The Jamaica Stock Exchange main market enjoyed strong gains in the indices in early Friday morning trading but with only limited volume changing hands in the overall markets. The junior market index slipped a bit with only a few securities trading in that market.
Trading of note so far took place for 106,580 Cable & Wireless shares with 181,615 shares in 1834 Investments changing hands while 59,745 shares of Grace Kennedy traded and JMMB Group had 275,597 units trading at $9.88 in the main market and in the junior market the stocks with the leading volumes traded are C2W Music with 40,000 units and Eppley Preference Shares 2019 had 50,000 units changing hands.
At 10:45 am 22 securities traded, resulting in a volume of 861,119 shares carrying a value of $8,593,129 changing hands compared to 5,070,164 shares carrying a value of $14,465,644 on Thursday. The average number of shares traded amounts to 39,142 units compared to 211,257 units on Thursday. The number of stocks falling are 10 while the prices of 8 securities rose as the market continues to consolidate.
The all Jamaica Composite Index jumped 947.08 points to 178,531.20, the Jamaica Stock Exchange Market Index gained 846.86 points to 160,680.41, the Jamaica Stock Exchange combined index climbed 680.28 points to close at 172,524.29 and the junior market index slipped 10.25 points to 2,288.60.
JSE main market climbs in early trading
12 junior stocks rise – Thursday
Caribbean Cream – 1 of 4 stocks trading at a new high on Thursday.
Trading in the junior market resulted in 12 stocks rising, while 3 declined out of 19 securities that traded. Market activities ended with 5 securities closing with bids higher than their last selling prices and 4 ending with lower offers as the supply of many stocks continue to evaporate thus setting the stage for a big push forward in the prices of many of the junior listings.
At the close, Access Financial gained $1 in trading 1,500 units to end at $18.50, AMG Packaging climbed $2.20 and ended at $16.70, with just 300 units changing hands,
Blue Power lost a cent to close with 578 shares changing hands at $20.02, Cargo Handlers traded 1,500 shares to close $4 higher at a new 52 weeks’ high of $86. Caribbean Cream closed with 75,442 shares changing hands with a gain of $1 to a new 52 weeks’ high of $8.50, Caribbean Producers had 22,572 units changing hands, to close with a gain of 28 cents at $3.78, Consolidated Bakeries traded 9,700 shares to close at $2.25. C2W Music traded up by 3 cents to close at 20 cents with 210,000 units changing hands, General Accident traded 104,311 units and gained 22 cents to end at $2.30. Honey Bun traded 4,000 units at $5.50, after slipping 1 cent, Iron Rock Insurance rose 9 cents in trading 5,000 units, to close at $3.28,
Jamaican Teas fell 23 cents in trading just 1,803 shares to close at $3.40, Jetcon Corporation gained 10 cents to end with 18,991 shares trading and closed at a new all-time high of $3.30. Knutsford Express had 14,300 units changing hands, to end with a rise of 93 cents at a new closing high of $26, Lasco Distributors ended with 495,390 shares changing hands, loss 20 cents to close at $6.70, Lasco Financial had 618 shares changing hands at $3.52, for a rise of 2 cents. Lasco Manufacturing closed at $4.50 with 854,813 shares trading, Paramount Trading jumped $1 in trading 3,000 shares at $14 and tTech traded 8,700 shares at $5.
19 JSE stocks rise on Thursday
Palace closed at a new high of $170 on Thursday.
The junior market accounted for 1,832,518 units valued at $9,192,820 of the total traded on Thursday.
At the close of trading, the JSE Market Index climbed 527.63 points to end at 159,833.55. The all Jamaica Composite Index rose 590.07 points to close at 177,584.12 and the JSE combined index jumped 1,217.16 points, to end at 171,844.01.
At the close of the market prices of 19 securities gained out of a total of 39 that traded, with 8 declining in the overall market, including 12 stocks rising and 3 falling, in the junior market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Cable & Wireless dominated trading with 3,903,944 shares changing hands and closed with a loss of 5 cents at 94 cents, Carreras traded 10,987 shares and gained 3 cents to close at $66.47, Grace Kennedy ended at $42.99, with 5,640 shares changing hands. Jamaica Broilers had 4,580 shares changing hands, to end with a gain of 5 cents at $14.60. Jamaica Producers ended at $8.50 with 450 units trading, Jamaica Stock Exchange lost 60 cents with 80,279 units changing hands, to end at $27.40 after trading as high as $28.50.
JMMB Group traded 19,900 units and rose by 5 cents to $9.95. Kingston Wharves dropped $1.45 in trading 5,261 shares to close at $16.10, Mayberry Investments gained 20 cents ended with 3,570 shares trading to close at $3.50, National Commercial Bank had 15,840 units changing hands to close at $40, Palace Amusement traded 500 units and rose $5 to end at a 52 weeks’ high of $170. Pan Jamaican Investments fell 19 cents and closed at $24.30 after trading 2,950 shares, Portland JSX traded 27,200 units at $11, Sagicor Group traded 1,820 shares while rising 30 cents to close at $22.50, Scotia Group gained 50 cents to close at $31 with 22,700 shares changing hands. Supreme Ventures had 879,445 units changing hands and fell 9 cents to $4.75 and Proven Investments traded 20,849 units to close at 19.87 US cents after slipping 0.13 cent.
14 JSE’s stocks rise 7 fall – Wednesday
NCB traded as low as $36.10 on Wednesday but ended back at $40..
Jamaican stocks again saw more prices rising than falling but the market indices incurred losses nevertheless at the end of trading on Wednesday. Unlike the previous two days with extremely low volumes trading levels climbed sharply by the close of the market with 5,711,945 units valued at $60,243,332, well up from the 2,652,003 units valued at $16,996,985 changing hands on Tuesday’s with, the junior market accounting for 1,483,909 units valued at $6,870,963.
At the close of trading, the JSE Market Index dropped 849.63 points to end at 159,305.92. The all Jamaica Composite Index dived 950.18 points to close at 176,994.05 and the JSE combined index sank 833.28 points, to end at 170,626.85.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 7 declining in the overall market, including 7 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, 
the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 10,741 shares at $5, Cable & Wireless traded 822,600 shares and closed with a loss of 1 cent at 99 cents, Carreras traded 1,570 shares to close at $66.44. Trading in in shares of 1834 Investments resulted in 197,265 units changing hands to end at $1.25, Grace Kennedy jumped 99 cents to end at $42.99, with 23,328 shares changing hands, Jamaica Broilers had 13,650 shares changing hands, to end with a fall of 5 cents at $14.55. Jamaica Producers ended at $8.50 with 300,150 units trading, Jamaica Stock Exchange gained 18 cents with 160,144 units changing hands, to end at a 52 weeks’ closing high of $28 as investors continue to react positively to the announcement of a likely stock splitJMMB Group traded 1,009,454 units at $9.90.
Margaritaville Turks traded 6,540 shares to close at 21 US cents, Mayberry Investments ended with 502,200 shares trading to close at $3.30, National Commercial Bank had 531,488 units changing hands to close at $40, the stock traded as low as $36.10 during the day but with small volumes. Pan Jamaican Investments fell 1 cent and closed at $24.99 after trading 11,495 shares, Sagicor Real Estate Fund traded 35,080 shares to close at $10.20, Scotia Group added 40 cents to close at $30.50 with 7,320 shares changing hands. Scotia Investments had 2,064 units changing hands at $26, Proven Investments traded 389,000 units to close at 19.90 US cents after rising 0.90 cent and JMMB Group 7.50% rose 2 cents in trading 193,871 units at $1.10. [Read more…]
7 junior stocks up 4 down – Wednesday
Blue Power closed at a new high of $20.03 on Thursday.
Trading in the junior market resulted in 7 stocks rising, the same as on Tuesday, while 4 declined compared to 5 on Tuesday out of 13 securities that traded.
Trading ended with 7 securities closing with bids higher than their last selling prices and 3 ending with lower
offers as the supply of many stocks continue to evaporate thus setting the stage for a big push forward in the prices of many of the junior listings.At the close, AMG Packaging lost 5 cents and ended at $14.50, with 19,750 units changing hands, Blue Power rose 3 cents to close with 1,600 shares changing hands at a new 52 weeks’ closing high of $20.03. At the close there was only one offer to sell 25,000 shares at $25, Caribbean Producers had 55,974 units changing hands, to close with a gain of 30 cents at $3.50, Consolidated Bakeries traded 300 shares but lost 15 cents to close at $2.25, General Accident traded 4,400 units but lost 1 cent to end at $2.08. Honey Bun traded 374,000 units at $5.51, after rising 1 cent, Jetcon Corporation ended with 24,916 shares trading at $3.20,
Knutsford Express closed with 1,200 units changing hands, to end with a gain of 7 cents at a new closing high of $25.0, KLE Group traded just 100 units at $1.40. Lasco Distributors ended with 87,374 shares changing hands, gaining 30 cents, in the process to close at $6.90, Lasco Financial saw Mayberry Investments buying most of the stocks to trade, for in house purposes as 570,000 shares changed hands at $3.50, for a rise of 25 cents. Lasco Manufacturing fell 15 cents and closed at $4.50 with 342,295 shares trading and Paramount Trading jumped $1 in trading 2,000 shares at $13.
JSE trades down early Wednesday
Trading on Jamaica Stock Exchange early Wednesday is slow with only a few trades of meaningful size as the indices gave up some gains over the past two days.
Meaningful volumes came from penny stocks Cable & Wireless with 113,022 units at $1 and 1834 Investments with 159,400 shares at $1.25 followed by Jamaica Stock Exchange with 55,577 units at $27.15, National Commercial Bank with 401,780 shares at $39.99 and Proven Investments with 389,000 units at US 19.9 cents.
At 10:45 am 23 securities traded, resulting in a volume of 1,182,572 shares carrying a value of $29,395,598 changing hands down from 1,835,382 units on Tuesday. The average number of shares traded amounts to 51,416 units compared to 63,289 units on Tuesday. The number of stocks falling are 7 while the prices of 6 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index dropped 857.51 points to 177,086.72 the Jamaica Stock Exchange Market Indexdeclined 766.77 points to 159,388.78, the Jamaica Stock Exchange combined index lost 919.05 points to close at 170,541.08 and the junior market index slipped 20.25 points to 2,212.09.
7 junior stocks up 5 down – Tuesday
tTech closed at $5 on Tuesday with the highest volume traded.
The market closed with 1,397,863 units trading, 13 percent more than on Monday, but the value traded fell 24 percent from Monday, with $6,429,584 changing hands on Tuesday. Trading in the junior market resulted in 7 stocks rising, down from 8 on Monday, while 5 declined up from only 1 on Monday out of 14 securities that traded.
Trading ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers.At the close, AMG Packaging ended at $14.55, with 1,900 units changing hands, Caribbean Cream lost 50 cents to close with 78,131 shares changing hands at $7.50, at the close there was only three offers to sell 16,000 shares between $8 and $9.50. Caribbean Flavours traded 32,000 units to end at $8.50 with a rise of 74 cents, leaving two offers for 24,000 units between $8.50 and $9.59, Caribbean Producers had just 2,165 units changing hands, to close with a gain of 20 cents at $3.20. Consolidated Bakeries traded 16,560 shares and gained 5 cents to close at $2.40, C2W Music traded 20,000 units and was down 3 cents to a new low of 17 cents,
Honey Bun traded 25,000 units at $5.50 after rising 20 cents, Iron Rock Insurance rose 1 cent, in trading 5,000 units to close at $3.19. Jetcon Corporation ended with 399,800 shares trading with a gain of 30 cents to end at $3.20, at the close there was only one offer to sell at $4.80 but bids are not strong with 152,000 units from $2.80 to $3.01. Knutsford Express closed with 1,007 units changing hands to end at $25, but had only 248 shares on offer at the close at $29.50, Lasco Distributors ended with 11,702 shares changing hands with a loss of 10 cents at $6.60, Lasco Financial ended with 29,623 shares changing hands at $3.25, for a fall of 28 cents. Lasco Manufacturing fell 20 cents and closed at $4.65 with 71,642 shares trading and tTech jumped by 50 cents in trading 703,333 shares at $5. Trading removed almost all of the supply leaving only 26,000 units on offer at the close for the technology stock.
JSE stocks rise again – Tuesday
JSE stock jumped to $29.50 during trading.
At the close of trading, the JSE Market Index rose 231.36 points to end at 160,155.55. The all Jamaica Composite Index gained 258.74 points to close at 177,944.23 and the JSE combined index climbed 596.35 points, to end at 171,460.13.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 12 declining in the overall market, including 7 stocks rising and 5 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 4 with lower offers, suggesting continued fluidity in price movements ahead.In market activity, Berger Paints traded 109,400 shares at $5, Cable & Wireless traded 644,622 shares and closed at $1, Caribbean Cement traded 20,120 shares to end at $25.50, Carreras traded 6,907 shares and fell 6 cents to close at $66.44. Grace Kennedy dropped $1 to end at $42, with 38,441 shares changing hands. Jamaica Broilers had 5,400 shares changing hands, to end with a gain of 8 cents at $14.60, Jamaica Producers ended at $8.50 with 9,360 units trading, after rising by 10 cents, Jamaica Stock Exchange gained 42 cents with 28,280 units changing hands, to a 52 weeks’ closing high of $27.82. The stock traded at new all-time high during the morning session at $29.50, as investors continue to react positively to the announcement of a likely stock split,
JMMB Group traded 300 units at $9.90. Kingston Wharves traded 29,130 shares and rose 5 cents, to close at $17.55, Margaritaville Turks traded 2,710 shares to close at 21 US cents, National Commercial Bank had 19,809 units changing hands and fell 50 cents, to close at $40, Pan Jamaican Investments climbed 50 cents and closed at $24.50 after trading 7,218 shares. Radio Jamaica lost 2 cents to close at $1.48 with 33,698 shares trading, Sagicor Group lost 20 cents with 100,116 shares changing hands at $22.20, Sagicor Real Estate Fund traded 42,100 shares and rose 5 cents to close at $10.20. Scotia Group added 40 cents to close at $30.10 with 31,800 shares changing hands. Scotia Investments had 4,988 units changing hands at $26, Seprod traded 6,500 units to close at $20.50 and Jamaica Money Market Brokers 7.50% lost 1 cent in trading 108,741 units at $2.09.
$29.50 new high for JSE early Tuesday
Jamaica Stock Exchange traded 1,400 at a new high of $29.50 up $2.10, following the high it reached in early trading Monday of $28, 
Jetcon Corporation traded 399,800 units at $3.20, after rising 30 cents, tTech jumped 50 cents while it traded 503,333 shares at $5 and Cable & Wireless had 524,622 units trading at $1. Gains in prices moved the market indices much higher than at the close on Monday.
At 10:45 am 29 securities traded, including C2W Music that traded at a new all-time low of 17 cents as investors continue to bail out of the stock, following a history of continued poor results and depletion of capital. Trading resulted in a volume of 1,835,382 shares changing hands. The average number of shares traded amounts to 63,289 units compared to 36,243 units on Monday. The number of stocks falling amounts to 5 while the prices of 11 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index jumped 1,250.51 points to 178,936.00 the Jamaica Stock Exchange Market Index climbed 1,118.18 points to 161,042.37, the Jamaica Stock Exchange combined index gained 1,415.46 points to close at 172,279.24 and the junior market index up 36.86 points to 2,232.00.
JSE stocks rise – Monday
Sterling Investments closed at a new high on Monday
Price movement on the Jamaica Stock Exchange mostly rose on Monday pulling the market indices along with it. Trading levels fell sharply with just 2,234,793 units valued at $29,276,443 well off from the 7,432,213 units valued at $206,556,569 changing hands on Friday’s. The junior market accounted for 1,236,624 units valued at $8,459,914 on Monday.
At the close of trading, the JSE Market Index rose 127.23 points to end at 159,924.19. The all Jamaica Composite Index gained by 142.29 points to close at 177,685.49 and the JSE combined index climbed 305.41 points, to end at 170,863.78.
At the close of the market prices of 15 securities gained out of a total of 36 that traded, with 9 declining in the overall market, including 8 stocks rising and 1 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 7 with lower offers, suggesting continued fluidity in price movements ahead.In market activity, Cable & Wireless traded 179,535 shares and closed 3 cents down to $1, Caribbean Cement traded 1,500 shares but fell back 99 cents to close at $25.50, Carreras traded 1,593 shares and jumped by $1.99 to close at $66.50. Grace Kennedy dropped 60 cents to end at $43, with 17,684 shares changing hands. Jamaica Broilers had 40,850 shares changing hands, to end with a fall of 38 cents at $14.52. Jamaica Producers ended at $8.40 with 19,850 units trading, Jamaica Stock Exchange closed with 87,620 units changing hands to close at $27.40, after trading at new all-time high during the morning session at $28. Investors have been reacting positively to the announcement of a meeting later in September to consider a stock split and driving the
JSE stock up from $21.50 before the announcement. JMMB Group fell 10 cents in trading 2,896 units at $9.90.Kingston Wharves traded 66,886 shares, to close at $17.50, Margaritaville Turks traded 348,738 shares to close at 21 US cents, after trading earlier at an intraday high of 23.95 US cents, Mayberry Investments ended with 28,812 shares trading, to close with a gain of 2 cents at $3.30.
National Commercial Bank had 14,983 units changing hands and gained 50 cents to close at $40.50, Pan Jamaican Investments dipped 50 cents and closed at $24, after trading 6,975 shares, Sagicor Group rose 39 cents with 8,426 shares changing hands at $22.40, Scotia Group dropped $1.69 to close at $29.70 with 9,201 shares changing hands. Scotia Investments had 10,826 units changing hands at $26, Seprod climbed $1, in trading 88,000 units to close at $20.50, Sterling Investments closed at a new high of $14.15 while trading 4,000 shares, with a rise of $1.15, Supreme Ventures ended with 4,000 units changing hands at $4.81 and Proven Investments gained 1 US cent, to close at 19.90 US cents.