 shares, Jamaica Broilers ended 1 cent higher at $18, with 16,098 stock units, Jamaica Producers concluded trading with a rise of $1.60 to $16.70, with 3,408 units, Jamaica Stock Exchange finished with a loss of 5 cents at $7, exchanging 5,432 shares. JMMB Group settled 50 cents higher at $24, with 26,090 shares, Kingston Properties traded with a loss of 31 cents at $7.70, with 2,090 units, Kingston Wharves finished trading at $32.50, with 3,641 shares. Mayberry Investments closed 63 cents higher at $6, with 5,000 shares, NCB Financial lost $1 to close at $99, with 58,149 stock units trading. PanJam Investment finished with a loss of 20 cents at $44.80, with 58,860 shares, Pulse Investments ended trading 2 cents higher at $1.80, with 500 stock units, Radio Jamaica traded 2 cents higher at $1.05, with 94,271 units, Sagicor Group finished trading 24 cents higher at $35.75, with 129,580 shares. Sagicor Real Estate Fund closed at $15, with 120,420 shares, Salada Foods ended 55 cents higher at $10.50, with 28,000 stock units. Scotia Group concluded trading with a loss of $1.99 at $52, with 22,737 units, Seprod finished at $30, with 30,840 shares and Supreme Ventures ended trading 30 cents higher at $10.70, with 36,200 stock units. In the main market preference segment, Jamaica Money Market Brokers 7.25% traded 2001 units at $2.49, Jamaica Money Market Brokers 7.5% traded 1,000 units at $1.90 after gaining 10 cents and Proven Investments 8.25% ended with 727 units trading with a loss of 20 cents at $5.30.

Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE changes Friday’s market indices.”

JSE changes Friday’s market indices

Wednesday’s trading report on the Jamaica Stock Exchange activity shows the main market indices declining from Friday’s close, but the closing indices are higher than the official report of the Stock exchange on Friday.
Based on the closing indices reported on Friday, the All Jamaican Composite Index rose 346.61 points to 309,835.67 and the JSE Index gained 315.80 points to close at 282,295.32 on Wednesday. These changes coincide with the changes in the indices as reported on the trading platform. The trading report for Friday now has the indices climbing much higher than originally reported on Friday, by more than 800 points, with the All Jamaica Index ending then at 310,410.75 and the JSE Index at 282,819.36. The change had the effect of the main market falling on Wednesday, with the All Jamaican Composite Index falling 575.12 points to 309,835.67 and the JSE Index down 524.00 points to close at 282,295.32.
The Jamaica Stock Exchange confirmed that the index was recomputed on Wednesday, due to the cancellation of a block of Supreme Ventures shares that were traded based on a glitz in the software system, resulting in the movement on Friday being greater than was originally reported.
Trading on the Main Market of the Jamaica Stock Exchange finished trading on Wednesday with 26 securities changing hands, 11 advanced, 5 declined and 10 traded firm with 1,316,067 units valued at a mere $22,258,247 trading, compared to 18,689,826 units valued at $192,233,164 from 21 Securities on Friday.
Trading ended with an average of 50,618 units for an average of $856,086 in contrast to 889,992 units for an average of $9,153,960 on Friday. The average volume and value for the month to date amounts to 730,183 units valued at an average of $91,91,043 and previously 765,616 units valued at $10,279,783. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.

Wisynco to list on Thursday

Traded in the US dollar market ended with Proven Investments US ordinary share fell 2 US cents with 4,947 units changing hands at 21 US cents, the total value of trading amounted to US$1,048 with the JSE USD Equities Index closing 8.45 points lower at 165.44.
Apart from the big trade in JSE shares the other major movers at the close of the market are, Berger Paints dropped $1.60 to $16.50, Jamaica Producers rose $1.60 to $16.70, NCB Financial Group declined by $1 to $99 and Scotia Group fell $1.99 to $52.
Recent initial Public Offering Wisynco will be listed on the main market of the Jamaica Stock Exchange on Thursday.

For more details of market activities see – “JSE trading drops sharply on Wednesday.”

Junior Market jumps 59 points

Eppley traded 10 million of the 12 million shares to trade on Wednesday with the market index jumping 58.96 points to 2753.77 as 22 securities up from 19 on Friday.
By the close, the prices of 10 stocks rose 5 fell with 7 remaining unchanged as FosRich traded at an intraday high and GWest traded at record closing price of $3.75.
Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with 12,129,589 units valued at $129,945,470 changing hands compared to 8,996,675 units valued at $33,076,071 on Friday.
Trading ended with an average of 551,345 units for an average of $5,906,612 in contrast to 473,509 units for an average of $1,740,846 on Friday. The average volume and value for the month to date, amounts to units 528,301 valued at $2,651,778 and previously 561,932 valued at $2,583,423. In contrast, November closed with average of 107,477 units valued at $545,989 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 bids higher than the last selling prices and 2 with lower offers.
At the close of the market, AMG Packaging ended 1 cent higher at $3, with 67,800 stock units, Cargo Handlers ended trading at $10.90, with 122,297 stock units, Caribbean Cream traded $1.20 higher at $6, with 21,781 units changing hands, Caribbean Producers closed at $4, with 11,843 shares, Consolidated Bakeries ended at $1.80, with 27,518 stock units. Dolphin Cove finished with a loss of 1 cent at $16.99, with 50,000 shares, Eppley settled 25 cents higher at $12, with 10,002,150 shares, Express Catering ended trading with a loss of 10 cents at $4.30, with 141,000 stock units, FosRich Group traded 311,953 shares and lost 4 cents to close at cents to end at $3.45, after trading at an intraday high of $3.55, General Accident traded with a loss of 25 cents at $2.75, with 272,416 units. GWest Corporation gained 45 cents in trading 265,396 shares and ended at a record close of $3.75, Jamaican Teas concluded trading 3 cents higher at $3.70, with 380 units, Jetcon Corporation finished with a loss of 30 cents at $4.40, with 36,924 shares, KLE Group ended trading at $2.50, with 6,787 stock units, Knutsford Express traded 20 cents higher at $15, with 6,300 units. Lasco Distributors finished trading at $3.99, with 416,117 shares, Lasco Financial closed 13 cents higher at $5.18, with 3,327 shares, Lasco Manufacturing ended 33 cents higher at $3.93, with 972 stock units, Main Event concluded trading 72 cents higher at $6, with 1,850 units. Paramount Trading settled at $3, with 2,410 shares, Stationery and Office ended trading at $4.90, with 200,281 stock units and tTech jumped $1.60 to $7, trading 160,087 shares.

Prices of securities trading for the day are those at which the last trade took place.

Big 4,523 points surge in JSE index

In trading on the Main Market of the Jamaica Stock Exchange on Friday, the All Jamaican Composite Index jumped sharply by 4,523.22 points to 309,489.06 and the JSE Index surged 4,121.16 points to close at 281,979.52.
Trading ended with 21 securities changing hands, of which 9 advanced, 4 declined and 8 traded firm Thursday.
Trading returned to more normal levels, with 18,689,826 units valued at $192,233,164 trading compared to 171,582,338 units valued at $1,664,149,762 from 21 securities on Thursday. Shares in Jamaica Stock Exchange, accounted for 15 million units of the volume traded on Friday.
An average of 889,992 units traded for an average of $9,153,960 on Friday, in contrast to an average of 8,170,588 units for an average of $79,245,227 on Thursday. The average volume and value for the month to date amounts to 765,616 units valued at $10,279,783 and previously, 758,238 units valued at $10,351,426. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Traded in the US dollar market ended with Proven Investments US ordinary share rose 1 US cent with 5,000 units changing hands at 23 US cents and Sterling Investments traded 548 units to close unchanged at 12.21 US cents. The total value of trading amounted to US$11,012 with the JSE USD Equities Index closing 4.67 points higher at 173.89.
Apart from the big trade in JSE shares the other major movers at the close of the market on Friday are, Berger Paints with a rise of $1.60, NCB Financial Group rising $1.49 and PanJam Investment jumped $2.
For more details of market activities see – “JSE stocks supply 80% of Friday’s trade.”

Junior Market sheds nearly 46 points

Trading on the Junior Market of the Jamaica Stock Exchange resulted in the Market Index dropping 45.82 points, to close at 2,694.81 on Friday as 19 securities changing hands with the prices of 8 securities advanced, 6 declined and 5 remained unchanged.
Market activities closed with 8,996,675 units valued at $33,076,071 compared to 1,516,632 units valued at $6,748,760 from 17 securities on Thursday. By the close, Jamaican Teas traded 7.93 million units to dominate trading and FosRich and GWest traded at record close.
Trading ended with an average of 473,509 units for an average of $1,740,846 in contrast to 90,155 units for an average of $399,626 on Thursday. The average volume and value for the month to date, amounts to units 561,932 valued at $2,583,423 and previously 568,154 units valued at $2,642,716. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial dived $6 cents to close at $36, with only 546 shares trading, AMG Packaging ended 12 cents higher at $2.99, with 300 stock units, CAC 2000 settled with a loss of $1.16 at $5.28, with 1,300 shares, Caribbean Producers closed at $4, with 16,049 shares, Consolidated Bakeries ended 40 cents higher at $1.80, with 14,703 stock units. Express Catering ended trading 10 cents higher at $4.40, with 25,574 stock units, FosRich Group traded 496,559 shares and gained 50 cents to end at record close of $3.49, GWest Corporation traded 19,982 shares and ended at $3.30 with a gain of 43 cents, Honey Bun finished trading with a loss of 9 cents at $3.91, with 5,500 shares, Jamaican Teas concluded trading 2 cents higher at $3.67, with 7,932,754 units, Jetcon Corporation finished 30 cents higher at $4.70, with 43,076 shares. Lasco Distributors finished trading at $3.99, with 183,483 shares, Lasco Financial closed with a loss of 13 cents at $5.05, with 87,901 shares, Lasco Manufacturing ended 10 cents higher at $3.60, with 29,350 stock units, Main Event concluded trading with a loss of 2 cents at $5.28, with 3,036 units. Medical Disposables finished with a loss of 5 cents at $4.95, with 100,000 shares, Paramount Trading settled at $3, with 6,520 shares, Stationery and Office ended trading at $4.90, with 27,591 stock units and tTech finished trading 22 cents higher at $5.40, with 2,451 shares.

Prices of securities trading for the day are those at which the last trade took place.