New IPO pressures JSE stocks – Tuesday

Wigton IPO propectus is out.

Investors greeted the release of the Wigton Windfarm IPO by pushing down the main market indices of the Jamaica Stock Exchange quite sharply, when activity ended on Tuesday, with reduced value of stocks trading.
At the close, JSE All Jamaican Composite Index dropped 3,477.22 points to 421,181.07 and the JSE Index suffered a big fall of 3,159.78 points to 383,733.81.
At the close of the main and US markets, 33 securities traded, compared to 29 on Monday leading to 10 advancing, 14 declining and 9 closing unchanged.
Trading ended with 2,405,214 units valued at $42,509,143 compared to 2,044,315 units valued at $94,776,769 crossing the exchange on Monday.
Supreme Ventures led trading with 506,307 units comprising 21 percent of total main market volume, followed by JMMB Group with 500,000 shares or 21 percent of the day’s trades and Carreras with 426,886 units and 18 percent of the volume traded.
Market activity ended with an average of 77,588 units valued at $1,371,263, in contrast to 75,715 shares valued at $3,510,251 on Monday. The average volume and value for the month to date amounts to 198,040 shares at $2,749,721 for each security, compared to 216,255 shares at $2,996,728 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Barita Investments climbed $2 to $46.50, with 586 shares changing hands, Berger Paints slid $1.20 to end at $19, with 7,834 stock units changing hands, Caribbean Cement finished $1 higher to an all-time closing high of $66, with 55,901 shares changing hands, Carreras dropped 70 cents and concluded trading of 426,886 units at $8.50. Jamaica Producers gained 40 cents to close at $23.50, trading 10,700 shares. Jamaica Stock Exchange added $1 to end at $17, with an exchange of 6,690 shares,  Kingston Wharves  gave up $1 to settle at $70, trading 1,986 units, Mayberry Investments  gained 50 cents in trading 33,501 shares, at $9.  Sagicor Real Estate Fund  lost 37 cents in trading 32,500 shares at $10.03, Seprod lost 52 cents to close at $42.15, with 18,647 shares traded, Stanley Motta  gained 50 cents and ended at $5, in trading 3,000 shares and  Supreme Ventures rose 73 cents and finished at $26.73, with 506,307 units changing hands.
Trading in the US dollar market ended with 12,295units valued at US$2,616. Proven Investments lost 1 cent and ended trading with 11,140 units at 22 US cents and Sygnus Credit Investments traded 1,155 units at 10 US cents. The JSE USD Equities Index advanced by 0.98 points to close at 177.15.

Sea of red covers Junior Market – Tuesday

A sea of red covered the Junior Market of the Jamaica Stock Exchange on Tuesday as investors pushed down prices 16 securities with just 1 rising out of 25 trading, leading to the market index dropping a sharp 66.35 points, to 3,024.91.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 6 with lower offers, an indication that falling prices are likely to dominate again on Wednesday.
The market appears to have reacted efforts by investors to raise funds to go into the Wigton Windfarm share offer, but they realized far less money than they did on Monday.
Trading volume fell from Monday’s level on resulting in an exchange of 1,785,030 units valued $5,720,615 compared to 3,199,174 units valued at $8,299,261 23 securities changing hands on Monday. Trading ended with an average of 71,401 units for an average of $228,825 in contrast to 139,095 units for an average of $360,837 on Monday. The average volume and value for the month to date amounts to units 108,316 valued at $376,754 and previously 114,510 valued at $401,574 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended at $2.30, in trading 156,198 stock units, Cargo Handlers settled at $10.95, with 319 shares changing hands, Caribbean Cream traded 799 shares with a loss of 20 cents to close at $5.50, Caribbean Producers lost 26 cents in closing at $4.60, with an exchange of 42,749 units. Derrimon Trading fell 30 cents to close at $2.40, while trading 38,500 shares, Dolphin Cove concluded trading of 1,000 shares at $12.50, Everything Fresh finished at $1.41, with 163,500 stock units changing hands, Elite Diagnostic settled with a loss of 19 cents at $2.91, with 63,330 units. Express Catering traded 15,617 shares with a loss of 9 cents to end at $7.90. FosRich Group exchanged with 3,958 shares at $4.30, Fontana fell 15 cents to $3.80, with an exchange of 570,776 shares, General Accident closed with a loss of 10 cents at $4.20, in the trading of 11,056 stock units, GWest Corporation ended at $1.30, with 50,901 units changing hands. Honey Bun concluded trading of 15,700 shares after losing of 20 cents to close at $3.80, iCreate lost 2 cents and closed at 98 cents, with an exchange of 118,694 shares, Indies Pharma finished with a loss of 2 cents at $3.03, with an exchange of 159,425 share. Iron Rock lost 9 cents in closing at $3.90, with 24,300 shares changing hands, Jamaican Teas  traded 62,261 units with a loss of 3 cents in ending at $3.50, Jetcon Corporation  finished trading 33,100 shares for a rise of 19 cents to close at $2.50,  Knutsford Express  lost $1.09 to close at $11.90, with an exchange of 6,786 stock units. Lasco Distributors  finished with a loss of 1 cent at $3.70, with 35,500 units changing hands, Lasco Financial  settled with a loss of 49 cents at $4.50, exchanging 58,797 shares, Lasco Manufacturing  ended trading of 115,642 shares, after falling 27 cents to close at $3.21, Main Event traded at $5.40, with 7,622 shares passing through the market and Stationery and Office concluded trading of 28,500 shares at $6.75.

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

Main market inched higher – Monday

Caribbean Cement closed trading at a new closing high of $65.

Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index rising just 86.04 points to 424,658.29 and the JSE Index advancing by 78.19 points to 386,893.59.
At the close of the main and US markets, 29 securities traded, compared to 30 on Friday and leading to 7 advancing, 15 declining and 7 closing unchanged.
Trading ended with 2,044,315 units valued at $94,776,769 compared to 1,601,348 units valued $55,418,482 crossing the exchange on Friday.
PanJam Investment led trading with 700,915 shares, comprising 34 percent of total main market volume, followed by Wisynco Group with 263,807 units or 13 percent and Jamaica Stock Exchange with 201,572 stock units and 10 percent of the day’s trades.
Market activity ended with an average of 75,715 units valued at $3,510,251, in contrast to 59,309 shares valued at $2,052,536 on Friday. The average volume and value for the month to date amounts to 216,255 shares at $2,996,728 for each security, compared to 289,643 shares at $3,590,315 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Berger Paints slid 30 cents to end at $20.20, with 352 stock units changing hands, Caribbean Cement finished $4.37 higher at a all-time closing high of $65, with 110,457 shares changing hands, Jamaica Broilers lost $1.20 and finished trading of 22,956 units at $30.80, Jamaica Producers rose 50 cents to close at $23.10, trading 14,286 shares. JMMB Group concluded trading of 74,318 shares with a fall of $1 at $30, Jamaica Stock Exchange lost $1 to end at $16, with an exchange of 201,572 shares, Kingston Wharves gave up $1 to settle at $71, trading 52,015 units, Mayberry Investments gained 50 cents in trading 28,000 shares, at $8.50.  NCB Financial Group  traded 19,678 shares in losing 49 cents to close at $144.01,  Sagicor Group  gained 69 cents, ending trading with 39,457 stock units at $38.74, Scotia Group  dropped $1.60 trading 7,455 shares at $50.40 and  Supreme Ventures lost 75 cents, finishing at $26, with 19,644 units changing hands.
Trading in the US dollar market ended with 3,060 units valued at US$1,497. JMMB Group 6% preference share traded 1,000 units to close at US$1.04 and Proven Investments ended with 2,060 units trading at 23 US cents. The JSE USD Equities Index declined 3.06 points to close at 176.17.

Junior Market trading steady – Monday

Junior Market stock trading.

Trading volume rose just 3 percent over Friday’s level on the Junior Market of the Jamaica Stock Exchange on Monday, resulting in an exchange of 3,199,174 units valued at $8,299,261, lower than the $9,592,204 expended on the 3,096,487 shares traded on Friday.  
At the close, the market index rose 20.20 points to 3,091.26 as 23 securities changed hands with prices of 10 rising, 8 declining and 5 remaining unchanged, compared with 24 securities changing hands, previously. FosRich Group traded at an intraday record high of $4.60 but drifted lower at the close.
Trading ended with an average of 139,095 units for an average of $360,837 in contrast to 129,020 units for an average of $399,675 on Friday. The average volume and value for the month to date amounts to units 114,510 valued at $401,574 and previously 110,022 valued at $409,011 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 10 with lower offers.
At the close of the market, AMG Packaging ended trading 10 cents higher at $2.30, with an exchange of 10,000 stock units, Cargo Handlers settled with a loss of 5 cents at $10.95, with 4,494 shares changing hands, Caribbean Cream ended trading of 1,098 shares and rose 20 cents to close at $5.70. Caribbean Producers traded 9,500 units, with a loss of 9 cents at $4.86, Derrimon Trading ended 20 cents higher at $2.70, with an exchange of 89,835 shares. Dolphin Cove dropped $1.50 in closing at $12.50, with an exchange of 1,784 shares, Everything Fresh ended at $1.41, with 8,900 stock units changing hands, Elite Diagnostic settled 8 cents higher at $3.10, with 17,159 units changing hands, Express Catering ended trading of 1,900 shares 48 cents higher at $7.99. FosRich Group closed at $4.30 after trading 23,408 shares at a record high of $4.60, Fontana finished trading 288,466 shares, with a loss of 4 cents in closing at $3.95,  General Accident  closed 5 cents higher at $4.30, with an exchange of 81,000 stock units. GWest Corporation  ended with a loss of 20 cents at $1.30, with 82,735 units changing hands, Honey Bun  concluded trading of 4,145 shares at $4, iCreate lost 1 cent and closed at $1, with an exchange of 1,011,174 shares, Indies Pharma  finished with a loss of 1 cent at $3.05, trading 1,066,647 shares. Jamaican Teas  traded 5,000 units and gained 33 cents to close at $3.53,  Lasco Distributors finished 1 cent higher at $3.71, with an exchange of 415,000 units. Lasco Financial settled 49 cents higher at $4.99, with 1,254 shares changing hands, Lasco Manufacturing  ended trading 24,028 shares at 3 cents higher to $3.48, Main Event traded with 6,200 shares at $5.40. SSL Venture Capital ended with a loss of 5 cents at $1.60, with an exchange of 29,947 shares and Stationery and Office  concluded trading at $6.75, with 15,500 shares changing hands.

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

3 new additions to IC TOP 10

There are three new additions to the IC Insider.com’s TOP 10 stocks for this week, but there are no new movement in and out of the top main market stocks.
AMG Packaging moved up in price and slipped out of the top list, Caribbean Cream and Medical Disposables that climbed to $7.50 at the end of the week, were edged out.
CAC2000 returns to the TOP 10 as the price fell to $9.21 after months of absence. Pressure on revenues due to disruption in business caused by the roadworks around the area of their offices, could see this one being down in price for a while, until investors see it as just temporary. Everything Fresh makes it to the list in eight position and Jamaican Teas returns with the price hit down to $3 but closed with the bid at $3.50.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 240 percent, Elite Diagnostic with potential gains of 228 percent and CAC2000 with potential gains of 226 percent.
Victoria Mutual investments is now the top Main Market stock with 156 percent likely gain, followed by Radio Jamaica with 152 percent and Sterling Investments with potential to gain 151 percent.
The main market, closed the week with the overall PE at 13.6 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks average 6.6 and the main market PE is now 8.5. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 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.

Main market closes higher – Friday

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index climbing 1,739.73 points to 424,572.25 and the JSE Index advancing by 1,580.91 points to 386,815.40.
At the close of the main and US markets, 30 securities traded, compared to 33 on Thursday and leading to 14 advancing, 6 declining and 10 closing unchanged.
Trading ended with 1,601,348 units valued $55,418,482 crossing the exchange, compared to 12,017,340 units valued $109,444,077 changing hands on Thursday.
Scotia Group led trading with 508,817 shares, comprising 31.8 percent of total main market volume, followed by Carreras with 268,294 stock units or 16.75 percent of the day’s trades and Wisynco Group with 240,423 units or 15 percent.
Market activity ended with an average of 59,309 units valued at over $2,052,536, in contrast to 375,542 shares valued at $3,420,127 on Thursday. The average volume and value for the month to date amounts to 289,643 shares at $3,590,315 for each security, compared to 341,904 units valued at $3,094,443 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Berger Paints gained 40 cents and ended at $20.50, with 14,695 stock units changing hands, Carreras concluded trading with 268,294 units but lost 44 cents to close at $9.05, Jamaica Stock Exchange gained $1 to end at $17, with an exchange of 15,664 shares. Kingston Wharves recovered the $4 it lost on Thursday, to settle at $72, trading 2,700 units, Mayberry Investments  fell $1 in trading 5,000 shares, at $8,  Mayberry Jamaican Equities loaded 62 cents and ended trading of 9,296 shares at $9.70, NCB Financial Group  traded 36,941 shares, losing 50 cents to close at $144.50.  Scotia Group  climbed $1.80 trading 508,817 shares at $52,  Stanley Motta lost 81 cents to end at $4.50, trading 9,000 shares and Wisynco Group rose 54 cents, ending trading of 240,423 shares at $11.95.
Trading in the US dollar market ended with 741,956 units valued at over US$96,943. JMMB Group 5.75% preference share traded 1,000 units with a 4 US cents gain to close at US$2.04Proven Investments ended with 160,056 units trading at 23 US cents and Sygnus Credit Investments traded 580,900 units to end at 10 US cents. The JSE USD Equities Index declined 0.15 points to close at 179.23.

Increased trading on Junior Market – Friday

Derrimon Trading exchanged 2.5m shares on Friday.

Trading rose 134 percent on the Junior Market of the Jamaica Stock Exchange on Friday, resulting in an exchange of 3,096,487 units valued at $9,592,204, 78 percent higher than the $5,378,634 expended on 1,321,507 shares traded on Thursday.  
The increased market activity failed to move the index up. At the close, the index dropped 35.46 points to 3,071.06 as 24 securities changed hands with prices of 5 rising, 13 declining and 6 remaining unchanged, compared with 25 securities changing hands previously.
Trading ended with an average of 129,020 units for an average of $399,675 in contrast to 52,860 units for an average of $215,145 on Thursday. The average volume and value for the month to date amounts to units 110,022 valued at $409,011 and previously 105,552 valued at $411,207 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, 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.
At the close of the market, AMG Packaging ended at $2.20, with 12,842 stock units changing hands, Blue Power concluded trading with 500 units at $4.50, Cargo Handlers settled at $11, with an exchange of 100 shares, Caribbean Cream ended trading with a loss of 4 cents at $5.50, with 3,782 shares traded. Caribbean Flavours traded 102,200 stock units with a loss of 15 cents, in closing at $16.95, Caribbean Producers closed with 4,100 units changing hands, after falling 4 cents to end at $4.95, Derrimon Trading ended with a loss of 10 cents at $2.50, with an exchange of 2,510,989 shares. Dolphin Cove concluded trading of 750 shares, with a rise of 1 cent to $14, Everything Fresh finished with a loss of 4 cents at $1.41, with 48,000 stock units changing hands, Express Catering ended trading of 3,100 shares with a loss of 24 cents to end at $7.51, FosRich Group exchanged 4,462 shares and rose 40 cents to $4.30.  Fontana  finished trading 91,304 shares and fell 1 cent to $3.99,  General Accident  closed with a loss of 25 cents at $4.25, in exchanging 20,000 stock units, GWest Corporation  ended at $1.50, with 7,000 units trading. Honey Bun  concluded trading of 2,055 shares with a loss of 18 cents in closing at $4, iCreate added 1 cent and closed at $1.01, with an exchange of 100,791 shares, Indies Pharma finished 1 cent higher at $3.06, with an exchange 979 shares, Jamaican Teas traded with a loss of 90 cents at a 52 weeks’ low of $3.20, in swapping 61,000 units. Jetcon Corporation finished trading 26,470 shares, with a loss of 59 cents to close at $2.31, Knutsford Express concluded trading 18,881 stock units with a loss of 89 cents to $12.99, Lasco Distributors finished with a loss of 10 cents at $3.70, with an exchange 68,485 units. Lasco Manufacturing ended trading with 4,597 shares with a loss of 10 cents at $3.45, Medical Disposables traded 100 stock units at $8 and Stationery and Office concluded trading of 4,000 shares at $6.75.

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

Motta in another big trade – Thursday

Stanley Motta 58 Half Way Tree building.


Stanley Motta led trading with 10 million shares for 84 percentage of the day’s volume on the main market of the Jamaica Stock Exchange on Thursday, down from 11.2 million units on Wednesday.
Trading ended with 12,017,340 units valued $109,444,077 crossing the exchange, compared to 22,489,492 units valued at $166,148,557 changing hands on Wednesday.
Market activity ended with an average of 375,542 units valued $3,420,127, in contrast to 725,467 shares valued at $5,359,631 on Wednesday. The average volume and value for the month to date amounts to 341,904 shares at $3,094,443 for each security, compared to 110,352 units valued at $1,654,394 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
At the close of the main and US markets, 33 securities traded, compared to 32 on Wednesday and leading to 8 advancing, 14 declining and 11 closing unchanged as investors pushed Kingston Wharves by $4 to $72 and JMMB Group by $2.99 to $33.
The JSE All Jamaican Composite Index lost 508.79 points to 422,832.52 and the JSE Index declined by 462.34 points to 385,234.49.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Barita Investments rose 40 cents and ended at $44.50, trading 11,367 stock units, Caribbean Cement added60 cents in trading of 60,212 shares changing hands, Eppley gained 43 cents and ended trading 5,150 shares at $11, Jamaica Broilers increased by $1 in trading 706,652 units to close at $32. Jamaica Producers fell 90 cents to close at $22.60, with 9,509 shares changing hands. Jamaica Stock Exchange  declined 95 cents to end at $16, with an exchange of 57,323 shares, JMMB Group lost $1.95 in trading of 29,136 shares to close at $31.05,  Kingston Wharves  dropped $4 to settle at $68, trading 2,000 units, Mayberry Investments  rose 72 cents in trading 16,020 shares, at $9.  Mayberry Jamaican Equities lost 83 cents and ended trading of 18,018 shares at $9.08, PanJam Investment  lost $1.70 to finish at $80, trading 3,755 shares, Scotia Group  lost $1.10 trading 102,176 shares at $50.20, Seprod fell 95 cents to close at $42.50 in trading 9,708 shares and Sterling Investments added 44 cents trading with 3,667 stock units at $3.99.
Trading in the US dollar market ended with 14,662 units with Productive Business Solution being the sole stock trading and ended at 59 US cents. The JSE USD Equities Index gained 0.15 points to close at 179.38.

 

Trading down for Junior Market – Thursday

Trading dropped more than 70 percent on the Junior Market of the Jamaica Stock Exchange on Thursday, resulting in an exchange of 1,321,507 units for just $5,378,634 compared to 3,107,329 units valued at $11,717,595 on Wednesday.
The market index gained 28.89 points to close at 3,106.52 as 25 securities changed hands with prices of 8 stocks rising, 7 declining and 10 remaining unchanged, compared with 26 securities changed hands previously.
Trading ended with an average of 52,860 units for an average of $215,145 in contrast to 119,513 units for an average of $450,677 on Wednesday. The average volume and value for the month to date amounts to units 105,552 valued at $411,207 and previously 122,660 shares with a value of $474,863 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
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 2 with lower offers.
At the close of the market, Access Financial closed at $45.50, with an exchange of 5,800 shares, AMG Packaging ended at $2.20, with 20,250 stock units changing hands, Blue Power concluded trading of just 500 units and rose 20 cents to $4.50, Cargo Handlers settled at $11, with 5,000 shares. Caribbean Producers finished trading with 1,433 units at 29 cents higher to $4.99, Consolidated Bakeries closed at $2, with an exchange of 87,701 shares, Derrimon Trading ended at $2.60, with 15,000 shares changing hands, Everything Fresh finished trading 41,194 stock units at $1.45, Express Catering ended trading 95,224 shares with a loss of 25 cents to close at $7.75. FosRich Group ended with a loss of 10 cents at $3.90, with 13,174 shares changing hands, Fontana finished trading 511,481 shares, with a loss of 5 cents to close at $4,  General Accident  closed 30 cents higher at $4.50, with an exchange of 200 stock units, GWest Corporation  ended at $1.50, with 10,000 units trading. Honey Bun traded 259,350 shares, and rose 18 cents to end at $4.18, iCreate lost 1 cent and closed at $1, with an exchange of 44,410 shares. Indies Pharma finished with a loss of 5 cents at $3.05, with an exchange of 58,280 shares, Iron Rock  settled at $3.99, with 1,714 shares changing hands, Jamaican Teas traded 11,475 units at $4.10. Jetcon Corporation  finished trading 5 cents higher at $2.90, with an exchange of 40,467 shares, Knutsford Express  concluded trading of 270 stock units, with a loss of 60 cents in closing at $12.10,  Lasco Distributors  finished 8 cents higher at $3.80, with an exchange of 1,166 units, Lasco Financial  settled at $4.50, trading 6,760 shares. Lasco Manufacturing ended trading of 76,687 shares at 15 cents higher to $3.55, Main Event traded 3,971 shares with a loss of 5 cents to end at $5.40 and Medical Disposables gained 40 cents to close at $8, with 10,000 stock units changing hands.

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

Cement hits record $73.90 on JSE – Wednesday

Caribbean Cement traded at a new high of $73.90 on Wednesday.

Caribbean Cement traded at a record high of $73.90 on Wednesday but closed at $60 at the close with a gain of $4 in trading 23,168 shares on the main market of the Jamaica Stock Exchange.
At the close of the main and US markets, 32 securities traded, compared to 31 on Tuesday and leading to 11 advancing, 11 declining and 10 closing unchanged as investors pushed Kingston Wharves by $4 to $72 and JMMB Group by $2.99 to $33.
The JSE All Jamaican Composite Index lost 2,104.17 points following the 1,034.03 points decline on Tuesday to close at 423,341.31 and the JSE Index declined by 1,912.07 points to 385,696.83 after it fell 939.63 points on Tuesday.
Trading ended with 22,489,492 units valued at $166,148,557 crossing the exchange, compared to 1,404,921 units at just $34,225,857 changing hands on Tuesday.
On a day of increased volumes, Stanley Motta led trading with 11.2 million shares for 50 percentage of the day’s volume, followed by Kingston Properties with 10 million units for 45 percent of the overall volume shares, no other stock came close to 1 million shares.
Market activity ended with an average of 725,467 units valued $5,359,631, in contrast to 50,176 shares valued at $1,222,352 on Tuesday. The average volume and value for the month to date amounts to 110,352 units valued at $1,654,394. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
In main market activity, Barita Investments fell 30 cents to $44.10, with an exchange of 4,767 shares, Berger Paints lost 75 cents and ended at $20.25, trading 400 stock units, Caribbean Cement jumped $4 to close at $60, with 23,168 shares changing hands, Jamaica Broilers shed 50 cents in trading 10,250 units to close at $31. Jamaica Producers  gained $1 to close at $23.50, with 10,536 shares changing hands. JMMB Group  climbed $2.99 in trading of 10,536 shares at $33,  Kingston Wharves  jumped $4 to settle at $72, trading 2,150 units,  Pulse Investments  gained 39 cents to finish at $3.18, trading 22,130 shares, Scotia Group  put on 29 cents trading 119,151 shares at $51.30,  Seprod rose $1.29 to close at $43.44 in trading 2,351 shares. Stanley Motta rose 66 cents and closed at $5.31, with 11,215,430 shares changing hands. Sterling Investments lost 44 cents trading with 79,757 stock units at $3.55.
Trading in the US dollar market ended with 51,788 units. JMMB Group preference share closed trading and with 7,000 units changing hands at US$1.04 and Sygnus Credit Investments exchanged 44,788 shares at 10 US cents. The JSE USD Equities Index remained unchanged at 179.23.