Falling stocks hit JSE main market hard – Friday

The Jamaica Stock Exchange main market dropped on Friday, with falling stocks beating out advancing stocks more than 2 to 1.
The market ended, with 38 securities trading in the main and US dollar markets, leading to 10 securities advancing, 22 declining and 6 trading firm, compared to 39 securities trading on Thursday.
At the close, the All Jamaican Composite Index dropped 2,998.29 points to close at 576,618.48, the JSE Index fell 2,724.67 to 524,971.18 and the JSE Financial Index eased 0.30 point to end at 143.45.
Market activity ended with, 63,085,464 units valued $295,520,034, in contrast to 112,036,085 units valued at $229,695,201 crossing the main market on Thursday.
Wigton Windfarm was the leading trade with 33.8 million units accounting for 54 percent of total volume, Sagicor Select Fund followed with 19 million shares accounting for 30 percent of the day’s trade and Jamaica Broilers with 3.6 million shares for 5.6 percent of the main market’s volume.
Trading closed with an average 1,752,374 units valued at $8,208,890 for each security traded, in contrast to 3,028,002 units for an average of $6,207,978 on Thursday. The average volume and value for the month to date amounts to 2,063,336 units valued at $11,963,163 and previously, 2,084,261 units valued at $12,234,013. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8  stocks ending with bids higher than their last selling prices and 5 with a lower offer.
In the main market activity, Barita Investments jumped $4.25 to end at $74.75 in trading 23,880 shares, Berger Paints gained $1 to close at $19 trading 80,204 shares, Eppley lost 60 to settle at $16.40 with 20,000 shares changing hands, Grace Kennedy dipped $1.10 to settle at $69.90 with an exchange of 29,028 shares. Jamaica Broilers traded 3,581,466 shares and declined $2 to settle at $33, Jamaica Stock Exchange dropped $1.49 to end at $31, trading 12,183 shares, JMMB Group lost 95 cents to end at $52 with 92,264 stock units trading, Kingston Properties declined $1.50 to close at $6 while exchanging just 2,000 shares. Kingston Wharves dived $6 trading 14,283 shares to close at $63, Mayberry Jamaican Equities exchanged 11,285 stock units with a loss of 90 cents to close at $12, NCB Financial lost $1 to settle at $210 with 107,367 shares changing hands. Sagicor Group shed $1.50 to close at $74 with 87,490 stock units trading, Salada Foods shed $1 to settle at $32 with 14,378 shares changing hands, Scotia Group dropped $1 to end at $55, trading 550,220 shares. Seprod lost $2 to settle at $52 with 49,815 shares changing hands, Supreme Ventures rose $1 to end at $27, in trading 131,179 shares and Sygnus Credit Investments added 23 cents to settle at $23.08 with 125,100 shares changing hands.
Trading in the US securities market resulted in 746,926 units valued at $103,603 changing hands. Proven Investments closed at 26 US cents with an exchange of 21,000 shares and Sygnus Credit Investments rose 0.5 cent in trading 725,926 shares to close at 13.5 US cents, leading the JSE USD Equities Index to lose 0.05 points to close at 193.66.

JSE main market pulls back – Tuesday

The Jamaica Stock Exchange main market pulled back from the big gains on Monday, with declining stocks crushing advancers 5 to 2.
The market ended, with 40 securities trading in the main and US dollar markets, leading to 8 securities advancing, 20 declining and 12 trading firm, compared to 38 securities trading on Monday.
At the close of trading, the All Jamaican Composite Index dipping 416.40 points to 583,146.86, the JSE Index falling 378.40 points to end at 530,916.10 and the JSE Financial Index eased 0.01 point to end at 144.85.
Shares totaling 46,422,862 units valued at $317,831,700 crossed the main market on Tuesday, compared to 62,418,753 units valued at $201,661,918 changing hands on Monday. Sagicor Select Fund was the leading trade with 24.7 million units accounting for 53 percent of total volume, Wigton Windfarm followed with 15.2 million shares accounting for 33 percent of the day’s trade and Carreras with 1.1 million shares for 2.4 percent of the main market’s volume.
Trading closed with an average of 1,289,524 units valued at an average of $8,828,658 for each security traded, in contrast to 1,642,599 units valued at $5,306,893 on Monday. The average volume and value for the month to date amounts to 2,066,282 units valued at $12,994,084 and previously, 2,131,616 units valued at $13,376,623. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8  stocks ending with bids higher than their last selling prices and 2 with a lower offer.
In the main market activity, Barita Investments dropped $2.90 to end at $87 with 12,289 stock units changing hands, Caribbean Cement gained $4.50 trading 6,400 units to end at $84.50, Grace Kennedy lost 95 cents trading 322,997 shares and ended at $71, Jamaica Broilers fell $1 to close at $34, with 312,672 stock units changing hands. Jamaica Producers lost $1.29 ended trading with 79,503 shares, at $26.71. Kingston Wharves rose $2.59 in ending trading of 963,108 shares, to end at $69, Mayberry Investments lost 84 cents in exchanging 2,500 shares to close at $9.15, Mayberry Jamaican Equities lost $1 trading 60,300 shares to close at $12. NCB Financial dropped $7 trading 220,273 shares to close at $208. Portland JSX rose 35 cents in trading 4,500 stock units at $7.88, Sagicor Group traded 37,004 shares and declined $1 to end at $75, Salada Foods fell $1 to close at $33 with just 400 units trading, Scotia Group added $1.99 to end at $56.99 with 101,771 shares changing hands. Seprod traded 1,022,951 stock units but fell 79 cents to close at $51.01, Stanley Motta rose 40 cents in closing at $6 while swapping 1,200 stock units, Supreme Ventures lost 50 cents to settle at $27.50 with 235,920 shares changing hands and Sygnus Credit Investments lost 53 cents trading 28,633 units to close at $23.48.
Trading in the US securities market resulted in 95,066 units valued at $18,066 changing hands. JMMB Group 6% preference share traded 2,000 units at US$1, Proven Investments lost 1 cent to close at 26 US cents with an exchange of 55,645 shares, Sterling Investments concluded trading 5,500 stock units at 3.5 US cents and Sygnus Credit Investments traded 96,539 shares to close at 13 US cents. The JSE USD Equities Index lost 2.07 points to close at 194.39.

Big surge in JSE main market – Monday

The Jamaica Stock Exchange main market made big gains at the close on Monday, with the All Jamaican Composite Index surging 10,406.91 points to 583,563.26 and the JSE Index jumping 9,457.20 points to end at 531,294.50.
At the close of trading, the JSE Financial Index rose 1.82 points to end at 144.86.
Shares totaling 62,418,753 units valued at $201,661,918 crossed the main market on Monday, compared to 187,828,591 units valued $1,490,463,769 changing hands on Friday.
Wigton Windfarm was the leading trade with 35.6 million units accounting for 57 percent of total volume. Sagicor Select Fund followed with 22.4 million shares accounting for 36 percent of the day’s trade and Mayberry Jamaican Equities with 1.7 million shares for 3 percent of the main market’s volume.
The market ended, with 40 securities trading in the main and US dollar markets, leading to 18 securities advancing, 13 declining and 9 trading firm, compared to 38 securities trading on Friday.
Trading closed with an average of 1,642,599 units valued at $5,306,893 for each security traded, in contrast to 5,366,531 units valued at $42,584,679 on Friday. The average volume and value for the month to date amounts to 2,131,616 units valued at $13,376,623 and previously, 2,179,264 units valued at $14,242,866. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3  stocks ending with bids higher than their last selling prices and 2 with a lower offer.
In the main market activity, Barita Investments gained $1.90 to end at $89.90 with 12,263 stock units changing hands, Caribbean Cement gained $2.50 trading 95,327 units to end at $80, Grace Kennedy climbed $2.95 trading 6,571 shares and ended at $71.95, Jamaica Broilers rose $1 to close at $35, with 2,564,812 stock units changing hands. Jamaica Producers gained $1.35 ended trading with 6,148 shares, at $28, Jamaica Stock Exchange had 117,542 shares changing hands with a gain of $1.10 in ending at  $30.90, JMMB Group gained $2.50 to end at $52.50 with  382,537 stock units trading, Kingston Properties rose 50 cents trading 1,500 shares to close at $7.50. Kingston Wharves ended trading with 10,163 shares, after declining by $2.59 to end at $66.41, Mayberry Investments rose $1.18 and exchanged 12,661 shares to close at $9.99, Mayberry Jamaican Equities added 90 cents in exchanging 1,660,033 shares to close at $13. NCB Financial climbed $7 trading 166,193 shares to close at $215. Proven Investments fell $1 in trading 650 stock units at $40, Scotia Group shed $1 to end at $55 with 85,932 shares changing hands, Stanley Motta lost 55 cents in closing at $5.60 while swapping 13,000 stock units. Sygnus Credit Investments gained $1.01 trading 66,285 units to close at $24.01 and Wisynco Group lost $1.50 to settle at $24 with 195,523 shares changing hands.
Trading in the US securities market resulted in 95,066 units valued at $18,066 changing hands. Proven Investments inched just 0.01 cent higher, to close at 27 US cents, with an exchange of 42,576 shares and Sygnus Credit Investments traded 52,490 shares to close at a 52 weeks’ high of 13 US cents. The JSE USD Equities Index lost 2.07 points to close at 194.39.

Trading jumps on JSE main market

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Wigton closed at anew high of $1

Wigton closed at anew high of $1 on Friday.

The main market of the Jamaica Stock Exchange pulled back at the close on Friday as several one-off trades pushed the volume and value traded sharply higher than on Thursday.
Shares totaling 187,828,591 units valued $1,490,463,769 traded in the main market compared to 104,310,618 units valued $281,870,824 changing hands on Thursday.
Wigton Windfarm was the leading trade with 107.65 million units accounting for 57 percent of total volume. Sagicor Select Fund followed with 31 million shares accounting for 17 percent of the day’s trade and Carreras with 22 million shares for 12 percent of the volume with Wisynco Group trading 8.2 million units for 4 percent of total volume and Carribean Cement traded 7.3 million units for 4 percent to main market’s volume.
At the close of trading, the JSE All Jamaican Composite Index dropped 3,248.84 points to 575,196.79, the JSE Index dived 2,952.36 points to close at 523,691.53 and the JSE Financial Index rose 0.38 points to end at 143.79.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 17 securities advancing, 14 declining and 7 closing with prices unchanged, compared to 37 securities trading on Friday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of $1 and Stanley Motta at $6.15.
The market closed with an average of 5,366,531 units valued at $42,584,679 for each security traded, in contrast to of 3,160,928 units valued at $8,541,540 on Thursday. The average volume and value for the month to date amounts to 2,179,264 units valued at $14,242,866 and previously, 1,865,027 units valued at $11,133,262. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9  stocks ending with bids higher than their last selling prices and 1 with a lower offer.
In the main market activity, Barita Investments lost $1 to end at $88 with 54,976 stock units changing hands, Caribbean Cement gained 50 cents trading 7,299,853 units to end at $77.50, Grace Kennedy lost $1 trading 133,845 shares and ended at $69, Jamaica Broilers rose $1 to close at $35, with 2,564,812 stock units changing hands. Jamaica Producers ended trading with 2,571,345 shares, but fell $1.71 to end at $26.65, JMMB Group gained 30 cents to end at $50 with 567,353 stock units trading, Kingston Wharves ended trading with 65,508 shares, after rising $2 to end at $69. NCB Financial lost $2 trading 92,431 shares to close at $208, Palace Amusement exchanged 129 shares but fell $400 to close at $2,100, PanJam Investment rose 99 cents to close at $105.99 with 192,765 stock units changing hands, Portland JSX ended trading with 5,800 shares and rose 35 cents to end at $7.55. Proven Investments rose $1 in trading 7,230 at $41, Sagicor Group jumped $2.20 in trading 392,582 shares to close at $76, Scotia Group climbed $1.99 to $56 with 25,966 shares changing hands, Seprod lost 39 cents in trading  1,562,565 shares at $51.60, Stanley Motta gained 65 cents in closing at an all-time high of $6.15 while swapping 242,427 stock units. Supreme Ventures rose $1 to close at $28 with an exchange of 250,878 shares, Sygnus Credit Investments fell $1 in trading 130,773 units to close at $23 and Wisynco Group climbed 50 cents to settle at $25.50 with 8,210,330 shares changing hands.
Trading in the US securities market resulted in 660,824 units valued US$86,326 changing hands. JMMB Group 6% preference shares rose one cent in exchanging 3,474 units to close US$1, Proven Investments inched just 0.49 cent higher to close at 26.99 US cents with an exchange of 1,000 shares and Sygnus Credit Investments traded 656,350 shares and rose 1 cent to close at 13 US cents. The JSE USD Equities Index advanced 1.64 points to close at 196.46.

Prices mostly up for JSE main market

Sagicor Select Fund dominated volume traded on Thursday.

The main market of the Jamaica Stock Exchange recorded gains at the close on Thursday that failed to erase the more than 3,800 points drop in the two main market indices on Wednesday.
At the close of trading, the JSE All Jamaican Composite Index climbed 2,632.81 points to 578,445.63, the JSE Index advanced by 2,392.55 points to close at 526,643.89 and the JSE Financial Index rose 0.53 points to end at 143.41.
Trading ended with 37 securities trading in the main and US dollar markets, leading to 15 securities advancing, 13 declining and 9 trading firm, compared to 38 securities trading on Thursday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of 97 cents.
Shares totaling 104,310,618 units valued $281,870,824 traded, compared to 227,434,323 units valued at $478,562,750 changing hands on Wednesday. Sagicor Select Fund was the leading trade with 60.7 million units accounting for 58 percent of total volume. Wigton Windfarm followed with 37 million shares accounting for 36 percent of the day’s trade and Wisynco Group with 1 million shares for one percent of the volume.
The market closed with average of 3,160,928 units valued at $8,541,540 for each security traded, in contrast to of 6,317,620 units valued at an average of $13,293,410 on Wednesday. The average volume and value for the month to date amounts to 1,865,027 units valued at $11,133,262 and previously, 1,732,217 units valued at $11,432,307. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4  stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments gained $1 to end at $89 with 39,386 stock units changing hands, Caribbean Cement lost 50 cents trading 17,542 units to end at $77, Jamaica Broilers ended with a loss of $1 at $34, with 43,553 stock units changing hands. JMMB Group gained $1.20 to end at $49.70 with 679,242 stock units trading, Jamaica Producers ended trading with 938 shares, after rising 36 cents to end at $28.36, Kingston Wharves ended trading with 4,885 shares, after rising 59 cents to end at $67. Mayberry Investments lost 50 cents in trading of 61,476 units at $9.50, NCB Financial lost $4 trading 44,927 shares to close at $210, PanJam Investment ended with a loss of $1 at $105 with 150,865 stock units changing hands, Pulse Investments ended trading with 50,000 shares and rose 60 cents to end at $3.60. Scotia Group climbed $1.01 to $54.01 with 68,815 shares changing hands, Supreme Ventures ended with a loss of $1 at $27 with an exchange of 138,518  shares, Sygnus Credit fell 50 cents in trading of 105,993 units to close at $24 and Wisynco Group climbed $1.50 to settle at $25 with 1,050,510 shares changing hands.
Trading in the US securities market resulted in 312,334 units valued US$54,416 changing hands. JMMB Group 5.75% preference shares traded 2,184 shares to close US$2, JMMB Group 6% preference shares rose one cent in exchanging 1,500 units to close US$1, Proven Investments inched just 0.04 cent higher to close at 26.50 US cents with an exchange of 77,300 shares and Sygnus Credit Investments traded 231,350 shares to close at 12 US cents. The JSE USD Equities Index advanced 1.20 points to close at 194.82.

Big price declines sink JSE on Wednesday

 

The main market of the Jamaica Stock Exchange failed to benefit from the improved profit results reported by companies ahead of trading, as the market pulled back with the heavily weighted NCB Financial falling $4 along with large declines by others that had reported results days earlier.
At the close of trading, the JSE All Jamaican Composite Index dropped 4,286.79 points to close at 575,812.82, the JSE Index shed 3,895.59 points to end at 524,251.34 and the JSE Financial Index lost 1.48 points to end at 142.88.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 14 securities advancing, 19 declining and 9 trading firm, compared to 42 securities trading on Wednesday.
At the close of trading, Palace Amusement jumped $550 to trade at a record high of $2,500 but with just 100 shares changing hands and Wigton Windfarm but ended trading at a 52 weeks’ closing high of 93 cents but recovered slightly by the close after it traded at a high of 98 cents for the day.
Shares totaling 227,434,323 units valued at $478,562,750 traded, compared to 105,567,277 units valued $1,138,000,566 changing hands on Tuesday. Fresh from Wigton Windfarm reporting 3.3 cents earnings per share for the June quarter, investors dived in and pushed the price up to close at a record of 93 cents with the stock being the leading trade with more than 118 million units accounting for 52 percent of total volume. Sagicor Select Fund followed with 102 million shares accounting for 45 percent of the day’s trade and Radio Jamaica with 1.6 million shares for less than one percent.
The market closed with an average of 6,317,620 units valued at an average of $13,293,410 for each security traded. In contrast to 2,706,853 units for an average of $29,179,502 on Tuesday. The average volume and value for the month to date amounts to 1,732,217 units valued at $11,432,307 and previously, 1,155,033 units valued at $11,164,308. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost $1 to end at $88 with 11,682 shares changing hands, Caribbean Cement gained 50 cents to end at $77.50 with 73,059 units changing hands, Grace Kennedy fell $1.90 in trading of 8,310 units at $70.10, Jamaica Broilers exchanged 42,145 shares and added $1 to close at $35. Jamaica Producers gained $1.35 cents in trading 13,251 shares to end at $28, JMMB Group fell $1.75 trading 262,330 shares to end at $48.50, Kingston Wharves shed $1.59 while trading 135 shares to end at $66.41, Mayberry Investments rose $1 in closing at $10 with 76,592 shares changing hands, NCB Financial lost $4 in exchanging 234,263 units to close $214. PanJam Investment added $5 in trading of 343,829 units at $106, Pulse Investments fell 70 cents in exchanging 463,377 shares at $3, Sagicor Group closed trading of 277,884 units but declined $1 to end at $74. Scotia Group dropped $1 to close at $53 in trading of 266,479 units, Seprod dipped $3 in trading 94,787 shares to end at $52, Sygnus Credit Investments rose 95 cents in trading 66,430 shares to end at $24.50 and Wisynco Group fell 50 cents to $23.50 after exchanging 311,397 units.
Trading in the US securities market resulted in 55,600 units valued US$7,724 changing hands. Proven Investments inched just 0.01 of a cent and closed at 26.01 US cents with an exchange of 7,200 shares and Sygnus Credit Investments lost 0.50 cents trading 48,400 shares to close at 12 US cents. The JSE USD Equities Index advanced 0.97 points to close at 193.62.

JSE trading set to explode on Wednesday?

Wigton posted a big jump in profit and should light a fire under the JSE.

The Jamaica Stock Exchange seems set to enjoy a big blast on Wednesday following the release of strong results by a number of companies after the market closed on Tuesday, with modest gains in the market indices.
At the close of trading, the JSE All Jamaican Composite Index added 254.37 points to close at 580,099.61, the JSE Index rose 231.16 points to 528,146.93 and the JSE Financial Index lost 0.31 points to end at 144.36.
Trading ended with more stocks rising than falling with 42 securities trading in the main and US dollar markets, leading to 19 securities advancing, 14 declining and 9 closing with no price change, compared to 37 securities trading on Tuesday.
At the close of trading, Palace Amusement traded at a record high of $1,950 but JMMB Group 7.5% preference shares traded at a 52 weeks’ low of 75 cents but recovered slightly by the close.

PanJam is another main market stock to post a big jump in profits.

Shares totaling 105,567,277 units valued $1,138,000,566 traded, compared to 65,134,390 units valued at $273,353,099 changing hands on Monday.  Sagicor Select Fund led trading with 57.2 million units for 54 percent of total volume, Wigton Windfarm followed with 22.3 million shares accounting for 21 percent of the day’s trade, Supreme ventures with 10 million shares for 9.5 percent of total main market volume. Other stocks trading over one million shares are, Ciboney, Mayberry Investments, NCB Financial, Radio Jamaica, Sagicor Group and Scotia Group.
The market closed with an average of 2,706,853 units valued at $29,179,502 for each security traded. In contrast to 1,915,717 units valued at an average of $8,039,797 on Monday. The average volume and value for the month to date amounts to 1,155,033 units valued at $11,164,308 and previously, 901,009 units valued at $7,834.486. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments lost 98 cents to end at $89 with 24,197 shares changing hands, Caribbean Cement ended with a loss of $2 at $77 with 20,957 stock units changing hands, Carreras shed 74 cents to end at $8 with 781,375 stock units trading, Grace Kennedy climbed $2.50 in trading of  823,511 units at $72. Jamaica Broilers exchanged 81,295 shares but dropped $1 to close at $34, Jamaica Producers lost 35 cents trading 28,686 shares to end at $$26.65, Jamaica Stock Exchange jumped $4.19 trading 68,286 shares to end at $29.94, Kingston Properties lost $1 in closing at $7 after exchanging 18,485 shares. Kingston Wharves gained $2.16 while trading 12,263 shares to end at $68, Mayberry Jamaica Equities rose $1.10 in closing at $12.10 with 812 shares changing hands, NCB Financial lost $2 in exchanging 1,553,334 units to close $218. Palace Amusement traded just 100 shares and jumped $450 to close at a record high of $1,950, PanJam Investment added $1 in trading of 379,101 units at $101, Portland JSX recovered the 35 cents lost on Monday in exchanging 29,385 shares at $7.90, Proven Investments closed trading of 37,487 units and gained $3 to end at $40. Scotia Group dropped $2.60 to close at $54 in trading of 1,556,853 units, Seprod dipped $1 in trading 17,941 shares to end at $55, Sygnus Credit Investments lost 40 cents in trading 650,915 shares to end at $23.55 and Wisynco Group jumped $4.08 to $24 after exchanging 279,826 units.
Trading in the US securities market resulted in 36,715 units valued $5,737 changing hands. Margaritaville traded with 8,925 shares to settle at 25 US cents, Proven Investments gained 2 cents and closed at 26 US cents with an exchange of 240 shares and Sygnus Credit Investments traded 27,550 shares at 12.5 US cents. The JSE USD Equities Index advanced 6.09 points to close at 192.65.

Barita up 593% top 2018 JSE stock

Barita climbs to a new closing high of $50 on Friday to gain 593% in 2018..

Stocks on the Jamaica Stock Exchange main market ending 2018 with a credible gain of 31.7 percent but brokerage house Barita Investments surged a by a huge 593 percent to be the markets best performing stock in 2018.  
Barita Investments gain mostly came after Cornerstone Investment Holdings officially sealed the deal to take over the company and laterally, after announcing a rights issue to shareholders at an exercise price of $15.50. The stock closed the year at $52. But there is a lot more going on with this company as the new majority owners take a more aggressive approach to capture more business locally and within the wider Caribbean.
Four stocks end 2018 with gains of more than 100 percent contributed to the year’s performance but the year’s movement fell below that of 2017, when the index rose 50.7 percent. The next best performer could only deliver a 211 percent rise in contrast to the stunning gains by Barita. Salada Foods ended the year with a jump in price to $35 on strong gains in profit, to capture the number 2 best performing spot rising by 211 percent for the year, followed by Palace Amusement with gains of 159 percent, the third year in a row that it is occupying the top 10 list. Kingston Wharves grew 135 percent to be one of 4 stocks to reappear in the top 10 for two consecutive years. Jamaica Broilers gained 67 percent. Pulse Investments reappeared in the Top 10 with a rise of 66 percent and heavy weight, PanJam Investment put in a strong showing of 65 percent, while Supreme Ventures chipped in with 57 percent, Mayberry Investments rose 52 percent and NCB Financial with 50 percent to retain one of the Top 10 spots for the second year in a row.
The worst performing stocks included Ciboney down 71 percent due mainly to the sale of property it previously owned with most of the proceeds distributed as a dividend thus reducing the value of its assets to a few million dollars. 138 Student Living was next with a fall of 42 percent with Portland JSX ending with a loss for the year of 25 percent following on from Kingston Properties with 22 percent and Sygnus Credit Investments with 20 percent from it 2018 IPO price. Both Ciboney and Carreras that are in the top 10 worst performing stocks in 2018 are coming from the top 10 in 2017.

Investors shun Junior stocks for the oldsters

Black Panther mash up Palace bottom-line with a huge increase in profit that pushed to stock to no 1 for 2018 in the main market.

Investors shunned Junior Market stocks in 2018 for the older more established Main market stocks. At least that is what the data from the exchange is showing.
According to the Jamaica Stock Exchange report of trading to the end of July, volume and value on the main market is up while that on the junior market is well down on 2017 figures, even as the gains in the overall market shows juniors up 14 percent for the year to the end of July and 9 percent for the main market.
Junior Market volume is down year to July by a stunning 69 percent to 571 million units while the value fell 64 percent to $2.69 billion, less than half of the $6.6 billion traded for all of 2017. In contrast main market stocks traded 1.57 billion units, up 28.5 percent over 2017, for a total value of $32 billion, a strong 79.4 percent increase over 2017 and just shy of the $35.7 million traded for all of 2017.
The big winners for the year to July are, Palace with an increase of 154 percent, that was helped by the huge success of the Black Panther film that ran for several months, Pulse Investments up 67 percent, Kingston Wharves 60 percent, Jamaica Broilers 45 percent and Salada Foods 41 percent, as investors responded to improved profit. In the Junior Market, C2W Music and Derrimon Trading beat all others by huge margins, rising 233 percent after it announced a 10 to 1 stock split and 197 percent respectively. Express Catering climbed 86 percent, Stationery and Office Supplies up 65 percent and CAC 2000 up 51 percent.
The big losers in the main market are, Ciboney, having sold off the property it owned and paid out most of the proceeds as a dividend is down 68 percent, 138 Student Living fell 35 percent, Kingston Properties 31 percent, Wisynco Group 24 percent, Portland JSX 20 percent and in the Junior Market, GWEST Corporation down 36 percent, AMG Packaging 33 percent, tTech 23 percent, Knutsford Express 23 percent and Eppley 17 percent.

JSE majors up 2561 points for week – Friday

The Jamaica Stock Exchange pulled back at the close of trading on Friday as declining stocks was 60 percent more than as those advancing to end a week that had 2 days of new record close and still ended the week 2,561 points ahead of the close of the previous week.
At the close of trading, the All Jamaican Composite Index declined 471.19 points to 333,056.79 while the JSE Index slipped 429.31 points to close at 303,452.35.
Just 26 securities traded on Thursday, resulting in 9 advancing, 15 declining and 2 remaining firm resulted in activity amounting to just 2,827,566 units valued at $112,242,230.
In market activity, Berger Paints fell 50 cents and ended at $20.50, with 102,177 stock units, Carreras lost 28 cents in concluding trading at $10, with 171,700 units, Caribbean Cement jumped $2 to $42 while trading 289,511 shares, Ciboney Group rose 1 cent to settle at 13 cents, trading 100,000 shares, Grace Kennedy gained 50 cents and ended trading at $50.50, with 5,120 shares. Jamaica Broilers declined by 90 cents, trading 25,789 stock units to end at $22.10, with, Jamaica Producers gained 10 cents and finished trading at $16.95, with 1,654 units, Jamaica Stock Exchange closed at $7.20, with 2,500 shares after rising 17 cents, JMMB Group ended at $29.45, trading 219,128 shares with a rise of 45 cents. Kingston Properties fell 35 cents concluded trading at 52 weeks’ low of $5, with 6,000 shares, Kingston Wharves fell 35 cents and finished at $45.65, with 26,730 stock units changing hands, Mayberry Investments shed 44 cents and settled at $6.06, with 26,247 units, NCB Financial Group shed 49 cents and ended trading at $99.50, with 766,949 shares. 1834 Investments traded at $1.09 after rising 3 cents with 30,000 shares changing hands, 138 Student Living lost 8 cents and settled at $4.60, with 1,000 units, PanJam Investment closed at $51.45, with 27,225 stock units, Portland JSX lost 87 cents to end at $9.25, with 10,000 units, Radio Jamaica finished at $1.05, with 71,058 shares. Sagicor Group settled at $38.15 and lost 95 cents after trading 73,246 shares, Sagicor Real Estate Fund eased 1 cent and settled at $13.79, with 14,201 shares. Scotia Group rose 57 cents in closing trading at $50.60, with 46,014 units, Sterling Investments dropped $2.50 and closed at $9.50, with 591 shares, Supreme Ventures lost 30 cents and ended at $14.20, with 72,325 shares. Victoria Mutual Investments concluded trading with a fall of 10 cents at $4, exchanging 568,164 stock units and Wisynco Group rose 4 cents, finishing at $9.84, with 169,237 units. In the main market preference segment, JMMB Group 7.5% lost 4 cents and finished at $1.04, with 1,000 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE stocks down again – Friday .”