Prices surged on the main market of the Jamaica Stock Exchange on Friday resulted in the daily highest points gain in history of the market.
The huge move was the result mainly of sharp gains in the prices of National Commercial Bank, Scotia Group, Kingston Wharves, Jamaica Producers Group. It was a day when both the main market of the Jamaica Stock Exchange and the junior market closed at record levels as the bull market which had its genesis in late 2014, continues to build momentum with the supply of stocks on the wane, while demand builds.
At the close, the All Jamaica Composite Index jumped sharply by 9,082.60 points, to close at 226,121.49, the JSE Market Index surged 8,121.44 points to finish at 206,567.37 and the JSE combined index climbed 7,716.24 points to close at 220,633.57.
For the consecutive trading day, volume going through the market was moderate, with less than $100 million of trading. At the close, 2,882,798 units valued at $55,189,818 changed hands, compared to 3,687,829 units valued at $80,933,897 changing hands on Thursday. Of the stocks traded, the junior market accounted for 204,282 units valued at $1,106,948.
The market closed with 42 securities changing hands, with 24 stocks rising and 9 falling in the overall market, including 10 stocks rising and 2 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
The average trade for the day in the main market, ended at 111,605 shares, compared to an average of 116,490 units traded on Thursday. For the month to date, an average of 201,775 shares traded compared to an average of 291,945 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints gained just 1 cent to end a new closing high at $10.51 while trading 11,500 shares, Cable and Wireless ended with 137,034 units at $1.20, after rising 2 cents, Caribbean Cement dropped $2.60 in trading 79,400 shares in closing at $33.90. Carreras closed at $66.70 with 26,859 shares changing hands, 1834 Investments gained 4 cents in trading 2,419 units at $1.34, Grace Kennedy had 6,092 units trading to close at $40.64, after declining 1 cent, Jamaica Broilers rose 13 cents and closed at $15.13 with 4,787 shares changing hands. Jamaica Producers traded 27,986 shares after rising by $1 to end at a new high of $12.50, Jamaica Stock Exchange rose 10 cents to close at $5.60, having traded 127,613 shares, JMMB Group jumped to a new closing 52 weeks’ high of $16 in trading 27,146 units, after rising by 50 cents. Kingston Wharves jumped sharply by $6.25, to end trading with 6,500 units and closed at 52 weeks’ high of $34, Mayberry Investments traded 500,000 shares with gains of 25 cents, to close at $5.25, National Commercial Bank surged $5.98 to close at an all-time high of $58 after swapping 38,550 shares. 138 Student Living traded 100,000 units at $4.50, Pan Jamaican shed 10 cents and closed at $29.90, with 765,562 units traded, Portland JSX closed at $9 while trading 6,000 units, Pulse Investments traded 42,700 units, falling 13 cents to close at $5.17 after it traded at an intraday high of $5.65. Radio Jamaica lost 5 cents, closing at $1.30 with 35,778 shares traded, Sagicor Group closed with 8,935 shares changing hands, with a fall of 99 cents to $19.01, Sagicor Real Estate Fund gained 50 cents in trading 9,333 units and closed at $10. Scotia Group, with 470,682 shares changing hands jumped $2.89 cents to a 52 weeks’ closing high of $39. Supreme Ventures gained 11 cents in trading 39,240 shares to close at $5.21 and JMMB Group 7.50% preference shares traded 200,000 units to close at $1.10.
New record close for JSE majors
The high levels of trading above the $220 million market seen in the market for the previous 5 trading days ended on Thursday with less than $100 million of trading. At the close, 3,687,829 units valued at $80,933,897 changed hands, compared to 13,315,100 units valued at $237,592,401 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 542,606 units valued at $3,545,918.
The market closed with 43 securities changing hands, with 16 stocks rising and falling in the overall market, including 6 stocks rising and 5 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 217,038.89. The JSE Market Index rose 1,268.01 points to finish at 198,445.93 and the JSE combined index climbed 1,077.42 points to close at 212,917.33.
The average trade for the day in the main market ended at 116,490 shares compared to an average of 275,383 units traded on Wednesday. An average of 291,945 units traded for the month to date, versus 467,399 units on the previous trading day. The average for the month of December ended at 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 21 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints jumped $1, pushing the price to a new closing high at $10.50 while trading 123,265 shares, Cable and Wireless ended with 626,427 units at $1.18, after losing 7 cents, Caribbean Cement surged $3 in trading 865,850 shares to close at 52 weeks’ high of $36.50. Carreras closed at $66.70 with 27,280 shares changing hands, 1834 Investments traded 62,439 units at $1.30, Grace Kennedy had 50,652 units trading to close at $40.65, after gaining 15 cents, Jamaica Broilers lost 2 cents and closed at $15 with 21,213 shares changing hands. Jamaica Producers traded 250,000 shares after losing 30 cents to end $11.50, Jamaica Stock Exchange lost 10 cents to close at $5.50, having traded 51,865 shares, JMMB Group traded 114,080 units at $15.50, gaining 15 cents, Kingston Wharves ended up trading just 600 units and adding 26 cents to close at $27.75. Mayberry Investments traded 36,000 shares with gains of 75 cents, to close at $5, National Commercial Bank lost 58 cents to close at $52.02 after swapping 519,708 shares, Pan Jamaican gained 35 cents and closed at $30 with 26,688 units traded, Portland JSX closed at $9 after falling by 50 cents while trading 7,079 units. Pulse Investments traded 45,950 units, gaining 35 cents to close at a 52 weeks’ high of $5.30, Radio Jamaica lost 5 cents, closing at $1.35 with 15,200 shares traded, Sagicor Group closed with 49,810 shares changing hands with a gain of 96 cents to $30. Sagicor Real Estate fund traded 20,400 units and closed at $9.50, Scotia Group, with 118,490 shares changing hands lost 89 cents to close at $36.11. Scotia Investments traded 28,694 units, gaining 99 cents to close at $33.49, Supreme Ventures lost 11 cents in trading 10,500 shares to close at $5.10 and Proven Investments traded 67,260 ordinary shares to close at 23 US cents.
Jamaican majors end at 214,159 points.
The market closed with 33 securities changing hands, 16 stocks gained and 10 declined in the overall market, including 6 stocks rising and 7 falling, in the junior market.
At the close the All Jamaica Composite Index gained 1,313.02 points to close at 214,159.89. The JSE Market Index rose 1,174.08 points to finish at 195,871.59 and the JSE combined index climbed 1,134.09 points to close at 210,232.22.
At the close with 20,100,275 units valued at $241,271,357 changed hands, compared to 38,043,877 units valued at $286,247,575 changing hands on Friday. Of the stocks traded, the junior market accounted for 1,892,208 units valued at $12,483,279.
The average trade for the day in the main market ended at 958,319 shares compared to an average of 601,774 units traded on Monday. An average of 736,679 units traded for the month to date, versus 515,038 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Investors continued to react positively to nine months results, showing a sharp hike in profit for Berger Paints, pushing the price to a new closing high at $7.99 while trading 25,000 shares. Cable and Wireless ended with 465,017 units at $1.19, after gaining 7 cents, Caribbean Cement traded 46,985 shares to close at $30.52 with a rise of 2 cents, Grace Kennedy had 177,361 units trading, to close at $40.48, after gaining $1.48, Jamaica Broilers lost 3 cents and closed at $15.47 with 6,876,548 shares changing hands. Jamaica Producers traded 22,200 shares, rising by $1.47 to end at a 52 weeks’ high of $11, Jamaica Stock Exchange traded 75,579 shares at $5.60, JMMB Group traded 42,686 units at $15.31, Kingston Wharves ended up trading 8,361 units to close at $25.01, after losing 29 cents. Mayberry traded 7,500 shares and closed at $4.25, gaining 20 cents in the process, National Commercial Bank added 50 cents in swapping 381,306 shares to close at $52, Pan Jamaican traded 12,723 units to close at $29.75, Portland JSX added 1 cent to close at $9.01 while trading 10,000,000 units. Sagicor Group closed with 37,440 shares changing hands with a loss of 4 cents at $29, Sagicor Real Estate fund gained 20 cents in trading 2,000 units to close at $10.20, Scotia Group, with 900 shares changing hands, gained 50 cents to close at $35.50 and Supreme Ventures traded 5,500 shares to close at $5.21.
JSE majors close down Friday
The market closed with 46 securities changing hands, 18 stocks gained and 14 declined in the overall market, including 9 stocks rising and 7 falling, in the junior market. One security in the main market and one in the junior market closed trading at an all-time high and one in the junior market traded at an intraday high while Portland JSX closed at a new low.
At the close the All Jamaica Composite Index lost 671.11 points to close at 212,846.87. The JSE Market Index slipped 600.10 points to finish at 194,697.51 and the JSE combined index declined by 392.65 points to close at 209,098.13.
At the close with 38,043,877 units valued at $286,247,575 changed hands, compared to 14,496,376 units valued at $291,803,792 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 22,999,535 units, changing hands, valued at $127,583,667.
The average trade for the day in the main market ended at 601,774 shares compared to an average of 367,156 units traded on Wednesday. An average of 515,038 units traded for the month to date, versus 428,302 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and none with lower offers.
In market activity, Investors reacted positively to nine months results, showing a sharp hike in profit for Berger Paints, pushing the price to a new closing high at $6.75 while trading of 85,937 shares. Cable and Wireless ended with 1,872,517 units at $1.12, after gaining 1 cent, Caribbean Cement traded 58,218 shares to close at $30.50, Carreras closed at $66.75 with 61,025 shares changing hands after rising by 25 cents. Grace Kennedy had 33,738 units trading, to close at $39, Jamaica Broilers rose 50 cents and closed at $15.50 with 47,477 shares changing hands, Jamaica Producers traded 1,763,796 shares to end with a fall of 7 cents at $9.53. Jamaica Stock Exchange traded 6,119,966 shares, to end at $5.60, JMMB Group traded 2,050,959 units to end at $15.31, Kingston Wharves ended up trading 73,943 units to close at $25.31. National Commercial Bank fell 50 cents in swapping 12,573 shares, to close at $51.50, investors swapped 1 million units of 138 Student Living, at $4.50, Pan Jam Investment traded 21,420 units with the price slipping 25 cents to end at a $29.75, Portland JSX lost 20 cents to close at a 52 weeks’ low of $9 while trading 23,000 units. Radio Jamaica traded 16,329 units and rose 12 cents to close at $1.40, Sagicor Group closed with 374,817 shares changing hands with a rise of 58 cents at $29.04 Sagicor Real Estate fund lost 22 cents in trading 18,700 units to close at $10, Scotia Group with 137,003 shares changing hands, lost $1 to close at $35. Scotia Investments gained 50 cents with 1,174,023 units trading, to end at $33, Seprod traded 5,739 shares but fell 50 cents in closing at $29.50 and Proven Investments traded 81,000 ordinary shares to close at 23 US cents.
Value of Jamaican stocks slip – Wednesday
At the close the All Jamaica Composite Index lost 211.20 points to close at 213,310.21. The JSE Market Index slipped 188.86 points to finish at 195,111.82 and the JSE combined index fell 262.00 points to close at 209,274.40.
The market closed with 40 securities changing hands, 14 stocks gained and 14 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market. One security ended trading at a new high and two at new lows, while one traded at an intraday high.
At the close with 6,870,141 units valued at $43,857,890 changed hands, compared to 4,982,675 units valued at $90,430,065 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 1,865,673 units, changing hands, valued at $12,828,651.
The average trade for the day in the main market ended at 217,586 shares compared to an average of 138,833 units traded on Tuesday. An average of 528,824 units traded for the month to date, versus 489,448 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Berger Paints ended trading of 49,420 shares to close at $6, Cable and Wireless ended with 3,797,843 units at $1.13, after falling 17 cents, Caribbean Cement traded 12,872 shares to close at $32, Carreras closed at $66.30 with 10,000 shares changing hands after falling by 20 cents. Grace Kennedy had 2,813 units trading, with the price falling 55 cents, to close at $40.10, Jamaica Broilers rose 88 cents and closed at $15.50 with 3,000 shares changing hands, Jamaica Producers traded 62,060 shares to end with a rise of 50 cents to close at a 52 weeks’ high of $10. Jamaica Stock Exchange dipped 4 cents in trading 6,300 shares, to end at $5.56, JMMB Group traded 283,799 units to end at $15.20, Kingston Wharves lost 20 cents in trading 13,200 units to close at $25.31, but retreated from an intraday high of $26.75. Mayberry Investments gained 5 cents in trading 170,522 units and ended at $4.75. National Commercial Bank fell 21 cents swapping 21,233 shares, to close at $51.54, Portland JSX lost 20 cents to close at a 52 weeks’ low of $10 while trading 958 units, Pulse Investments traded 57,791 units and dropped 80 cents to close at $3.70. Sagicor Group closed with 62,000 shares changing hands with a rise of 20 cents at $28.50, Scotia Group with 38,123 shares changing hands, rose 10 cents to close at $36.60, Scotia Investments gained $1 with 1,000 units trading, to end at $33.49. Seprod traded 700 shares but rose 49 cents in closing at $30, Supreme Ventures lost 4 cents in trading 2,000 units at $5.11 and Proven Investments traded 356,514 ordinary shares to close at 22 US cents.
Jamaican stocks cede ground on Tuesday
The main market of the Jamaica Stock Exchange, ceded some grounds to close out Tuesday ‘s trading. Advancing stocks being just below decliners.
At the close the All Jamaica Composite Index lost 118.15 points to close at 213,521.41 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index slipped 105.65 points to finish at 195,300.68 and the JSE combined index fell 50.23 points to close at 209,536.40.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close with 4,982,675 units valued at $90,430,065 changed hands, compared to 24,599,887 units valued at $157,873,358 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,234,173 units, changing hands, valued at $7,873,809.
The average trade for the day in the main market ended at 138,833 shares compared to an average of 688,233 units traded on Monday. The average for the month to date, is 489,448 versus 840,062 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints ended trading of 32,268 shares to close at $6, Cable and Wireless ended with 1,623,683 units at $1.30, after gaining 15 cents, Caribbean Cement ended with a fall of $1 while trading 255,458 shares to close at $32, Carreras closed at $66.50 with 7,191 shares changing hands after falling by 25 cents. Grace Kennedy had 112,010 units trading, with the price rising 55 cents, to close at $40.65, Jamaica Broilers fell 88 cents and closed at $14.62 with 54,101 shares changing hands, Jamaica Producers traded 30,807 shares to end at $9.50, Jamaica Stock Exchange traded 72,932 shares, to end at $5.60, JMMB Group traded 79,284 units to end at $15.20. Kingston Wharves gained 51 cents in trading 11,095 units to close at 52 weeks’ high of $25.51, National Commercial Bank fell 25 cents swapping 10,672 shares to close at $51.75, investors swapped 877,115 units of 138 Student Living at $4.50. Pan Jam Investment traded 47,415 units with the price jumping $3.40 to end at a $30, Portland JSX traded 3,242 units to end with a loss of 80 cents at a 52 weeks’ low of $10.20. Pulse Investments traded 24,651 units and gained 50 cents to close at $4.50, but ended trading with the offer at $4. Radio Jamaica traded 337,368 shares to close at $1.28, Sagicor Group closed with 4,900 shares changing hands with a rise of 9 cents at $28.30, Scotia Group with 49,400 shares changing hands, rose 50 cents to close at $36.50, Scotia Investments fell 1 cent with 16,232 units trading, to end at $32.49. Seprod traded 21,012 shares but lost 89 cents in closing at $29.51, Supreme Ventures lost 14 cents in trading 37,216 units at $5.15 and Proven Investments traded 14,970 ordinary shares to close at 21.99 US cents.