Juniors barely eked out record close

May 22, 2017 by

Dolphin Cove closed at a new high of $22 on Monday.

The Junior Market just eked out a record close on Monday, with the index edging higher by 0.58 points above the record on Wednesday last, as the overall index closed 29.26 points higher at 3,369.56.
At the close of trading 24 securities traded, compared to 20 on Friday as 10 advancing and 8 declined. Overall, 1,187,417 units valued at $9,868,439 changed hands, compared to 2,282,020 units valued at $12,200,612 on Friday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 49,476 units for an average value of $411,185 compared to of 114,101 units for an average value of $610,031, on the previous trading day. The average volume and value for the month to date are 88,211 units and $582,803 while at the close of the prior day, 90,794 units and $594,244. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 5 cents to end at $4.95 with 47,458 units changing hands, CAC 2000 lost 20 cents with 24,400 shares changing hands, to close at $7.30, Caribbean Cream closed trading with 21,295 units to end with a loss of 9 cents to end at $8.40, Caribbean Producers rose 5 cents and ended at $3.90 with 100 shares trading, Consolidated Bakeries jumped 40 cents in trading 9,599 shares to close at $2.87, C2W Music had 200 units changing hands to close at 50 cents. Derrimon Trading ended at $8.50 with 78,366 shares changing hands, Dolphin Cove gained $1 to end at a record of $22 with 4,737 shares trading, Eppley ended with 451,928 units changing hands after rising $1.90 to end at a record close of $12, General Accident rose 5 cents and closed trading with 1,200 shares at $3.10, ISP Finance ended at $28 with 7,778 units changing hands. Jamaican Teas lost 10 cents and closed trading with 170,850 shares, at $4.60. Jetcon Corporation fell 5 cents and ended at $14.95 with 20,367 shares trading, KLE Group fell 40 cents and ended at $2.50 with 13,604 shares changing hands, Knutsford Express rose $2 and closed with 1,350 shares trading at $68. Lasco Distributorsgained 11 cents and ended with 70,900 units trading at $7.81, Lasco Financial rose 35 cents and ended with 21,904 shares changing hands at $4, Lasco Manufacturing lost 10 cents and closed at $5.15 while trading 47,207 shares, Main Event added 24 cents and ended trading of 3,550 shares at $7.49, Medical Disposables ended at $5.85 with a gain of 10 cents while trading 8,676 units,Paramount Trading ended with 158,000 shares changing hands at $3.05, tTech ended with 9,454 units changing hands at $7.50 and Eppley 9.5% preference share traded 1,500 units at $6.15.

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Trading drops for JSE stocks – Friday

May 19, 2017 by

Trading was light on the main market of the Jamaica Stock Exchange on Friday with stocks worth less than $12 million trading. The main and US dollar markets closed with just 20 securities changing hands down from 29 on Thursday with one trading in the US dollar market. At the close, 9 stocks advanced and 5 declined.
Trading levels in the main market ended at 827,534 units valued at $10,595,699 compared to 14,040,895 units valued at $147,385,397 at the close on Thursday. Trading in the US dollar market accounted for 32,400 units valued at US$9,396.
The All Jamaica Composite Index fell 248.73 points to close at 259,687.12 and the JSE Market Index lost 226.62 points to finish at 236,604.37. The JSE US dollar market index closed unchanged at 221.11.
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 7 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 43,554 units valued at $557,668 per security traded, compared to an average of 540,034 units valued at $5,668,669 on Thursday. The average volume and value for the month to date ended at 518,349 units with an average value of $6,907,416 compared with an average of 557,915 units with an average value of $7,436,562 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints fell 33 cents to close at $19.01 in exchanging 4,019 shares, Cable and Wireless lost 2 cents and closed at $1.38, with 85,946 shares changing hands, Caribbean Cement traded 35 cents higher to close at $30 with 4,269 units traded, Carreras rose 20 cents, closing at $83 with an exchange of 6,712 shares, Ciboney gained 4 cents to close at 22 cents, with 136,293 units trading, Grace Kennedy closed at $43, trading 10,384 units. Jamaica Broilers climbed 98 cents and closed at $19.98, with 22,237 shares changing ownership, Jamaica Producers fell 49 cents and closed at $15.50, with an exchange of 1,258 shares, Jamaica Stock Exchange fell 30 cents to close at $7.50 in trading 2,037 shares. JMMB Group closed at $20.50, with 52,945 units being exchanged, NCB Financial Group closed at $71.99 with a loss of 1 cent, after trading 9,368 shares, 138 Student Living traded 21,500 shares at $4.49, Portland JSX Fund closed at $10.10 with 31,275 shares changing hands, Radio Jamaica closed at $1.70 after gaining 1 cent, trading 68,244 shares, Sagicor Group closed at $33.50 with trades of 97,466 shares, Sagicor Real Estate Fund gained 1 cents and closed at $11, while exchanging 75,128 units, Sterling Investments gained 15 cents in closing at $16.90 with 1,000 shares being swapped, Scotia Group closed at $42 after rising 49 cents with 30,044 units changing hands, Supreme Ventures rose 10 cents to close at $7.50 trading of 167,409 shares and Proven Investments closed at 29 US cents trading 32,400 ordinary shares.

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Eppley jumps $5.20 with first 2017 trade

May 19, 2017 by

Eppley hits new high of $10.10.

The Junior Market listed Eppley finally traded at a record of $10.10 on Friday, after a number of attempts recently to trade at $12 failed. The stock split 150 to 1 last year and has not traded since, with the last trade before today, being 9,000 units, at $735 on August 26 last year.
At the close of trading on Friday the index put on 13.46 points to close at 3,340.30 with
20 securities trading, compared to 24 on Thursday as 5 advancing and 4 declined. Overall, 2,282,020 units valued at $12,200,612 changed hands, compared to 2,279,741 units valued at $11,894,079 on Thursday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 114,101 units for an average value of $610,031, compared to of 94,989 units for an average value of $495,587, on the previous trading day. The average volume and value for the month to date are 90,794 units and $594,244 while at the close of the prior day, 89,129 units and $593,116. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Access Financial added $1.75 to end at $42 with just 120 units changing hands, CAC 2000 had only 491 shares changing hands, to close at $7.50, Caribbean Cream closed trading with 500 units to end at $8.49, C2W Music had 3,344 units changing hands to close at 50 cents, with a rise of 5 cents. Derrimon Trading ended at $8.50 with 238 shares changing hands, Eppley ended with just 1,000 units changing hands after rising $5.20, General Accident closed trading with 5,000 shares at $3.05, ISP Finance shed $2 to end $28 with 12,509 units changing hands. Jamaican Teas closed trading with 66,926 shares, at $4.70. Jetcon Corporation ended at $15 with 15,810 shares trading, KLE Group fell 40 cents and ended at $2.60 with 1,940 shares changing hands, Knutsford Express lost $2 and closed with 4,848 shares trading at $66. Lasco Distributors ended with 9,227 units trading at $7.70, Lasco Financial fell 60 cents and ended with 291,576 shares changing hands at $3.65, Lasco Manufacturing closed at $5.25 while trading 1,000,100, shares, Main Event added 40 cents and ended trading of 13,643 shares at $7.25, Medical Disposables ended at $5.70 with 500,000 units trading,Paramount Trading ended with 257,291 shares changing hands at $3.05 and tTech ended with 96,500 units changing hands at $7.50 after rising 5 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , ,

Sagicor hammers JSE index – Thursday

May 18, 2017 by

Sagicor Group traded 2.2 million shares on Thursday & fell $3.49 in early trading.

Sagicor Group traded 2.275 million shares and fell $3.49 to $30.01 by mid-morning on Thursday and was the main contributor to the more than 3,600 points fall in the main market of the Jamaica Stock Exchange closed in the morning session. The price recovered to close back at the closing price of the previous day but the market closed with more losses with Mayberry Investments trading more than 10 million shares with a loss of 57 cents.
The market closed on Thursday with 29 securities changing hands with 3 trading in the US dollar market. At the close, 10 stocks advanced and 10 declined. Trading levels in the main market ended at 14,040,895 units valued at $147,385,397 compared to 2,068,486 units valued at $25,621,686 at the close on Wednesday. Trading in the US dollar market accounted for 12,880 units valued at US$3,794.
The All Jamaica Composite Index dived 4,312.28 points to close at 259,935.85 and the JSE Market Index sank 3,928.98 points to finish at 236,830.99. The JSE US dollar market index added 2.34 points to close at 221.11.
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 9 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 540,034 units valued at $5,668,669 per security traded, compared to an average of 86,187 units valued at $1,067,570 on Wednesday. The average volume and value for the month to date ended at 557,915 units with an average value of $7,436,562 compared with an average of 559,541 units with an average value of $7,597,279 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Berger Paints tumbled $4.16 to close at $19.34 in exchanging 32,091 shares, Cable and Wireless closed at $1.40, with 286,674 shares changing hands, Caribbean Cement traded 15 cents higher to close at $29.65 with 2,529 units traded, Carreras lost 20 cents, closing at $82.80 with an exchange of 100 shares, Grace Kennedy closed at $43, with trades of 44,917 units. Jamaica Broilers fell $1 and closed at $19, with 38,394 shares changing owners, Jamaica Producers closed at $15.99, with an exchange of 234,241 shares and Jamaica Stock Exchange gained 30 cents to close at $7.80 trading 11,187 shares. JMMB Group closed at $20.50, gaining 49 cents with trades of 8,300 units, Kingston Properties added $1.10 to close at $16.60 exchanging 4,650 shares, as the stock is set to start trading ex split on Friday.Kingston Wharves traded 1 cent higher to close at $31.50, with an exchange of 30,958 units, Mayberry Investments lost 57 cents to close at $4.18, with 10,252,750 shares changing hands, NCB Financial Group closed at $72, after trading 35,485 shares, PanJam Investment closed at $35.61, gaining 6 cents with trades of 411,523 shares. Portland JSX traded 20 cents lower to close at $10.10 with 725 shares changing hands, Pulse Investments closed at $14.40 exchanging 1,000 shares, Radio Jamaica closed at $1.69 after gaining 3 cents and trading 193,574 shares, Sagicor Group closed at $33.50 after recovering from $30.01 earlier in the day with trades of 2,292,158 shares, Sagicor Real Estate fund closed at $10.99, losing 6 cents while exchanging 13,883 units, Salada Foods lost 15 cents in closing at $7.85 with 9,000 shares being exchanged, Scotia Group closed at $41.51, losing 49 cents with 28,375 units changing hands, Scotia Investments traded 1,500 shares at $37.85, Seprod closed at $34.50, with a loss of 50 cents exchanging 5,630 shares, Supreme Ventures lost 9 cents to close at $7.40 trading of 64,251 shares. Margaritaville Turks closed at 37 US cents, gaining 3 US cents with 730 units traded, Proven Investments closed at 29 US cents trading 12,150 ordinary shares, JMMB 7.5% preference share gained 23 cents and closed at $2.05, while exchanging 2,000 units and JMMB Group 7.25% preference share gained 1 cent to close at $1.31 with trades of 35,000 units.

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Juniors retreat in resistance zone

May 18, 2017 by

Junior Market stocks closed lower on Thursday.

The Junior Market of the Jamaica Stock Exchange broke the record run on Thursday by falling 42.14 points to close at 3,326.84. Trading levels were slightly above Wednesday’s, with both volume and values being higher.
At the close of the market, the number of securities trading, ended at 24 compared to 22 on Wednesday with 6 advancing and 9 declining. Overall, 2,279,741 units valued at $11,894,079 changed hands, compared to 1,425,514 units valued at $10,043,460 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 1 with a lower offer.
The Junior Market ended trading with an average of 94,989 units for an average value of $495,587, compared to of 64,796 units for an average value of $456,521, on the previous trading day. The average volume and value for the month to date are 89,129 units and $593,116 while at the close of the prior day, 88,678 units and $600,619. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 15 cents and ended at $5 with 9,307 units changing hands, Blue Power jumped $6 to close at $45 with 1,000 units changing hands, CAC 2000 had 2,700 shares changing hands, to close with a rise of 20 cents at $7.50, Caribbean Cream closed trading with 2,200 units and gained $1.19 to end at $8.49, Cargo Handlers ended trading with 4,850 shares changing hands at $20, Caribbean Flavours fell $1.54 in trading 20,517 shares at $12.01, Caribbean Producers ended at $3.85 with 1,300,064 shares trading, C2W Music had 5,501 units changing hands to close at 45 cents, Consolidated Bakeries lost 3 cents in trading 60,000 shares to close at $2.47, Derrimon Trading ended at $8.50 with 9,762 shares changing hands, General Accident closed trading with 7,315 shares at $3.05, Honey Bun ended with a loss of 20 cents as 14,564 shares changed hands at $7.80, ISP Finance shed $5 to end $30 with 6,230 units changing hands. Jamaican Teasfell 25 cents and closed trading with 56,292 shares, at $4.70. Jetcon Corporation ended at $15 with 176,803 shares trading, KLE Group rose 25 cents and ended at $3 with 1,000 shares changing hands, Knutsford Express closed with 980 shares trading at $68. Lasco Distributors ended with 1,620 units trading with a rise of 70 cents to $7.70, Lasco Financial fell 65 cents and ended with 51,310 shares changing hands at $4.25, Lasco Manufacturing closed at $5.25 while trading 67,904, shares, Main Event ended trading of 217,826 shares at $6.85, Medical Disposables lost 10 cents and ended at $5.70 with 32,900 units trading,Paramount Trading rose 7 cents and ended with 219,523 shares changing hands at $3.05 and tTech ended with 9,573 units changing hands at $7.45 after falling 5 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

6 consecutive records for Jamaican stocks

May 17, 2017 by

The Jamaica Stock Exchange main market hit a new close on Wednesday.

The main market of the Jamaica Stock Exchange ended at another record close on Wednesday with the all Jamaica composite Index rising 776 points to 6 consecutive days of record close.
The market closed with 27 securities changing hands, including 3 trading in the US dollar market. At the close, 9 stocks advanced and 8 declined.
Trading levels in the main market ended at 2,091,191 units valued at $25,621,686 compared to 4,295,095 units valued at $1,350,559,147 on Friday. Trading in the US dollar market accounted for 22,705 units valued at US$10,242.
The All Jamaica Composite Index rose 776.19 points to close at 264,248.13, still below the 265,287.63 points reached during the morning session on Tuesday. The JSE Market Index climbed 707.19 points to finish at 240,759.97 and the JSE US dollar market index remained at 218.77 points.
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 8 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 86,187 units valued at $1,067,570 per security traded, compared to an average of 4,295,095 units valued at $50,020,709 on Tuesday. The average volume and value for the month to date ended at 559,541 units with an average value of $7,597,279, compare with an average of 606,876 units and $8,250,250 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments traded 83,620 shares at $7, Berger Paints lost 10 cents to close at $23.50, with an exchange of 18,764 shares, Cable and Wireless closed at $1.40, with 792,421 shares changing hands, Caribbean Cement traded 50 cents higher to close at $29.50 while exchanging 8,389 units. Carreras added $1 to close at $83 trading 17,981 shares, Grace Kennedy closed at $43, with gains of 60 cents exchanging 16,088 units, Jamaica Broilers closed at $20, with trades of 34,502 shares, Jamaica Producers closed 41 cents lower to $15.99, with 68,329 shares changing owners, Jamaica Stock Exchange gained 45 cents to close at $7.50 trading 74,702 shares. JMMB Group closed at $20.01, losing 99 cents, trading of 88,264 units, Kingston Wharves traded 48 cents higher to close at $31.49, with an exchange of 107,651 units, NCB Financial Group closed at $72, with a 1 cent gain after trading 130,222 shares, 1834 Investments traded 4 cents lower to close at $1.80, with an exchange of 2,089 shares, 138 Student Living traded 15,685 shares at $4.49, PanJam Investment closed at $35.55, with trades of 5,346 shares. Pulse Investments closed at $14.40, with gains of 40 cents as 11,463 shares were exchanged, Radio Jamaica closed at $1.66, losing 4 cents trading 132,912 shares, Sagicor Group gained 50 cents to close at $33.50, with trades of 17,041 shares, Sagicor Real Estate Fund closed at $11.05 and lost 14 cents exchanging 6,683 units, Scotia Group closed at $42, with 14,663 units changing hands, Seprod traded 25,000 shares at $35, Sterling Investments lost 15 cents to close at $16.75 with an exchange of 1,000 shares, Supreme Ventures lost 1 cent to close at $7.49, with trades of 151,466 shares. Margaritaville Turks closed at 34 US cents with 10,821 units traded, Proven Investments closed at 29 US cents trading 8,084 ordinary shares, JMMB Group 6% US preference share closed at US$1.10 with trades of 3,800 units and JMMB Group 7.5% preference share closed at $1.10, with 244,205 units changing hands.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Another record close for Juniors -Wednesday

May 17, 2017 by

I$P Finance hits a new high of $35 on Wednesday up 1,650% since listing last year March.

The Junior Market of the Jamaica Stock Exchange logged another record close on Wednesday but with a modest rise of just 9.84 points to a record close of 3,368.98 with gains of 29.9 percent for 2017 to date. Trading levels were down sharply again compared to Tuesday’s levels.
At the close of the market, the number of securities trading, ended at 22 compared to 23 on Tuesday with 7 advancing and 10 declining. Overall, 1,425,514 units valued at $10,043,460 changed hands, compared to 3,285,925 units valued at $19,269,876 on Tuesday. Trading ended with 7 stocks having bids higher than their last sale prices and 6 with lower offers. Just one stocks ended trading at new closing high at the end of trading.
The Junior Market ended trading with an average of 64,796 units for an average value of $456,521, compared to 142,866 units for an average value of $837,821, on the previous trading day. The average volume and value for the month to date are 88,678 units and $600,619 while at the close of the prior day, 90,668 units and $612,627. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging ended at $5.15 with 20,440 units changing hands, CAC 2000 had 7,000 changing hands, to close with a rise of 30 cents at $7.30, Cargo Handlers ended trading with 7,140 shares changing hands at $20, Caribbean Flavours jumped $2.55 in trading 2,000 shares at $13.55, Caribbean Producers lost 15 cents and ended at $3.85 with 133,000, shares trading, C2W Music had 11,819 units changing hands to close at 45 cents, Derrimon Trading climbed $1 and ended at $8.50 with 25,238 shares changing hands, General Accident fell 4 cents and closed trading with 224,750 shares at $3.05, Honey Bun ended with 182,930 shares changing hands at $8, after rising 25 cents, Iron Rock Insurance traded 10,000 shares to end at $3.15, after falling by 25 cents, ISP Finance climbed $5 to end at fresh new high of $35 with 28,000 units changing hands, the stock was offered at $30 at the close to sell 25,000 units. Jamaican Teasclosed trading with 23,550 shares, at $4.95. Jetcon Corporation ended at $15 with 66,619 shares trading, Key Insurance traded 60,624 units to close at $2.80 after falling 25 cents, KLE Group rose 5 cents and ended at $2.75 with 3,000 shares changing hands, Knutsford Express jumped $2.95 and closed with 14,922 shares trading at $68. Lasco Distributors ended with 205,484 units trading with a fall of 49 cents at $7, Lasco Financial fell 10 cents and ended with 16,326 shares changing hands at $4.90, Lasco Manufacturing fell 55 cents and closed at $5.25 while trading 93,330, shares, Main Event lost 15 cents and ended trading 63,583 shares at $6.85, Medical Disposables lost 20 cents and ended at $5.80 with 147,855 units trading,Paramount Trading lost 27 cents and ended with 77,904 shares changing hands at $2.98, after trading at a low for the day of $2.50.

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Knutsford Express riding high

May 17, 2017 by

Knutsford Express last traded at $68.

Knutsford Express last traded in 2016 at $20, today its up 240 percent to $68, thanks to a combination of factors, chief amongst them is a scarcity of supply and a proposed 5 for 1 stock split.
A 33 percent rise in revenues to $203 million in the February quarter and a 63 percent rise in operating profit show the company in a pretty strong growth path.
Earnings per share closed the nine months period at $1.20 after the third quarter delivered 54 cents.
“We had a strong third quarter”, Oliver Townsend told IC Insider.com, in response to the question, “can this growth continue,” Townsend answered in the affirmative. With our Montego Bay transport hub coming on stream by June this year, we should see continued growth as the company expect increased business as a result of having the hub located at the Sangster International Airport. The convenience of persons flying in and out of the airport being able to have easy and ready access to the Knutsford facility will see more persons patronizing the service, Townsend advised this publication. Ocho Rios is to have a new hub in which meals and drinks will be sold and thus enhance customers’ experience.
“We are also going directly from Kingston to Port Antonio using smaller buses via the Junction Road, the company’s Chief Executive said.
New buses added to replace older ones will reduce operating cost. The February results got a boost of $8.5 million realized from sales of buses, helping to push net profit up 94 percent to $53.7 million. For the nine months, revenues climbed 28.5 percent to $429.7 million while net profit moved higher by 35 percent to $120 million.
Knutsford does not break out its cost into direct operating expenses, marketing and administrative and other expenses so that readers can fully glean how the company is really doing, from an operational standpoint. Data compiled by IC Insider.com show an improving level of efficiency as business expands. Net profit as a percentage of revenues climbed to 24.7 percent and is up from 20 percent in the third quarter of 2016 and ended at 22.34 percent for the nine months compared to 23.2 percent in 2016.
Depreciation charges rose 54 percent to $39 million well ahead of the growth in revenues, but the newer buses should reduce repairs and maintenance as well as the possibility that there could be fuel savings.
Knutsford generated gross cash flows of $159 million To February, up from $114 million in 2016, dividends of $24 million paid and $87 million spent of acquiring fixed assets left the company with $103 million in funds at bank or in cash. Shareholders’ Equity stands at $432 million with borrowings of just $68 million and cash and short term investments of $123 million. Current assets amounted to $180 million and current liabilities at a low $35 million.
The Company is listed on the Jamaica Stock Exchange and last traded at $68 for a PE of 25 based on estimated earnings for 2018 fiscal year’s estimated earnings of $2.75. The stock could be considered a bit pricey, with the market average at 13 times this year earning. With a 5 to 1 stock split days away, who knows what investors may do in light of the limited supply of the stock. At least profit seems to be on the rise at an attractive pace, as such investors with a long term time horizon may well enjoy gains sometime in the future, based on the growth path that the company is enjoying.

Filed Under: Company News, Company Results Tagged With: , , , , , ,

JSE in big record run on Tuesday

May 16, 2017 by

Berger Paints ended at a 52 weeks’ high of $23.50 on Tuesday

The main market of the Jamaica Stock Exchange shot up more than 3,300 points in the morning session to an intraday high on with all Jamaica Composite index up by 3,327.59 points to a new record, at 10:45 AM the index hit 265,287.63 points. The market failed to hold on to such heady gains and fell back later to end at a record close.
At the close of the market the All Jamaica Composite Index advanced 1,511.90 points to record close of 263,471.94, the JSE Market Index gained 1,377.52 points to finish at record closing high of 240,052.78 and the JSE US dollar market index rose 0.45 points to close at 218.77.
Trading ended with 29 securities changing hands including 2 trading in the US dollar market. At the close, 10 stocks advanced and 7 declined.
Trading levels in the main market ended at 115,967,557 units valued at $1,350,559,147 compared to 4,670,861 units valued at $78,264,470 at the close on Monday. Trading in the US dollar market accounted for 19,645 units valued at US$5,789.
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 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 4,295,095 units valued at an average of $50,020,709 compared to an average of 166,816 units with an average value of $2,795,160 on Monday. The average volume for the month to date ended at 538,261 units carrying an average value of $7,554,509 versus 196,730 units an average value $3,693,945 on the prior trading day. The average volume and value for April ended at 382,748 units and $5,254,387.
In market activity, Barita Investments traded 100,000 shares at $7, Berger Paints gained $3.58 to close at a record high of $23.60, with trades of 12,300 shares, Cable and Wireless closed at $1.40, with 381,200 shares changing hands. Carreras added 5 cents to close at $82 after hitting a new intraday high of $84 while exchanging 64,795 shares, Grace Kennedy closed at $42.40, with a loss of 10 cents trading 35,814 units, Jamaica Broilers closed at a record high of $20, gaining $2, trading 49,022 shares, Jamaica Producers closed 40 cents higher at $16.40, with 226,826 shares changing ownership, Jamaica Stock Exchange lost 45 cents to close at $7.05 trading 12,285 shares. JMMB Group lost 50 cents to close at $21, after trading of 27,952 units, Kingston Wharves traded 91 cents higher to close at $31.01, with an exchange of 12,000 units, Mayberry Investments closed at $4.75, with 157,731 shares trading, NCB Financial Group closed at $71.99, after trading 36,196 shares, 1834 Investments lost 1 cent to close at $1.84, with an exchange of 242,270 shares, 138 Student Living closed at $4.49 trading 3,107 shares, PanJam Investment added 5 cents to close at $35.55, with trades of 16,955 shares. Pulse Investments closed at $14, with gains of $1.50 exchanging 11,780 shares, Radio Jamaica closed at $1.70, gaining 5 cents trading 27,400 shares, Sagicor Group traded 90 cents lower to close at $33, with trades of 953,208 shares, Sagicor Real Estate fund closed at $11.19, with gains of 19 cents exchanging 112,260,515 units, Scotia Group was down $2 to close at $42, with 987,439 units changing hands, Scotia Investments closed at $37.85, trading 200 shares, Seprod traded 3,300 shares at $35, Sterling Investments closed at $16.90 with an exchange of 22,584 shares, Supreme Ventures jumped 65 cents and closed at a record high of $7.50 exchanging 25,353 shares. Proven Investments 8.25% preference share gained 3 cents to close at $5.20 with trades of 19,200 units, Margaritaville Turks closed at 34 US cents with 1,845 units traded, Proven Investments closed at 29 US cents trading 17,800 ordinary shares, JMMB 7.5% preference share closed at $1.82, losing 8 cents with an exchange of 178,125 units and JMMB Group 7.5% preference share closed at $1.10, with 100,000 units changing hands, Proven Investments preference share jumped $1 to hit a 52 weeks high of $6.17 while trading 34,200 shares.

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Juniors up 30% in 2017 for record close

May 16, 2017 by

Junior Market stocks closed at a nother new high with gains of 29.5% for 2017 to date.

The Junior Market of the Jamaica Stock Exchange after adding 71.57 points on Monday rose 34.71 points on Tuesday to a record close of 3,359.14 with gains of 29.5 percent for 2017 to date, with reduced trading levels compared to Monday’s levels.
At the close of the market, the number of securities trading, ended at 23 compared to 20 on Monday with 7 advancing and 7 declining. Overall,  3,285,925 units valued at $19,269,876 changed hands, compared to 5,640,429 units valued at $30,941,266 on Monday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Just one stock ended trading at new closing high at the close of trading on Tuesday.
The Junior Market ended trading with an average of 142,866 units for an average value of $837,821, compared to 282,021 units for an average value of $1,547,063, on the previous trading day. The average volume and value for the month to date are 90,668 units and $612,627, while at the close of the prior day, 85,923 units and $592,155. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging gained 49 cent to end at $5.15 with 4,940 units changing hands, Caribbean Cream traded 4,486 changing hands, to close with a loss of 20 cents at $7.30, Caribbean Flavours traded 162,937 shares at $11, Caribbean Producers ended at $4 with 47,500 shares trading, Consolidated Bakeries traded 299,082 shares to close at $2.50, C2W Music had 40,534 units changing hands to close at 45 cents, Derrimon Trading fell 10 cents and ended at $7.50 with 57,169 shares changing hands, Dolphin Cove ended trading at $21 with 24,100 shares changing hands, General Accident added 4 cents and closed trading with 9,000 shares at $3.09, Honey Bun ended with 8,520 shares changing hands at $7.75, after falling 20 cents, ISP Finance climbed $2 to end at fresh new high of $30 with 10,921 units changing hands. Jamaican Teasclosed trading with 17,608 shares, at $4.95. Jetcon Corporation ended at $15 with 79,088 shares trading, KLE Group rose 1 cent and ended at $2.70 with 75,669 shares changing hands, Knutsford Express closed with 4,633 shares trading to end at a record $68. Lasco Distributors ended with 62,279 units trading with a rise of 9 cents at $7.49, Lasco Financial fell 10 cents and ended with 1,111,623 shares changing hands at $5, Lasco Manufacturing rose 18 cents and closed at $5.80 while trading 991,772 shares, Main Event ended trading 91,461 shares at $7, Medical Disposables lost 50 cents and ended at $6 with 28,084 units trading,Paramount Trading rose 16 cents and ended with 42,196 shares changing hands at $3.25 and tTech ended with 40,300 units changing hands at $7.50.

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