Junior Market gains on Monday

Trading on the Junior Market dropped sharply on Monday to 1,438.180 shares valued at $7,648,204.78, from 8,428,003 shares valued at $32,387,101 on Friday. At the close, the market index rose 32.62 points to 2,988.90.
Trading ended with 17 securities changing hands, down from 20 on Friday with 5 gaining and 11 declining and with 6 stocks having a higher bids than the last traded price and 5 closing with lower offers.
The Junior Market ended trading with an average of 84,599 units for an average value of $449,894 compared to 421,400 units for an average value of $1,619,355 on Friday. The average volume and value for the month to date amounts to 74,820 units valued at $371,129 compared 74,208 units valued at $366,206 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 closed at $3.50 with 7,486 units changing hands, Blue Power dived $4 to close at $45 with 143 units, CAC 2000 lost 31 cents with 500 shares trading to end at $6.40, Caribbean Cream jumped by $1 and closed trading with 3,205 units at $6, Caribbean Producers lost 23 cents to close trading with 700 units, at $3.07, General Accident lost 20 cents and closed trading with 14,242 shares at $2.50, ISP Finance slipped $2 and closed with 23,500 units changing hands at $12, Jetcon Corporation traded 142,419 shares to end at $4.50, after slipping 4 cents, KLE Group ended at $2 with 31,325 shares changing hands, Knutsford Expressclimbed $1 in trading 591 shares to end at $15, Lasco Distributors closed 59 cents higher at $6.90 after trading 552,000 units, Lasco Financial lost 5 cents and ended with 235,000 shares changing hands at $3.50, Lasco Manufacturing shed 30 cents and ended with 418,482 shares trading at $4.50, Main Event lost 30 cents to close with 689 shares trading at $5.30,  Medical Disposables rose 1 cent, ending at $5.51 with 250 units trading, Paramount Trading gained 20 cents and ended with 1,000 units changing hands at $2.95 and  tTech traded 33,400 units, falling 40 cents to close at $9.60.

Massive demand for Express Catering

Gary Peart of Mayberry,King of the the IPO market.

Trading on the Junior Market picked up sharply on Friday as the newly listed Express Catering started trading but hardly contributed to the level of trading with supply being low and demand overwhelming, that would have resulted in the price reaching $3, if the circuit breaker did not prevent it.
By the close there were more than 7.64 million units on the bid for Express Catering, ranging from $2.20 to a high of $3.15, which were all cancelled, in addition, those between $2.01 up to $2. The official position at the close was the highest bid of $2 with interest to buy 1.045 million units, the stock can trade at $2.60 maximum on Monday, which is 30 percent higher than the bid of $2.
Trading was dominated by Caribbean Flavours with 1.4 million units, Jetcon Corporation with over 600,000 shares and Lasco Manufacturing with nearly 2.3 million shares. In the end the, 8,428,003 shares valued at $32,387,101 traded with the new listing accounting for just 100 units at $1.74 to record a gain of 24 cents on the initial public issue price. In contrast, on Thursday, only 565,346 shares valued at $3,255,463 traded. At the close, the market index rose 15.05 points to 2,956.28
At the close 20 securities traded, down from 21 on Thursday with 8 stocks gaining and 1 declining. Trading closed with 4 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 just 421,400 units for an average value of $1,619,355 compared to 26,921 units for an average value of $155,022 on Thursday. The average volume and value for the month to date amounts to 74,208 units valued at $366,206 compared 51,062 units valued at $282,663 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 added 49 cents to close at $46.50 in trading traded 413 units AMG Packaging gained 40 cents to close at $3.50 with 8,000 units changing hands, CAC 2000 rose just 1 cents with 36,639 shares trading to end at $6.71, Cargo Handlers ended trading 1,312 shares to close at $13.75, Caribbean Cream closed trading with 35,000 units at $5, Caribbean Flavours traded 1,400,000 units to end at $12, Caribbean Producers lost 10 cents and closed trading with 15,936 units, at $3.30, Derrimon Trading ended at $8 with 10,404 shares changing hands, Dolphin Cove ended at $17.50 with 1,000 shares changing hands, Eppley jumped $1.15 and closed trading with 3.481 shares at $12.95, General Accident lost 2 cents and closed trading with 9,637 shares to end at $2.70, ISP Finance jumped $3 and closed with 5,858 units changing hands at $14, Jetcon Corporation traded 635,488 shares to end at $4.54, Key Insurance ended at $3.05 with 12,101 shares changing hands, Knutsford Express traded 11,540 shares to end at $14, Lasco Distributors closed 6 cents higher at $6.31 after trading 128,623 units, Lasco Financial ended with 15,048 shares changing hands at $3.55, Lasco Manufacturing gained 20 cents and ended with 2,260,729 shares trading at $4.80, Main Event closed with 11,972 shares trading at $5.60 and strong> Medical Disposables ended at $5.50 with 6,100 units trading, Paramount Trading ended with 1,140 units changing hands at $2.75.

JSE main indices jump sharply – Friday

NCB Financial Group jumped $2.99 on Friday helping to push indices nearly 2,000 points.

Price movements of Jamaica Stock Exchange main market stocks drove the indices up sharply at the close on Friday, with a slightly negative advance decline ratio. While declining stocks  were greater than advancing ones, big gains of $2.99 in the price of NCB Financial, 4 cents in Cable & Wireless, 50 cents in Jamaica Producers and $2.05 for Pan Jam Investment, helped in pushing the overall market value higher.
A moderate trading ended, with the All Jamaica Composite Index jumped 1,880.59 points to close at 256,031.54, the JSE Market Index climbed 1,713.43 points to 233,273.75 and the JSE US dollar market index inched higher by 0.32 points to close at 188.43.
At the close of trading, 23 securities changed hands in the main market with 2 trading in the US dollar market, leading to 10 stocks advancing and 11 declining. The main market ended with 1,934,322 units valued at $34,659,775 changing hands compared to 1,519,865 units valued at $35,445,679 at the close on Thursday. Trading in the US dollar market accounted for 40,774 units valued at US$15,747 bringing the total of all trades to J$36,681,675.
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 84,101 units valued at $1,506,947 for each security traded compared to an average of 58,456 units valued at $1,363,295. The average volume and value for the month to date ended at 118,550 units with an average value of $2,611,033 compared with an average of 121,011 units with an average value of $2,689,896 on the previously traded. 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 lost $1 and closed at $15, trading 7,279 shares, Cable and Wireless gained 4 cents to close at 94 cents with 370,842 stock units traded, Caribbean Cement closed at $25.75, gaining 75 cents with an exchange of 116,583 shares, Carreras dropped $2.25 to close at $88, with 5,524 units changing hands, Grace Kennedy closed at $41.99, with a loss of 1 cent trading 3,636 shares. Jamaica Broilers closed at $18, gaining 50 cents while exchanging 12,940 shares, Jamaica Producers traded 70,303 shares at $14. Jamaica Stock Exchange closed 49 cents lower to $6, with 412,335 shares traded, JMMB Group exchanged 9,435 shares at $19.20, having gained 20 cents, Kingston Properties closed at $7.15 trading 12,526 units, Kingston Wharves declined $2 to close at $29 exchanging 15,846 units. NCB Financial Group jumped $2.99 to close at $75, after exchanging 45,368 shares, 1834 Investments traded 78,774 shares at $1.35, PanJam Investment closed at $32.50, gaining $2.05 with a turnover of 20,647 shares, Proven Investments added 2 cents to close at $24.67 exchanging 34,000 shares and Pulse Investments closed at $2.49, with gains of 24 cents and 34,600 shares changing owners. Sagicor Group lost 66 cents, with an exchange of 6,200 shares, to close at $31.75, Sagicor Real Estate Fund closed at $11.20, with a loss of 70 cents and 11,000 units being switching. Scotia Group traded $1 lower to $41 with 161,924 shares traded, Seprod lost 20 cents, closing at $29.75 trading 460,673 shares, Supreme Ventures fell 20 cents to $7.50, with an exchange of 24,297 shares. Proven Investments US ordinary shares gained 0.01 US cent to close at 24 US cents trading 34,000 units, Proven 8.25% preference share closed at $4.98, losing 2 cents with 9,700 units traded, Jamaica Money Market Brokers 7.5% preference share gained 5 cents to close at $2.10, with 9,890 units changing hands and JMMB Group US 6% preference share traded 6,774 units at US$1.12.

12 JSE stocks rise 11 fall on Thursday

Proven Investments traded the most shares on Thursday.

Trading resulted in 26 securities changing hands in the main market and 1 trading in the US dollar market, leading to 12 stocks advancing and 11 declining in both markets, as some amount of negative sentiment still hangs over the market.
The All Jamaica Composite Index declined 75.90 points to close at 254,150.95, the JSE Market Index declined 69.15 points to 231,560.32 and the JSE US dollar market index lost 0.32 points to close at 188.11.
The main market ended with 1,519,865 units valued at $35,445,679 changing hands compared to 1,667,980 units valued at $40,302,237 at the close on Wednesday. Trading in the US dollar market accounted for 930,313 units valued at US$222,773 bringing the total of all trades to J$63,960,659.
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 58,456 units valued at $1,363,295 for each security traded compared to an average of 69,499 units valued at $1,679,260. The average volume and value for the month to date ended at 121,011 units with an average value of $2,689,896 compared with an average of 125,823 units at an average value of $2,791,942 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 advanced $1.50 to close at $16 trading 600 shares, Cable and Wireless lost 4 cents, closing at 90 cents with 49,774 stock units being swapped, Caribbean Cement closed at $25,after gaining 30 cents with an exchange of 5,582 shares, Carreras traded $1.25 higher to close at $90.25, with 2,228 units changing hands, Grace Kennedy jumped $1 to close at $42, with 240,148 shares trading. Jamaica Broilers closed at $17.50, losing 50 cents in exchanging 229,322 shares, Jamaica Producers dropped 98 cents to $14 with 3,000 shares changing hands. Jamaica Stock Exchange added 39 cents to close at $6.49, trading 96,582 shares, JMMB Group exchanged 76,932 shares at $19, Kingston Properties was down 85 cents to $7.15, trading 1,400 units, Kingston Wharves gained 60 cents to close at $31 while exchanging 1,761 units. NCB Financial Group lost 49 cents to close at $72.01, after exchanging 18,521 shares, PanJam Investment closed at $30.45, after falling $2.75 with 59,375 shares trading, Proven Investments exchanged 300,000 shares at $24.65, Pulse Investments closed at $2.25, gaining 25 cents with 6,500 shares changing owners, Radio Jamaica added 2 cents, to close at $1.40, trading of 117,619 shares, Sagicor Group exchanged 35,756 shares at $32.41, having gained 91 cents, Sagicor Real Estate Fund closed at $11.90, with a loss of 10 cents and 149 units switching owners. Salada Foods traded $1 lower to $9 while exchanging 400 units, Scotia Group gained 50 cents and closed at $42 with trades of 78,658 shares, Scotia Investments lost 40 cents to close at $36 trading 76,543 units, Seprod jumped $3.43 to $29.95 trading 6,350 shares, Supreme Ventures lost 20 cents to $7.70, with 56,978 shares trading. Proven Investments US ordinary shares lost 0.01 US cent to close at 23 US cents in exchanging 930,313 units, Proven Investments 8.25% preference share closed at $5, with 11,640 units traded, Jamaica Money Market Brokers 7.5% preference share was up 5 cents to close at $2.05, with 40,000 units changing hands and JMMB Group 7.5% preference share traded 4,047 units at $1.11.

 

Junior Market falls again on Thursday

Caribbean Cream ended at a 52 weeks’ low of $5.

The Junior Market closed lower on Thursday with the market index slipping 19.82 points to 2,941.23 as 565,346 shares valued at $3,255,463 traded, versus a mere 192,720 units traded valued at $1,219,105 on Wednesday.
At the close 21 securities traded, down from 14 on Wednesday with 4 stocks gaining and 7 declining. Trading closed with 3 stocks having a higher bids than the last traded price and 3 closing with lower offers.
The Junior Market ended trading with an average of just 26,921 units for an average value of $155,022 compared to 13,766 units for an average value of $87,079 on Wednesday. The average volume and value for the month to date amounts to 51,062 units valued at $282,663 compared 52,787 units valued at $291,780 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 fell 65 cents to close at $3.10 with 18,689 units changing hands, Blue Power saw just 200 shares trading to end with a loss of $1 at $49, Cargo Handlers ended trading 24,500 shares to close at $13.75, Caribbean Cream closed trading with 8,000 units and fell $1.60 to end at a 52 weeks’ low of $5, Caribbean Flavours traded 2,500 units to end at $12, Caribbean Producers lost 10 cents and closed trading with 15,936 units, at $3.30. Derrimon Trading ended at $8 with 16,000 shares changing hands, Dolphin Cove ended at $17.50 with 1,900 shares changing hands, General Accident gained 2 cents and closed trading with 3,000 shares to end at $2.72, Honey Bun gained 30 cents and closed trading with 19,359 shares at $6, ISP Finance dropped $2 and closed with 31,752 units changing hands at $11, Jamaican Teas lost 20 cents and ended trading 82,972 shares at $4, Jetcon Corporation traded 266,595 shares to end at $4.54, Key Insurance ended at $3.05 with 12,101 shares changing hands, Knutsford Express traded 19,583 shares to end at $14, Lasco Distributors closed 1 cent lower at $6.25 after trading 7,138 units, Lasco Financial ended with 5,301 shares changing hands at $3.55, after rising 15 cents, Main Event rose 10 cents with 13,322 shares trading to end at $5.60, Medical Disposables ended at $5.50 with 6,100 units trading, Paramount Trading ended with 7,785 units changing hands at $2.75 and tTech traded 1,813 units to close at $10.

Junior Market trading nosedives – Wednesday

Trading continued on a down ward path each day of the week and hit rock bottom on Wednesday as a mere 192,720 units traded on the Junior Market on Tuesday down from 401,316 units on Tuesday. Traded value declined to $1,219,105 from $2,286,974.
At the close 14 securities traded, down from 16 on Tuesday with the market index posting a loss of 9.36 points to end at 2,961.05 with no stock gaining and 6 declining.
Trading closed with 6 stocks having a higher bids than the last traded price and 5 closing with lower offers.
The Junior Market ended trading with an average of just 13,766 units for an average value of $87,079 compared to 25,082 units for an average value of $142,936 on Tuesday. The average volume and value for the month to date amounts to 52,787 units valued at $291,780 compared 55,788 units valued at $307,527 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, CAC 2000 lost 3 cent to end at $6.70 with 20,000 shares trading, Consolidated Bakeries ended with 6,300 units changing hands, to close at $2.62. Derrimon Trading ended at $8 with 2,909 shares changing hands, Dolphin Cove ended at $17.50 with 2,805 shares changing hands, General Accident closed trading with 2,960 shares to end at $2.70, Honey Bun closed trading with 8,000 shares at $5.70, Jamaican Teas ended trading 28,604 shares at $4.20, Jetcon Corporation traded 13,500 shares to end at $4.54, Knutsford Express traded 23,400 shares to end at $14, after falling 50 cents, Lasco Distributors closed 11 cents lower at $6.26 after trading 598 units, Lasco Financial ended with 1,500 shares changing hands to end at $3.40, Lasco Manufacturing fell 17 cents and ended with 37526 shares trading at $4.60, Main Event ended with 46,415 shares trading to end at $5.50, Sweet River fell 1 cent and ended with 863 units changing hands at $3.50 and strong> tTech traded 300 units to close at $10.

Big drop in main market index – Wednesday

Jamaica Stock Exchange faulty indices movement.

Trading levels remained low on the main market of the Jamaica Stock Exchange on Thursday, with just $40 million worth of stocks changing hands. At the close of trading, 24 securities changed hands in the main market with 3 trading in the US dollar market, leading to 7 stocks advancing and 6 declining.
The All Jamaica Composite Index declined 1,669.64 points to close at 254,226.85, the JSE Market Index declined 1,521.23 points to 231,629.47 and the JSE US dollar market index jumped 11.41 points to close at 188.43.
The main market ended with 1,667,980 units valued at $ 40,302,237 changing hands compared to 5,694,099 units valued at $160,330,278 at the close on Tuesday. Trading in the US dollar market accounted for 2,760,256 units valued at US$1,001,978, bringing the total of all trades to J$168,555,462 .
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 5 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 69,499 units valued at $1,679,260 for each security traded compared to an average of 227,764 units valued at $6,413,211. The average volume and value for the month to date ended at 125,823 units at an average value of $2,791,942 compared with an average of 130,517 units with an average value of $2,884,666 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 50 cents to close at $14.50 while exchanging 7,080 shares, Cable and Wireless closed at 94 cents, with 63,481 stock units swapping owners, Caribbean Cement gained 20 cents to close at $24.70 with an exchange of 5,915 shares, Carreras closed at $89, with 5,704 units changing hands, Grace Kennedy declined 50 cents to close at $41 trading 51,098 shares. Jamaica Broilers closed at $18 exchanging 432,020 shares, Jamaica Producers traded at $14.98 with 6,438 shares changing hands. Jamaica Stock Exchange closed at $6.10, with of 86,353 shares trading, JMMB Group lost 1 cent, closing at $19 while exchanging 56,479 shares, Kingston Properties traded 13,150 units after losing 80 cents to close at $8, Kingston Wharves closed at $30.40, with gains of 10 cents trading 200 units. Mayberry Investments exchanged 72,745 shares at $4.52, NCB Financial Group held firm at $72.50, with 51,061 shares traded, 1834 Investments added 2 cents to close at $1.35, with trades of 77,058 units, PanJam Investment closed at $33.20 with 5,285 shares changing owners, Portland JSX lost 50 cents to close at $10 trading only 450 shares, Pulse Investments closed at $2, losing 35 cents with 5,000 shares changing owners, Radio Jamaica closed at $1.38, with trades of 60,959 shares. Sagicor Group exchanged 24,933 shares at $31.50, Sagicor Real Estate Fund closed at $12, with a loss of 24 cents and 22,021 units trading. Scotia Group exchanged 525,595 shares at $41.50, Scotia Investments gained 40 cents to close at $36.40 trading 353 units, Supreme Venture held firm at $7.90, with trades of 65,108 shares. Margaritaville Turks US ordinary shares closed at 36 US cents, with gains of 0.04 US cents in trading 2,700,000 units, Proven Investments US ordinary shares closed at 24 US cents, gaining 0.01 US cents exchanging 41,430 units and JMMB Group US 6% preference share traded 18,826 units at US$1.12.

14 stocks drop on Tuesday 4 rise

Proven Investment Traded nearly 4 million units o0n Tuesday to be the most dominant stock on the JSE on Tuesday.

Trading picked up on the Jamaica Stock Exchange on Tuesday, with 5,694,099 units valued at $160,330,278 changing hands in main market trading, compared to 994,217 units valued at $13,640,909 at the close on Monday leading to a negative advance decline ratio.
At the close of trading, 25 securities changed hands in the main market with 2 trading in the US dollar market, leading to just 4 stocks advancing and 13 declining. Trading in the US dollar market accounted for 1,938,578 units valued at US$450,229, bringing the total of all trades in both markets to J$217,959,583.
The market indices slipped a bit, with the All Jamaica Composite Index declining by just 25.59 points to 255,896.49, the JSE Market Index declined 23.31 points to 233,150.70 and the JSE US dollar market index lost 4.84 points to close at 177.02.
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 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 227,764 units valued at $6,413,211 for each security traded compared to an average of 45,192 units valued at $620,041. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 121,676 units with an average value of $2,563,889 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 $2 lower to close at $14, with an exchange of 3,842 shares, Cable and Wireless closed at 94 cents, with 20,000 stock units trading, Caribbean Cement exchanged 19,667 shares at $24.50, Carreras closed at $89, with 2,993 units changing hands while Grace Kennedy traded 44 cents lower to $41.50 with 82,361 shares. Jamaica Broilers closed at $18 exchanging 16,506 shares, Jamaica Producers gained 48 cents to close at $14.98 with 16,037 shares changing hands. Jamaica Stock Exchange closed at $6.10, losing 40 cents with trades of 10,557 shares, JMMB Group lost 24 cents, closing at $19.01 exchanging 12,633 stock units, Kingston Properties traded 2,288 units, after losing 5 cents to close at $8.80, Kingston Wharves closed at $30.30, with gains of 30 cents trading only 450 units. Mayberry Investments lost 13 cents to close at $4.52 with 1,000 units being switched, NCB Financial Group added 50 cents to close at $72.50, after exchanging 24,371 shares, 1834 Investments lost 4 cents to close at $1.33, with trades of 2,701 units
138 Student Living, closed at $4.55 trading 6,468 shares, PanJam Investment traded 71 cents lower, to $33.20 with 10,840 shares changing owners, Portland JSX closed at $10.50 trading 13,000 shares, Proven Investments gained 2 cents to close at $24.65 with 1,952,814 shares exchanged, Pulse Investments closed at $2.35, with a loss of 24 cents trading 24,559 shares, Radio Jamaica closed at $1.38, losing 12 cents with 3,536 shares changing hands. Sagicor Group traded 3,184,156 shares at $31.50, having lost 50 cents, Sagicor Real Estate Fund closed at $12.24, with a loss of $1.26 and 21,400 units trading. Scotia Group exchanged 68,270 shares at $41.50, Supreme Venture lost 5 cents to close at $7.90, with trades of 143,650 shares. Proven Investments US ordinary share closed at 22.75 US cents, losing 0.01 US cents, trading 1,928,578 units, JMMB 7.5% preference share closed at $2, with an exchange of 50,000 units and JMMB Group US 6% preference share closed US$1.12 trading 10,000 units.

More declines for Junior Market – Tuesday

Trading which dropped sharply on the Junior Market on Monday declined even more on Tuesday with only 401,316 units changing hands down from 671,349 units trading on Monday. Traded valued also declined to $2,286,974 from $3,163,547.
At the close 16 securities traded, up from 21 on Monday with the market index posting a loss of 16.66 points to end at 2,970.41 as the price of 6 stocks advanced and 5 declined. Trading closed with 3 stocks having a higher bids than the last traded price and 3 closing with lower offers.
The Junior Market ended trading with an average of just 25,082 units for an average value of $142,936 compared to 31,969 units for an average value of $150,645 on Monday. The average volume and value for the month to date amounts to 55,788 units valued at $307,527 compared 58,347 units valued at $321,243 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 lost 4 cents to close at $46.01 in trading traded 413 units, CAC 2000 gained 1 cent to end at $6.73 with 10,000 shares trading, Caribbean Producers lost 10 cents and closed trading with 17,628 units, at $3.40, Consolidated Bakeries ended with 29,635 units changing hands, to close at $2.62 General Accident closed trading with 2,960 shares to end at $2.70, Honey Bun . lost 14 cents to close trading with 2,000 shares at $5.70, ISP Finance dropped 50 cents and closed with 12,000 units changing hands at $13, Jamaican Teas ended trading 9,700 shares at $4.20, Jetcon Corporation traded 12,961 shares and rose 5 cents to end at $4.54, Knutsford Express traded 750 shares to end at $14.50, after falling 20 cents, Lasco Distributors closed at $6.37 after trading 164,442 units, Lasco Financial ended with 500 shares changing hands to end at $3.60, Lasco Manufacturing fell 3 cents and ended with 117,131 shares trading at $4.77, Main Event rose 32 cents with 3,048 shares trading to end at $5.50, tTech added $2 trading 17,148 units to close at $10 and Eppley 9.5% preference share lost 5 cents to close at $6 with 1,000 units trading.

JSE majors slip on Monday

C&W jumped 17.5% to close at 94 cents on Monday.

Market activity on the Jamaica Stock Exchange dived on Monday with the main market ended with 994,217 units valued at $13,640,909 changing hands compared to 4,292,363 units valued at $81,728,669 at the close on Friday.
Trading in the US dollar market accounted for 125,186 units valued at US$29,442, bringing the total of all trades to just J$17,409,489. At the close, the All Jamaica Composite Index declined 474.81 points to 255,922.08, the JSE Market Index declined 432.60 points to 233,174.01 and the JSE US dollar market index gained 8.79 points to end at 181.86.
At the close of trading, 22 securities changed hands in the main market with 1 trading in the US dollar market, leading to 10 stocks advancing and 11 declining.
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 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 45,192 units valued at $620,041 for each security traded, compared to an average of 165,091 units valued at $3,143,410. The average volume and value for the month to date, ended at 121,676 units with an average value of $2,563,889 compared with an average of 129,324 units with an average value of $2,758,273 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 jumped $2.70 to close at $16, with 1,500 shares trading, Cable and Wireless closed at 94 cents, gaining 14 cents with 367,359 stock units switching owners, Caribbean Cement lost 10 cents to close at $24.50, trading 10,000 shares, Carreras closed at $89, losing 95 cents with 100 units changing hands while Grace Kennedy traded 94 cents higher to $41.99, with an exchange of 17,168 shares. Jamaica Broilers closed at $18, with a loss of 20 cents trading 41,365 shares, Jamaica Producers was down 25 cents to close at $14.50 with 2,100 shares changing hands. Jamaica Stock Exchange closed at $6.50, with trades of 14,455 shares, JMMB Group lost 6 cents, closing at $19.25 while exchanging 346,670 shares, Kingston Properties traded 2,000 units, with gains of 5 cents to close at $8.85, Kingston Wharves closed at $30, with a loss of 40 cents with the exchange 1,998 units. Mayberry Investments lost 5 cents to close at $4.65 with 100 units switching owners, NCB Financial Group gained 50 cents to close at $72, after exchanging 818 shares, PanJam Investment traded $3.91 higher, closing at $33.91 with 4,271 shares, Proven Investments declined 38 cents to close at $24.63 with 112,186 shares exchanged, Pulse Investments traded 17,144 shares at $2.59, having gained 10 cents, Radio Jamaica closed at $1.50, gaining 7 cents with 1,150 shares changing hands. Sagicor Group traded 14,566 shares at $32, Sagicor Real Estate Fund closed at $13.50, with gains of 10 cents trading only 100 units. Scotia Group declined 59 cents to close at $41.50, with 28,297 shares trading, Seprod dived $3.48 in closing at $26.52 with a mere 570 shares switching owners. Proven Investments US ordinary shares closed at 23.9 US cents, gaining 0.02 US cents in trading 125,186 units and Proven 8.25% preference share closed 10 cents lower to $5 exchanging 10,300 units.