Sharp rise in Junior Market index – Monday

The Jamaica Stock Exchange Junior Market index jumped sharply by 46.18 points to close at 3,118.75 on Monday as advancing stocks outpaced declining stocks by a ratio of 3 to 2.
The day’s gain brings to 11 the number of times the index recorded gained for May with just 3 days of declines.
At the close of market activities, 26 securities changed hands, compared to 25 on Friday and resulted in prices of 11 securities rising, 7 declining and 8 remaining unchanged.
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 3 with lower offers.
Market activity led to an exchange of 1,462,465 units valued at $6,385,186 compared to 1,770,415 units valued at $8,192,998 on Friday. The average trade for the day amounts to 56,249 units for $245,584 each, in contrast to 70,817 units for an average of $327,720 on Friday. The average volume and value for the month to date amounts to 56,984 units for an average of $243,157 and previously, 56,984 units for an average of $243,157. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 23,718 stock units crossing the exchange, Blue Power concluded trading with 8,387 units at $4.40, Caribbean Cream ended trading of just 100 shares, with a loss of 10 cents at $5.90, Caribbean Producers rose 10 cents to $4.90, with 4,953 units changing hands. Consolidated Bakeries closed at $1.80, after exchanging of 211,500 shares, Derrimon Trading closed at $3, with 22,800 shares changing hands, Everything Fresh finished with a loss of 8 cents at $1.45, with 10,800 stock units crossing the exchange, Elite Diagnostic ended trading of 100,548 shares with a loss of 65 cents to close at $3.35. Express Catering traded 35,183 shares and rose 10 cents to $7.10, FosRich Group finished trading 498,363 shares, with a loss of 25 cents at $4.75, Fontana closed at $4.55, with 118,747 stock units changing hands, General Accident gained 50 cents to end at $4.50, with an exchange of 25,000 units. GWest Corporation concluded trading of 5,000 shares for 6 cents higher at $1.45, Honey Bun finished with a loss of 49 cents at $4.50, with 25,090 shares crossing the exchange, iCreate settled at 85 cents trading 28,733 shares, Indies Pharma traded 61,820 stock units with a loss of 3 cents to end at $3.15. ISP Finance jumped $3.50 to $19.50, trading a mere 343 shares, Jamaican Teas  closed 45 cents higher at $4.10, with 15,500 shares crossing the exchange, Jetcon Corporation  ended 2 cents higher at $1.82, in exchanging 20,100 shares, Knutsford Express settled at $12.50, with 1,957 shares crossing the exchange. Lasco Distributors  ended trading of 37,739 shares at $3.80,  Lasco Financial  exchanged 53,699 shares, 19 cents higher at $4.70, Lasco Manufacturing  finished trading 10,150 stock units and rose 6 cents higher to $3.40, Main Event closed 44 cents higher at $5.50, with an exchange of 1,209 units. Stationery and Office settled with a loss of 49 cents at $9, with 140,452 stock units changing hands and tTech traded 574 shares and rose 30 cents to end at $5.60.

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

Wigton IC TOP 10 stock sets to double

Wigton stock could double soon.

Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent.  Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Heavy trading in JSE main market

The Jamaica Stock Exchange main market pulled back from the record close on Friday, with heavy trading of 61,016,873 units for $1,233,540,286.
Trading on Thursday amounted to 8,832,435 units valued $286,901,142.
Stanley Motta led trading on friday with 25 million shares accounting for 41 percent of total main market volume, followed by Sagicor Group with 15.1 million units and 25 percent of the day’s trades and Wisynco Group with 7.2 million units for 12 percent of volume traded. Also trading in large numbers were Carreras with 5 million units, Kingston Properties with 3.9 stock units and JMMB Group with 2.3 million shares.
Trading ended with an average of 1,906,777 units at $38,548,134 for each security traded, in contrast to 276,014 shares valued at $8,965,661 on Thursday. The average volume and value for the month to date amounts to 283,444 units valued $12,405,469 and previously, 151,264 units valued $10,107,212. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
The JSE All Jamaican Composite Index lost 3,086.58 points to 452,491.13 and the JSE Index shed 2,804.87 points to 412,184.29 as declining stocks beat out those gaining.
At the close market activity, the main and US markets traded 34 securities, compared to 35 on Thursday leading to 9 advancing, 13 declining and 12 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 11 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Berger Paints lost 35 cents and ended at $18.50, with 29,501 stock units traded, Caribbean Cement dipped $2 to close at $69, trading 26,173 shares, JMMB Group lost $1.50 to end at $37.50 while trading 2,279,409 shares, Kingston Properties rose $1 to end at $7, with an exchange of 100 stock units. Kingston Wharves jumped $3 trading 2,007 shares in closing at $68, NCB Financial Group added $2.40 with 896,238 shares changing hands, to close at $150, Proven Investments closed trading of 8,883 shares and gained of 50 cents to end at $32. Sagicor Group  dropped $3.49 to end at $45 in trading 15,159,344 stock units, Scotia Group  lost $1 trading 90,712 shares to close at $50 and Stanley Motta  concluded trading 25,031,916 stock units after gaining 64 cents to close at $5.39.
Trading in the US dollar market ended with 1,267,250 shares valued US$260,425. Proven Investments gained 1.5 cents and closed trading of 955,000 units at 24 US cents and Sygnus Investments ended trading of 312,250 shares at 10 US cents. The JSE USD Equities Index closed with a rise of 0.76 points at 183.07.

Junior Market running streak snaps – Friday

Elite Diagnostics closed at a new high of $4 on the Junior Market on Friday.

The Jamaica Stock Exchange Junior Market index fell, for the second day in 9 trading sessions, by 33.01 points to close at 3,072.57 on Friday, but the IC bid-offer Indicator points to positive trading on Monday.
The day’s gain brings to 7 the number of times the index gained out of the last 9 trading sessions.
At the close of market activities, 25 securities changed hands, compared to 26 on Thursday and resulted in prices of 8 securities rising, 11 declining and 2 remaining unchanged.
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 2 with lower offers.
Market activity led to an exchange of 1,770,415 units valued at $8,192,998 compared to 1,481,572 units valued at $6,322,070 on Thursday. The average traded for the day is 70,817 units at $327,720 for each security, in contrast to 56,984 units for an average of $243,157 on Thursday. The average volume and value for the month to date amounts to 78,752 units valued at $300,739 and previously, 79,372 units valued at $298,631. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed $3 higher at $48, with an exchange of 3,010 shares, AMG Packaging ended with a loss of 5 cents at $2.10, with 7,200 stock units changing hands, Caribbean Flavours traded 9,579 stock units and rose 50 cents to close at $17. Caribbean Producers finished trading 243,930 units with a loss of 10 cents to end at $4.80, Derrimon Trading ended 15 cents higher at $3, with an exchange of 88,950 shares, Dolphin Cove concluded trading of 101,844 shares and rose by 5 cents to close at $12.05, Everything Fresh settled at $1.53, with 78,014 units changing hands. Elite Diagnostic ended trading 154,178 shares and gained 50 cents to close at  but only after peaking at an all-time high of $5.01a 52 weeks’ high of $4. Express Catering traded 76,434 shares and rose by 10 cents to $7, FosRich Group finished trading 58,012 shares at $5, Fontana closed at $4.55, with an exchange of 106,972 stock units, General Accident ended with a loss of 10 cents at $4, with 168,823 units changing hands. Honey Bun finished 99 cents higher at $4.99, with an exchange of 39,250 shares, iCreate settled at $0.85, with an exchange of 39,000 shares, Indies Pharma ended trading 388,224 stock units, with a loss of 12 cents to end at $3.18, ISP Finance jumped $3.50 to $16, in trading 1,000 shares. Jamaican Teas  closed with a loss of 55 cents at $3.65, with an exchange of 17,000 shares, Jetcon Corporation  ended with a loss of 60 cents at 52 weeks’ low of $1.80, with 5,300 shares changing hands, Lasco Distributors  ended trading of 62,004 shares with a loss of 10 cents to close at $3.80. Lasco Financial  fell 9 cents to close at $4.51, with 35,492 shares traded, Lasco Manufacturing  finished trading 6,826 stock units with a loss of 16 cents to close at $3.34, Medical Disposables  ended at $6.85, with 1,400 shares crossing through the exchange. Paramount Trading  concluded trading at $2.10, with 3,750 shares, Stationery and Office  settled with a loss of 21 cents at $9.49, with 70,523 stock units changing hands and tTech traded with a loss of 60 cents at $5.30, with an exchange of 3,700 shares.

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

JMMB pushes JSE to record close

JMMB Group traded at a record high on Thursday.


The Jamaica Stock Exchange main market ended at a new record close on Thursday with JSE All Jamaican Composite Index jumping 6,867.07 points to  a record close of 455,577.71.
The JSE Index Index climbed a sharp 6,240.31 points to end at all all-time closing high of 414,989.16. Thursday’s big move was sparked by a $5.06 jump in the price of JMMB Group, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Special Purpose Acquisition Corporation listed on the Toronto Stock Exchange. Also contributing to the sharp rise in the indices are movement in the prices of NCB Financial, PanJam Investment, Sagicor Group, Scotia Group and Seprod.
At the close market activity, the main and US markets traded 35 securities, compared to 35 on Wednesday leading to 17 advancing, 10 declining and 8 closing unchanged.
Trading ended with 8,832,435 units valued $286,901,142 changing hands, compared to 4,960,274 units valued at $377,862,768 trading on Wednesday.
Trading ended with an average of 276,014 units valued at an average of $8,965,661 for each security traded. In contrast to 155,009 units for an average of $11,808,211 on Wednesday. The average volume and value for the month to date, amounts to 151,264 units valued $10,107,212 and previously, 140,206 units valued at $10,217,241. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
JMMB Group led trading with 5.08 million shares accounting for 57.5 percent of total main market volume, followed by Jamaica with 1.02 million units and 12 percent of the day’s trades and Proven Investment closed with 626,638 shares for 7 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 5 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments lost 50 cents to close at $44.50, with 27,535 shares Caribbean Cement recovered $1 in trading of 18,510 shares to close at $71, Eppley rose $1.20 and ended trading 24,757 shares at $12.50, Grace Kennedy gained 80 cents trading 236,269 stock units to close at $60.80. Jamaica Broilers rose 73 cents while trading 4,331 units to end at $31.33, Jamaica Producers climbed $2.49, in trading 1,024,941 shares to close at $25. JMMB Group jumped $5.06 end at a 52 weeks’ closing high of $39 in trading 5,078,196 shares, Kingston Properties rose $1 to end at $7, with an exchange of 100 stock units. Kingston Wharves dropped $2.99 trading 5,886 shares in closing at $65, NCB Financial Group added $1.10 with 64,092 shares changing hands to close at $147.60. Proven Investments  closed trading of 626,638 shares with a gain of 50 cents to end at $31.50,  Pulse Investments  fell 53 cents and settled at $2.45, trading 100,000 shares.  Sagicor Group  jumped $2.94 to end at $48.49 in trading 50,313 stock units,  Scotia Group  added 60 cent in trading 34,208 shares to close at $51. Seprod  rose 99 cent to close $45, with 27,825 shares changing hands and  Sygnus Investments  ended trading of 116,610 shares with a rise of 80 cents to end at $13.
Trading in the  US dollar  market ended with 721,125 units valued $188,394. JMMB Group 6% preference share rose by 3 cents and closed at US$1.05 with an exchange of 20,810 units, Proven Investments lost 0.05 cent and closed trading of 699,615 units at 22.5 US cents and Sygnus Investments ended trading of 700 shares at 10 US cents. The JSE USD Equities Index closed up 3.02 points at 182.31.

Junior Market bounces – Thursday

Junior Market stock trading.

The Jamaica Stock Exchange Junior Market index bounced for a second day with a rise of 16.36 points to 3,105.58 on Thursday.
The day’s gain brings to 7 the number of times the index gain out of the last 8 trading days
At the close of market activities, 26 securities changed hands, compared to 28 on Wednesday and resulted in prices of 11 securities rising, 8 declining and 7 remaining unchanged.
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 3 with lower offers.
Market activity led to an exchange of 1,481,572 shares at $6,322,070 compared to 1,527,469 units valued at $5,859,798 on Wednesday. The average traded for the day is 56,984 units for an at $243,157 each, in contrast to 54,552 units for an average of $209,278 on Wednesday. The average volume and value for the month to date amounts to 79,372 units valued at $298,631 and previously, 81,351 units valued at $303,536. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging ended 30 cents higher at $2.15,with 1,000 stock units traded, Cargo Handlers settled at $10, with an exchange of 5,819 shares, Caribbean Flavours traded 33,650 stock units, at $16.50, Caribbean Producers closed trading with 47,875 shares and rose 15 cents to end at $4.90. Derrimon Trading ended 4 cents higher at $2.85, with 12,921 shares changing hands. Everything Fresh settled at $1.53, with an exchange of 98,588 units, Elite Diagnostic ended trading with 366,435 shares and climbed 34 cents higher to end at $3.50, Express Catering traded 22,427 shares with a loss of 10 cents at $6.90. FosRich Group ended the trading of 59,176 shares, at $5, Fontana closed with a loss of 5 cents at $4.55, in exchanging 96,454 stock units, General Accident ended with a loss of 39 cents at $4.10, with 9,800 units traded, GWest Corporation concluded trading of 42,971 shares at $1.39. Honey Bun finished 20 cents higher at $4, with 114,649 shares changing hands, iCreate settled with a loss of 5 cents at $0.85, with an exchange of 41,886 shares, Indies Pharma ended trading of 42,723 stock units, with a loss of 5 cents in closing at $3.30, ISP Finance jumped $1.30 to close at $12.50 after trading 430 shares. Jamaican Teas closed 10 cents higher at $4.20, after trading 106,203 shares, Jetcon Corporation ended with a loss of 10 cents at $2.40, with an exchange of 76,185 shares, KLE Group  finished trading 12,059 units at $2.40,  Knutsford Express  settled at $12.50, with 13,621 shares changing hands, Lasco Distributors  ended trading with 111,463 shares and rose 1 cent higher to $3.90.  Lasco Financial  traded 41,105 shares, with a loss of 10 cents to close at $4.60,  Lasco Manufacturing  closed 16 cents higher at $3.50, with 29,767 stock units changing hands, Main Event  closed 6 cents higher at $5.06, with 16,165 units changing hands, Stationery and Office climbed $1.20 higher to $9.70, with an exchange of 73,200 stock units and tTech traded 5,000 shares with a loss of 29 cents to close at $5.90.

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

JSE main market down again – Wednesday

The Jamaica Stock Exchange main market closed lower again on Wednesday with JSE All Jamaican Composite Index declining 1,409.29 points to 448,710.64 and the JSE Index dropping 1,280.66 points to 408,748.85.
At the close market activity, the main and US markets had 35 securities traded, compared to 33 on  Tuesday leading to 10 advancing, 14 declining and 11 closing unchanged.
Trading ended with 4,960,274 units for $377,862,768 changing hands, compared to 7,619,647 units valued $152,809,228 trading on Tuesday.
Trading ended with an average of 155,009 units valued $11,808,211, in contrast to 245,795 shares valued at $4,929,330 on Tuesday. The average volume and value for the month to date amounts to 140,206 units valued at $10,217,241 and previously, 138,766 units valued at $10,047,538. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
NCB Financial Group led trading with 1.55 million shares accounting for 31 percent of total main market volume, followed by PanJam Investment with 931,268 units, and 19 percent of the day’s trades and Jamaica Broilers closed with 485,70 shares for 10 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement fell sharply by $8.50 in trading of 74,662 shares to close at $70, Jamaica Broilers shed 50 cents while trading 485,708 units to end at $30.60. Jamaica Producers lost $1.89, trading 35,310 shares to close at $23.10, Kingston Properties fell 80 cents and finished at $6, with an exchange of 327 stock units. Kingston Wharves gained $2.99 trading 32,900 shares in closing at $67.99, Mayberry Jamaican Equities added 50 cents in exchanging 50,938 shares at $11.50, NCB Financial Group dropped $3.50 with 1,552,249 shares changing hands to close at $146.50. PanJam Investment fell $1.95 to close of $98.05 with 931,268 shares trading, Sagicor Group lost 55 cents to end at $45.55 in trading 151,300 stock units, Scotia Group fell 60 cent in trading 10,571 units to close at $50.40. Seprod declined $1.94 to $44.01, with 323,145 shares changing hands, Stanley Motta lost 65 cents to close at $4.75, with an exchange of 4,600 shares and Victoria Mutual Investments ended trading of 297,418 shares with a rise of 30 cents to end at a record close of $4.60.
Trading in the US dollar market ended with 37,982 units valued $8,554. JMMB 6% preference share rose by 3 cents and closed at US$1.02 with an exchange of 9,190 units and JMMB Group 5.75% gained of 5 cents to end at $2.05 with 4,844 shares trading and Proven Investments closed trading with 40,000 units in closing at 23 US cents. The JSE USD Equities Index closed unchanged at 179.29.

Falling Junior Market stocks dominate

Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday in an exchange of 1,527,469 units valued at $5,859,798, compared to 1,508,027 units valued at $8,243,329 on Tuesday.
At the close of market activities, 28 securities changed hands, compared to 27 on Tuesday. Trading resulted in prices of 9 securities rising, 12 declining and 7 remaining unchanged. The Junior Market index climbed 18.73 points to 3,089.22.
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 8 with lower offers.
Trading ended with an average of 54,552 units for an average of $209,278 in contrast to 55,853 units for an average of $305,308 on Tuesday. The average volume and value for the month to date amounts to 81,351 units valued at $303,536 and previously, 84,172 units valued at $313,458. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Blue Power concluded trading of 5,300 units with a loss of 30 cents at $4.40, Cargo Handlers lost 75 cents in closing at $10, with an exchange of just 300 shares, Caribbean Producers finished trading with 38,112 units, and fell 15 cents to end at $4.75. Consolidated Bakeries closed at $1.80, in trading 1,300 shares, Derrimon Trading ended 31 cents higher at $2.81, while exchanging 244,762 shares, Dolphin Cove concluded trading of 756 shares, with a loss of 5 cents in closing at $12, Everything Fresh settled with a loss of 7 cents at $1.53, with 180,495 units changing hands. Elite Diagnostic ended trading with 111,323 shares and rose 16 cents higher to $3.16, Express Catering traded 56,263 shares at $7, FosRich Group traded 31,741 shares, at $5, Fontana closed 10 cents higher at $4.60, with 470,171 stock units changing hands. General Accident ended with a loss of 1 cent at $4.49, with 10,000 units traded. GWest Corporation concluded trading with 14,282 shares, after rising 2 cents higher to $1.39, Honey Bun finished with a loss of 25 cents at $3.80, trading 3,948 shares, iCreate settled at 90 cents, with 29,014 shares crossing the exchange, Indies Pharma ended trading 36,600 stock units and rose 10 cents to close at $3.35. Iron Rock traded 116,347 units with a loss of 40 cents in closing at $3.50, Jamaican Teas closed 55 cents higher at $4.10, with an exchange of 24,296 shares, Jetcon Corporation  added 20 cents to close at $2.50, with 500 shares traded, Knutsford Express fell 25 cents to $12.50, trading 1,150 shares. Lasco Distributors ended trading of 29,827 shares, at $3.89,  Lasco Financial  exchanged 6,000 shares, and rose 20 cents to close at $4.70,  Lasco Manufacturing  finished trading 3,260 stock units after falling 26 cents to end at $3.34, Main Event closed with a loss of 50 cents at $5, with 8,129 units changing hands. Medical Disposables ended at $6.85, while exchanging 2,000 shares, SSL Venture Capital finished with a loss of 9 cents at $1.61, with 28,000 shares traded and Stationery and Office settled at $8.50 with an exchange of 72,193 stock units. In the junior market preference segment, Derrimon Trading ended 10 cents higher at $2, with 1,400 stock units changing hands.

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

PanJam hits $100 but JSE falls – Tuesday

Stephen Facey Chairman & Paul Hanworth Chief Operating Officer

PanJam Investment jumped $6 to end at a record $100, but the Jamaica Stock Exchange main market closed lower on Tuesday.
At the close the JSE All Jamaican Composite Index fell 1,906.97 points to 450,119.93 and the JSE Index declined 1,732.92 points to 410,029.51. The main and US markets had 33 securities traded, compared to 33 on Monday leading to 14 advancing, 13 declining and 6 closing unchanged.
Trading resulted in 7,619,647 units valued $152,809,228 changing hands, compared to 3,160,151 units valued at $110,748,555 trading on Monday.
The average trade accounted for 245,795 units valued $4,929,330, in contrast to 101,940 shares valued at $3,572,534 on Monday. The average volume and value for the month to date amounts to 138,766 units valued at $10,047,538 and previously, 127,632 units valued $10,637,369. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
Wisynco Group led trading with 3 million shares, accounting for 40 percent of total main market volume, followed by Sagicor Real Estate Fund with 2 million shares and 27 percent of the day’s trades and Sagicor Group closed with 688,441 shares for 9 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 4 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Caribbean Cement fell $1.50 in trading of 32,271 shares to close at $78.50, Eppley lost $1.68 and ended at $11.30, trading 15,491 shares, Grace Kennedy shed 80 cents and ended trading of 103,662 shares at $60, Jamaica Broilers shed 90 cents while trading 29,786 units to end at $31.10. Jamaica Producers lost $1.89, trading 24,088 shares to close at $23.10. JMMB Group gained 85 cents in exchanging 366,450 shares, to close at $33.85, Kingston Wharves lost $5 trading 11,464 shares in closing at $65, Mayberry Jamaican Equities declined 75 cents  exchanging 100,543 shares at $11, NCB Financial Group rose $2 with 107,157 shares changing hands to close at $150. PanJam Investment jumped $6 to end at a record close  of $100, with 8,263 shares trading, Pulse Investments rose 49 cents and settled at $2.99, with an exchange of 3,061 shares, Sagicor Group added $2.10 to.10 end at $46 in trading 688,441 stock units, Scotia Group rose $1 in trading 11,194 units to close at $51. Seprod gained 93 cents and ended at $45.95, with 55,694 shares changing hands, Supreme Ventures rose 36 cents to close at $31.86, with an exchange of 314,307 shares and Wisynco Group ended trading of 3,030,145 shares with a rise of 24 cents to end at $14.99.
Trading in the US dollar market ended with 37,982 units valued $8,554.  Proven Investments closed trading with 36,582 units and fell 1 cent in closing at 23 US cents and Sygnus Credit Investments completed trading of 1,400 shares at 10 US cents. The JSE USD Equities Index advanced by 0.34 points to close at 179.29.

Falling Junior Markets stocks batter others

FosRich traded at an all-time high of $5 on Tuesday.

Junior Market climbed higher – Tuesday the market index falling climbed 27.93 points to 3,070.49 as declining stocks outnumbered rising ones.
Trading ended with 27 securities changing hands, leading to an exchange of 1,508,027 units valued at $8,243,329 compared to 931,633 units valued at $3,535,850 from 28 securities on Monday.  Prices of 8 securities advanced, 14 declined and 6 remained unchanged
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 6 with lower offers.
Trading ended with an average of 55,853 units for an average of $305,308 in contrast to 33,273 units for an average of $126,280 on Monday. The average volume and value for the month to date amounts to 84,172 units valued at $313,458 and previously, 87,372 units valued at $314,379. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed at $45, with an exchange of 7,703 shares, AMG Packaging ended with a loss of 4 cents at $1.85 as 25,221 stock units changed hands, Blue Power concluded trading of 94,155 units and rose 10 cents to $4.70. Cargo Handlers settled with a loss of 20 cents at $10.75, after trading 188 shares, Caribbean Cream ended trading of 1,500 shares and gained 73 cents to close at $6, Caribbean Flavours climbed 50 cents higher to $16.50, with an exchange of 6,000 stock units, Caribbean Producers finished trading 13,368 units, with a loss of 9 cents at $4.90. Derrimon Trading ended with a loss of 18 cents at $2.50, with 16,500 shares changing hands, Dolphin Cove concluded trading with 1,425 shares at $12.05, Everything Fresh settled with a loss of 2 cents at $1.60, after trading 21,040 units, Express Catering traded 309,083 shares with a loss of 29 cents to close at $7. FosRich Group jumped to a new closing high of $5 after rising 33 cents with 74,653 shares trading. Fontana closed with a loss of 30 cents at $4.50, with 262,762 stock units trading, General Accident ended with a loss of 39 cents at $4.50, with an exchange of 1,180 units, GWest Corporation concluded trading with 35,000 shares after rising 2 cents to $1.37, Honey Bun finished at $4.05, with 3,000 shares trading. Indies Pharma ended trading 37,882 stock units with a loss of 9 cents at $3.25, Jamaican Teas  lost 65 cents in closing at $3.55, trading 114,500 shares, Jetcon Corporation  ended at $2.30, with 109,780 shares changing hands, Knutsford Express  settled with a loss of 25 cents at $12.75, in trading 9,170 shares. Lasco Distributors  ended trading 30,777 shares, at $3.89,  Lasco Financial  traded 6,725 shares with a loss of 50 cents at $4.50,  Lasco Manufacturing  finished trading 55,165 stock units and rose 10 cents to settle at $3.60,  Main Event  closed with a loss of 10 cents at $5.50, in exchanging 2,000 units. Paramount Trading  concluded trading of 400 shares at $2.10, investors acted strongly to a 30 percent rise in the profit of Stationery and Office by driving the price up by $1.49 to close at $8.50 with 198,850 stock units changing hands and tTech traded 70,000 shares 9 cents higher at $6.19.

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