JSE stocks falter early Friday
Trading on the Jamaica Stock Exchange, has been light, resulting in losses in the main and junior market indices. The main market lost just under 700 points as measured by the all Jamaican Composite index and the junior market slipped by just 4 points on relatively low volume.
Up to 10:45 am, the main trades are Lasco Manufacturing with 112,022 units at $4.80 from the junior market. Cable & Wireless had 60,000 units changing hands at 99 cents, Ciboney traded 116,600 units at 17 cents, Jamaica Broilers 107,200 shares at $15 and Supreme Ventures traded 490,100 units at $4.75.
At 10:45 am 24 securities traded, resulting in a volume of 1,002,702 shares changing hands carrying a value of $ 5,828,970, compared to 1,552,704 shares with a value of $9,196,894 on Thursday at 11.45 am. The average number of shares traded amounts to 41,779 units compared to 48,522 units on Thursday. Market activity resulted in 7 stocks falling while the prices of 9 securities rose.
The all Jamaica Composite Index fell 695.81 points to 180,145.19 the Jamaica Stock Exchange Market Index lost 622.19 points to 162,122.60, the Jamaica Stock Exchange combined index declined 615.81 points to close at 174,171.16 and the junior market index fell 3.77 points to 2,318.65.
More gains for JSE stocks – Thursday
Trading on the Jamaica Stock Exchange, continue to see gains in the market indices. The main market gained over 750 points measured by the all Jamaican Composite index and the junior market rose by nearly 20 points on relatively low volume.
AMG Packaging traded 26,361 shares and climbed $1.99 to $16.99, General Accident Insurance had 253,080 shares trading at $2.10 and Lasco Distributors traded 185,161 units at $7 from the junior market. Cable & Wireless had 106,261 units changing hands at 99 cents Jamaica Stock Exchange traded 125,285 units at $27.40, Proven Investments traded cents and JMMB Group 7.50% preference share traded 130,000 units at $1.10.
At 11:45 am 32 securities traded, resulting in a volume of 1,552,704 shares changing hands carrying a value of $9,196,894, compared to 697,409 shares with a value of $5,991,867 on Wednesday at 10.45 am. The average number of shares traded amounts to 48,522 units compared to 24,049 units on Wednesday. Market activity resulted in 9 stocks falling while the prices of 11 securities rose.
The all Jamaica Composite Index jumped 786.26 points to 182,041.40 the Jamaica Stock Exchange Market Index climbed 703.06 points to 163,819.16, the Jamaica Stock Exchange combined index jumped 862.33 points to close at 175,771.86 and the junior market index fell 20.47 points to 2,321.39.
JSE stocks in sharp 3 day jump
Stocks had a bullish day on Wednesday on the Jamaica Stock Exchange, as advancing stocks had a near 2 to 1 advantage over declining ones. The market indices climbed sharply as the all Jamaican Composite Index jumping nearly 2,000 points, but trading resulted in much less volumes passing through the market compared with Tuesday.
At the close of the market prices of 21 securities gained out of a total of 46 trading, while 12 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close, 4,442,113 units valued at $19,544,716, changed hands, compared to the 7,614,266 units valued at $192,616,632 changing hands on Tuesday. The junior market accounted for 635,440 units valued at $2,690,732 of the total traded on Wednesday.
The market index ended with good gains, with the JSE Market Index climbing 1,733.79 points to end at 163,116.10. The all Jamaica Composite Index jumped 1,938.97 points to close at 181,255.14 and the JSE combined index surged 1,432.39 points, to end at 174,909.53.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments traded 47,767 shares and gained 50 cents to close at $4, Berger Paint lost 35 cents to close at $4.70 with 11,300 units, Cable & Wireless continues to garner more support and rose 1 cent to close at 95 cents, with 22,766 units changing hands. Caribbean Cement jumped $1.54, to close at $27.54 with 126,265 units changing hands, Carreras fell 50 cents and closed at $65 with 17,705 units trading, Grace Kennedy rose 31 cents, with 3,196 shares changing hands at $42.80, Jamaica Broilers had 107,149 shares changing hands and gained 6 cents to end at $15.06. Jamaica Producers ended with a gain of 20 cents to close at $8.50 with 22,250 units trading, Jamaica Stock Exchange fell 40 cents to end at $27 while trading 11,327 shares, JMMB Group traded 359,924 units and rose 26 cents to $10.25. Kingston Wharves traded 7,500 shares to close at $17.10, after rising 10 cents, National Commercial Bank traded 3,182 shares and closed with a gain of $1 at $42, Pan Jamaican Investments gained 5 cents and closed at $24 after trading 11,100 shares. Radio Jamaica ended with 72,000 units trading at $1.42, Sagicor Group traded 6,400 shares to close at $23.02. Sagicor Real Estate Fund traded 1,044 shares to close with at $10.35 with a 15 cents rise, Scotia Group gained 1 cent to close at $30.51 with 29,975 shares changing hands, Scotia Investments had 8,090 units changing hands at $26, for a loss of 10 cents. Seprod closed at $21 with 3,764 shares trading, Sterling Investments fell 75 cents to close at a new high of $14.25 with 16,963 units changing hands. Jamaica Money Market Brokers 7.25% preference share traded 20,000 units at $2.40, JMMB Group 7.50% preference share traded 2,341,500 units at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 549,576 units at $2.10.
Rising junior stocks inch decliners – Wednesday
The market index eased with 17.09 points, to close at 2,300.92. Market activities ended with 7 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
Trading ended with 635,440 units changing hands, 30 percent less than on Tuesday, while the value traded dropped by 31 percent, with $2,690,732, compared to $3,876,442 changing hands on Tuesday.
At the close, Cargo Handlers have not traded for a few days but today the stock closed with the bid at $90.01 with 5,765 units, nearly $4 ahead of the last sale price with no units offered for sale. Key Insurance that reported poor second quarter results has not traded with the offer at $2.37 to sell 152,290 units compared with the last sale of $2.49, there continues to be no bids on the stock at the close.
Access Financial end trading with 1,889 units to end at $18.40, after falling 10 cents, Caribbean Cream gained 10 cents with 6,914 shares changing hands at $9.20, Caribbean Flavours lost just 1 cent in closing at $8 with 9,500 shares changing hands, Caribbean Producers traded just 46,370 shares to close at $3.40. Consolidated Bakeries lost 7 cents to end at $2.35 with 3,000 units changing hands. Dolphin Cove lost $1.30 and ended at $13.70 with 100 shares trading, General Accident gained 20 cents and closed trading with 91,267 units at $2.25, Honey Bun gained 39 cents in trading 54,391 units to end at $6.24, Iron Rock Insurance traded 1,250 shares to close at $3.30 with a gain of 2 cents. Jamaican Teas had 116,983 units changing hands at $4. Jetcon Corporation rose 45 cents in trading at new record high of $4.95, with 51,980 units changing hands, KLE Group ended at $1.80 with 45,000 shares changing hands after rising by 30 cents, Knutsford Express had 2,191 units changing hands to end at $24. Lasco Distributors closed with 44,000 units trading and ended with a loss of 24 cents at $6.80, Lasco Financial had 16,585 shares changing hands to close at $3.25, Lasco Manufacturing closed at $4.80 with 60,576 shares trading, Medical Disposables traded 78,577 shares with the price remaining unchanged at $4 and tTech traded 4,867 shares at $6.
JSE main market jumps sharply
Trading on the Jamaica Stock Exchange, saw big gains in the market indices main market with more than 1,500 points rise in the all Jamaican Composite Index as advancing stocks overpowered decliners in early trading but with limited volumes. The junior market index slipped below the 2,300 points level.
At 10:45 am 29 securities traded, resulting in a volume of 697,409 shares changing hands compared to 6,040,541 shares carrying a value of $5,991,867 on Tuesday. The average number of shares traded amounts to 24,049 units compared to 251,689 units on Tuesday. Market activity resulted in 6 stocks falling while the prices of 13 securities rose.
The all Jamaica Composite Index jumped 1,510.12 points to 180,826 the Jamaica Stock Exchange Market Index climbed 1,350.32 points to 162,732.63, the Jamaica Stock Exchange combined index jumped 1,007.40 points to close at 174,484.54 and the junior market index fell 23.85 points to 2,294.16.
The main contributors to the gain in the indices include a $1 rise in the prices of Caribbean Cement and National Commercial Bank and a jump of $1.39 in the price of Scotia Investments, while a fall in the price of Dolphin Cove from $15 to $13.70 had a negative effect on the junior market index.