Stocks on the Jamaica Stock Exchange surged forward first thing Monday morning, with the All Jamaica composite index rising by 1,109.47 at 1 minute after trading opened to trade at a new high and the combined index moved up by 919.92 points.
Market activity resulted in 31 securities traded at 10:45 am, compared to 26 on Friday at 10:45 am. A total of 11 securities advanced and 9 declined, resulting in a volume of 842,68 shares changing hands, carrying a value of $7,961,875, compared of 984,204 shares changing hands, carrying a value of $4,620,010 on Friday. The average number of shares traded, amount to 27,183 units versus 37,854 units on Friday.
Market activity was helped by National Commercial Bank rising to $52.50, with 7,180 shares up from a last trade on Friday of $51.01, Scotia Group trading 8,582 units at $39, representing a rise of 99 cents from Friday’s close. In the junior market, Blue Power jumped $3.50 to a new all-time high of $34.50 with 3,500 units changing hands, Caribbean Cream fell back from Friday’s close of $8.55 to trade at $7.35 with 83,535 units and Jetcon Corporation with 25,946 units traded at a new high of $6.50. Caribbean Cement dropped $3.50 with 9,350 shares to $30.50 but recovered partially to traded 18,350 units up to $33.20.
The all Jamaica Composite Index gained 645.01 points to 214,293.58, the Jamaica Stock Exchange Market Index grew 576.75 points 195,991.13 the Jamaica Stock Exchange combined index gained 662.77 points to 208,847.13 and the junior market index rose 12.45 points to 2,636.77.
Jamaican stocks up in early trading – Monday
Jetcon & CWJ set for 2017 top spots
C&W set to be 2017 top stock from the main market.
In the just concluded week, Caribbean Cream (Kremi) and Lasco Financial that entered the IC Insider’s TOP 5 at the end of December, only spent one week in the list. Both stocks climbed during the past week with Lasco Financial moving up 18 percent to $3.67 and Caribbean Cream gained 14 percent to $8.55. Key Insurance rose 14 percent during the week and General Accident was up 7 percent.
Entering the TOP 5 for the first time, is Dolphin Cove, and returning is Jetcon Corporation at 4th and 5th spot, respectively. Investors have lost confidence in Dolphin Cove even as the company continues to produce decent results and having good prospects, with the major expansion in the tourism industry. Profit to September last year, was up 11 percent to $1.17 per share, exceeding the results for the entire 2015.
Jetcon reported in their September quarterly
Dolphin Cove moved into the IC Insider’s TOP 5 junior market stocks.
There were not much movement in the main market stocks during the week. Radio Jamaica moved out of the TOP 5, having gained in price during the week and is replaced by National Commercial Bank, at the number 5 position. The banking group is still selling cheaper than Scotia Group with earnings for the 2017 year to be released by the end of January. IC Insider is forecasting $8 per share earnings for 2017 with increased dividend payments around $3 per share, suggesting the stock has much room for growth. The number 1 main market stock is projected to be Cable & Wireless followed by Barita Investments. Last year this publication stated that Barita was the best main market stock back in September, it is now up by 93 percent since but has much more gains ahead with projected earnings of $1.75 for 2017.
Note: One of our writers is a director of two junior companies, Jetcon Corporation and Jamaican Teas. Connected parties to IC Insider.com may hold shares in companies commented on from time to time.
Majors surge 3,247 points to record close
Bulls pushing Jamaican stock to new highs.
At the close the All Jamaica Composite Index surged 3,246.81 points, to close at 213,648.57. The JSE Market Index leapt 2,903.22 points to finish at 195,414.38. The JSE combined index jumped 2,748.82 points to close at 208,184.36.
At the close with 10,710,157 units valued at $359,865,498 changed hands, compared to 2,993,596 units valued at $27,027,397 changing hands on Friday. Of the stocks traded, the junior market accounted for 491,934 units changing hands, valued at $2,672,851. Grace Kennedy with 7,729,745 units valued at $316,822,639 accounted for the bulk of the trades with the price rising 59 cents to close at $40.99.
The average trade for the day in the main market ended at 378,453 shares compared to an average of 84,869 units traded on Thursday. The average for the month to date is 235,343 versus 132,234 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 13 stocks with bids higher than their last selling prices and none with a lower offer.In market activity, Berger Paints rose 20 cents while trading 1,875 shares to close at $6, Cable & Wireless gained 4 cents to close at 89 cents with 101,180 units trading, Caribbean Cement ended with a $1 rise while trading just 1,000 shares at $34. Carreras gained 75 cents and closed at $66.75 with 12,920 shares changing hands, Ciboney traded 87,962 units and rose 4 cents to end at 20 cents, Investors traded 443,934 shares of 1834 Investments to close at $1.20. Jamaica Broilers fell 10 cents and closed at $14.50 with 11,679 shares changing hands, Jamaica Producers rose 45 cents to end at a 52 weeks’ high of $9.85 with 3,700 units trading, Jamaica Stock Exchange gained 4 cents in trading 20,360 shares, to end at $5.56. JMMB Group traded 53,329 units and added 30 cents to end at $15, Kingston Properties lost 95 cents in trading 13,795 units to close at $8.05, Kingston Wharves jumped by $1.81 in trading 26,062 shares at $21.81, Mayberry Investments ended at $4.80 with 4,270 shares changing hands. National Commercial Bank traded 202,254 shares with a fall of 49 cents to close at $51.01.
Pan Jam Investment traded 3,893 shares at $26.50. Pulse Investments lost 30 cents in trading 53,383 shares at $3.70, Radio Jamaica rose 9 cents to close at $1.35 after 44,324 shares changed hands, Sagicor Group closed with 42,635 shares changing hands at $29.04. Sagicor X Fund ended with 57,375 units trading at $10.50. Scotia Group with 587,294 shares changing hands and closed with a rise of $3.01 at $38.01, Scotia Investments gained $1.02 with 16,000 units trading, to end at $31.02, Seprod rose $2 to $30 with 24,088 units changing hands, after trading at an intraday high, of $30.50, Supreme Ventures had just 7,213 shares trading and gained 9 cents to end at $5.10 and Proven Investments ordinary share traded 667,533 units at 20.5 US cents.
Junior market climbs to highest ever
Blue Power rose $1 to close at a new all-time high of $31.
At the close, a large number of securities, 13, ended with bids higher than their last selling prices and none ending with lower offers. Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.11 with the last trade at $18.60 and an offer at $19.70 and Eppley that ended with a bid of $8.01, compared to a last sale of $4.90.
The prices of 9 stocks rose, 3 declined with 13 securities trading, compared to 16 trading on Thursday. Volume of stocks traded fell 37 percent, from Thursday’s low level, ending with just 491.934 units changing hands, valued at $2,672,851, down by 32 percent from $3,954,032 on Thursday.An average of 37,841 units with an average value of $205,604 traded, compared to 49,187 units with an average value of $247,127 on the preceding trading day. The average for the month to date is, 70,258 units with an average value of $$341,603 versus 81,063 units with an average value of $386,936 on Thursday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, Blue Power jumped $1 and closed at a 52 weeks’ high of $31 with 10,979 units traded, Caribbean Cream jumped $1.15 with 21,100 units being exchanged to end at $8.55. Caribbean Flavours lost 80 cents while trading 2,900 shares to close at $11.20, Caribbean Producers gained 50 cents in trading 2,000 units at $3.75. Derrimon Trading gained 5 cents to close at a 52 weeks’ high of $5.80 with 10,000 shares changing hands, General Accident rose 1 cent and closed trading with 3,200 units at $3,
Jamaican Teas ended at $4.25 with 54,784 shares being exchanged. Jetcon Corporation gained 6 cents, to close at a new all-time high of $6.07, with 141,959 shares being exchanged by investors, KLE Group climbed 30 cents and closed with 76,000 shares trading at $2.20, Knutsford Express traded just 200 shares and gained 50 cents in closing at $23. Lasco Distributors ended with 21,000 units trading with a loss of 9 cents to close at $7.01, Lasco Financial rose 15 cents and closed with 50,362 shares changing hands, at $3.65 and Lasco Manufacturing fell 20 cents to end at $4.80, with 97,450 units trading.
Jamaican stocks pull back on Friday
The Jamaica Stock Exchange pulled back from Thursday’s close in a moderate trading on Friday morning, resulting in sharp fall from Thursday’s intraday high for the main market and the junior market’s record close.
Market activity resulted in 26 securities traded at 10:45 am, 
compared to 29 on Thursday at 10:45 am. A total of 14 securities advanced and 6 declined, resulting in a volume of 984,204 shares changing hands, carrying a value of $4,620,010, compared of 1,153,658 shares changing hands, carrying a value of $6,116,182 on Thursday. The average number of shares traded, amount to 37,854 units versus 39,781 units on Thursday.
Noted trades were junior market listed Jetcon Corporation with 128,319 units at $6.06, Lasco Financial gaining 15 cents to $3.65 with 3,962 units trading and Blue Power trading at a new high of $31 with 10,979 shares and Proven Investments traded 577,533 units at 22.99 US cents.
The all Jamaica Composite Index lost 493.48 points to 209,908.28, the Jamaica Stock Exchange Market Index fell 441.26 points 192,069.90 the Jamaica Stock Exchange combined index declined 501.40 points to 204,934.14 and the junior market index eased 8.97 points to 2,609.84.
Majors pull back for first time in 2017
Prices of stocks, on the main market of the Jamaica Stock Exchange, pulled sharply on Thursday, as the market closed with 42 securities changing hands of which 15 gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close the All Jamaica Composite Index fell sharply 2,014.74 points, to close at 210,401.76. The JSE Market Index dropped 1,801.53 points to finish at 192,511.16. The JSE combined index pulled back 1,327.76 points to close at 205,435.54.
At the close with 2,993,596 units valued at $27,027,397 changed hands, compared to 3,784,854 units valued at $25,405,860 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 84,869 shares compared to an average of 70,171 units traded on Wednesday. The average for the month to date is 132,234 units and December ended with an average of 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments slipped 50 cents while trading 19,334 shares to close at $6, Cable & Wireless gained 3 cents to close at 85 cents with 268,474 units trading, Caribbean Cement ended with a $1 loss while trading 1,259 shares at $33. Carreras closed at $66 with 6,348 shares changing hands, Investors traded 219,390 shares of 1834 Investments to close with a fall of 2 cents at $1.20, Grace Kennedy fell 9 cents to close at $40.40 with 167,066 shares changing hands. Jamaica Broilers gained 10 cents and closed at $14.6 with 19,700 shares changing hands, Jamaica Producers shed 10 cents to end at $9.40 with 4,490 units trading, Jamaica Stock Exchange gained 4 cents in trading 14,215 shares, to end at $5.56. JMMB Group traded 52,800 units and added 10 cents to end at $14.70, Kingston Wharves slipped $2 and traded 42,898 shares at $20, Mayberry Investments gained 5 cents to end at $4.80 with 1,721 shares changing hands. National Commercial Bank traded 6,836 shares with a gain of $1.25 to close at $51.50. The closest offer for NCB is at $54.80 to sell 18,500 units, PANJAM Investment traded 35,107 shares and shed $1 to close at $26.50. 
Portland JSX gained 5 cents in trading 45,400 units at $11, Pulse Investments traded 19,715 shares at $4, Radio Jamaica lost 2 cents to close at $1.26 after 388,684 shares changed hands, Sagicor Group closed with 227,944 shares changing hands at $29.04. Sagicor X Fund ended with 250,230 units trading, with a gain of 30 cents to close at $10.50. Scotia Group with 16,835 shares changing hands and closed with a fall of $3.30 at $35, Scotia Investments lost $1.50 with 13,874 units trading, to end at $28, Proven Investments ordinary share traded 74,000 units at 22 US cents and JMMB Group 7.5 percent preference share traded 300,000 units $1.08.
Junior market first close above 2,600
The junior market pushed pass the 2,600 points mark at the close for the first time. The market index rose 33.35 points to end at 2,618.81 on much less volume than on Wednesday. Indication at the close, suggests that Friday could be explosive for the stocks in this market, with a large number of securities numbering 14,closing with bids higher than their last selling prices and none ending with lower offers.
Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.10 with the last trade at $18.60 and an offer at $25.10. Eppley’s bid closed $8.01, compared to a last sale of $4.90 and Knutsford Express traded last at $22.50 and ended with the bid at $23 and an offer at $32.50.
The prices of 7 stocks rose, 5 declined with 16 securities trading, compared to 12 trading on Wednesday. Volume of stocks traded fell 71 percent, from Wednesday’s low level, ending with 786,999 units changing hands, valued at $3,954,032, down by 69 percent from $12,580,140 on Wednesday.
An average of 49,187 units with an average value of $247,127 traded, compared to 169,435 units with an average value of $786,259 on the preceding trading day. The average for the month to date is 81,063 units with an average value of $386,936 versus 97,001 units with an average value of $456,841 on Wednesday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, AMG Packaging jumped $2.49 and closed at $27 with 2,115 units traded, Cargo Handlers closed at $18.60 with 4,900 units changing hands, Caribbean Cream lost 60 cents with 4,500 units being exchanged to end at $7.50. Caribbean Flavours recovered the 75 cents it lost on Wednesday while trading 1,621 shares to close at $12, Caribbean Producers fell 5 cents in trading 29,490 units at $3.25, Consolidated Bakeries lost 20 cents in trading 79,180 shares to close at $2.15. Derrimon Trading gained 25 cents to close at a 52 weeks’ high of $5.75 with 154,000 shares changing hands, General Accident lost 1 cent and closed trading with 19,318 units at $2.99. 
Honey Bun had 31,416 shares changing hands to close at $6.05 after rising 55 cents. Jamaican Teas ended at $4.25 with 6,778 shares being exchanged. Jetcon Corporation fell 4 cents, to close at $6.01, with 112,099 shares, Key Insurance climbed 20 cents and closed with 54,033 shares trading at $3, after trading at an intraday all-time high of $3.20, Lasco Distributors ended with 84,557 units trading with a rise of 60 cents to $7.10. Lasco Financial closed with 47,322 shares changing hands, to end at $3.50 and Lasco Manufacturing gained 15 cents and ended at $5, with 1467,670 units trading.
JSE pushes higher to new record – Thursday
The Jamaica Stock Exchange was pushed to yet another morning of new high, with the all Jamaica Composite Index breaking the 213,000 points level for the first time after 20 minutes of trading to 213,061.86 points. Scotia Group traded 9,145 at a new high of $39, up 70 cents for the day contributing to the increase in the market. The junior market also moved higher from Wednesday’s close.
Market activity resulted in 29 securities trading at 10:45 am, compared to 31 on Wednesday. A total of 10 securities advanced and 7 declined, resulting in a volume of 1,153,658 shares changing hands, carrying a value of $6,116,182, compared of 2,248,154 shares changing hands, carrying a value of $19,672,487 on Wednesday. The average number of shares traded, amount to 39,781 units versus 72,521 units on Wednesday.
Radio Jamaica with 337,200 shares trading at $1.30 was the leading trade, followed by JMMB Group 7.50% preference share with 300,000 units at $1.08, Cable & Wireless with 164,574 units at 82 cents and junior market listed Jetcon Corporation with 80,840 units at $6.
The all Jamaica Composite Index rose 535.16 points to a record 212,951.66, the Jamaica Stock Exchange Market Index climbed 478.53 points to an all-time high of 194,791.22, the Jamaica Stock Exchange combined index jumped 596.78 points to a record high of 207,360.08 and the junior market index climbed 14.89 points to 2,600.35.
Jamaican stocks push higher Wednesday
Bulls are at large in down town Kingston.
At the close the All Jamaica Composite Index gained 204.60 points, to close at 212,416.50. The JSE Market Index climbed 182.94 points to finish at 194,312.69.
The JSE combined index rose 211.15 points to close at 206,763.30.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close with 3,784,854 units valued at $25,405,860 changed hands, compared to 7,231,425 units valued at $86,467,161 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 70,171 shares compared to an average of 289,026 units traded on Tuesday. The average for the month to date is 179,598 units and December ended with an average of 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments rose by 50 cents while trading 57,000 shares at a new high of $6.50, Berger Paints ended with 46,842 units changing hands at $5.80, Cable & Wireless lost 1 cent to close at 82 cents with 667,394 units trading, Caribbean Cement ended with a $1 rise while trading 3,915 shares at $34. Carreras fell 40 cents to close at $66 with 28,450 shares changing hands, Grace Kennedy gained 49 cents to close at $40.49 with 79,915 shares changing hands. Jamaica Broilers gained 35 cents and closed at $14.50 with 153,977 shares changing hands, Jamaica Producers gained 10 cents to end at $9.50 with 27,639 units trading, Jamaica Stock Exchange lost 8 cents in trading 221,631 shares, to end at $5.52. JMMB Group traded 14,000 units and lost 39 cents to end at $14.60, Kingston Wharves slipped 3 cents and traded 5,215 at $22, Mayberry Investments lost 5 cents to end at $4.75 with 4,080 shares changing hands. National Commercial Bank traded 10,664 shares with a gain of 25 cents to close at $50.25. 
PANJAM Investment traded 6,808 shares and shed $1 to close at $26.50. Radio Jamaica rose 3 cents to close at $1.28 after 15,565 shares changed hands, Sagicor Group gained 4 cents and closed with 7,845 shares changing hands at $29.04, Sagicor X Fund ended with 5,600 units trading, with a loss of 30 cents to close at $10.20. Scotia Group with 10,568 shares changing hands and closed with a gain of $1.30 at $37, Scotia Investments gained 50 cents with 1,000 units trading, to end at $30, Supreme Ventures traded 67,975 shares and lost 39 cents to end at $5.01, Proven Investments traded 50,294 ordinary shares traded at an intraday 52 weeks’ high of 23 US cents but ended at 22 US cents and JMMB Group 7.5 percent preference share traded 383,717 units $1.08.
820% jump in junior market trades – Wednesday
Jetcon closed at a new high on Wednesday.
The prices of 7 stocks rose, 5 declined with 16 securities trading, compared to 12 trading on Tuesday. Volume of stocks traded jumped 820 percent on Wednesday, from Tuesday’s low level, ending with 2,710,965 units changing hands, valued at $12,580,140, up 723 percent from $1,529,067 on Tuesday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers. At the close, Access Financial ended with a bid of $25 versus the last sale of $22, AMG Packaging bid is at $27.05 with and last traded at $24.51, Eppley bid is $8.50 compared to a last sale of $4.90, these stocks have no stock being offered for sale for some time.
An average of 169,435 units with an average value of $786,259 traded, compared to 24,567 units with an average value of $127,422 on the preceding trading day. The average for the month to date is 97,001 units with an average value of $456,841. The average for December is 131,147 units, at an average of $672,488.At the close of trading, Cargo Handlers closed at $18.60 with 3,121 units changing hands, Caribbean Cream gained 70 cents with 6,000 units being exchanged to end at $7.30. Caribbean Flavours fell 75 cent while trading 13,000 shares to close at $11.25, Consolidated Bakeries rose 9 cents in trading 15,000 shares to close at $2.35, Derrimon Trading ended at $5.50 with 176,694 shares changing hands, after rising by 40 cents, General Accident gained 20 cents and closed trading with 1,000 units at $3, Honey Bun had 17,005 shares changing hands to close at $5.50 after falling 18 cents. Iron Rock Insurance traded 31,614 shares to end at $4, Jamaican Teas ended at $4.25 with 102,572 shares being exchanged.
Jetcon Corporation gained 5 cents, to close at a 52 weeks’ high of $6.05, with 22,222 shares, KLE Group lost 5 cents and closed with 3,100 shares trading at $1.90, Knutsford Express traded 8,321 shares and gained $2.50 in closing at $22.50, Lasco Distributors ended with 36,725 units trading with a fall of 51 cents to $6.50. Lasco Financial rose 31 cents with 1,386,210 shares changing hands, to end at $3.50, Lasco Manufacturing fell 5 cents and ended at $4.85, after 67,645 units switched hands and Eppley 8.25% preference share traded 820,736 units at $6.