Medical Disposables fell out of the Top 5 junior market selection during the past week, based on price movement, with the bid at $4.95 and Jetcon Corporation with the price at $4.51 returns, making it back into the top list by just inching ahead of General Accident.
The insurance company enjoyed strong buying during the past week and could slip out in the coming week. Medical Disposables still has more room for growth with the company expanding its product range. Derrimon Trading moved up to third spot after the stock traded at $4 during the week but pulled back to $3.50 by the close. Knocking at the Top 5 position in the junior market are tTech now that the price slipped to $5.30, Caribbean Flavours and Caribbean Cream with Paramount Trading just below.
Stocks in the main market all remained in the Top 5 but positions have changed, the top attraction for the week is JMMB Group that climbed to $13 and sits just and now sits at number 5 spot having entered at the top spot last week. With the news of the group obtaining a banking license, the way may be clear for the price to surge a bit more in the coming week and most likely push it out of the top 5. Stocks peeping in at the Top 5 in the main market are Grace Kennedy, National Commercial Bank and Sterling Investments.
With the junior market trading at new records this past week, the attractive gains that were evident a few weeks ago are receding in the junior market with IC Insider data showing just 7 junior market stocks that could double by early 2017. That is in contrast to the main market that shows 15 stocks that could double or more than double. All that is reflected in the fact that the junior market is up 33 percent year to date, while the main market is up just 9 percent.
Record close for JSE stocks – Friday
The JSE Combined index closes at a new all-time high on Friday.
Trading ended with the prices of 14 securities gaining out of a total of 40 trading, while 14 declined in the overall market, including 7 stocks rising and 8 falling, in the junior market.
At the close 43,448,695 units valued at $912,734,040, changed hands, compared to the 3,849,357 units valued at $41,532,118 changing hands on Thursday. The junior market accounted for 3,440,359 units valued at $12,272,247 of the stocks traded.
At the close, the JSE Market Index climbed 427.61 points to end at 164,482.25. The all Jamaica Composite Index rose 478.22 points to close at 182,782.97 and the JSE combined index climbed 560.98 points, to end at 177,090.44 for a new record high.
In the morning session the markets traded in record territory with the all Jamaica Composite Index jumping 1,572.36 points to 183,877.11, the Jamaica Stock Exchange Market Index climbed 1,405.97 points to 165,460.61, the Jamaica Stock Exchange combined index surged 1,660.01 points to 178,189.47 and the junior market index rose 34.67 points to 2,408.56.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 3 with lower offers.In market activity, Barita Investments traded 6,740 shares to close at $4.20, Berger Paints rose 35 cents and closed at a 52 weeks’ high of $5.50 with 1,415 units changing hands, Cable & Wireless fell 2 cents and closed at 87 cents with 434,690 units changing hands, Caribbean Cement lost 1 cent in trading 18,700 shares to close at $30. Carreras exchanged 3,180 shares at $65.85, trading in 1834 Investments ended with 20,000 shares changing hands, 2 cents lower at $1.22, Grace Kennedy closed with 14,368 shares changing hands at $42.50, Jamaica Stock Exchange ended with a loss of $1 at $27 with 80,570 units trading.
JMMB Group jumped $1.50 in trading 139,118 units to close at $13, National Commercial Bank (NCB) traded 1,951,691 shares and gained 50 cents to end at $41.50, supply for NCB is drying up with only 97,550 on offer between $42 and $47 including 72,835 units at $45.50, Pan Jamaican Investments closed at $23.50 after trading 2,549,213 shares. Sagicor Group gained 1 cent in trading 28,272,885 shares to close at $23.81 and left just one sell order amounting to 2,000 shares at $25, in the market. The lack of supply for Sagicor could be a big signal of an upward movement for the stock, Sagicor Real Estate Fund rose 5 cents in trading 5,603,612 shares to close with at $10.25, Scotia Group lost 50 cents and closed at $31.50 with 890,433 shares changing hands and Seprod traded 1,258 shares to end at $22.
Stocks hit new highs early trading
Trading on the Jamaica Stock Exchange, pushed the markets into new record territory, with the All Jamaica Composite index jumping 1,572.36 points to 183,877.11
beating the previous highest close of 183,366.39 reached in February while the junior market climbed into the 2,400 level for the first time.
Up to 10:45 am, the main trades are Caribbean Cream traded 136,819 units at $9.40 after trading at $9.70, General Accident Insurance had 600,000 units changing hands at $2.40, Lasco Distributors rose to $7.50 with 222,184 shares Honey Bun traded 66,969 shares at $6.10 and Paramount Trading moved to a new all-time high of $19.50 with just 2,000 shares.
At 10:45 am 26 securities traded, resulting in a volume of 1,383,211 shares changing hands carrying a value of $7,292,776. The average number of shares traded amounts to 53,200 units. Market activity resulted in 5 stocks falling while the prices of 10 securities rose.
The all Jamaica Composite Index jumped 1,572.36 points to 183,877.11. If the market ends trading close to this level, it would represent a new all time high for all three major indices. at mid morning the Jamaica Stock Exchange Market Index climbed 1,405.97 points to 165,460.61, the Jamaica Stock Exchange combined index surged 1,660.01 points to 178,189.47 and the junior market index gained 34.67 points to 2,408.56.
A new junior record on – Thursday
Trading on the Junior market ended with a third consecutive record high Thursday as the closed at a new high of 2,373.89 for a gain of 7.58 points as 4 stocks rose and 2 declined with just 10 securities that trading.
Trading volume and value rose from Wednesday’s levels, ending with 1,742,459.00 units changing hands, 129 percent more than on Wednesday, while the value traded climbed by 224 percent to $12,530,207, from $3,870,697 on Wednesday.
Market activities ended with 10 securities closing with bids higher than their last selling prices and 4 ending with lower offers. Month end is a period when some bids increase to show stronger close than for a few days before with valuation of portfolios based on the higher bids.
In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $91 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. The company at a recent extraordinary meeting approved a 10 for 1 stock split, to take effect from the close of business on October 21. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units compared with the last sale of $2.49. There were no bids to buy the stock at the close.
Blue Power closed at $25 with 12,400 units changing hands, Caribbean Cream lost 23 cents with 31,000 shares 
changing hands to close at $9.27, C2W traded 37,949 shares to close at 24 cents, Honey Bun with 3,050 shares changing hands and closed at $6.19 with a gain of 19 cents. Jetcon Corporation had just 2,200 units changing hands, to end at $4.70, KLE Group ended at $2.10 with 48,500 shares changing hands after rising by 24 cents, Knutsford Express traded 10,500 units to close at $24 after shedding 48 cents, Lasco Distributors closed with a gain of 24 cents as 1,610,495 units traded at $7.24. Lasco Financial ended with 11,739 shares changing hands at $3.18, after rising by 13 cents, Lasco Manufacturing closed at $5 with 9,565 shares trading.
Jamaican stocks at all-time high – Thursday
Stocks on the main market of the Jamaica Stock Exchange rose with sizable gains at the close of trading on Thursday. Prices in the overall closed at a new record high, as the JSE combined index surged to a new high for 2016 as advancing stocks overpowered declining ones 3 to 1.
Trading ended with the prices of 13 securities gaining out of a total of 29 trading, while 4 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market.
At the close 3,849,357 units valued at $41,532,118, changed hands, compared to the 3,098,446 units valued at $40,569,011 changing hands on Wednesday. The junior market accounted for 759,344 units valued at $3,870,697 of the stocks traded.
At the close, the JSE Market Index climbed 943.55 points to end at 164,054.64. The all Jamaica Composite Index rose 1,055.21 points to close at 182,304.75 and the JSE combined index climbed 952.95 points, to end at 176,529.46 for a new record high, surpassing the record reached in February.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading show a sharp rise to 22 stocks with bids higher than their last selling prices and 6 with lower offers.
In market activity, Berger Paints closed at $5.15 with 1,019 units changing hands, Cable & Wireless fell 1 cent and closed at 89 cents with 95,807 units changing hands, Caribbean Cement rose 81 cents in trading 2,000 shares to close at $29.20, Carreras exchanged 8,597 shares at $65.85. Trading in 1834 Investments ended with 43,451 shares changing hands 2 cents higher at $1.24, Grace Kennedy closed with 2,265 shares changing hands at $42.50, 
Jamaica Broilers had 19,210 shares changing hands to end at $14.60 after rising 5 cents, Jamaica Producers closed at $8.40 with 1,349 units trading. Jamaica Stock Exchange ended at $28 with 7,839 units trading, JMMB Group climbed 60 cents in trading 1,239,331 units to close at $11.50, Sagicor Group declined by 20 cents in trading 391,564 shares to close at $23.80, Sagicor Real Estate Fund traded 114,328 shares to close with at $10.20. Scotia Group climbed $1.70 and closed at $32 with 10,731 shares changing hands, Seprod rose 10 cents in trading 129,305 shares to end at $22, Supreme Ventures rose 5 cents to close at $4.65 with 12,000 shares. Proven Investments traded 9,700 ordinary shares to close at 20 US cents after gaining 1.5 cents.
JSE majors jump on Wednesday
Stocks on the main market of the Jamaica Stock Exchange rose with sizable gains at the close of trading on Wednesday with four digit gains in the main indices as over advancing stocks gained the upper hand at the close.
Trading ended with the prices of 13 securities gained out of a total of 41 trading, while 9 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market.
At the close 3,098,446 units valued at $40,569,011, changed hands, compared to the 3,375,381 units valued at $114,125,679 changing hands on Tuesday. The junior market accounted for 759,344 units valued at $3,870,697 of the stocks traded.
At the close, the JSE Market Index garnered 1,178.43 points to end at 163,111.09. The all Jamaica Composite Index rose 1,317.90 points to close at 181,249.54 and the JSE combined index climbed 1,138.30 points, to end at 175,576.51.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints gained 4 cents to close at $5.15 with 500 units changing hands, Cable & Wireless closed at 90 with 197,033 units changing hands, Caribbean Cement dropped 30 cents in trading 33,165 shares to close at $29.20, Carreras exchanged 46,014 shares at $65.85 to gain 85 cents. 1834 Investments traded 207,766 shares at $1.22, Grace Kennedy rose 50 cents and closed with 152,808 shares changing hands at $42.50, Jamaica Broilers had 19,108 shares changing hands to end at $14.55, Jamaica Producers closed at $8.40 with 41,793 units trading. Jamaica Stock Exchange ended at $28 with 3,600 units trading, JMMB Group traded 32,634 units to close at $10.90, 
Margaritaville Turks traded 120,000 shares to close at 23.5 US cents after gaining 0.50 cent, Mayberry Investments traded 28,428 but fell 15 cents in closing at $3.70, National Commercial Bank rose 80 cents to $41 with 15,162 shares changing hands. Pan Jamaican Investment traded 84,575 shares to close $23.50 after rising 19 cents, Sagicor Group rose 30 cents in trading 220,817 shares to close at $24, Sagicor Real Estate Fund traded 8,000 shares to close with at $10.20, Scotia Group climbed $1.30 and closed at $30.30 with 10,100 shares changing hands. Scotia Investments closed at $26 with 8,800 shares changing hands, Supreme Ventures lost 20 cents to close at $4.60 with 22,100 shares. Proven Investments traded 468,600 ordinary shares to close at 18.5 US cents after declining by 0.49 cents, JMMB Group 7.50% preference share traded 100,000 units at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 482,849 units at $2.13.
Another junior record close – Wednesday
Medical Disposables closed at a new high on Wednesday.
The market closed with 3 stocks rising, while 5 declined out of 13 securities that traded. The junior index gained 4.42 points, to close at a record 2,366.31 and is up 31.9 percent ahead of the close of 2015.
Trading volume and value rose from Tuesday’s levels, ending with 759,344 units changing hands, 54 percent more than on Tuesday, while the value traded climbed by 71 percent to $3,870,697, from $2,264,166 on Tuesday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $90 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units compared with the last sale of $2.49. There were no bids to buy the stock at the close.
AMG Packaging lost 1 cent in ending trading at $17.51 with 591 units changing hands, Blue Power closed at $25 with 8,500 units changing hands, Caribbean Cream gained 50 cents with 32,400 shares changing hands to close at $9.50, Consolidated Bakeries slipped 5 cents in trading 37,949 shares to close at $2.45. General Accident fell 10 cents and ended at $2.20 with 52,600 shares changing hands,
Honey Bun with 16,248 shares changing hands and closed at $6, Jetcon Corporation had just 30,993 units changing hands, to end at $4.70, Lasco Distributors closed with a loss of 5 cents as 130,170 units traded at $7. Lasco Financial ended with 124,025 shares changing hands at $3.05, after declining by 17 cents, Lasco Manufacturing rose 2 cents and closed at $5 with 252,795 shares trading. Medical Disposables traded 44,073 shares to end at a new record high of $4.36 trading as high as $4.60 but gained just 1 cent at the close, Sweet River Abattoir with 24,000 units traded with a rise of 1 cent to end at $3.85 and tTech ended with 5,000 shares changing hands at $6.50.
Record close for juniors – Tuesday
Blue Power closed at a new high of $25 on Tuesday.
The market closed with 7 stocks rising, while 5 declined out of 14 securities that traded. The junior index gained 20.94 points, to close at a record 2,361.89 and is up 31.9 percent ahead of the close of 2015.
Trading volume and value dropped sharply from Monday’s levels, ending with 494,666 units valued at units changing hands, 74 percent lower than on Monday, while the value traded dropped by 79 percent to $2,264,166, from $10,709,100 on Monday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 2 ending with lower offers.Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $91 to buy 3,000 units, with no units offered for sale, next in line to buy is 6,540 shares at $89, there were stocks offered for sale at the close. Key Insurance remains under pressure with the offer at $2.30 to sell 30,000 units and at $2.35 compared with the last sale of $2.49. There were no bids to buy the stock at the close.
AMG Packaging rose 1 cent and ended trading at $17.51 with 10,025 units changing hands, Blue Power climbed to new 52 weeks’ high of $25 with a rise of $4 as only 100 units changing hands, Caribbean Cream fell 10 cents with 20,100 shares changing hands to close at $9.
Caribbean Producers traded 135,746 units to end at $3.30 with the loss of 10 cents, C2W Music closed with a gain of 1 cent as 7,539 units changed hands to close at 24 cents, Consolidated Bakeries gained 25 cents in trading 135,825 shares to close at $2.50. Derrimon Trading ended at $4 with 12,360 shares changing hands, Jetcon Corporation had just 100 units changing hands, to end at $4.70, Lasco Distributors closed with 125,554 units trading and ended at $7.05. Lasco Financial ended with 16,097 shares changing hands at $3.22, after declining by 3 cents, Lasco Manufacturing fell 2 cents and closed at $4.98 with 2,278 shares trading and Medical Disposables traded 21,442 shares to end at a new record high of $4.35 after gaining 35 cents.
JSE majors retreat on Tuesday
Scotia Group dropped by $1 on the JSE on Tuesday.
At the close of the market, prices of 12 securities gained out of a total of 38 trading, while 15 declined in the overall market, including 7 stocks rising and 4 falling, in the junior market.
Caribbean Cement was the star performer with a dive of $4.40 to close at $29.50 during the day and closed with 67,176 shares changing hands while Carreras exchanged 1,349,963 shares at $65 with a loss of 25 cents.
At the close 3,375,381 units valued at $114,125,679, changed hands, compared to the 3,502,355 units valued at $25,804,167 changing hands on Monday. The junior market accounted for 494,666 units valued at $2,264,166 of the stocks traded.
The market index ended with sizable losses, with the JSE Market Index all Jamaica Composite Index dropping 1,595.99 points to close at 179,931.64 and the JSE combined index falling 1,108.42 points, to end at 174,438.21.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Cable & Wireless fell 5 cents and closed at 90 with 42,413 units changing hands. Grace Kennedy fell 50 cents and closed with 16,908 shares changing hands at $42, Jamaica Broilers had just 2,130 shares changing hands and dropped 95 cents to end at $14.55. Jamaica Stock Exchange ended at $28 with 14,727 units trading, JMMB Group traded 4,808 units and rose 60 cents to close at $10.90,
Margaritaville Turks traded 48,100 shares to close at 23 US cents after easing by 1 cent, National Commercial Bank fell 5 cents to $40.20 with 19,860 shares changing hands. Pan Jamaican Investment traded 19,860 shares to close $23.31 after falling 68 cents, 138 Student Living ordinary share traded at $4.80 while with 512,500 shares changing hands, Portland JSX closed at $11 after trading 24,700 shares, Radio Jamaica traded 95,519 shares and lost 9 cents to land at $1.31. Sagicor Group rose 19 cents in trading 602,900 shares to close at $23.51, Sagicor Real Estate Fund traded 49,223 shares to close with at $10.20, Scotia Group lost $1 and closed at $29 with 40,289 shares changing hands and Supreme Ventures lost 5 cents to close at $4.80 with 14,000 shares
JSE resumes rally – Monday
Carib Cement jumped $3.90 to end at $33.90 on Monday.
At the close of the market, prices of 19 securities gained out of a total of 40 trading, while 8 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
Caribbean Cement was the star performer with a jump of $3.90 to close at $33.90 during the day, but closed with 19,780 shares traded and JPSCo 7% preference share traded at a new high of 45 cents with a gain of 4 cents with just 1,278 shares changing hands.
At the close 3,502,355 units valued at $25,804,167, changed hands, compared to the 3,969,447 units valued at $48,456,543 changing hands on Tuesday. The junior market accounted for 1,873,272 units valued at $10,709,100 of the stocks traded.
The market index ended with moderate losses, the JSE Market Index rose 1,135.08 points to end at 163,359.75. The all Jamaica Composite Index climbed 1,269.42 points to close at 181,527.63 and the JSE combined index gained 1,119.65 points, to end at 175,546.63.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments traded 17,844 shares and rose 40 cents to close at $4.05, Berger Paints gained 1 cent to close at $5.11 with 13,263 units changing hands, Cable & Wireless closed at 95 with 14,700 units changing hands. Carreras exchanged 11,114 shares at $65.25 with a loss of 25 cents, Grace Kennedy closed with 6,564 shares changing hands at $42.50, Jamaica Broilers had 38,501 shares changing hands and gained 50 cents to end at $15.50. Jamaica Producers ended at $8.40 with 1,600 units trading,
JMMB Group traded 9,754 units and rose 30 cents to close at $10.30, Margaritaville Turks traded 31,000 shares to close at a 52 weeks’ high of 24 US cents after rising by 2 cents, National Commercial Bank rose 14 cents to $40.25 with just 800 shares changing hands. Portland JSX closed at $11 after trading 8,400 shares. Radio Jamaica traded 13,572 shares and lost 3 cents to land at $1.40, Sagicor Group rose 1 cent in trading 90,934 shares to close at $23.51, Sagicor Real Estate Fund traded 49,223 shares to close with at $10.20, Scotia Group closed at $30 with 7,620 shares changing hands. Proven Investments traded 238,280 shares to close at 19.99 US cent and JMMB Group 7.50% preference share traded 500,000 units at $1.10.