
Proven Investments traded 2.5 million shares on Monday.
The JSE Market Index dipped 169.00 points to end at 158,799.72, the all Jamaica Composite Index lost 189.00 points to close at 176,427.94 and the JSE combined index fell 499.74 points, to end at 169,423.37.
The market closed another day of moderate trading, with 5,515,764 units valued at $120,438,402 changing hands, in all market segments, thanks to a 2.5 million trade in Proven Investments stock. The junior market accounted for 846,304 units traded valued at $4,791,506, of all trades.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 3 with lower offers.
At the end of market activities, Cable & Wireless traded 110,078 shares to close with a rise of 3 cents at $1.17, Caribbean Cement gained $1 in trading 1,037,050 shares to close at $23, Carreras dropped $2 in exchanging 67,217 shares at $62.50. Trading in 1834 Investments, resulted in 347,716 shares changing hands to close with a gain of 14 cents at $1.20. Grace Kennedy closed at $123 after falling $2, with 1,100 units changing hands. Jamaica Broilers ended with 5,000 shares changing hands, to close with a rise of 22 cents at $14.74, Jamaica Producers traded 40,100 shares with a fall of 15 cents to $8.15, Jamaica Stock Exchange dipped $1 to end at $22 while trading 78,730 shares. JMMB Group traded only 5,000 units and gained 8 cents to end at $9.90, Kingston Wharves with 3,201 units changing hands, closed at $15.50. Portland JSX traded 1,015 shares to close at $12.90.
Mayberry Investments fell 15 cents with 28,058 shares trading to close at $3, National Commercial Bank ended with 33,604 units changing hands, with the price rising 5 cents to close at $42, Pan Jamaican traded 4,100 shares and gained 90 cents to end at $24, Radio Jamaica gained 11 cents to close at $1.39 after 57,686 shares changed hands, Sagicor Group ended with 48,577 shares changing hands and gained 48 cents to $23, Sagicor Real Estate Fund traded 32,372 shares but rose 38 cents to close at $10.50, Scotia Group fell 80 cents in trading 59,985 shares to end at $30.20. Seprod traded 31,772 shares, to close at $17, Supreme Ventures traded 39,024 shares to end at $4.60, Proven Investments traded 2,527,640 units to close at 16 US cents for a fall of 0.95 US cents and Jamaica Money Market Brokers 7.50% preference share traded 104,545 units at $2.10.
with the price rising to $1.17 and Jamaica Money Market Brokers 7.50% preference share with 104,545 units at $2.10.
Jamaica’s sole cement manufacturing company
Importantly, the cement company took a charge for manpower restructuring, amounting to $421 million, a huge positive development and augurs well for improved profit margin and increased profits going forward. In addition there is a charge for excess inventory amounting to $400 million, this is one off and therefore unlikely to recur. Stripped of these costs, earnings would be up by 63 percent to $1.16 million before tax compared to $708 million in 2015 that includes one off income of $168 million for the quarter and pretax profit of $2.1 billion versus $996 million in 2015.
The Jamaica Stock Exchange recorded gains at the close on Friday, as winners beat out losers with a total of 36 securities traded, of which 14 stocks gained, 13 declined, including 6 stocks rising and 6 declining from the junior market, as the market continues to consolidate.
Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 1 with a lower offer, an indication that stocks should mostly gain on Friday.
National Commercial Bank ended with 79,038 units changing hands, with the price declining 7 cents to close at $41.95, Pan Jamaica traded 10,320 shares and lost 40 cents at $23.10, Portland JSX traded 16,900 shares to close at $12.90. Radio Jamaica fell 8 cents to close at $1.28 after 88,906 shares changed hands, Sagicor Group ended with 8,750 shares changing hands, but fell 48 cents to $22.52, Scotia Group traded 200,700 shares to end at $31. Scotia Investments climbed 99 cents while it traded just 1,550 shares, to close at $27.49 and Supreme Ventures traded 63,275 shares to end at $4.60.
The market closed another day of moderate trading, with 7,626,144 units valued at $91,922,881 changing hands, in all market segments, thanks to a 5.2 million trade in Jamaica Broilers stock. The junior market accounted for 1,137,261 units traded valued at $6,066,776, of all trades.
National Commercial Bank ended with 13,428 units changing hands, with the price dropping 48 cents to close at $42.02, Portland JSX traded 10,400 shares to close at $12.90. Pulse Investments ended with 30,000 shares changing hands at $3.30, after gaining 5 cents, Radio Jamaica fell 10 cents to close at $1.36 after 220,988 shares changed hands, Sagicor Group ended with 10,700 shares changing hands, but fell 5 cents to $23, Scotia Group rose 91 cents in trading 31,896 shares to end at $31. Scotia Investments dropped $1.29 while it traded just 100 shares, to close at $26.50 and Supreme Ventures gained 10 cents in trading 109,000 shares to end at $4.60.

At the close on Wednesday, 597,857 units traded, valued at $6,072,927 down from $20,712,312 on Tuesday. A total of 5 stocks closed with bids higher than their last selling prices and 2 ended with lower offers.
Knutsford Express had 270,000 units changing hands, to close at $15. Lasco Distributors ended with 141,930 shares changing hands, but rose 20 cents to $7.30, Lasco Financial ended with a rise of 14 cents while 17,700 shares changed hands at $3.40, Lasco Manufacturing closed at $5 with 16,000 shares trading a decline of 1 cent. Medical Disposables traded 2,743 shares and gained 39 cents to close at $3.49, Paramount Trading climbed 50 cents to $11 with 21,351 shares changing hands, Sweet River lost 19 cents in trading 1,000 shares to close at $3.80 and tTech ended with 937 shares changing hands to end at $3.80 after shedding 20 cents.
The Jamaica stock market is off to slow start with no stock trading over 100,000 units after 75 minutes of the opening of market. The stock with the highest volume is Lasco Distributors with 75,456 units at $7.50 after rising 40 cents.
The Jamaica Stock Exchange recorded gains at the close on Tuesday, as winners beat out losers with a total of 39 securities traded, of which 15 stocks gained, 11 declined, including 4 stocks rising and 3 declining from the junior market as the market continues in consolidation mode.
At the end of market activities, Cable & Wireless traded 520,233 shares and rose 2 cents to close at $1.17, Caribbean Cement dropped 99 cents in trading 10,000 shares to close at $22.51, trading in 1834 Investments, resulted in 28,500 shares changing hands after easing 11 cents to close at $1.04. Grace Kennedy gained 54 cents to close at $123.04 with 439,645 units changing hands. Jamaica Broilers ended with 15,779 units changing hands to close at $15.50 with a rise of 50 cents, Jamaica Producers traded 13,800 shares with a rise of 40 cents to $8.40, Jamaica Stock Exchange close with just 11,831 shares changing hands at $24, JMMB Group traded 155,705 units to end at $9.50. Kingston Wharves gained 1 cent with 3,705 units changing hands at $14.71. Margaritaville Turks traded dropped 1.51 US cents with 57,080 shares at 19.49 US cents, National Commercial Bank ended with 231,433 units changing hands, with the price rising 50 cents to close at $42, Pan Jamaican Investment Trust traded 8,167 shares to close at $23.50 after gaining 50 cents.
Pulse Investments ended with 7,000 shares changing hands at $2.90, after gaining 35 cents, Sagicor Group ended with 13,200 shares changing hands, but fell 5 cents to $23.10, Sagicor Real Estate Fund traded 108,000 shares to close at $10.10, Scotia Group rose 8 cents in trading 547,645 shares to end at $30.15. Scotia Investments traded 9,336 shares, to close at $27.79, Supreme Ventures fell 10 cents in trading 1,300 shares to end at $4.50, Proven Investments ordinary shares traded 10,067 units at 15 US cents, down from 16.94 US cents, Sterling Investments traded 10,000 at $13 and JMMB Group 7.25% preference share traded 54,916 units at $1.05 by gaining 1 cent.
Securities trading over 100,000 units include Cable & Wireless that traded 200267 at $1.12, Derrimon Trading had 530,506 units trading at $3.05, Lasco Distributors with 143,689 shares at $7.10, National Commercial Bank having 179,342 shares changing hands at $42.