JSE stocks retreat from Thursday’s record

Mayberry Jamaican Equities traded 1M shares & the price hits a new high of $10 but retreated by Friday’s close.

The All Jamaican Composite Index of the Jamaica Stock Exchange and the JSE index fell more than 2,000 points as main market stocks retreated from Thursday’s record close as the market set its sight on breaking through the 350,000 mark this coming week.
At the close, the All Jamaican Composite Index dropped 2,312.28 points to 346,726.53 and the JSE Index dived 2,106.75 points to 315,907.02. Market activities resulted in 31 securities trading including 3 in the US dollar market compared to 27 securities trading on Thursday.
At the end of trading, the prices of 12 stocks rose, 12 declined and 7 traded unchanged. Trading in the main market ended with 12,389,267 units valued $54,066,117, compared to 7,549,926 units valued at $378,631,059 on Thursday.

The day’s volume was led by, JMMB Group 7.5% preference share concluded trading at $1.03, with 8,590,090 shares with 69.3 percent of the traded volume, followed by Mayberry Equities that closed at $9 in trading 1,046,000 shares, for just 8.4 percent of the day’s volume after trading at an intraday high of $10 and Supreme Ventures with 604,043 units and 4.9 percent of the main market volume.
Stocks with major price changes| Caribbean Cement jumped $2.50 and finished at $47.50, trading 73,872 shares, Grace Kennedy rose 85 cents and ended trading at $59.50, with 41,775 shares, JMMB Group lost $1 and ended at $29, exchanging 120,176 shares, Mayberry Investments gained 39 cents to settle at $7.89, with 10,100 units, PanJam Investment fell 80 cents and concluded trading 42,221 shares and closed at $51.60, Portland JSX lost 50 cents and ended at $8 trading 2,700 units, Sagicor Real Estate Fund dived $2.90 to $12, with 11,200 shares, Salada Foods shed $1 to close at $17, in exchanging 48,271 units, Scotia Group rose 50 cents in traded 113,232 shares to close at $53,  Seprod finished trading 4,500 shares, and gained 59 cents to close at $36.10, ended at $15, with 21,164 shares after losing 30 cents, Victoria Mutual Investments lost 42 cents in concluding trading at $3.51, with 604,043 stock units and Wisynco Group fell 25 cents and finished trading 105,450 shares to end at $9.05.
Trading in the US dollar market closed with Margaritaville traded 9,700 shares and ended at 18 US cents Proven Investments trading 44,500 shares, falling 0.09 cent and closed at 19.01 US cents and Sygnus Credit Investments traded 9,000 shares and rose 0.03 cent to 10 US cents. The JSE USD Equities Index slipped 0.12 points to end at 159.24.
Trading resulted in an average of 492,474 units valued at over $1,930,933, in contrast to 290,382 shares valued at $14,562,733 on Thursday. For the month to date an average of 231,530 shares valued at an average of $4,665,985 versus 211,092 shares valued at an average of $4,956,066 on Thursday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

JSE stocks eye 350,000 points – Thursday

At the close of trading on Thursday, the Jamaica Stock Exchange jumped more than 3,900 points to new record close with the All Jamaican Composite Index sitting less than 1,000 from the 350,000 mark.
At 12:30 the All Jamaican Composite Index surged 5,035.03 to 348,774.63 points but pulled back after to close the day with a leap of 4,299.21 points to a record closing high of 349,038.81 and the JSE Index 3,917.07 points to a record close of 318,013.77. Market activities resulted in 27 securities trading including 1 in the US dollar market compared to 29 securities trading on Wednesday.
At the end of trading, the prices of 8 stocks rose, 9 declined and 10 traded unchanged. Caribbean Cement traded at an intraday high of $56 but ended at $45 by the close.
Trading in the main market ended with 7,549,926 units valued at $378,631,059 versus 7,397,463 units valued at $122,484,133 on Wednesday.
The day’s volume was led by, Kingston Wharves with 4,05,328 units and 53 percent of the main market volume, followed by NCB Financial Group exchanging 1,012,510 shares and 13.4 percent of the day’s trades and PanJam Investment with 708,674 units accounting for 9.4 percent of traded volume.
Stocks with major price changes| Kingston Wharves rose 80 cents and finished at $52.50, with 4 million shares, Mayberry Investments fell 50 cents and settled at $7.50, with 9,200 units, Mayberry Equities climbed 50 cents to $9 in trading 231,400 shares, NCB Financial jumped $2 and finished trading of just over 1 million shares at $105, Sagicor Group shed 43 cents to close at $37.57, in exchanging 29,508 units, Sagicor Real Estate Fund climbed 90 cents and settled at $14.90, with 17,616 shares, Seprod finished trading 10,732 shares, but lost 49 cents to close at $35.51, Supreme Ventures ended at $15, with 21,164 shares after losing 30 cents, Sygnus Credit Investments dropped $2.29 to a 52 weeks’ low of $10 in trading 10,000 shares and Wisynco Group gained 30 cents and finished trading at $9.30,with 67,338 units.
Trading in the US dollar market closed with Proven Investments trading 7,966 shares valued at US$1,593 and closed at 20 US cents. The JSE USD Equities Index was unchanged at 159.36.
Trading resulted in an average of 290,382 units valued at $14,562,733, in contrast to 273,980 shares valued at $4,536,449 on Wednesday. For the month to date an average of 211,092 shares valued at an average of $4,956,066 versus 203,253 shares valued at an average of $3,906,599 on Wednesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

JSE lost altitude – Monday

Carib Cement jumped $7.99 to end at a 52 weeks’ closing high of $50.

In moderate trading, the Jamaica Stock Exchange closed down on Monday after the All Jamaica Composite Index hit a new high of 347,919.92 points in early trading.
At the close trading,  advancing stocks were the same as stocks, leading to the All Jamaican Composite Index to decline by 880.86 points to 346,120.15 and the JSE Index in shedding 802.56 points to end at a record close of 315,354.54.
Trading in the main market ended with 4,879,200 units valued at over $45,250,338 compared to 11,481,249 units valued $123,719,859 on Friday.
Market activities resulted in 29 securities trading including 2 in the US dollar market compared to 26 securities trading on Friday. At the end of trading, the prices of 9 stocks rose, 9 declined and 11 traded unchanged, including
Caribbean Cement traded at an all-time closing high of $50 with very low volume while the Jamaica Stock Exchange traded at a 52 weeks’ high of $8.50 but pulled back at the close to $8.
The day’s volume was led by, Mayberry Jamaican Equities with 2,626,900 units and 53.84 percent of the main market volume, followed by Jamaica Stock Exchange with 822,926 units and Victoria Mutual Investments with 298,913 units.
Stocks with major price changes| Barita Investments lost 50 cents and ended at $9, trading 7,186 stock units, Caribbean Cement jumped $7.99 to a 52 weeks’ closing high of $50 exchanging a mere 610 shares, but ended with the being offered at $45 Jamaica Broilers traded 27,922 stock units and added $1.90 to end at $24, Mayberry Investments lost 25 cents to end at $8 trading just 18,821 shares, Kingston Wharves lost 75 cents to end at $51.50, after trading 2,500 stock units, NCB Financial Group lost 50 cents and ended trading at $103.50, exchanging 42,838 shares, Scotia Group traded 9,910 units and shed 80 cents to end at $52, Supreme Ventures fell 29 cents in trading 81,921 at $15.51 and Wisynco Group fell 25 cents to close at $9.25 after trading 197,432 shares.
Trading in the US dollar market closed with 35,200 units valued at US$65,830 as JMMB Group 5.75% preference share rose 12 cents and closed at US$2.15 trading 35,200 shares and Margaritaville rose 1 cent in trading 5,000 shares at 18 US cents. The JSE USD Equities Index rose 0.47 points to 159.31.
Trading resulted in an average of 180,711 units valued at over $1,675,938, in contrast to 478,385 shares valued at $5,154,994 on Friday. For the month to date an average of 196,186 shares valued at an average of $4,035,512 versus 198,469 shares valued at an average of $4,438,731 on Monday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

New closing high for JSE – Friday

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The Jamaica Stock Exchange took another sizable jump to end at a record close on Friday as advancing stocks out-numbered declining stocks in continuation of the market’s record bull run.
At the close trading, the All Jamaican Composite Index rose 305.19 points to 347,001.01, the first time it closed above 347,000 points and the JSE Index climbed 278.07 points to end at a record close of 316,157.10. The market has gained 9.6 percent for the year to date, the shortage of stocks and low interest rates suggest that the gain for the rest of the year should exceed that of the first 7 months.
Trading in the main market ended with 11,481,249 units valued $123,719,859 compared to 7,873,698 units valued at $335,479,879 on Thursday.
Market activities resulted in 26 securities trading including 2 in the US dollar market compared to 28 securities trading on Thursday. At the end of trading, the prices of 13 stocks rose, 8 declined and 5 traded unchanged, including Caribbean Cement trading at an intraday high of $50 and Salada Foods trading at an all-time high of $17 before pulling back at the close, to a 52 weeks’ high of $16.50.
The day’s volume was led by, Mayberry Jamaican Equities with 9,408,575 units 81.95 percent of the main market volume, followed by Scotia Group with juts 351,092 units and Jamaica Stock Exchange with 281,270 units.
Stocks with major price changes| Berger Paints rose $1 and ended at $21, trading 9,539 stock units, Caribbean Cement fell $1.49 to $42.01 exchanging 76,432 shares, Jamaica Broilers traded 46,334 stock units and dropped $3.40 to end at $22.10, Jamaica Stock Exchange rose 49 cents to close at $8, with 281,270 shares changing hands, JMMB Group rose 50 cents and ended at $30, trading 27,350 shares. Mayberry Investments lost 75 cents to end at $8.25 trading just 8,335 shares, Kingston Wharves finished at $52.25, after rising 25 cents with 3,842 stock units, NCB Financial Group lost 80 cents and ended trading at $104, exchanging 27,159 shares, PanJam Investment jumped $1 to $52 trading 87,500 stock units. Salada Foods jumped $1.50 and ended trading at 52 weeks’ closing high of $16.50, with 35,500 stock units, Scotia Group traded 351,092 units and gained 80 cents to end at $52.80 and Sygnus Credit Investments fell 49 cents in trading 12,010 at $12.
Trading in the US dollar market closed with 174,520 units valued at US$31,642 as Proven Investments fell 1 cent and closed at 19 US cents trading 3,200 shares and Sygnus Credit Investments fell 0.25 cents in trading 12,010 at 0.0975 US cents. The JSE USD Equities Index rose 3.70 and closed at 154.43
Trading resulted in an average of 478,385 units valued at an average of $5,154,994 for each security traded. In contrast to 302,835 units for an average of $12,903,072 on Thursday. For the month to date an average of 198,469 shares valued at an average of $4,438,731 versus 185,362 shares valued at an average of $5,398,127 on Thursday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 6 closing with lower offers.

JSE end at a new close – Thursday

The Jamaica Stock Exchange took another sizable jump to end at a record close on Thursday as advancing stocks out-numbered declining stocks in continuation of the market’s record bull run.
At the close trading, the All Jamaican Composite Index jumped 2,217.67 points to 346,695.82 and the JSE Index climbed 2,020.55 points to end at a record close at 315,879.03.
Trading in the main market ended with 7,873,698 units valued at $335,479,879 compared to 3,458,733 units valued at $66,593,492 on Wednesday.
Market activities resulted in 28 securities trading including 2 in the US dollar market compared to 27 securities trading on Wednesday. At the end of trading, the prices of 12 stocks rose, 8 declined and 8 traded unchanged, including Grace Kennedy trading at an intraday high of $58 and Mayberry Investments trading at an all-time high of $9 before pulling back at the close.
The day’s volume was led by, Grace Kennedy with 5,253,678 units accounting for 66.72 percent of the main market volume, followed by Carreras with 899,233 units or just 11.42 percent of the day’s volume and JMMB Group 7.50% preference share with 500,000 units and 6.35 percent of the day’s volume.
Major price changes| Grace Kennedy jumped $1.01 to finish at a record high of $58.05, JMMB Group rose 40 cents ended at $29.50, trading 13,087 shares. Mayberry Investments climbed $1.60 to end a record closing high of $9 trading just 1,000 shares, Kingston Wharves finished at $52, after falling 50 cents with 3,842 stock units NCB Financial Group gained 60 cents and ended trading at $104.80, trading 27,159 shares, Sagicor Real Estate Fund rose 50 cents and settled at $14.50 exchanging 3,300 shares, Sterling Investments gained 40 cents to $14.50 after 68,200 shares traded, Scotia Group traded 351,092 units and gained $1.30 to end at $52.80 and Seprod added 99 cents to finish trading at $34, with an exchange of just 750 shares.
Trading in the US dollar market closed with 5,754 units valued at US$5,330 as JMMB Group 6% preference share completed trading of 16,500 stock units and rose 1 cent to end at $1.05, Proven Investments fell 1 cent and closed at 19 US cents trading 3,200 shares. The JSE USD Equities Index closed unchanged at 154.43
Trading resulted in an average of 302,835 units valued at an average of $12,903,072 for each security traded. In contrast to 138,349 units for an average of $2,663,740 on Wednesday. For the month to date an average of 185,362 shares valued at an average of $5,398,127 versus 157,082 shares valued at an average of $2,241,849 on Wednesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

AJ Index new record of 345,405 points – Tuesday

The All Jamaican Composite Index of the Jamaica Stock Exchange traded at an intraday record high of 347,551.83 in the morning session but drifted lower to close just above 345,000 points for the second day in a row.
At the close, the All Jamaican Composite Index gained 354.82 points to end at a record close of 345,405.03 and the JSE Index advanced by 323.28 points to end at a record close of 314,702.97.
Trading in the main market ended with 3,687,476 units valued at over $83,983,141 compared to 4,818,830 units valued at $56,754,894, on Friday.
Market activities resulted in 33 securities trading including 3 in the US dollar market compared to 29 securities trading on Friday. At the end of trading, the prices of 11 stocks rose, 12 declined and 10 traded unchanged.
The day’s volume was led by, Scotia Group with 841,089 units for 22.81 percent of the main market volume, followed by Carreras with 764,451 units or 20.73 percent of the day’s volume and Radio Jamaica ended with 547,000 units and accounting for 14.83 percent of the day’s volume.
Major price changes| Berger Paints traded 8,650 shares with a gain of 74 cents to close at $20, Caribbean Cement lost 30 cents and finished at $41.20, with 171,284 shares, Grace Kennedy jumped $1.05 to close at a 52 weeks’ high of $57.05, trading with 122,139 shares, NCB Financial Group climbed $3 ended trading 45,133 shares, at $104, with 1834 Investments lost 15 cents traded at a 52 weeks’ low of 90 cents, with 18,000 shares. Mayberry Investments declined $1.14 to end $7.11 trading 24,638 shares, PanJam Investment concluded trading of 4,384 shares at $51.25, after slipping $1.30, Portland JSX climbed $1 and ended at $9, exchanging 20,000 units, Sagicor Real Estate Fund fell 50 cents to settle at $14.00, with 1,000 shares, Scotia Group traded 841,089 units and fell $1.50 to end at $51.50, Seprod lost 49 cents and finished trading at $32.01, with 2,500 shares. Sterling Investments gained 60 cents and closed at $14.10, with 13,727 shares, Supreme Ventures lost 30 cents and ended at $15.50, with 65,275 shares trading.
Trading in the US dollar market closed with 154,010 units valued at US$128,075 as JMMB Group 6% preference share completed trading of 115,000 stock units and gained 1 cent to end at $1.05, Proven Investments added 1 cent and closed at 20 US cents trading 38,800 shares and Sygnus Credit closed 10 US cents in trading 210 shares. The JSE USD Equities Index lost 0.71 points and closed at 154.43
Trading resulted in an average of 122,916 units valued at an average of $2,799,438 for each security traded. In contrast to 185,340 units for an average of $2,182,881 on Friday. For the month to date an average of 162,724 shares valued at an average of $2,114,773 versus 185,258 units traded for an average of $1,727,278 on Friday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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.

Record 345,208 points close for AJI – Friday

Chart showing the All Jamaica Composite Index in upward move from December 2017 and now at the highest closing level ever.

The All Jamaican Composite Index of the Jamaica Stock Exchange closed above 345,000 points for the first time ever but fell short of the record high of 345,208.15 reached in the early morning session on Thursday.
At the close, the All Jamaican Composite Index gained 980.10 points to end at a record close of 345,050.21 and the JSE Index advanced by 892.98 points to a record close at 314,379.69. The move on Friday is the fifth straight record close for the market since the previous week Friday.
Trading in the main market ended with 4,818,830 units valued at $56,754,894, compared to 4,999,824 units valued at $34,788,166 on Thursday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Thursday. At the end of trading, the prices of 9 stocks rose, 9 declined and 11 traded unchanged.
The day’s volume was led by, Jamaica Stock Exchange trading 1,993,806 shares for 41.38 percent of the day’s traded volume Mayberry Equities closed trading with 469,705 units or 9.75 percent of shares trading and Radio Jamaica ended trading with 389,089 units and accounting for 8.07 percent of the day’s volume.
Major price changes| Carreras traded 333,862 shares but lost 30 cents to close at $9, Caribbean Cement rose 49 cents and finished at $41.50, with 119,028 shares, Kingston Wharves concluded trading at $52.50, with 8,815 shares after gaining 40 cents. Mayberry Investments jumped $1.25 to a 52 weeks’ high of $8.25 trading 118,800 shares and after pulling back from $8.40 earlier in the day, PanJam Investment concluded trading of 7,340 shares at $52.55, after rising $1.55 and Scotia Group traded 349,178 units and rose 8 0 cents to end at $53.
Trading in the US dollar market closed with 40,481 units valued at US$10,641 as JMMB Group 6 percent preference share completed trading of 3,000 stock units and fell 1 cents to end at $1.04, Productive Business Solution ended trading 1,000 shares to close at 59 US cents and Proven Investments closed at 19 US cents trading 36,481 shares. The JSE USD Equities Index close unchanged at 155.14.
Trading resulted in an average of 185,340 units valued at an average of $2,182,8811 for each security traded, in contrast to 185,179 units valued at an average of $1,288,451 on Thursday. For the month to date an average of 185,258 units traded for an average of $1,727,278. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Record close for JSE – Thursday

The All Jamaican Composite Index of the Jamaica Stock Exchange surged to more than 345,000 points in the early morning session on Thursday but failed to hold on at that level but still managed to end at a new record close.
At the close, the All Jamaican Composite Index held on to just 119.17 points of the early gains to end at a record closing high of 344,070.11 and the JSE Index clung to 108.58 points to end at record closing high of 313,486.71.
Trading in the main market ended with 4,999,824 units valued at over $34,788,166 compared to 34,917,482 units valued at $108,176,982 on Tuesday.
Market activities resulted in 31 securities trading including 4 in the US dollar market compared to 29 securities trading on Tuesday. At the end of trading, the prices of 14 stocks rose, 8 declined and 9 traded unchanged.
The day’s volume was led by, Mayberry Investments trading 1,003,340 shares to close at $7, after it traded at an intraday 52 weeks’ high of $7.60 JMMB Group 7.5% preference share closing at $1, in trading 952,000 shares and Mayberry Equities closed trading at $8.50 with 522,731 shares trading.
Major price changes| Grace Kennedy traded at an intraday 52 weeks’ high of $56.70 but ended trading at a 52 weeks’ closing high of $56.01. Jamaica Producers rose 30 cents to $17, trading 5,988 stock units, Mayberry Equities lost 55 cents trading 522,731 shares to end at $8.60, PanJam Investment concluded trading 51,973 shares at $51, after falling $1.54, Sagicor Group shed 40 cents and settled at $38.10, with 21,574 shares trading, Scotia Group traded 13,284 units and rose $1.10 to end at $52.20 and Sterling jumped $1.50 and finished trading at $13.50, with 2,952 shares changing hands.
Trading in the US dollar market closed with 98,429 units valued at US$87,029 as JMMB Group 6 percent preference share completed trading 80,000 stock units at $1.05, Margaritaville ended trading 10,524 shares to close at 16.9 US cents and Proven Investments rose 1 cent to 19 US cents trading 5,105 shares. The JSE USD Equities Index rose 1.62 points to 155.14.
Trading resulted in an average of 185,179 units valued at an average of $1,288,451 for each security traded. In contrast to 1,342,980 units for an average of $4,160,653 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

JSE jumps 3000 points to record close – Tuesday

The main market of the Jamaica Stock Exchange hit several new record highs throughout the trading session on Tuesday and ended with strong gain to close just below the 344,000 points level.
At the close, the All Jamaican Composite Index jumped 3,071.05 points at 343,950.94 and the JSE Index climbed 2,798.07 points to close at 313,378.13. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 34.917.482 units valued at $108,176,982 versus 2,332,453 units valued at $28,665,085 on Monday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Friday. At the end of trading, the prices of 15 stocks rose, 8 declined and 6 traded unchanged.
The day’s volume was led by, JMMB Group 7.5% preference trading 27,800,000 shares at 99 cents, Jamaica Stock Exchange closing at $7.30, with 2,972,200 shares, and Carreras concluding trading at $9.47 with 1,071,337 units.
Major price changes| Carreras concluded trading at $9.47, after rising 47 cents with 1,071,337 units, Grace Kennedy jumped $3 to $56 in trading 161,314 shares, Jamaica Broilers rose 40 cents to $25.90, trading 9,471 stock units. JMMB Group climbed $1.90 and ended at $29.90, exchanging 1,700 shares, Mayberry Equities traded with a gain of $1.59 to end the day at $9.15 with 963,295 units trading, Sagicor Group gained 50 cents and settled at $38.50, with 14,775 shares, Scotia Group traded 57,671 units but fell $1 to end at $51.10 and Seprod shed $1.50 and finished trading at $32.50, with 2,529 shares changing hands.
Trading in the US dollar market closed with 7,827 units valued at US$6,500 as JMMB Group completed trading at $1.05 with 5,586 stock units and Productivity Business ended trading with a gin of 9 cents at 59 US cents with 541 shares changing hands and Proven Investments lost 1 cent to 18 US cents with 1,700 shares trading The JSE USD Equities Index rose 5.76 points to 153.52.
Trading resulted in an average of 1,342,980 units valued at over $4,160,653, in contrast to 80,429 shares valued at $988,451 on Monday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.