Trading in Express Catering shares declined sharply lower on the Junior Market on Friday, with just 1,663,796 units trading compared to 71,508,426 units traded on Thursday. The stock climbed 60 cents to close at a record of $5.20 with 368,228 on the offer at the closing price.
There is still a large number of bids to buy the stock in the high $4 range up to $5. At this price its valued at 20 times estimated 2018 earnings. Based on the behaviour of investors in Main Event it could well be pushed higher and then settle back lower, only time will tell.
Trading elsewhere on the Junior Market remained subdued on Friday with 3,193,325 shares changing hands valued at $14,765,053, from 72,244,997 shares valued at $309,765,128 traded on Thursday. At the close, the market index rose 36.68 points to 3,163.11.
Twenty (20) securities traded, versus 21 on Thursday with 7 stocks gaining and 3 declining and closed with 3 stocks having bids higher than the last traded prices and 4 closing with lower offers.
The Junior Market ended trading with an average of 159,666 units for an average value of $738,253 in contrast to 3,440,238 units for an average value of $14,750,720 on Thursday. The average volume and value for the month to date amounts to 552,021 units valued at $1,948,762 compared to 571,639 units valued at $2,009,287 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services closed at $46.50 in trading 500 units, AMG Packaging fell 25 cents and closed at $3.50 with 4,000 units changing hands, Cargo Handlers ended trading 5,612 shares to close at $13.20, Caribbean Cream ended trading at $7, after trading 41,257 shares, Caribbean Producers shed 14 cents to close trading with 24,986 units, at $3.25, General Accident added 20 cents, closing trading with 340,315 shares at $2.90, 
ISP Finance closed with 6,633 units changing hands at $16, Jamaican Teas rose 20 cents in trading 655,573 shares to close at $4.25, Jetcon Corporation traded 200,930 shares to end at $5.05, after gaining 8 cents, Key Insurance traded 16,750 units to close at $3.85 after rising 80 cents, KLE Group ended at $2 with 30,044 shares changing hands, Knutsford Express traded 9,497 shares to end at $15 Lasco Financial rose 25 cents and ended with 46,624 shares changing hands at $3.80, Main Event gained 10 cents to close with 127,049 shares trading at $5.60, Paramount Trading rose 4 cents and ended with 3,000 units changing hands at $2.99, tTech traded 6,500 units to close at $9.60 and Eppley 9.5% preference share jumped $1.10 to close at a 52 weeks’ high of $7.20, with 645 units trading.
JSE index at new record close Friday
NCB stock traded at a high of $81 on Friday, helping to fuel another record clsoe for the main market.
The Jamaica Stock Exchange Market Index climbed another 655.78 points on Friday to another record close of 241,606.22, the second consecutive day of record close.
The All Jamaica Composite Index closed within 212 points of the record close of May 17, this year, with the index advancing 719.76 points to close at 265,176.94. The JSE US dollar market index closed at 188.42 with 1 security trading in the US dollar market.
At the close of trading, 25 securities changed hands in the main market leading to 15 stocks advancing including two new highs and 9 declining. The main market ended with 2,406,199 units valued at $41,645,948 changing hands compared to 4,006,769 units valued at $51,512,263 at the close on Wednesday. Trading in the US dollar market accounted for 9,113 units valued at US$9,113 bringing the total of all trades to just J$41,925,899.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 96,248 units valued at 1,665,838 for each security traded compared to an average of 166,949 units valued at $2,146,344. The average volume and value for the month to date ended at 118,357 units with an average value of $2,356,369 compared with an average of 119,521 units with an average value of $2,389,059 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained $1 at the end of trading to close at $18 with 36,598 shares changing hands, Cable and Wireless added 3 cents to close at $1.05, with 254,868 stock units switching owners, Caribbean Cement traded $1.50 higher to close at $31.50 exchanging 26,431 shares, Carreras closed at $91.20 with a loss of 41 cents trading 10,417 units, Grace Kennedy closed at $41, after losing 95 cents in exchanging 26,799 shares. Jamaica Broilers closed at $19.50, gaining 50 cents with trades of 51,000 shares, Jamaica Producers gained 1 cent, closing at $14.98 with 29,677 shares traded. Jamaica Stock Exchange lost 30 cents to close at $6 exchanging 34,820 shares, JMMB Group was down 35 cents, closing at $19.65, with trades of 774,521 shares, Kingston Properties closed at $8 with gains of 80 cents trading 2,394 shares, 
Kingston Wharves closed 99 cents lower to $29.01, with 1,786 units switching owners. Mayberry Investments added 1 cent to close at $4.62 trading 51,333 shares, NCB Financial Group traded $3 higher to a record close of $80, after exchanging 120,834 shares, 138 Student Living closed at $5, gaining 45 cents, trading 948 units, PanJam Investment climbed $1, closing at $34 in trading 31,062 shares, Portland JSX lost 50 cents, closing at $9.50 while exchanging 81,517 shares, Pulse Investments traded 18 cents lower to $2.31, with an exchange of 404,166 shares, Radio Jamaica gained 15 cents to close at $1.45 with 17,772 shares exchanged. Sagicor Group lost 50 cents, with 13,171 shares traded, to close at $31, Sagicor Real Estate Fund gained 30 cents, closing at $10.80 and trading 202,621 shares, Scotia Group closed at $44.80, after losing 19 cents with 103,886 shares traded, Supreme Ventures gained 31 cents to close at $7.99 with 126,504 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 9,113 units, JMMB Group 7.25% preference share closed at a record $1.60, with gains of 5 cents exchanging 248 units, JPS 7% preference share traded 1,326 units at 45 cents and JMMB 7.5% preference share gained 14 cents to close at $1.99 trading 1,500 units.
54% Express Catering IPO shares trade
Starbucks one of the brands Express Catering will sell at the Montego Bay Airport.
Investors traded 71.6 million of Express Catering shares in Junior Market activity on Thursday. The day’s trade brings the total since the company’s shares were listed in the previous week, to 176,255,281 units, a very high 54 percent of the 327,500,000 units sold in the Initial Public Offer (IPO).
“A number of the large investors in the stock who had planned to hold them for a while, decided to take profit in light of the sharp uptick in the stock price,“ Gary Peart of Mayberry Investments, brokers to the IPO, advised IC Insider.com. Peart also stated that there was strong institutional demand for the stock as well. The stock traded over 70 million units for the second day running having traded 71,996,755 units on Wednesday. Express Catering’s stock price closed with a rise of 30 cents to end at a record closing high of $4.60 with 71,508,426 units traded.
Trading on the Junior Market remained high on Thursday with 72,244,997 shares changing hands valued at $309,765,128, from 73,477,574 shares valued at $263,785,025 traded on Wednesday. At the close, the market index rose 30.21 points to 3,126.43.
A total of 21 securities traded, versus 20 on Wednesday with 11 stocks gaining and 5 declining and closed with 3 stocks having bids higher than the last traded prices and 4 closing with lower offers.
The Junior Market ended trading with an average of 3,440,238 units for an average value of $14,750,720 compared to 3,673,879 units for an average value of $13,189,251 on Wednesday. The average volume and value for the month to date amounts to 571,639 units valued at $2,009,287 compared to 420,660 units valued at $1,338,685 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, AMG Packaging rose 5 cents and closed at $3.75 with 10,000 units changing hands, Blue Power fell 90 cents, to close at $44 with only 213 units changing hands, CAC 2000 rose 20 cents with 200 shares trading to end at $6.70, Cargo Handlers shed 55 cents and ended trading 2,500 shares to close at $13.20, Caribbean Cream rose 20 cents, closing trading with 50,962 units at $7, Caribbean Producers gained 24 cents to close trading with 14,777 units, at $3.39, 
Dolphin Cove ended at $17.50 with 204 shares changing hands, Eppley lost 62 cents in trading 100 shares at $12.38, General Accident added 13 cents and closed trading with 6,500 shares at $2.70, Honey Bun gained 1 cent with 5,000 shares changing hands and closed at $5.56, ISP Finance closed with 367 units changing hands at $16, Jamaican Teas rose 20 cents in trading 427,263 shares to close at $4.20, Jetcon Corporation traded 32,162 shares to end at $4.97, after gaining 27 cents, KLE Group ended at $2 with 4,591 shares changing hands, Knutsford Express traded 8,340 shares to end at $15, Lasco Distributors closed at $6.50 after trading 300 units, Lasco Financial lost 5 cents and ended with 107,166 shares changing hands at $3.55, Main Event gained 10 cents to close with 50,700 shares trading at $5.60, Medical Disposables closed at $5.50 with 14,000 units trading and tTech traded 1,226 units, rising 10 cents to close at $9.60.
JSE surged to record close on Thursday
NCBFG closed at a record of $77 and helped push the old market index to a new record on Thursday.
Big movement in some Jamaica Stock Exchange prices on Thursday saw the JSE Market Index jumping 3,189.90 points to surprisingly end at an all-time record high of 240,950.44, bettering the previous record of 240,759.97 at the close of May 17 this year.
The All Jamaica Composite Index surged 3,501.11 points to 264,457.18, closing within 1,000 points of the all-time record close reached in May this year. The JSE US dollar market index fell 1.47 points to close at 188.42 with 2 trading in the US dollar market.
At the close of trading, 24 securities changed hands in the main market, leading to 12 stocks advancing and 7 declining. The main market ended with 4,006,769 units valued at $51,512,263 changing hands compared to 2,974,171 units valued at $46,072,557 at the close on Wednesday. Trading in the US dollar market accounted for 38,672 units valued at US$14,600 bringing the total of all trades to J$70,317,063.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices, while there was none closing with lower offers.
The main market ended trading with an average of 166,949 units valued at $2,146,344 for each security traded compared to an average of 123,924 units valued at $1,919,690. The average volume and value for the month to date ended at 119,521 units with an average value of $2,389,059 compared with an average of 116,886 units with an average value of $2,402,544 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded $1 higher to close at $17 in exchanging 34,353 shares, Cable and Wireless closed at $1.02, with 99,771 stock units switching owners, Caribbean Cement traded $2.25 higher to close at $30 trading 144,675 shares, Carreras gained 6 cents, to close at $91.61 in trading 25,614 units, Grace Kennedy closed at $41.95, with a loss of 4 cents exchanging 2,711 shares. Jamaica Broilers closed at $19, gaining 50 cents and trading 480 units, Jamaica Producers gained 37 cents, closing at $14.97 with 2,011 shares traded. Jamaica Stock Exchange lost 13 cents to close at $6.30 exchanging 2,449 shares, JMMB Group added 50 cents, closing at $20, with trades of 614,326 shares, Kingston Properties traded 474 units at $7.20, Kingston Wharves closed $2.50 higher to $30, with 200 units switching owners. 
Mayberry Investments closed at $4.61, with a gain of 6 cents trading 368,918 shares, NCB Financial Group traded $1.79 higher to a record close of $77, after exchanging 17,804 shares, 1834 Investments closed at $1.50, rising 10 cents with 11,205 shares traded, PanJam Investment gained $2 to $33 trading 24,727 shares, Portland JSX closed at $10 exchanging 3,700 shares, Radio Jamaica traded 6,898 shares at $1.30. Sagicor Group lost 50 cents, with an exchange of 30,292 shares, to close at $31.50, Sagicor Real Estate Fund declined 14 cents, closing at $10.50 while trading 2,472,421 shares, Scotia Group closed at $44.99, with trades of 1,000 shares, Scotia Investments traded $1.49 lower to close at $35.50, with an exchange of 1,260 shares, Seprod added 5 cents, closing at $30 with 580 units traded,Supreme Ventures lost 32 cents to close at $7.68 with 97,400 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 32,628 units, JMMB Group US 6% preference share closed at US$1.12 exchanging 6,044 units and JMMB Group 7.5% preference share gained 8 cents to close at $1.19 trading 43,500 units.
Stationery Company to list early August
Stationery and Office Supplies that issued shares to the public on the 19th of July should be listed on the Junior Market of the Jamaica Stock Exchange on August 9, after the public holidays, subject to the listing committee meeting to approve same, IC Insider.com has been informed by a person close to the issue.
JN Fund Managers announced the method of allocation of the 52 million shares that were offered to the public. The issue attracted 1,216 applications for 241.722 million shares.
Shares allocated to SOS’ staff members were not applied for in full and resulted in 4,061,000 units being added to the general public pool with the staff picking up 8.439 million units.
The general public were all allotted the minimum of 5,000 units with the balance allocated on a pro rata basis taking into account the number of units applied for as a percentage of the total application pool in this category. JN Fund Managers’ clients were allotted up to 77,585 units of the shares applied for. Cheques for refunds should start going out as of Thursday, IC Insider.com was reliably informed.
Express Catering up 187% to Wednesday
Ian Dear, Managing Director of Express Catering
Wednesday was the biggest day of trading in Express Catering since it listed last Friday on the Junior Market, the stock closed with an 89 cents rise to a record closing high of $4.30 with a massive 71,996,755 units trading out of a total of 73.5 million shares that traded in the market.
Express Catering’s stock price is up 187 percent from the IPO price of $1.50 so far, the stock closed with the bid at $4.30 to buy 303,034 units.
Trading on the Junior Market jumped sharply on Wednesday to 73,477,574 shares valued at $263,785,025 up from 35,527,220 shares valued at $124,668,100 traded on Tuesday. At the close, the market index rose 67.29 points to 3,096.22.
At the close 20 securities traded, down from 21 on Tuesday with 11 stocks gaining and 5 declining. Trading closed with 1 stock having a higher bid than the last traded price and 6 closing with lower offers.
The Junior Market ended trading with an average of 3,673,879 units for an average value of $13,189,251 compared to 1,691,772 units for an average value of $5,936,576 on Tuesday. The average volume and value for the month to date amounts to 571,639 units valued at $2,009,287 compared to 239,926 units valued at $680,321 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, Access Financial Services closed at $46.50 in trading 33,936 units, Blue Power rose $6.90 after diving $11 on Monday and Tuesday, to close at $44.90 with only 200 units changing hands, CAC 2000 lost 20 cents with 10,007 shares trading to end at $6.50, Caribbean Cream fell 20 cents and closed trading with 112,288 units at $6.80, Caribbean Producers fell 25 cents to close trading with 19,172 units, at $3.15, Consolidated Bakeries ended with 32,020 units changing hands, to close at $2.62. Eppley closed trading with 9,500 shares at $13, General Accident added 6 cents and closed trading with 25,000 shares at $2.57, 
Honey Bun gained 55 cents with 2,149 shares changing hands and closed at $5.55, ISP Finance jumped $4 and closed with 5,424 units changing hands at $16, Jamaican Teas lost 25 cents in trading 67,099 shares to close at $4, Jetcon Corporation traded 59,800 shares to end at $4.70, after gaining 9 cents, Knutsford Express traded 6,200 shares to end at $15, Lasco Distributors closed 1 cent lower at $6.50 after trading 216,522 units, Lasco Financial rose 4 cents and ended with 176,765 shares changing hands at $3.60, Lasco Manufacturing grew 58 cents and ended with 646,045 shares trading at $4.89, Main Event gained 30 cents to close with 14,214 shares trading at $5.50, Medical Disposables closed at $5.50 with 42,656 units trading and Derrimon Trading preference share ended with 1,822 units changing hands to close at $2.50.
Big jump in JSE indices on Wednesday
The main market of the Jamaica Stock Exchange indices rose sharply at the close on Wednesday with the All Jamaica Composite Index advanced 3,380.75 points to close at 260,956.07, the JSE Market Index rose 3,080.24 points to 237,760.54 and the JSE US dollar market index gained 0.89 points to close at 189.89.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 14 stocks advancing and 4 declining. The main market ended with 2,974,171 units valued at $46,072,557 changing hands compared to 2,850,716 units valued at $31,654,846 at the close on Tuesday. Trading in the US dollar market accounted for 123,899 units valued at US$30,025 bringing the total of all trades to J$49,915,700.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 123,924 units valued at $1,919,690 for each security traded compared to an average of 105,582 units valued at $1,172,402. 
The average volume and value for the month to date ended at 116,886 units with an average value of $2,509,606 compared with an average of 116,472 units with an average value of $2,430,947 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 32 cents to close at $16 trading 10,359 shares, Cable and Wireless closed at $1.02, gaining 12 cents with 602,580 stock units swapping owners, Caribbean Cement traded $2.95 higher to close at $27.75 exchanging 723,700 shares after the company reported improved second quarter resilts, Carreras slid to $91.55, with a loss of $18.45 trading 2,525 units as this stock is now suffering from limited supply and with wholesale buying not at the higher level, Grace Kennedy closed at $41.99, with gains of 99 cents exchanging 78,085 shares. Jamaica Broilers closed at $18.50 by gaining 49 cents, with 111,591 shares trading, Jamaica Producers gained 10 cents, closing at $14.60 with 28,049 shares traded. Jamaica Stock Exchange lost 6 cents to close at $6.43 exchanging 4,032 shares, JMMB Group gained 50 cents, closing at $19.50, with 10,219 shares changing hands, Kingston Wharves traded $2.50 higher to $32.50, with 150,382 shares switching owners. Mayberry Investments closed at $4.55, with an exchange of 130,000 shares, 
NCB Financial Group traded $1.16 higher to $75.21, after exchanging 37,026 shares, 1834 Investments closed at $1.40 with trades of 11,205 shares, PanJam Investment closed with a loss of $2 to $31 trading 2,673 units, Proven Investments closed at $24.71 with 250,000 shares traded, Pulse Investments gained 17 cents to close at $2.49 with 34,547 shares changing owners, Radio Jamaica closed at $1.30, with gains of 5 cents trading 15,036 shares. Sagicor Group gained 50 cents, with an exchange of 26,433 shares, to close at $32, Sagicor Real Estate Fund declined 56 cents, closing at $10.64 exchanging 393,442 shares, Scotia Group gained $1.48 to close at $44.99, with trades of 2,270 shares, Seprod closed at $29.95, with gains of 20 cents exchanging 1,940 shares, Supreme Ventures traded 6,900 shares at $8, having gained 20 cents. Proven Investments US ordinary shares closed at 24 US cents trading 123,899 units, JMMB 7.5% preference share closed at $1.85, losing 15 cents exchanging 304,177 units and JMMB Group 7.5% preference share traded 37,000 units at $1.11.
Carreras jumps $20 to $110 record high
Carreras climbed to a 52 weeks’ high of $110 on Tuesdaay.
In modest trading on main market of the Jamaica Stock Exchange ended with more stock declining than advancing but with a big jump in the price of Carreras by nearly $20 helping to drive the indices up at the close on Tuesday. At the close, 27 securities traded in the main market with 2 trading in the US dollar market, leading to 8 stocks advancing and 15 declining.
The All Jamaica Composite Index advanced 919.07 points to close at 257,575.32, the JSE Market Index gained 837.37 points to 234,680.30 and the JSE US dollar market index declined 12.17 points to close at 189.00.
The main market ended with 2,850,716 units valued at $31,654,846 changing hands compared to 1,923,682 units valued at $19,764,112 at the close on Monday. Trading in the US dollar market accounted for 282,881 units valued at US$87,908 bringing the total of all trades to J$42,907,126.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 2 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 105,582 units valued at $1,172,402 for each security traded compared to an average of 96,184 units valued at $988,206. The average volume and value for the month to date ended at 116,472 units with an average value of $2,430,947 compared with an average of 117,153 units with an average value of $2,509,606 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Barita Investments traded 35 cents lower to close at $6.65 with 150 units changing hands, Berger Paints closed at $15.68 trading 8,710 shares, Cable and Wireless lost 4 cents, closing at 90 cents with 937,467 stock units switching owners, Caribbean Cement closed at $24.80, losing 90 cents exchanging 49,814 shares, Carreras skyrocketed to a new high of $110, with gains of $19.75 while trading 4,920 units, Grace Kennedy closed at $41, with a loss of 50 cents exchanging 29,034 shares. Jamaica Broilers closed at $18.01, with a loss of 49 cents while trading 256,628 shares, Jamaica Producers gained 35 cents, closing at $14.50 with 36,616 shares traded. Jamaica Stock Exchange closed at $6.49 exchanging 29,850 shares, 
JMMB Group lost 20 cents to close at $19, with trades of 38,014 shares, Kingston Properties gained 5 cents to close at $7.20 exchanging 3,282 shares, Kingston Wharves traded $1 higher to $30, with 250 units switching owners. Mayberry Investments closed at $4.55, with an exchange of 31,000 shares, NCB Financial Group traded 87 cents lower to $74.05, after exchanging 29,557 shares, PanJam Investment closed with gains of $1 to $33, trading 8,427 units, Portland JSX exchanged 300 units at $10, Proven Investments gained 4 cents, closing at $24.71 with 261,700 shares traded, Pulse Investments fell by 17 cents to $2.32 with 54,907 shares changing owners, Radio Jamaica lost 5 cents to close at $1.25, trading 179,023 shares. Sagicor Group dropped 49 cents, with an exchange of 89,872 shares, to close at $31.50. Scotia Group lost 49 cents, closing at $43.51 with 86,085 shares trading, Scotia Investments closed with gains of 89 cents to $36.99 trading 18,000 units, Seprod lost 20 cents, closing at $29.75 trading 1,490 shares, Sterling Investments closed at $14, with a loss of 5 cents trading 570 units, Supreme Ventures traded 592,150 shares at $7.80. Proven Investments US ordinary shares lost 0.02 US cents to close at 24 US cents trading 260,398 units, Jamaica Money Market Brokers 7.5% preference share closed at $2, losing 10 cents exchanging 100,000 units and JMMB Group US 6% preference share traded 22,483 units at US$1.12.
Express Catering jumps 96% – Tuesday
Marlene Street Forrest – General Manager of the JSE is said to have intervened to reset the price Express Catering could trade at on Tuesday.
Good sense prevailed on the Jamaica Stock Exchange on Tuesday, finally allowing Express Catering to trade close to levels that large number of investors are prepared to trade the stock. In the process the price jumped 96% from Friday’s closing price and 127 percent from the IPO price of $1.50.
At the close on Monday, bids in the market above $2.29 were cancelled, an indication that the maximum price it could trade at being $2.97. IC Insider.com understands that regulations at the exchange permitted administrative intervention in the trading restriction that allowed the stock to enjoy the revised permitted price range of $2.52 to $3.41. The stock ended up trading 32,750,000 units to close with a gain of $1.67 to $3.41. During trading, the electronic board, showed that 65.6 million units traded up to $3.80. After the market closed a large portion were cancelled since the price exceeded the limit set for the day. The stock closed with the bid at $3.50 which will allow it to trade up $4.55 on Wednesday.
Trading on the Junior Market jumped sharply on Tuesday with the large trade in Express Catering, to 35,527,220 shares valued at $124,668,100, up from 1,438.180 shares valued at $7,648,204 traded on Monday. At the close, the market index rose 40.03 points to 3,028.93.
At the close, 21 securities traded, up from 17 on Monday with 9 stocks gaining and 7 declining. Trading closed with 5 stocks having a higher bids than the last traded price and 2 closing with lower offers.
The Junior Market ended trading with an average of 1,691,772 units for an average value of $5,936,576 compared to 84,599 units for an average of $449,894 on Monday. The average volume and value for the month to date amounts to 239,926 units at $680,321, compared to 74,820 units valued at $371,129 previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, AMG Packaging rose 20 cents and closed at $3.70 with 1,733 units changing hands, Blue Power dived $7 after falling $ 4 on Monday to close at $38 with 8,588 units changing hands, Cargo Handlers ended trading 4,853 shares to close at $13.75, Caribbean Cream jumped by $1 and closed trading with 105,300 units at $7, Caribbean Producers gained 38 cents to close trading with 57,863 units, at $3.40, 
Consolidated Bakeries ended with 85,000 units changing hands, to close at $2.62. Dolphin Cove ended at $17.50 with 555 shares changing hands, Eppley gained 5 cents and closed trading with 16,985 shares at a new high of $13, General Accident added 1 cent and closed trading with 80,838 shares at $2.51, Honey Bun plunged $1 with 16,760 shares changing hands and closed at $5, ISP Finance slipped $2 and closed with 23,500 units changing hands at $12, Jetcon Corporation traded 62,653 shares to end at $4.61, after gaining 11 cents, Knutsford Express traded 4,481 shares to end at $15, Lasco Distributors closed 39 cents lower at $6.51 after trading 53,268 units, Lasco Financial rose 6 cents and ended with 57,505 shares changing hands at $3.56, Lasco Manufacturing shed 19 cents and ended with 2,107,735 shares trading at $4.31, Main Event lost 10 cents to close with 20,787 shares trading at $5.20, strong> Medical Disposables lost 1 cent in ending at $5.50 with 343 units trading, Paramount Trading ended with 72,354 units changing hands at $2.95 and tTech traded 4,699 units, falling 10 cents to close at $9.50.
JSE rebound continues on Monday
Jamaica Stock Exchange indices rose again on Monday.
The main market stocks of the Jamaica Stock Exchange enjoyed a day of more rising prices than those declining which helped to lift the market indices higher than at the close on Friday. Trading was light with just $20 million trading taking place.
The All Jamaica Composite Index gained 624.71 points to 256,656.25, the JSE Market Index gained 569.18 points to 233,842.93 and the JSE US dollar market index advanced 12.74 points to 201.17.
At the close of trading, 20 securities changed hands in the main market with 2 trading in the US dollar market, leading to 12 stocks advancing and 5 declining. The main market ended with 1,923,682 units valued at only $19,764,112 changing hands compared to 1,934,322 units valued at $34,659,775 at the close on Friday. Trading in the US dollar market accounted for 7,001 units valued at US$2,227 bringing the total of all trades to J$20,049,173.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 96,184 units valued at $988,206 for each security traded compared to an average of 84,101 units valued at $1,506,947. The average volume and value for the month to date ended at 117,153 units with an average value of $2,509,606 compared with an average of 118,550 units with an average value of $2,611,033 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded 68 cents higher to close at $15.68, with an exchange of 3,390 shares, Cable and Wireless closed at 94 cents with 482,520 stock units traded, Caribbean Cement closed at $25.70, after losing 5 cents trading 8,699 shares, Carreras traded $2.25 higher to close at $90.25, with 3,615 units changing hands, Grace Kennedy closed at $41.50, with a loss of 49 cents exchanging 130,586 shares. Jamaica Broilers closed at $18.50, trading 19,716 shares and rising 50 cents, 
Jamaica Producers gained 15 cents, closing at $14.15 with 10,186 shares traded. Jamaica Stock Exchange closed 49 cents higher at $6.49 while exchanging 16,751 shares, JMMB Group traded 2,140 shares at $19.20. Mayberry Investments gained 3 cents to close at $4.55, with an exchange of 1,000 units, NCB Financial Group retreated 8 cents to $74.92, after exchanging 18,129 shares, PanJam Investment lost 50 cents and closed at $32, with 2,259 units changing owners, Portland JSX traded 4,957 shares at $10, Pulse Investments closed at $2.49, with 2,700 shares trading, Radio Jamaica closed 10 cents lower to $1.30 trading 110,851 shares. Sagicor Group gained 24 cents, with an exchange of 28,063 shares, to close at $31.99. Scotia Group traded $3 higher to $44 with 49,135 shares changing hands, Scotia Investments closed with gains of 10 cents to $36.10 trading 1,200 units, Seprod gained 20 cents, closing at $29.95 while exchanging 2,000 shares, Supreme Ventures closed at $7.80, gaining 30 cents with 1,025,785 shares being exchanged. Proven Investments US ordinary shares gained 0.02 US cents to close at 26 US cents trading 6,528 units and JMMB Group US 6% preference share exchanged 473 units at US$1.12.