
PanJam traded at an intraday 52 weeks’ high of $30.
The All Jamaica Composite Index fell 371.99 points, to close at 206,378.97. The JSE Market Index declined 332.62 points to finish at 188,914.07. The JSE combined index shed 89.56 points to close at 201,853.60.
Market activity ended with 39 securities changing hands. At the close, the prices of 21 stocks gained while 10 declined in the overall market, including 8 stocks rising and 4 falling, in the junior market.
At the close with 4,537,612 units valued at $81,171,835 changed hands, compared to 4,343,022 units valued at $31,074,893 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 943,860 units changing hands, valued at $5,642,777.
The average trade for the day in the main market ended at 149740 shares compared to an average of 81,706 units traded on Wednesday. The average for the month to date stands at 176,057 shares compared to an average of 202,375 units for the month up to Wednesday. November ended with an average of 208,466 units.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 22 stocks with bids higher than their last selling prices and 3 with lower offers.
Some notable stocks with bids above the last sale price are Carreras with a bid of $66.65 compared to the last sale of $66.01,Kingston Wharves with a bid of $23 versus the last price of $20.01, National Commercial Bank with a bid of 50.50 compared to the last sale of $49.76, Pan Jam with a bid of $27.50 versus the last price of $27, Sagicor X Fund with a bid of $13 versus the last sale of $12 and Scotia Group that traded at $35.01, with a bid of $35.50.
In market activity, Cable & Wireless rose 8 cents to close at 80 cents with 1,218,433 units trading, Caribbean Cement ended with loss of 90 cents while trading 6,075 shares at $34.50, Carreras lost 24 cents in exchanging 248,649 shares to close at $66.01, Grace Kennedy lost 1 cent to close at $40.99 with 1,025,560 shares changing hands. Jamaica Broilers rose by 97 cents and closed at $15.05 with 29,552 shares changing hands, Jamaica Producers gained 20 cents to end at $9.05 with 412,176 units trading, Jamaica Stock Exchange gained 5 cents in trading 70,355 shares, to end at $5.60.
JMMB Group traded 109,870 units and gained 51 cents to end at $14.99, Mayberry Investments fell 40 cents to end at $5 with 12,927 shares changing hands, National Commercial Bank ended at $49.76 with 5,915 shares changing hands, PANJAM Investment traded 4,325 shares and gained $3 to close at a 52 weeks’ high of $30. Sagicor Group lost $1 in closing with 81,850 shares changing hands at $29, Sagicor X Fund ended with 177,629 units trading with a gain of 55 cent to close at $12, Scotia Group with 130,524 shares changing hands, closed with a gain of 2 cents at $35.01. Scotia Investments gained $1 with 2,515 units trading to end at $31, Seprod jumped $2.30 to end at $29.80 with 7,850 units changing hands, Supreme Ventures traded 19,400 shares at $5.07 and Proven Investments closed at 21.95 US cents, with 16,578 units changing hands.
Market activity resulted in 28 securities traded at 10:45 am, compared to 26 on Wednesday at 10:45 am. A total of 10 securities advanced and 6 declined, resulting in a volume of just 463,915 shares changing hands, carrying a value of $3,009,378, compared 721,003 shares changing hands, carrying a value of $1,962,803 on Wednesday. The average number of shares traded, amount to 16,568 units versus 27,731 units on Wednesday. The leading trades include Lasco Manufacturing with 200,000 units changing hands at $5 and Cable & Wireless has so far traded 150,000 units at 71 cents.
Prices surged on the main market of the Jamaica Stock Exchange, to close on Wednesday at a new closing high as the main market indices were up by more than 4,000 points. The market ended with the All Jamaica Composite Index climbing 23.5 percent for the year to date, the JSE market index gaining 25.6 percent and the Combined index rising 27.6 percent.
The average trade for the day in the main market ended at 81,706 shares compared to an average of 167,153 units traded on Friday. The average for the month to date stands at 202,375 shares compared to an average of 323,045 units for the month up to Friday. November ended with an average of 208,466 units.
Jamaica Stock Exchange fell 4 cents in trading 5,325 shares, to end at $5.55. Mayberry Investments fell 10 cents to end at $5.40 with 63,413 shares changing hands, National Commercial Bank rose 76 cents to end at $49.76 with 27,850 shares changing hands, PANJAM Investment traded 2,000 shares to close at $27. Pulse Investments traded 115,621 shares with a fall of 90 cents to close at $3, Radio Jamaica traded 80,000 shares to close at $1.22 after rising 2 cents, Sagicor Group closed with 8,250 shares changing hands at $30, Scotia Group with just 5,000 shares changing hands and closed with a gain of 99 cents at $34.99 and Proven Investments closed at 21.95 US cents up from 21.05 US cents, with 37,735 units changing hands.
on the all Jamaica Composite index at 10:45.
With just one week from the close of 2016, Venezuela Caracas Stock Exchange leads the world’s stock markets with year to date of 94.94 percent in the market Index, according to data reported on Bloomberg website.
The average trade for the day in the main market ended at 167,153 shares compared to an average of 85,825 units traded on Thursday. The average for the month to date stands at 478,937 shares compared to an average of 323,045 units for the month up to Thursday. November ended with an average of 208,466 units.
Radio Jamaica traded 25,774 shares to close at $1.20 after rising 12 cents, Sagicor Group jumped $2.30 to close with 1,393,691 shares changing hands at a 52 weeks’ high of $30, Scotia Group with 41,948 shares changing hands and closed at $34. Scotia Investments rose 70 cents with 2,013 units changing hands to close at $30, Seprod closed trading at $27.50 with 82,176 shares changing hands, Supreme Ventures traded just 2,223 units to end with the price gaining 17 cents to $5.07, Proven Investments declined from 21.95 US cents to end at 21.05 US cents, with 44,930 units changing hands and JMMB Group 7.5% preference share traded 200,000 units to close at $1.08.
Investors pushed Derrimon Trading by 80 cents to $4.80 with 87,710 following the company’s report on Thursday that it will be making prepayment for 23,379,208 stock units in Caribbean Flavours. When purchased, Derimon would become the parent company having had just under 50 percent of the shares currently. This would require an offer being made to minority shareholders.
The average trade for the day in the main market ended at 85,825 shares compared to an average of 1,205,881 units traded on Wednesday. The average for the month to date stands at 478,937 shares compared to an average of 872,049 units for the month up to Wednesday. November ended with an average of 208,466 units.
PANJAM Investment traded 2,377 shares and jumped 65 cents to close at a 52 weeks high of $28.10. Sagicor Group lost 10 cents to close with 149,513 shares changing hands, Sagicor Real Estate Fund traded 29,309 units to close with a gain of 49 cents at $11.49, Scotia Group with 21,945 shares changing hands and closed at $34. Scotia Investments dropped $4.10 with 1,828 units changing hands to close at $29.30, Seprod closed trading at $27.50 with 2,200 shares changing hands, Supreme Ventures traded 500,000 units to end with the price falling 12 cents at $4.90 and Proven Investments declined from 22 US cents to end at 21.95 US cents, with 53,485 units changing hands.
Trading of note includes Supreme Ventures with 500,000 shares at $4.90, Lasco Financial Services with 208,325 units at $3.10 and Cargo Handlers traded at intraday high of $18.50 before falling back to $16 with 46,199 shares changing hands.
The average trade for the day in the main market ended at 1,205,881 shares compared to an average of 728,789 units traded on Tuesday. The average for the month to date ends at 872,049 shares compared to an average of 538,216 units for the month up to Tuesday. November ended with an average of 208,466 units.
Sagicor Group closed with 8,850,415 shares changing hands, 30 cents higher at a 52 weeks’ closing high of $27.80, Sagicor Real Estate Fund traded 159,673 units to close with a gain of 5 cents at $11, Scotia Group lost 90 cents with 63,901 shares changing hands and closed at $34. Scotia Investments dropped $4.10 with 1,828 units changing hands to close at $29.30, Seprod lost $2.50 to close trading at 27.50 with 37,856 shares changing hands, Supreme Ventures traded 117,534 units to end with a rise of 2 cents at $5.02 and Proven Investments declined from 22 US cents to end at 21.95 US cents, with 72,620 units changing hands.