Kingston Properties

Main Market trading plummets

January 10, 2025 by IC Insider.com

Main Market trading plummeted on the Jamaica Stock Exchange on Friday, as the market gained strength from rising prices, following the volume of stocks exchanged declined 69 percent and the value 78 percent lower than on Thursday, resulting from trading in 55 securities from 61 on Thursday, with prices of 20 rising, 23 declining and 12 ending unchanged.

The market closed with the trading of 8,555,361 shares with a value of $62,855,712 down from 27,432,042 stock units valued at $280,889,896 on Thursday.
Trading averaged 155,552 shares at $1,142,831 a drop from 449,706 stocks at $4,604,752 on Thursday and month to date, an average of 268,076 stock units at $1,799,678 compared with 284,939 shares at $1,898,115 on the previous day and December with an average of 967,720 stock units at $18,390,902.
Wigton Energy led trading with 2.01 million shares for 23.5 percent of total volume followed by Transjamaican Highway that ended with 1.44 million stocks for 16.9 percent of the day’s trade and Sagicor Select Financial Fund with 1.01 million stock units for 11.8 percent of the overall volume.
The All Jamaican Composite Index advanced 2,396.34 points to wrap up trading at 385,186.28, the JSE Main Index gained 1,694.68 points to end at 333,720.00 and the JSE Financial Index increased 0.68 points to end the day at 67.73. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 15.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the Main Market, Carreras increased 41 cents to $14.60 with investors trading 183,376 shares, Jamaica Stock Exchange climbed 88 cents to $13.38 after a transfer of 9,841 stock units, Kingston Properties rose 42 cents to finish at $8.92 after the trading of 2,330 shares. Mayberry Group gained 44 cents and ended at $8.44 with 14,579 stock units clearing the market, Mayberry Jamaican Equities skidded $2.60 to end at $9.20 in trading 30,264 shares, Pan Jamaican rose $6.87 to close at $57.89 with 174 units crossing the market. Proven Investments sank 42 cents to $19 as investors traded 1,014 stocks, Sagicor Group shed 38 cents and ended at $40.60 with 28,379 stock units crossing the market, Scotia Group advanced $1.30 to close at $52 with 415,924 shares switching owners. Seprod declined 70 cents to $85 with traders dealing in 36,298 stock units and Wisynco Group fell 48 cents to finish at $21.02 with 95,659 stocks changing hands.

In the preference segment, Jamaica Public Service 7% dipped $1.50 to end at $41.50 in an exchange of 652 stock units. Jamaica Public Service 9.5% rallied $265 to close at $2,696 with investors dealing in a mere one share and 138 Student Living preferred share rose $9.14 to $264.14 with only one stock passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, GraceKennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Palace leads trading on JSE Main Market

January 9, 2025 by IC Insider.com

Palace Amusement led trading with 38 percent of the volume on Thursday following the close of the Jamaica Stock Exchange Main Market, with the volume of stocks traded rising 240 percent and the value 253 percent more than on Wednesday, following the trading of 61 securities compared with 59 on Wednesday, with prices of 20 rising, 31 declining and 10 ending unchanged.

QWI Investments traded at a 52 weeks’ closing high of 98 cents and AS Bryden and Sons traded at an intraday 50 weeks’ low of $29.01.
The market closed with 27,432,042 shares trading for $280,889,896, up from 8,067,093 stock units at $79,460,205 on Wednesday.
Trading averaged 449,706 shares for $4,604,752 up from 136,730 stocks at $1,346,783 previously and month to date, an average of 284,939 stock units at $1,898,115 compared to 252,094 shares at $1,358,557 on the previous day and an average of 967,720 stock units at $18,390,902 in December.
Palace Amusement was the most heavily traded with 10.40 million shares for 37.9 percent of total volume followed by Jamaica Producers with 4.15 million stock units for 15.1 percent of the day’s trade, Victoria Mutual Investments contributed 2.71 million stocks for 9.9 percent market share, Transjamaican Highway chipped in with 2.57 million units for 9.4 percent market share, Wisynco Group delivered 2.05 million stock units for 7.5 percent of the market trade and Wigton Energy ended with 1.06 million stocks for 3.9 percent of total volume.
The All Jamaican Composite Index fell 109.32 points to wrap up trading at 382,789.94, the JSE Main Index skidded 742.17 points to close trading at 332,025.32 and the JSE Financial Index popped 0.14 points to finish trading at 67.05. The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 15.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the trading activity, Berger Paints dropped $1.01 and ended at $7.36 with investors trading a mere 163 stock units, Caribbean Cement lost $2.49 to close at $89 after an exchange of 7,506 units, Eppley popped $1 to end at $37 with 2,436 shares clearing the market. Eppley Caribbean Property Fund rallied $5.50 to close at $40 after an exchange of 124 stock units, First Rock Real Estate rose 44 cents to close at $9 with 1,173 shares crossing the market, GraceKennedy dipped $2.90 to finish at $75 with an exchange of 124,240 units. Guardian Holdings fell $1 to $309 with 64,339 stocks exchanging owners, Jamaica Broilers climbed 50 cents to end at $41.30 with investors dealing in 4,264 stock units, Jamaica Producers increased 35 cents to $24.35 with 4,150,415 shares passing through the market. Jamaica Stock Exchange slipped 89 cents and ended at $12.50 with 6,988 units switching owners, Massy Holdings sank $2 to close at $84 with investors trading 105,968 stocks, Mayberry Group skidded 40 cents to finish at $8 with 1,750 stock units crossing the exchange. Mayberry Jamaican Equities advanced 44 cents and ended at $11.80 in trading 693 shares, Pan Jamaican sank $5.62 to $51.02 with 753 stock units being traded, Sagicor Group gained $3.33 to finish at $40.98 in an exchange of 1,004,314 stocks. Scotia Group shed $1.30 to close at $50.70 with traders dealing in 56,885 units, Seprod rose $1.30 to close at $85.70 after a transfer of 1,706 shares and Supreme Ventures declined 41 cents to end at $22.59 with 64,867 stock units changing hands.
In the preference segment, Jamaica Public Service 7% advanced $1 in closing at $43 in an exchange of 1,125 units, Jamaica Public Service 9.5% sank $264 to $2,431 with investors swapping only 2 stocks, Productive Business Solutions 10.5% preference share skidded $48 to end at $1,070 with a transfer of 22 units and Sygnus Credit Investments C10.5% lost 35 cents to close at $104.65 as investors exchanged 3,208 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican grabs half of Main Market trades

January 8, 2025 by IC Insider.com

Transjamaican Highway grabbed the bulk of shares traded on Jamaica Stock Exchange Main Market on Wednesday but failed to drive the overall volume traded higher at the close of the market, resulting in a 69 percent decline in the volume changing hands with a slightly lower value than on Tuesday, resulting from trading in 59 securities down from 62 on Tuesday, with prices of 20 stocks rising, 26 declining and 13 ending unchanged.

The market closed with the trading of 8,067,093 shares at $79,460,205, well below the 26,059,234 stock units at $82,370,790 on Tuesday. Trading averaged 136,730 shares at $1,346,783 compared to 420,310 stocks at $1,328,561 on Tuesday and month to date, an average of 252,094 units at $1,358,557, down from 279,650 shares at $1,361,369 on the previous day and December with an average of 967,720 stock units at $18,390,902.

Transjamaican Highway was the lead trade with 3.77 million shares for 46.7 percent of total the volume followed by Wigton Energy with 1.61 million stocks for 20 percent of the day’s trade and Massy Holdings with 501,936 stock units for 6.2 percent market share.
The All Jamaican Composite Index sank 1,392.44 points to end at 382,899.26, the JSE Main Index dipped 1,037.13 points to 332,767.49 and the JSE Financial Index slipped 0.14 points to settle at 66.91. The Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and 10 with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the JSE Main Market, Berger Paints climbed $1.12 to end at $8.37 with 2,312 stocks crossing the exchange, Carreras declined 79 cents to close at $14.20 with 234,979 units changing hands, Eppley sank $1.40 to $36 after an exchange of 189 shares. Eppley Caribbean Property Fund shed 97 cents to close at $34.50 with 800 stock units passing through the market, First Rock Real Estate lost $1.33 and ended at $8.56 in an exchange of 1,300 shares, General Accident increased 35 cents to finish at $6.10 with 958 stock units being traded. GraceKennedy popped $2.90 and ended at $77.90 with a transfer of 23,486 units, Jamaica Producers skidded 65 cents to $24 to close with the trading of 24,118 stock units, Mayberry Jamaican Equities fell 45 cents to end at $11.36 with 402 shares switching owners. Pan Jamaica rallied $5.64 to close at $56.64 with traders exchanging 3,421 units, Sagicor Group dropped $2.35 to finish at $37.65 in an exchange of 20,207 stocks, Scotia Group sank $2 to close at $52 after the trading of 22,322 stock units. Supreme Ventures rose 82 cents to $23 after an exchange of 5,502 shares and Sygnus Credit Investments gained 50 cents to close at $12.90 with investors trading 17,783 stocks.
In the preference segment, Jamaica Public Service 7% dropped $1.95 and ended at $42 with 78 units clearing the market and 138 Student Living preference share advanced $29.75 to finish at $255 with investors trading a mere 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Wigton Energy powers up JSE Main Market

January 7, 2025 by IC Insider.com

Wigton Energy captures more than half of all shares traded on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 97 percent and the value 24 percent lower than on Monday, with trading in 62 securities compared with 63 on Monday, with prices of 21 stocks rising, 24 declining and 17 ending unchanged.

Trading ended with Carreras and Sagicor Select Manufacturing Funds closing at 52 weeks’ highs and Sterling Investments and QWI Investments trading at intraday 52 weeks’ highs.
The market closed with 26,059,234 shares trading for $82,370,790 compared with 13,256,994 stock units at $108,850,117 on Monday. Trading averaged 420,310 shares at $1,328,561 compared to 210,428 stocks at $1,727,780 on Monday and month to date, an average of 279,650 units at $1,361,369 compared with 232,510 shares at $1,372,365 on the previous day and December with an average of 967,720 stock units at $18,390,902.
Wigton Energy led trading with 14.10 million shares for 54.1 percent of total volume followed by Transjamaican Highway with 5.20 million stock units for 20 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund ended with 1.67 million stocks for 6.4 percent of the market volume, JMMB Group 7.35% – 2028 closed with 1.35 million units for 5.2 percent market share and QWI Investments with 1.01 million shares for 3.9 percent of total volume.
The All Jamaican Composite Index advanced 1,216.87 points to wrap up trading at 384,291.70, the JSE Main Index rallied 893.50 points to 333,804.62 and the JSE Financial Index slipped 0.40 points to settle at 67.05. The Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 15.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Barita Investments fell 40 cents to close at $73.60 with investors trading 509 shares, Caribbean Cement advanced 51 cents to $91.50 with 697 stocks crossing the market, Carreras rose 69 cents in closing at a 52 weeks’ closing high of $14.99 with investors swapping 612,858 shares. Eppley climbed $4.80 to finish at $37.40 and ended up closing after 2,156 stock units changed hands, Eppley Caribbean Property Fund dipped $1.53 and ended at $35.47 with 59 shares clearing the market, General Accident sank 36 cents to end at $5.75 with investors dealing in 30,605 stock units. GraceKennedy shed $2.95 to end at $75 in an exchange of 45,074 units, Jamaica Broilers increased $1.73 to finish at $40.99 with traders dealing in 33,971 stocks, JMMB Group popped 50 cents and ended at $21.40 after a transfer of 78,173 shares. Lasco Manufacturing rallied 40 cents to end at $8 with 214,975 stock units crossing the market, NCB Financial gained 48 cents to close at $51 with investors trading 87,010 stock units, Pan Jamaica declined $3 to close at $51 after an exchange of 11,613 units. Sagicor Group sank $1 to $40 with a transfer of 8,249 stocks, Scotia Group rose $1.50 to close at $54 after trading 27,388 units, Supreme Ventures skidded $1.52 and ended at $22.18 with an exchange of 32,736 shares. Sygnus Credit Investments lost 55 cents to end at $12.40 with 48,443 stock units passing through the market and Sygnus Real Estate Finance slipped 38 cents to close at $9.90 with trading in 612 shares.
In the preference segment, Eppley 7.75% preference share dropped $3.37 to finish at $19 with a mere 2 units crossing the exchange and 138 Student Living preference share fell $2.75 to $225.25 with 51 stocks switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

TransJamaican powers up Main Market

January 3, 2025 by IC Insider.com

Transjamaican Highway took a near 68 percent of the quantum of the stocks traded on the Main Market of the Jamaica Stock Exchange on Friday, helping to push the volume of stocks traded up 88 percent and the value 82 percent over Thursday, with a similar number of stocks trading to that on Thursday at 61, with prices of 21 rising, 20 declining and 20 ending unchanged.

The market closed following the trading of 19,423,907 shares for $93,678,407 up from 10,333,431 units at $51,358,952 on Thursday. Trading averaged 318,425 shares at $1,535,712 up from 169,401 stocks at $841,950 on Thursday. Trading for the month to date, averaged 243,913 stock units with a value of $1,188,831, compared with an average of 967,720 stocks at $18,390,902 in December.
Transjamaican Highway was the leading traded stock with 13.10 million shares for 67.5 percent of total volume followed by QWI Investments with 1.39 million stocks for 7.1 percent of the day’s trade, Wigton Energy with 1.38 million units followed for 7.1 percent market share and Sagicor Select Manufacturing & Distribution Fund with 1.16 million shares for 6 percent of total volume.
The All Jamaican Composite Index increased 1,538.96 points to close trading at 388,467.46, the JSE Main Index increased 674.92 points to 336,801.34 and the JSE Financial Index gained 0.04 points to end at 68.08. The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of trading on Friday, Caribbean Cement skidded $5.05 to $86 with 5,551 stocks crossing the market, Carreras popped $1.23 to end at a 52 weeks’ high of $14.48 but traded as high as $15, with 900,914 units traded, First Rock Real Estate sank 45 cents to $9 after an exchange of 14,020 shares. GraceKennedy dipped 67 cents and ended at $78.28 with 8,671 stock units traded, JMMB Group advanced 99 cents to finish at $22.17 with 31,938 shares switching owners, Kingston Properties lost $1.37 to close at $8.22 with 4,607 stock units crossing the exchange. Massy Holdings dropped $3.05 to $84 with a transfer of 485 units, NCB Financial shed 37 cents to finish at $50.53 with investors swapping 130,892 stocks, Pan Jamaica rose $5.46 and ended at $57.96 with 2,731 shares passing through the market. Sagicor Group declined $1.40 to $40 with investors trading 10,183 units and Wisynco Group gained 40 cents to close at $21.90 with an exchange of 19,119 stocks.
In the preference segment, Jamaica Public Service 7% rallied $5.55 to close at $40.55 with 100 stock units clearing the market. Jamaica Public Service 9.5% increased $45 to $2,695 with investors trading 9 shares, 138 Student Living preference share climbed $33 to finish at $228 with a mere 2 stocks crossing the exchange and Sygnus Credit Investments C10.5% increased $3.62 ending at $105 in an exchange of 43 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market trading drops into 2025

January 2, 2025 by IC Insider.com

The Jamaica Stock Exchange Main Market started the new year on Thursday, with investors acting like warm to the offerings at the start of the year and ended trading 67 percent less shares and exchanged 76 percent dollars than they did on Tuesday, while trading 61 securities down from 65 on Tuesday, with prices of 22 rising, 26 declining and 13 ending unchanged.

The Main Market closed after an exchange of 10,333,431 shares for $51,358,952 compared with 31,201,756 stock units valued at $215,989,231 on Tuesday. Trading ended with an average of 169,401 shares at $841,950 compared to 480,027 stocks at $3,322,911 on Tuesday and December with an average of 967,720 stock units at $18,390,902.
Wigton Energy was the leading trade with 3.85 million shares for 37.3 percent of the overall volume followed by Transjamaican Highway with 3.50 million units for 33.9 percent of the day’s trade and Pulse Investments with 571,191 stock units for 5.5 percent market share.
The All Jamaican Composite Index declined 1,301.49 points to close trading at 386,928.50, the JSE Main Index rose 331.48 points to finish at 336,126.42 and the JSE Financial Index dipped 0.37 points to end at 68.04. The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, AS Bryden gained 69 cents to end at $30.69 in an exchange of 3,516 stocks, Berger Paints popped 75 cents to close at $8.45 after dealing in 29,235 units, Caribbean Cement fell 95 cents to $91.05 after the trading of 18,353 stock units. Caribbean Producers rallied 54 cents to $8.90 with 4,583 stocks crossing the market, Eppley Caribbean Property Fund rose $8 and ended at $37 with investors dealing in 3,400 units, First Rock Real Estate lost 55 cents to finish at $9.45 with 189,166 stocks passing through the market. Jamaica Broilers climbed $4.25 and ended at $42.20 after a transfer of 19,768 shares, JMMB Group dipped $1.17 to $21.18 with investors trading 28,529 stock units, Kingston Wharves sank $1.15 to end at $33.10 after an exchange of 3,366 shares. Lasco Manufacturing increased 48 cents to close at $7.98 with investors trading 111,705 stocks, Margaritaville advanced 76 cents to close at $14.10 with a mere 44 units changing hands, Mayberry Jamaican Equities rose 55 cents to finish at $11.82 after the trading of 5,852 stock units. Pan Jamaica skidded $6.50 and ended at $52.50 as investors traded 33,164 shares, Sagicor Group climbed $1.40 to $41.40 with a transfer of 143,083 stocks Scotia Group popped 51 cents to end at $54.50 with 5,213 units crossing the changing owners, Seprod sank $5.23 to $87.17 with 222 stocks switching owners, Supreme Ventures slipped $2.25 to finish at $24.25 with 14,565 shares clearing the exchange and Wisynco Group dropped 49 cents to close at $21.50 with an exchange of 23,748 stocks.
In the preference segment, Jamaica Public Service 7% shed $8.95 to end at $35 with just 86 shares crossing the market, Productive Business Solutions 10.5% preference share declined $2 to close at $1,118 with 73 stock units traded and Sygnus Credit Investments C10.5% sank $3.62 to close at $101.38 with 500 shares switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market stocks rise 3.1% in 2024

December 31, 2024 by IC Insider.com

Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 22 percent and the value 38 percent more than on Monday, with trading in 65securities compared with 64 on Monday, with prices of 23 rising, 18 declining and 24 ending unchanged as the market closed with moderate gains for the year, with Lasco Manufacturing being the leading Main Market stock for the year.

The market closed with 31,201,756 shares traded for $215,989,231 versus 40,210,672 stock units at $156,530,284 on Monday. Trading ended with an average of 480,027 shares at $3,322,911 compared to 628,292 stocks at $2,445,786 on Monday. For month to date, trading ended with an average of 967,720 units at $18,390,902 compared to 995,214 shares at $19,240,355 on the Monday and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 18.17 million shares for 58.2 percent of total volume followed by Transjamaican Highway with 3.04 million stocks for 9.8 percent of the day’s trade, Supreme Ventures ended with 2.07 million units for 6.6 percent market share, Radio Jamaica closed with 1.73 million stocks for 5.5 percent of the volume traded and Jamaica Broilers with 1.21 million shares for 3.9 percent of total volume.
The All Jamaican Composite Index climbed 2,828.07 points to end at 388,229.99, up 5.8 percent for 2024 the JSE Main Index rallied 2,595.47 points to end the year with a rise of 3.1 percent at 335,794.94 and the JSE Financial Index popped 0.62 points to wrap up trading at 68.41. The Investor’s Choice bid-offer indicator shows 18 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.4. The JSE Main and USD Market PE ratios are based on the last traded prices and projected earnings done by ICInsider.com for companies with the financial year ending around August 2025.
At the close of market activities, AS Bryden skidded 69 cents to end at $30 with an exchange of 3,094 shares, Berger Paints rose 60 cents in closing at $7.70 with 1,360 stocks changing hands, Caribbean Cement gained $5.40 to close at a 52 weeks’ high of $92 in an exchange of 73,191 shares. Eppley Caribbean Property Fund sank $8 to finish at to close at a 52 weeks’ low of $29 with traders dealing in 5,346 stock units, Jamaica Producers popped 75 cents and ended at $24.75 and closed with an exchange of 44,032 shares, Jamaica Stock Exchange increased $1.30 to close at $13.30 with a transfer of 93,002 stocks. Kingston Wharves climbed $2.42 to $34.25 with 19,263 units crossing the market, Massy Holdings rallied $3.19 and ended at $87 with investors trading 12,922 stock units, Mayberry Jamaican Equities slipped $1.73 to finish at $11.27 in an exchange of 27,330 shares. NCB Financial advanced 99 cents in closing at $51 with investors trading 248,922 stock units, Pan Jamaica popped $1 to end at $59 after a transfer of 25,066 stocks, Sagicor Real Estate Fund rallied 35 cents to close at $8.40 with trading of 4,732 units. Salada Foods rose 50 cents to $4 with 177,471 shares crossing the market, Scotia Group climbed $3.29 to close at $53.99 as investors exchanged 17,018 stocks, Seprod increased $8.40 to end at a 52 weeks’ high of $92.40 in switching ownership of 102,565 units. Supreme Ventures advanced $3 in closing at $26.50 after an exchange of 2,065,841 stock units and Wisynco Group gained 64 cents to finish at $21.99 with investors swapping 47,051 shares.
In the preference segment, Jamaica Public Service 7% popped $1.45 and ended at $43.95 with 21 stocks crossing the exchange. Jamaica Public Service 9.5% dropped $453.85 to $2,650 with investors dealing in 400 units and 138 Student Living preference share shed $62 to end at $195 after an exchange of 209 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

All Jamaica Index closes near 2 years’ high

December 30, 2024 by IC Insider.com

Jamaican Main Market stocks are back to highs not seen since January 2023, nearly two years ago as bullish trading pushed the index that measures just Jamaican based stocks climbed 27,055.36 points since November 22, to the penultimate day of the year, with the market breaking solidly out of an upward sloping channel starting in July and flashing bullish signal since, with the market recording higher highs and higher lows since September following the cut in Bank of Jamaica over nigh rate in August.

Trading activity slipped marginally on the Jamaica Stock Exchange Main Market ended on Monday, with trading in 64 securities compared with 62 on Friday, with prices of 22 rising, 21 declining and 21 ending unchanged and sending the market higher at the close.
The market closed with 40,210,672 shares trading for $156,530,284 down moderately from 43,842,677 stock units at $162,667,778 on Friday. Trading averaged 628,292 shares at $2,445,786 compared to 707,140 stocks at $2,623,674 on Friday and for the month to date, an average of 995,214 units at $19,240,355 down from 1,016,778 shares at $20,227,364 on Friday and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 24.77 million shares for 61.6 percent of total volume followed by Transjamaican Highway with 4.32 million stock units accounting for 10.7 percent of the day’s trade, Mayberry Jamaican Equities with 3.32 million stock units for 8.3 percent market share, Sterling Investments with 2.02 million stock units for 5 percent market share after the price hit a 52 week’s high of $2.80 and Radio Jamaica with 1.13 million units for 2.8 percent of total volume.
The All Jamaican Composite Index gained 3,267.33 points to end at 385,401.92, up 5 percent for the year, the JSE Main Index rallied 1,719.39 points to end at 333,199.47, with a 2.3 percent rise in 2024 and the JSE Financial Index increased 0.15 points to wrap up trading at 67.79. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of trading, Berger Paints dropped 65 cents and ended at $7.10 in an exchange of 1,889 stock units, Caribbean Cement climbed 62 cents to a 52 weeks closing high of $86.60 with 12,714 shares changing hands, GraceKennedy sank 90 cents to end at $79 as 54,264 units passed through the market. Jamaica Broilers skidded $1.80 in closing at $37.75 after trading of 65,837 stocks and trading at an intraday 52 weeks’ high of $42.31, JMMB Group increased 50 cents to close at $22.50 after a transfer of 219,505 shares, Kingston Wharves fell $1.16 to finish at $31.83 with investors trading 4,948 stocks. Lasco Manufacturing declined 36 cents to $7.80 with 12,466 units crossing the market, Margaritaville popped 84 cents in closing at $13.34 with investors trading just one stock unit, Massy Holdings lost $1.09 and ended at $83.81 with 32,044 shares crossing the market. Mayberry Jamaican Equities rallied $1.70 to finish at $13 after an exchange of 3,321,203 units, Pan Jamaica shed $3 to end at $58 with investors dealing in 6,001 stocks, Sagicor Group rose $1.99 to close at $40 in an exchange of 288,319 stock units. Sagicor Real Estate Fund sank 35 cents to $8.05 with traders dealing in 182,085 shares, Scotia Group dipped $1.80 and ended at $50.70 as investors exchanged 59,018 stocks, Seprod slipped 50 cents to finish at $84 in switching ownership of 13,728 units. Supreme Ventures fell 50 cents to close at $23.50 after an exchange of 103,816 stock units, Sygnus Real Estate Finance dipped 39 cents to end at $9.61 with 6,513 shares clearing the market and Wisynco Group lost 65 cents in closing at $21.35 with investors swapping 216,930 stock units.
In the preference segment, Jamaica Public Service 7% advanced $2.50 to $42.50 with a transfer of 91 units, Jamaica Public Service 9.5% gained $672.85 to finish at $3103.85 crossing the exchange 220 stocks, 138 Student Living preference share popped $2.02 and ended at $257 after trading of 4 shares and Productive Business Solutions 10.5% preference share advanced $48 to end at $1120 with an exchange of 40 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Bulls charged JSE Main Market on Friday

December 27, 2024 by IC Insider.com

Bulls continue to charge quietly in trading on the Jamaica Stock Exchange Main Market ended on Friday, with trading in 62 securities compared with 63 on Tuesday, driving prices of 31 stocks higher, 12 lower and 19 ended unchanged, as 5 stocks hit 52 weeks’ high and one at a yearly low, with the volume of stocks traded rising 185 percent and the value 15 percent lower than on Tuesday.

The market closed with 43,842,677 shares trading for $162,667,778 compared to 15,371,742 stock units at $192,090,145 on Tuesday.
Trading averaged 707,140 shares at $2,623,674 compared to 243,996 stocks at $3,049,050 on Tuesday and month to date, an average of 1,016,778 units for $20,227,364 compared with 1,035,471 shares at $21,290,099 on the previous day and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 18.14 million shares for 41.4 percent of total volume followed by Transjamaican Highway with 8.45 million stocks for 19.3 percent of the day’s trade, Sagicor Select Financial Fund ended with 6.13 million units for 14 percent of market share, QWI Investments contributed with 2.65 million shares for 6 percent of stocks traded, Lasco Manufacturing closed with 2.34 million stock units for 5.3 percent of trading and Sterling Investments with 1.19 million units for 2.7 percent of total volume.
Caribbean Cement ended at a 52 weeks’ high of $85.98 after hitting an intraday high of $86.65, Pan Jamaica closed at 52 weeks’ high of $61.0, Wigton Energy ended at a 52 weeks’ high of $1.59 after hitting a record high of $1.70, while Jamaica Public Service 9.5% preference shares declined to $2,431 for a yearly low. Carreras traded at pay intraday 52 weeks high of $13.02 and Scotia Group at$56.98 before falling back to close much lower.
The All Jamaican Composite Index popped 4,047.53 points to end at 382,134.59, the JSE Main Index increased 1,586.90 points to 331,480.08 and the JSE Financial Index popped 0.41 points to finish at 67.64. The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, AS Bryden rose 69 cents to finish at $30.69 in trading 1,028 shares, Caribbean Cement gained 98 cents and ended at a 52 weeks’ closing high of $85.98 after hitting an intraday high of $86.65 and ending with 15,471 stocks clearing the market, First Rock Real Estate popped $1.30 to $10 as investors exchanged 24,651 shares. Jamaica Broilers increased $1.55 to end at $39.55 after 29,845 stock units were traded, Jamaica Producers climbed $1.69 in closing at $23.70 with an exchange of 11,734 shares, Kingston Wharves advanced 80 cents to close at $32.99 after 4,143 stocks passed through the market. Lasco Manufacturing rallied 66 cents to $8.16 with investors dealing in 2,342,337 units, Massy Holdings fell $2.60 and ended at $84.90 with a transfer of 1,565 stock units, Mayberry Group popped $1.11 to end at $9.10 with investors swapping 122,127 shares. Mayberry Jamaican Equities climbed $1.25 in closing at $11.30 after an exchange of 197,888 stocks, Pan Jamaica rose $4 to close at a 52 weeks’ high of $61 with investors trading 121,445 units, Proven Investments gained $1 to finish at $19.50 after a transfer of 40,102 stock units. Sagicor Group increased 90 cents and ended at $38.01 with traders dealing in 18,558 shares, Scotia Group fell $2.41 to $52.50 crossing the exchange 106,437 units after the price hit a 52 weeks’ intraday high of $57.94 before it ran out of steam, Seprod dipped 50 cents to close at $84.50 with 2,559 stocks changing hands. Supreme Ventures rallied $1.60 to end at $24 after an exchange of 1,024,563 stock units and Sygnus Real Estate Finance sank 88 cents in closing at $10 with 3,392 shares crossing the market.
In the preference segment, Jamaica Public Service 7% declined $3.95 to finish at $40 in an exchange of 124 units and Jamaica Public Service 9.5% shed $429 and ended at a 52 weeks’ low of $2,431 with 34 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sizzling hot JSE Main Market stocks

December 24, 2024 by IC Insider.com

Stocks sizzled in trading on the Jamaica Stock Exchange Main Market on Tuesday, with five stocks closing at 52 weeks’ high and one at a low, with several stocks enjoying sizable price gains and leading the market to end with a major jump in the indices as All Jamaican Composite Index extended the gains for the year while the JSE Market index climbed into positive territory for the first time since mid- April this year.

Following the huge trade in Sagicor Group on Monday, trading returned to more sedate levels, with the volume of stocks traded declining 96 percent and the value 99 percent lower than on Monday, following trading in 63 securities compared with 64 on Monday, with prices of 26 stocks rising, 17 declining and 20 ending unchanged.
Carreras, Caribbean Cement, Pan Jamaica, Scotia Group and Wigton, all traded at 52 weeks’ high and AS Bryden closed at a 52 weeks’ low.
The market closed with 15,371,742 shares trading for $192,090,145 compared with 429,821,047 stock units at $15,801,536,064 on Monday. Trading averaged 243,996 shares at $3,049,050 compared to 6,715,954 stocks at $246,899,001 on Monday and month to date, an average of 1,035,471 units at $21,290,099 compared with 1,087,196 shares at $22,482,200 on the previous day and well above November with an average of 286,669 stock units at $2,555,172.
Transjamaican Highway led trading with 3.91 million shares for 25.5 percent of total volume followed by Wigton Energy with 2.95 million stocks for 19.2 percent of the day’s trade, QWI Investments ended with 1.46 million units for 9.5 percent market share, Sagicor Select Financial Fund with 1.42 million shares for 9.2 percent of the total volume and Scotia Group with 1.11 million units for 7.2 percent of the traded volume.
The All Jamaican Composite Index climbed 3,683.43 points to wrap up trading at 378,087.06, the JSE Main Index climbed 4,705.60 points to conclude trading at 329,893.18 and the JSE Financial Index rose 0.58 points to 67.23. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, AS Bryden declined 51 cents to $30 after 7,029 stocks passed through the market, Caribbean Cement rallied $7 and ended at $85 with investors trading 45,413 units, Carreras popped 40 cents in closing at $13 with an exchange of 66,919 shares. First Rock Real Estate shed 81 cents to close at $8.70 with 302,492 stock changing hands, GraceKennedy advanced $3.74 to end at $80 with investors trading 775,977 shares, Jamaica Broilers rose $1.60 to finish at $38 in an exchange of 226,303 stocks. Jamaica Producers dropped $1.99 to $22.01 with 6,437 units crossing the market, Jamaica Stock Exchange fell 90 cents to close at $12 after an exchange of 5,009 stock units, Margaritaville climbed 48 cents to end at $12.50 with 82 shares crossing the market. Massy Holdings increased $5.50 in closing at $87.50 with investors dealing in just 18 units, Mayberry Group gained 49 cents and ended at $7.99 with 6,439 stocks crossing the exchange, Mayberry Jamaican Equities popped 85 cents to finish at $10.05 after a transfer of 41,325 stock units. Pan Jamaica rallied $5 and ended at $57 as investors exchanged 116,269 shares, Sagicor Group slipped 89 cents to $37.11 in trading 29,649 units, Scotia Group gained $2.76 in closing at $54.91 with 1,112,346 stocks clearing the market and Wisynco Group climbed 55 cents to end at $21.75 in an exchange of 125,383 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.